# EDGAR Filing Document

**Accession Number:** 0000003794
**File Stem:** 0001410368-25-011545
**Filing Date:** 2025-9
**Character Count:** 434758
**Document Hash:** 765226ac03863e759d2f541bc29fa364
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-011545.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0001410368-25-011545

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB BOND FUND, INC.
- **CENTRAL INDEX KEY:** 0000003794

**ORGANIZATION NAME:**
- **EIN:** 132754393
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02383
- **FILM NUMBER:** 251344397

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN BOND FUND INC
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE BOND FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### AB Municipal Bond Inflation Strategy (Series ID: S000027379)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000082624 | Class A       | AUNAX           |
| C000082625 | Class C       | AUNCX           |
| C000082626 | Advisor Class | AUNYX           |
| C000085360 | Class 1       | AUNOX           |
| C000085439 | Class 2       | AUNTX           |

## Nport-Ex

**AB Municipal Bond Inflation Strategy** 

**Portfolio of Investments** 

**July 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 94.8%** |  |  |
|  **Long-Term Municipal Bonds – 90.8%** |  |  |
|  **Alabama – 4.8%** |  |  |
|  Alabama Special Care Facilities Financing Authority-Birmingham AL<br> (Children's Hospital of Alabama Obligated Group)<br>Series 2015<br>5.00%, 06/01/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3905 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3909464 |
|  Black Belt Energy Gas District<br> (BP PLC)<br>Series 2024-D<br>5.00%, 03/01/2055 | 5965 | 6274275 |
|  Black Belt Energy Gas District<br> (Goldman Sachs Group)<br>Series 2023-A<br>5.25%, 01/01/2054 | 1830 | 1936373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-D<br>4.771% (SOFR + 1.85%), 06/01/2049<sup>(a)</sup> | 2500 | 2553059 |
|  Black Belt Energy Gas District<br> (Morgan Stanley)<br>Series 2022-C<br>5.25%, 02/01/2053 | 1015 | 1064789 |
|  Black Belt Energy Gas District<br> (Pacific Mutual Holding)<br>Series 2024-C<br>5.00%, 05/01/2055 | 1100 | 1159578 |
|  Black Belt Energy Gas District<br> (Royal Bank of Canada)<br>Series 2021<br>4.00%, 06/01/2051 | 16155 | 16338222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-D<br>4.00%, 07/01/2052 | 2555 | 2581542 |
|  Infirmary Health System Special Care Facilities Financing Authority of Mobile<br> (Infirmary Health System Obligated Group)<br>Series 2021<br>4.00%, 02/01/2039 | 1675 | 1535362 |
|  Southeast Alabama Gas Supply District (The)<br> (Pacific Mutual Holding)<br>Series 2024-A<br>5.00%, 08/01/2054 | 2000 | 2112957 |
|  Southeast Energy Authority A Cooperative District<br> (Athene Annuity & Life Co.)<br>Series 2025-A<br>5.00%, 01/01/2056 | 1705 | 1720263 |
|  Southeast Energy Authority A Cooperative District<br> (BP PLC)<br>Series 2025-F<br>5.25%, 11/01/2055 | 2875 | 3088497 |
|  Southeast Energy Authority A Cooperative District<br> (Deutsche Bank AG)<br>Series 2024-A<br>5.00%, 11/01/2035 | 1085 | 1118380 |
|  Southeast Energy Authority A Cooperative District<br> (Goldman Sachs Group)<br>Series 2022-B<br>5.00%, 05/01/2053 | 1000 | 1033710 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Southeast Energy Authority A Cooperative District<br> (Morgan Stanley)<br>Series 2021-B<br>4.00%, 12/01/2051 | $&nbsp;&nbsp;&nbsp;&nbsp;18485 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18375759 |
|  Southeast Energy Authority A Cooperative District<br> (Royal Bank of Canada)<br>Series 2023-B<br>5.00%, 01/01/2054 | 2000 | 2110848 |
|  Southeast Energy Authority A Cooperative District<br> (Sumitomo Mitsui Financial Group)<br>Series 2023-A<br>5.25%, 01/01/2054 | 3000 | 3153007 |
|  |  | 70066085 |
|  **American Samoa – 0.1%** |  |  |
|  American Samoa Economic Development Authority<br> (Territory of American Samoa)<br>Series 2015-A<br>6.625%, 09/01/2035 | 1335 | 1339210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>6.50%, 09/01/2028<sup>(b)</sup> | 190 | 197936 |
|  |  | 1537146 |
|  **Arizona – 2.6%** |  |  |
|  Arizona Industrial Development Authority<br> (Equitable School Revolving Fund Obligated Group)<br>Series 2020<br>4.00%, 11/01/2030 | 935 | 951634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2031 | 800 | 852930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2032 | 650 | 687425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2033 | 900 | 946872 |
|  Arizona Industrial Development Authority<br> (Kipp NYC Public Charter Schools)<br>Series 2021-B<br>4.00%, 07/01/2041 | 500 | 437010 |
|  Arizona Industrial Development Authority<br> (Legacy Cares, Inc.)<br>Series 2020<br>6.50%, 07/01/2026<sup>(c) (d) (e)</sup> | 1000 | 30600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/01/2030<sup>(c) (d) (e)</sup> | 1000 | 30600 |
|  Arizona Industrial Development Authority<br> (Phoenix Children's Hospital Obligated Group)<br>Series 2021<br>4.00%, 02/01/2039 | 1800 | 1695965 |
|  Arizona Industrial Development Authority<br> (San Tan Valley AH I LLLP)<br>Series 2024-A<br>5.68%, 01/01/2043<sup>(b)</sup> | 1000 | 916941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.68%, 01/01/2043<sup>(b)</sup> | 215 | 197070 |
|  Chandler Industrial Development Authority<br> (Intel Corp.)<br>Series 2022<br>5.00%, 09/01/2052 | 5000 | 5085889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>4.00%, 06/01/2049 | 2000 | 1988860 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Glendale AZ<br> (City of Glendale AZ COP)<br>Series 2021<br>2.542%, 07/01/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3416966 |
|  City of Phoenix Civic Improvement Corp.<br> (Phoenix Sky Harbor Intl Airport)<br>Series 2018<br>5.00%, 07/01/2043 | 4000 | 3942376 |
|  City of Tempe AZ<br> (City of Tempe AZ COP)<br>Series 2021<br>1.951%, 07/01/2031 | 2400 | 2080510 |
|  Industrial Development Authority of the City of Phoenix Arizona (The)<br> (Brooks West Rehabilitation Services I)<br>Series 2024<br>5.00%, 10/31/2044 | 4000 | 4050138 |
|  Maricopa County Industrial Development Authority<br> (HonorHealth Obligated Group)<br>Series 2024-D<br>5.00%, 12/01/2043 | 1000 | 1003586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2044 | 1000 | 998576 |
|  Salt River Project Agricultural Improvement & Power District<br> (Salt River Project Agricultural Improvement & Power District)<br>Series 2023-B<br>5.25%, 01/01/2053 | 2500 | 2589337 |
|  State of Arizona Lottery Revenue<br> (Prerefunded - US Treasuries)<br>Series 2019<br>5.00%, 07/01/2028 | 5000 | 5352009 |
|  Yuma Industrial Development Authority<br> (Yuma Regional Medical Center Obligated Group)<br>Series 2024<br>5.00%, 08/01/2041 | 1600 | 1640799 |
|  |  | 38896093 |
|  **Arkansas – 0.1%** |  |  |
|  Arkansas Development Finance Authority<br> (Hybar LLC)<br>Series 2024<br>7.375%, 07/01/2048<sup>(b)</sup> | 1000 | 1076350 |
|  City of Fayetteville AR Sales & Use Tax Revenue<br> (City of Fayetteville AR Sales & Use Tax Revenue)<br>Series 2022<br>2.875%, 11/01/2032 | 925 | 913976 |
|  |  | 1990326 |
|  **California – 8.8%** |  |  |
|  Align Affordable Housing Bond Fund LP<br> (Park Landing LP)<br>Series 2022-2<br>5.66%, 08/01/2052 | 2000 | 1800870 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Align Affordable Housing Bond Fund LP<br> (SHI - Lake Worth LLC)<br>Series 2021<br>3.25%, 12/01/2051<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2176220 |
|  ARC70 II Trust<br> (ARC70 II TRUST)<br>Series 2023<br>5.00%, 04/01/2065<sup>(c)</sup> | 5560 | 5223852 |
|  California Community Choice Financing Authority<br> (American General Life Insurance)<br>Series 2023-D<br>5.50%, 05/01/2054 | 2000 | 2111924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 08/01/2055 | 1000 | 1057673 |
|  California Community Choice Financing Authority<br> (Athene Annuity & Life Co.)<br>Series 2024<br>5.00%, 11/01/2055 | 1000 | 1037434 |
|  California Community Choice Financing Authority<br> (Deutsche Bank AG)<br>Series 2023<br>5.25%, 01/01/2054 | 3090 | 3224198 |
|  California Community Choice Financing Authority<br> (Goldman Sachs Group)<br>Series 2023<br>5.25%, 11/01/2054 | 1125 | 1190512 |
|  California Community Choice Financing Authority<br> (Pacific Mutual Holding)<br>Series 2025<br>5.00%, 03/01/2056 | 1090 | 1156656 |
|  California Community Choice Financing Authority<br> (Royal Bank of Canada)<br>Series 2024<br>5.00%, 02/01/2055 | 2315 | 2463337 |
|  California Community Housing Agency<br> (California Community Housing Agency Brio Apartments & Next on Lex Apartments)<br>Series 2021-A<br>4.00%, 08/01/2047<sup>(b)</sup> | 3315 | 2449561 |
|  California Community Housing Agency<br> (California Community Housing Agency Fountains at Emerald Park)<br>Series 2021<br>4.00%, 08/01/2046<sup>(b)</sup> | 985 | 797648 |
|  California Housing Finance Agency<br> (CAHFA 2021-1)<br>Series 2021-1, Class A<br>3.50%, 11/20/2035 | 933 | 870389 |
|  California Housing Finance Agency<br> (CAHFA 2021-2)<br>Series 2021-2, Class A<br>3.75%, 03/25/2035 | 4735 | 4697265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class X<br>0.825%, 03/25/2035<sup>(f)</sup> | 2367 | 95643 |
|  California Housing Finance Agency<br> (CAHFA 2021-3)<br>Series 2021-3, Class A<br>3.25%, 08/20/2036 | 1883 | 1754875 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California State University<br> (California State University)<br>Series 2021-B<br>2.374%, 11/01/2035 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796721 |
|  Central Valley Energy Authority<br> (Pacific Mutual Holding)<br>Series 2025<br>5.00%, 12/01/2055 | 1000 | 1067656 |
|  City of Los Angeles CA Wastewater System Revenue<br> (City of Los Angeles CA Wastewater System Revenue)<br>Series 2025-C<br>5.00%, 06/01/2042 | 4505 | 4776014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2043 | 1500 | 1579152 |
|  City of Los Angeles Department of Airports<br> (City of Los Angeles Dept. of Airports)<br>Series 2021<br>5.00%, 05/15/2035 | 4000 | 4211194 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 05/15/2028 | 4000 | 4220392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 05/15/2036 | 3365 | 3584748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/2044 | 1000 | 1027840 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Acacia on Santa Rosa Creek)<br>Series 2021<br>4.00%, 10/01/2046<sup>(b)</sup> | 2000 | 1525621 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Millennium South Bay-Hawthorne)<br>Series 2021<br>3.375%, 07/01/2043<sup>(b)</sup> | 3200 | 2491219 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Theo Apartments)<br>Series 2021<br>3.50%, 05/01/2047<sup>(b)</sup> | 2300 | 1838496 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Vineyard Gardens Apartments)<br>Series 2021<br>4.00%, 10/01/2048<sup>(b)</sup> | 2000 | 1468288 |
|  Golden State Tobacco Securitization Corp.<br> (Golden State Tobacco Securitization)<br>Series 2021<br>3.85%, 06/01/2050 | 825 | 742128 |
|  Los Angeles Department of Water & Power<br> (Los Angeles Dept. of Water & Power Power System Revenue)<br>Series 2024-B<br>5.00%, 07/01/2036 | 1000 | 1077714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2037 | 1315 | 1406753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2038 | 1855 | 1960563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2039 | 2500 | 2609127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.00%, 07/01/2041 | 1700 | 1750574 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-D<br>5.00%, 07/01/2043 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2670 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2715341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-E<br>5.00%, 07/01/2039 | 2550 | 2666737 |
| &nbsp;&nbsp;&nbsp;&nbsp; BAM Series 2025-A<br>5.25%, 07/01/2045 | 1000 | 1033958 |
|  Los Angeles Department of Water & Power Water System Revenue<br> (Los Angeles Dept. of Water & Power Water System Revenue)<br>Series 2020-B<br>4.00%, 07/01/2030 | 1435 | 1478777 |
|  M-S-R Energy Authority<br> (Citigroup, Inc.)<br>Series 2009-B<br>6.50%, 11/01/2039 | 1755 | 2075477 |
|  Sacramento County Water Financing Authority<br> (Sacramento County Water Agency)<br>NATL Series 2007-B<br>3.646% (CME Term SOFR 3 Month + 0.57%), 06/01/2039<sup>(a)</sup> | 5000 | 4508033 |
|  San Diego County Regional Airport Authority<br> (San Diego County Regional Airport Authority)<br>Series 2025<br>5.25%, 07/01/2041 | 1000 | 1048031 |
|  San Francisco Intl Airport<br> (San Francisco Intl Airport)<br>Series 2023-E<br>5.50%, 05/01/2040 | 5000 | 5306094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 05/01/2036 | 5960 | 6299551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2037 | 2000 | 2091925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/2040 | 4975 | 5233796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/2044 | 3380 | 3451577 |
|  San Joaquin Valley Clean Energy Authority<br> (Goldman Sachs Group)<br>Series 2025<br>5.50%, 01/01/2056 | 1060 | 1165964 |
|  Southern California Public Power Authority<br> (American General Life Insurance)<br>Series 2024-A<br>5.00%, 04/01/2055 | 1400 | 1464760 |
|  Southern California Public Power Authority<br> (Los Angeles Dept. of Water & Power Power System Revenue)<br>Series 2023<br>5.00%, 07/01/2039 | 3760 | 3931312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 07/01/2042 | 1400 | 1436039 |
|  State of California<br> (State of California)<br>Series 2023<br>5.00%, 09/01/2037 | 10000 | 10894579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/01/2029 | 1200 | 1231644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 03/01/2044 | 1200 | 1256933 |
|  |  | 129532785 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Colorado – 3.8%** |  |  |
|  Arapahoe County School District No. 5 Cherry Creek<br> (Arapahoe County School District No. 5 Cherry Creek COP)<br>Series 2022<br>4.00%, 12/15/2038 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2655 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2588882 |
|  City & County of Denver CO Airport System Revenue<br> (City & County of Denver CO Airport System Revenue)<br>Series 2022-A<br>5.00%, 11/15/2031 | 7910 | 8603137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2033 | 10000 | 10772951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2034 | 2000 | 2136925 |
|  City & County of Denver CO Airport System Revenue<br> (Denver Intl Airport)<br>Series 2018-A<br>5.00%, 12/01/2028 | 2090 | 2223857 |
|  Colorado Health Facilities Authority<br> (AdventHealth Obligated Group)<br>Series 2021<br>5.00%, 11/15/2041 | 2600 | 2655181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 11/15/2058 | 5280 | 5600460 |
|  Colorado Health Facilities Authority<br> (CommonSpirit Health Obligated Group)<br>Series 2019-A<br>5.00%, 08/01/2030 | 1015 | 1087282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2032 | 640 | 672814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2033 | 750 | 783432 |
|  Colorado Health Facilities Authority<br> (Intermountain Healthcare Obligated Group)<br>Series 2019-B<br>4.00%, 01/01/2040 | 1445 | 1339986 |
|  Colorado Health Facilities Authority<br> (Sanford Obligated Group)<br>Series 2019-A<br>5.00%, 11/01/2033 | 1525 | 1599366 |
|  Colorado Housing & Finance Authority<br> (Albion Apartments LLLP)<br>Series 2025<br>3.375%, 07/01/2044 | 1000 | 1008143 |
|  E-470 Public Highway Authority<br> (E-470 Public Highway Authority)<br>Series 2024-B<br>3.671% (SOFR + 0.75%), 09/01/2039<sup>(a)</sup> | 2000 | 1997786 |
|  Johnstown Plaza Metropolitan District<br>(Johnstown Plaza Metropolitan District)<br>Series 2022<br>4.25%, 12/01/2046 | 1805 | 1495722 |
|  Platte River Metropolitan District<br> (Platte River Metropolitan District)<br>Series 2023-A<br>6.50%, 08/01/2053<sup>(b)</sup> | 292 | 288950 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado<br> (Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado)<br>Series 2025-A<br>5.00%, 04/01/2035<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3164256 |
|  State of Colorado<br> (State of Colorado COP)<br>Series 2022<br>6.00%, 12/15/2041 | 6000 | 6674024 |
|  Sterling Ranch Community Authority Board<br> (Sterling Ranch Metropolitan District No. 3)<br>Series 2022<br>6.50%, 12/01/2042 | 1000 | 1033057 |
|  |  | 55726211 |
|  **Connecticut – 1.9%** |  |  |
|  City of New Haven CT<br> (City of New Haven CT)<br>Series 2018-A<br>5.50%, 08/01/2035 | 1920 | 2003450 |
|  Connecticut State Health & Educational Facilities Authority<br> (Stamford Hospital Obligated Group)<br>Series 2022<br>4.00%, 07/01/2037 | 3665 | 3537458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2040 | 1500 | 1360560 |
|  Connecticut State Health & Educational Facilities Authority<br> (Yale University)<br>Series 2023-A<br>2.80%, 07/01/2048 | 7710 | 7681781 |
|  State of Connecticut<br> (Prerefunded - Others)<br>Series 2015-B<br>5.00%, 06/15/2028 | 2840 | 2840000 |
|  State of Connecticut<br> (State of Connecticut)<br>Series 2016-A<br>5.00%, 03/15/2032 | 2160 | 2186429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B<br>5.00%, 04/15/2028 | 1440 | 1534480 |
|  State of Connecticut Special Tax Revenue<br>(State of Connecticut Special Tax Revenue)<br>Series 2020<br>5.00%, 05/01/2038 | 3040 | 3170632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A<br>5.25%, 07/01/2042 | 3000 | 3172534 |
|  |  | 27487324 |
|  **District of Columbia – 3.6%** |  |  |
|  District of Columbia<br> (District of Columbia Intl School Obligated Group)<br>Series 2019<br>5.00%, 07/01/2039 | 2400 | 2411287 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  District of Columbia<br> (District of Columbia)<br>Series 2024-A<br>5.00%, 08/01/2042 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1054917 |
|  District of Columbia<br> (Plenary Infrastructure DC State Lease)<br>Series 2022<br>5.00%, 08/31/2029 | 4765 | 5049284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/31/2030 | 5025 | 5361992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/29/2032 | 5475 | 5865220 |
|  District of Columbia Income Tax Revenue<br> (District of Columbia Income Tax Revenue)<br>Series 2022-A<br>5.00%, 07/01/2042 | 5795 | 5953370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 10/01/2035 | 3750 | 4180263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 06/01/2045 | 10000 | 10242915 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br> (Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2018-A<br>5.00%, 10/01/2026 | 3065 | 3139534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 10/01/2034 | 2000 | 2152046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2042 | 1000 | 1002353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/2041 | 2000 | 2073801 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 10/01/2035 | 1000 | 1084355 |
|  Washington Metropolitan Area Transit Authority<br> (Washington Metropolitan Area Transit Authority State Lease)<br>Series 2023<br>5.00%, 07/15/2040 | 2540 | 2655409 |
|  |  | 52226746 |
|  **Florida – 3.9%** |  |  |
|  City of Palmetto FL<br> (Renaissance Arts & Education)<br>Series 2022<br>5.125%, 06/01/2042 | 2400 | 2341795 |
|  County of Broward FL Airport System Revenue<br> (County of Broward FL Airport System Revenue)<br>Series 2019-C<br>2.384%, 10/01/2026 | 2600 | 2542304 |
|  County of Miami-Dade FL Aviation Revenue<br> (County of Miami-Dade FL Aviation Revenue)<br>Series 2024-A<br>5.00%, 10/01/2034 | 3130 | 3372263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2036 | 4970 | 5241913 |
|  County of Miami-Dade Seaport Department<br> (County of Miami-Dade Seaport Dept.)<br>Series 2023-A<br>5.00%, 10/01/2036 | 1715 | 1787858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2038 | 2835 | 2901407 |
|  County of Osceola FL Transportation Revenue<br>(County of Osceola FL Transportation Revenue)<br>Series 2020-A<br>Zero Coupon, 10/01/2030 | 115 | 93491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2031 | 140 | 108010 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2032 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2033 | 115 | 79136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2034 | 125 | 81702 |
|  County of Palm Beach FL Airport System Revenue<br> (County of Palm Beach FL Airport System Revenue)<br>Series 2024-B<br>5.25%, 10/01/2040 | 1710 | 1789330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/2041 | 1750 | 1814341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/2042 | 1100 | 1130241 |
|  County of Pasco FL<br> (H Lee Moffitt Cancer Center & Research Institute Obligated Group)<br>Series 2023<br>5.00%, 07/01/2030<sup>(b)</sup> | 8000 | 8679292 |
|  Florida Housing Finance Corp.<br> (Bayside Breeze Redevelopment LLLP)<br>Series 2025<br>3.625%, 08/01/2029 | 1000 | 1002060 |
|  Florida Municipal Power Agency<br> (Florida Municipal Power Agency All-Requirements Power Supply Project Revenue)<br>Series 2021<br>1.425%, 10/01/2026 | 500 | 482964 |
|  Florida State Board of Governors<br> (Florida State University Athletics Association)<br>BAM Series 2024-A<br>5.00%, 10/01/2042 | 4500 | 4638691 |
|  Greater Orlando Aviation Authority<br> (Greater Orlando Aviation Authority)<br>Series 2019-A<br>5.00%, 10/01/2044 | 1000 | 988062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 10/01/2036 | 2175 | 2316076 |
|  Hillsborough County Aviation Authority<br> (Hillsborough County Aviation Authority)<br>Series 2024<br>5.25%, 10/01/2043 | 2000 | 2056492 |
|  Hillsborough County Industrial Development Authority<br> (BayCare Obligated Group)<br>Series 2024<br>5.00%, 11/15/2034 | 1000 | 1116221 |
|  Miami-Dade County Educational Facilities Authority<br> (University of Miami)<br>Series 2024-A<br>5.00%, 04/01/2045 | 1700 | 1700643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.25%, 04/01/2040 | 1000 | 1063046 |
|  Orange County Health Facilities Authority<br> (Orlando Health Obligated Group)<br>Series 2025<br>5.00%, 10/01/2046 | 1140 | 1142385 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Orange County Health Facilities Authority<br> (Presbyterian Retirement Communities Obligated Group)<br>Series 2023<br>4.00%, 08/01/2036 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946832 |
|  Palm Beach County Health Facilities Authority<br> (Jupiter Medical Center Obligated Group)<br>Series 2025<br>5.00%, 11/01/2032 | 1210 | 1303521 |
|  Polk County Industrial Development Authority/FL<br> (Mineral Development LLC)<br>Series 2020<br>5.875%, 01/01/2033<sup>(c) (d) (e)</sup> | 950 | 522500 |
|  School Board of Miami-Dade County (The)<br> (Miami-Dade County School Board Foundation COP)<br>Series 2025-A<br>5.00%, 05/01/2026 | 3500 | 3557779 |
|  Village Community Development District No. 14<br> (Village Community Development District No. 14 Series 2022 Phase I Special Asmnt)<br>Series 2022<br>5.50%, 05/01/2053 | 2610 | 2612186 |
|  |  | 57485565 |
|  **Georgia – 3.1%** |  |  |
|  Augusta Development Authority<br> (WellStar Health System Obligated Group)<br>Series 2018<br>5.00%, 07/01/2034 | 4490 | 4659767 |
|  City of Atlanta GA Department of Aviation<br> (City of Atlanta GA Dept. of Aviation)<br>Series 2022-B<br>5.00%, 07/01/2038 | 3440 | 3549354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2042 | 6830 | 6844122 |
|  Main Street Natural Gas, Inc.<br> (Citigroup, Inc.)<br>Series 2022-A<br>4.00%, 09/01/2052 | 2075 | 2077486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.00%, 12/01/2054 | 4000 | 4203688 |
|  Main Street Natural Gas, Inc.<br> (Royal Bank of Canada)<br>Series 2023-B<br>5.00%, 07/01/2053 | 8000 | 8443552 |
|  Main Street Natural Gas, Inc.<br> (Toronto-Dominion Bank)<br>Series 2025-A<br>5.00%, 06/01/2055 | 1690 | 1797839 |
|  Metropolitan Atlanta Rapid Transit Authority<br> (Metropolitan Atlanta Rapid Transit Authority Sales Tax)<br>Series 2025-B<br>5.00%, 07/01/2037 | 1400 | 1586211 |
|  Municipal Electric Authority of Georgia<br> (Municipal Electric Authority of Georgia)<br>Series 2024<br>5.00%, 01/01/2043 | 1150 | 1160692 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Private Colleges & Universities Authority<br> (Emory University)<br>Series 2023<br>5.00%, 09/01/2033<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;10000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11152566 |
|  |  | 45475277 |
|  **Guam – 0.3%** |  |  |
|  Guam Government Waterworks Authority<br> (Guam Govt Waterworks Authority)<br>Series 2025-A<br>5.25%, 07/01/2042<sup>(g)</sup> | 1000 | 1026143 |
|  Guam Power Authority<br> (Guam Power Authority)<br>Series 2022-A<br>5.00%, 10/01/2043 | 1930 | 1942838 |
|  Territory of Guam<br> (Territory of Guam)<br>Series 2025-G<br>5.00%, 01/01/2034<sup>(g)</sup> | 1000 | 1076879 |
|  |  | 4045860 |
|  **Hawaii – 0.2%** |  |  |
|  City & County Honolulu HI Wastewater System Revenue<br> (City & County Honolulu HI Wastewater System Revenue)<br>Series 2025<br>5.00%, 07/01/2038 | 2000 | 2186025 |
|  State of Hawaii Airports System Revenue<br> (State of Hawaii Airports System Revenue)<br>Series 2025-C<br>5.00%, 07/01/2044 | 1000 | 989377 |
|  |  | 3175402 |
|  **Illinois – 5.2%** |  |  |
|  Chicago Board of Education<br> (Chicago Board of Education)<br>Series 2018-A<br>5.00%, 12/01/2027 | 1200 | 1233428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B<br>5.00%, 12/01/2030 | 135 | 138222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 | 265 | 269732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2033 | 100 | 100621 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.25%, 04/01/2033 | 1375 | 1506649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/2040 | 1720 | 1774503 |
|  Chicago Housing Authority<br> (Chicago Housing Authority)<br>Series 2018-A<br>5.00%, 01/01/2034 | 2500 | 2572340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2037 | 5260 | 5355747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2038 | 1000 | 1019927 |
|  Chicago O'Hare International Airport<br> (Chicago O'Hare Intl Airport)<br>Series 2022<br>4.00%, 01/01/2042 | 2000 | 1783202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2028 | 680 | 714211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2031 | 600 | 646572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2042 | 3850 | 3835505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 01/01/2039 | 3400 | 3474117 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Chicago IL<br> (City of Chicago IL)<br>Series 2025-B<br>5.50%, 01/01/2040 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1035717 |
|  Illinois Finance Authority<br> (Advocate Aurora Health Obligated Group)<br>Series 2014<br>4.00%, 08/01/2038 | 1000 | 918487 |
|  Illinois Finance Authority<br> (Centerpoint Joliet Terminal Railroad)<br>Series 2024<br>4.125%, 12/01/2043<sup>(b)</sup> | 1000 | 957843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>4.80%, 12/01/2043<sup>(b)</sup> | 1000 | 998910 |
|  Illinois Finance Authority<br> (Illinois Institute of Technology)<br>Series 2019<br>5.00%, 09/01/2026 | 100 | 100695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2033 | 200 | 199053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2034 | 100 | 98382 |
|  Illinois Finance Authority<br> (Mercy Health Corp.)<br>Series 2016<br>5.00%, 12/01/2040 | 2000 | 1998750 |
|  Illinois Finance Authority<br> (Washington & Jane Smith Community - Orland Park)<br>Series 2022<br>4.00%, 10/15/2040 | 9375 | 7502520 |
|  Illinois Housing Development Authority<br> (Circle Park Preservation)<br>Series 2024-H<br>4.00%, 01/01/2042 | 3500 | 3070699 |
|  Illinois Housing Development Authority<br> (Drexel Court & Lake Park East)<br>Series 2022<br>7.17%, 11/01/2038 | 125 | 125160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.67%, 11/01/2038<sup>(c)</sup> | 1190 | 1125708 |
|  Illinois State Toll Highway Authority<br> (Illinois State Toll Highway Authority)<br>Series 2020-A<br>5.00%, 01/01/2041 | 7015 | 7137473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>5.00%, 01/01/2041 | 7790 | 7960691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2043 | 6700 | 6737521 |
|  State of Illinois<br> (State of Illinois)<br>Series 2022-A<br>5.50%, 03/01/2042 | 2945 | 3050081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>5.25%, 10/01/2037 | 3000 | 3177251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 05/01/2038 | 1000 | 1044647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2041 | 1400 | 1422996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/2043 | 3000 | 3055422 |
|  |  | 76142782 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Indiana – 2.8%** |  |  |
|  City of Fort Wayne IN<br> (Do Good Foods Fort Wayne Obligated Group)<br>10.75%, 12/01/2029<sup>(d) (e)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
|  City of Whiting IN<br> (BP PLC)<br>Series 2023<br>4.40%, 11/01/2045 | 5000 | 5091355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>4.20%, 06/01/2044 | 1000 | 992119 |
|  Indiana Finance Authority<br> (Brightmark Plastics Renewal Indiana)<br>Series 2019<br>7.00%, 03/01/2039<sup>(c) (d) (e)</sup> | 2220 | 111000 |
|  Indiana Finance Authority<br> (CWA Authority, Inc.)<br>Series 2014-A<br>4.25%, 10/01/2044 | 1955 | 1716749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 10/01/2033 | 2000 | 2261360 |
|  Indiana Finance Authority<br> (Duke Energy Indiana LLC)<br>Series 2022<br>3.75%, 03/01/2031 | 5750 | 5782769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/2035 | 7555 | 7635646 |
|  Indiana Finance Authority<br> (Good Samaritan Hospital Obligated Group)<br>Series 2022<br>4.00%, 04/01/2035 | 1210 | 1149638 |
|  Indiana Finance Authority<br> (Indiana University Health Obligated Group)<br>Series 2021<br>0.70%, 12/01/2046 | 7150 | 7082903 |
|  Indiana Finance Authority<br> (Ohio Valley Electric)<br>Series 2021-B<br>2.50%, 11/01/2030 | 495 | 464870 |
|  Indiana Finance Authority<br> (Parkview Health System Obligated Group)<br>Series 2024-B<br>3.762% (SOFR + 0.71%), 11/01/2046<sup>(a) (c)</sup> | 1965 | 1961831 |
|  Indiana Finance Authority<br> (University of Evansville)<br>Series 2022<br>5.25%, 09/01/2037 | 5000 | 5044015 |
|  Indianapolis Local Public Improvement Bond Bank<br> (Indianapolis Airport Authority)<br>Series 2023<br>5.00%, 01/01/2033 | 1440 | 1553437 |
|  Indianapolis Local Public Improvement Bond Bank<br> (Indianapolis Local Public Improvement Bond Bank)<br>Series 2023<br>5.00%, 02/01/2043 | 1030 | 1059855 |
|  |  | 41907556 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Iowa – 0.9%** |  |  |
|  Iowa Higher Education Loan Authority<br> (Simpson College)<br>Series 2020<br>5.25%, 11/01/2040 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2275 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024793 |
|  Iowa Tobacco Settlement Authority<br> (Iowa Tobacco Settlement Authority)<br>Series 2021-A<br>4.00%, 06/01/2034 | 500 | 491079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/2035 | 515 | 501886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/2040 | 500 | 460352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2031 | 900 | 950683 |
|  PEFA, Inc.<br> (Goldman Sachs Group)<br>Series 2019<br>5.00%, 09/01/2049 | 9300 | 9397196 |
|  |  | 13825989 |
|  **Kansas – 0.1%** |  |  |
|  Kansas Development Finance Authority<br> (Prerefunded - US Treasuries)<br>Series 2021<br>5.00%, 11/15/2054 | 720 | 767170 |
|  Kentucky – 0.2% |  |  |
|  City of Ashland KY<br> (Royal Blue Health Obligated Group)<br>Series 2019<br>5.00%, 02/01/2026 | 180 | 181375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2027 | 195 | 199704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2030 | 125 | 132520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2031 | 150 | 155422 |
|  Kenton County Airport Board<br> (Kenton County Airport Board)<br>Series 2024-A<br>5.25%, 01/01/2042 | 2000 | 2030682 |
|  |  | 2699703 |
|  **Louisiana – 0.9%** |  |  |
|  City of New Orleans LA<br> (City of New Orleans LA)<br>Series 2024-A<br>5.00%, 12/01/2041 | 1910 | 1945097 |
|  Jefferson Sales Tax District<br> (Jefferson Sales Tax District)<br>AG Series 2017-B<br>5.00%, 12/01/2034 | 1800 | 1855121 |
|  Louisiana Local Government Environmental Facilities & Community Development Auth<br> (LCDA 2023-ELL)<br>Series 2023-ELL, Class A1<br>5.081%, 06/01/2031 | 2075 | 2101301 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Louisiana Public Facilities Authority<br> (Acadiana Renaissance Charter Academy)<br>Series 2025<br>6.00%, 06/15/2045<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $988514 |
|  Parish of St. James LA<br> (NuStar Logistics LP)<br>Series 2020<br>6.10%, 06/01/2038<sup>(b)</sup> | 455 | 484643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 12/01/2040<sup>(b)</sup> | 390 | 415385 |
|  Parish of St. John the Baptist LA<br> (Marathon Oil Corp.)<br>Series 2024<br>3.30%, 06/01/2037 | 1000 | 1005312 |
|  State of Louisiana Gasoline & Fuels Tax Revenue<br> (State of Louisiana Gasoline & Fuels Tax Revenue)<br>Series 2022-A<br>3.552% (SOFR + 0.50%), 05/01/2043<sup>(a)</sup> | 3965 | 3955658 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12751031 |
|  **Maryland – 0.6%** |  |  |
|  Maryland Stadium Authority<br> (State of Maryland Built to Learn Revenue State Lease)<br>Series 2024<br>5.00%, 06/01/2038 | 2190 | 2345031 |
|  State of Maryland<br> (State of Maryland)<br>Series 2017-B<br>5.00%, 08/01/2025 | 1000 | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>5.00%, 06/01/2035 | 1000 | 1094472 |
|  State of Maryland Department of Transportation<br> (Maryland Aviation Administration)<br>AG Series 2024<br>5.00%, 08/01/2039 | 1000 | 1025199 |
|  State of Maryland Department of Transportation<br> (State of Maryland Dept. of Transportation)<br>Series 2017<br>5.00%, 05/01/2026 | 3210 | 3214107 |
|  |  | 8678809 |
|  **Massachusetts – 1.6%** |  |  |
|  City of Quincy MA<br> (City of Quincy MA)<br>Series 2025<br>5.00%, 07/24/2026 | 1500 | 1535776 |
|  Commonwealth of Massachusetts<br> (Commonwealth of Massachusetts)<br>Series 2022-B<br>4.11%, 07/15/2031 | 633 | 628863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 01/01/2040 | 2000 | 2116384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 05/01/2043 | 2000 | 2069564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 04/01/2043 | 1500 | 1562540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2044 | 1000 | 1035787 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Massachusetts Bay Transportation Authority Sales Tax Revenue<br> (Massachusetts Bay Transportation Authority Sales Tax Revenue)<br>Series 2025-B<br>5.00%, 07/01/2045 | $2500 | $2575399 |
|  Massachusetts Development Finance Agency<br> (Emerson College)<br>Series 2025<br>5.00%, 01/01/2029 | 1175 | 1240452 |
|  Massachusetts Development Finance Agency<br> (Lifespan Obligated Group)<br>Series 2025<br>5.25%, 08/15/2045 | 1000 | 1003832 |
|  Massachusetts Development Finance Agency<br> (Southcoast Health System Obligated Group)<br>Series 2021-G<br>4.00%, 07/01/2046 | 1000 | 825151 |
|  Massachusetts Development Finance Agency<br> (Tufts Medicine Obligated Group)<br>Series 2024<br>8.50%, 10/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 1003300 |
|  Massachusetts Port Authority<br> (Massachusetts Port Authority)<br>Series 2019-A<br>5.00%, 07/01/2038 | 2500 | 2537998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C<br>5.00%, 07/01/2039 | 3050 | 3082868 |
|  Massachusetts Water Resources Authority<br> (Massachusetts Water Resources Authority)<br>Series 2024-C<br>5.00%, 08/01/2040 | 2810 | 2998200 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24216114 |
|  **Michigan – 1.4%** |  |  |
|  City of Detroit MI<br> (City of Detroit MI)<br>Series 2018<br>5.00%, 04/01/2035 | 750 | 765329 |
|  City of Detroit MI Sewage Disposal System Revenue<br> (Great Lakes Water Authority Sewage Disposal System Revenue)<br>AG Series 2006-D<br>3.65% (CME Term SOFR 3 Month + 0.60%), 07/01/2032<sup>(a)</sup> | 2605 | 2580926 |
|  Detroit Downtown Development Authority<br> (Detroit Downtown Development Authority Catalyst Development Area)<br>Series 2024<br>5.00%, 07/01/2048 | 1000 | 991906 |
|  Great Lakes Water Authority Water Supply System Revenue<br> (Great Lakes Water Authority Water Supply System Revenue)<br>Series 2025-A<br>5.00%, 07/01/2033 | 1000 | 1122942 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Michigan Finance Authority<br> (Bronson Health Care Group Obligated Group)<br>Series 2019<br>3.75%, 11/15/2049 | $&nbsp;&nbsp;&nbsp;&nbsp;11080 | $11126054 |
|  Michigan Finance Authority<br> (City of Detroit MI)<br>Series 2016-C<br>5.00%, 04/01/2027 | 1735 | 1780651 |
|  Michigan Finance Authority<br> (Henry Ford Health System Obligated Group)<br>Series 2016<br>5.00%, 11/15/2031 | 1785 | 1824862 |
|  Michigan Finance Authority<br> (Michigan Finance Authority Tobacco Settlement Revenue)<br>Series 2020-A<br>3.267%, 06/01/2039 | 870 | 811647 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21004317 |
|  **Minnesota – 0.7%** |  |  |
|  City of Brooklyn Park MN<br> (Brooklyn Park AH I LLLP)<br>Series 2023<br>6.205%, 01/01/2042<sup>(b) (h)</sup> | 1500 | 1500977 |
|  City of St. Cloud MN<br> (CentraCare Health System Obligated Group)<br>Series 2024<br>5.00%, 05/01/2041 | 1000 | 1025705 |
|  Dakota County Community Development Agency<br> (Rosemont AH I LLLP)<br>Series 2023<br>5.66%, 07/01/2041<sup>(b)</sup> | 1000 | 931582 |
|  Minneapolis-St. Paul Metropolitan Airports Commission<br> (Minneapolis-St Paul Metropolitan Airports Commission)<br>Series 2022-B<br>4.00%, 01/01/2038 | 4250 | 4050613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2039 | 2105 | 2153236 |
|  Washington County Community Development Agency<br> (Raymie Johnson Estates)<br>Series 2025<br>6.08%, 07/01/2042 | 1000 | 991313 |
|  |  | 10653426 |
|  **Mississippi – 0.1%** |  |  |
|  City of Gulfport MS<br> (Memorial Hospital at Gulfport Obligated Group)<br>Series 2025<br>5.00%, 07/01/2035 | 1000 | 1072652 |
|  Mississippi Development Bank<br> (Magnolia Regional Health Center)<br>Series 2021<br>5.00%, 10/01/2033<sup>(b)</sup> | 1000 | 1007171 |
|  |  | 2079823 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Missouri – 0.3%** |  |  |
|  Health & Educational Facilities Authority of the State of Missouri<br> (BJC Healthcare Obligated Group)<br>Series 2025-A<br>5.00%, 04/01/2036 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $2215671 |
|  Howard Bend Levee District<br> (Howard Bend Levee District)<br>XLCA Series 2005<br>5.75%, 03/01/2027 | 120 | 124394 |
|  Lee's Summit Industrial Development Authority<br> (John Knox Village Obligated Group)<br>Series 2016-A<br>5.00%, 08/15/2036 | 1675 | 1639121 |
|  |  | 3979186 |
|  **Montana – 0.2%** |  |  |
|  Montana Facility Finance Authority<br> (Benefis Health System Obligated Group)<br>Series 2016<br>5.00%, 02/15/2031 | 1925 | 1968112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/2033 | 1350 | 1373089 |
|  |  | 3341201 |
|  **Nebraska – 1.1%** |  |  |
|  Central Plains Energy Project<br> (Bank of Montreal)<br>Series 2023-A<br>5.00%, 05/01/2054 | 2000 | 2099404 |
|  Central Plains Energy Project<br> (Prerefunded - Others)<br>Series 2019<br>4.00%, 12/01/2049 | 6115 | 6115000 |
|  Central Plains Energy Project<br> (Royal Bank of Canada)<br>Series 2025-A<br>5.00%, 08/01/2055 | 5000 | 5307663 |
|  Lincoln Airport Authority<br> (Lincoln Airport Authority)<br>Series 2021<br>4.00%, 07/01/2035 | 3045 | 2946221 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16468288 |
|  **Nevada – 1.5%** |  |  |
|  Las Vegas Valley Water District<br> (Las Vegas Valley Water District)<br>Series 2022-A<br>4.00%, 06/01/2036 | 5000 | 5043330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/2037 | 6350 | 6352231 |
|  Series 2025-A 5.00%, 06/01/2045 | 5650 | 5805184 |
|  Reno-Tahoe Airport Authority<br> (Reno-Tahoe Airport Authority)<br>Series 2024<br>5.00%, 07/01/2036 | 1000 | 1041788 |

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Tahoe-Douglas Visitors Authority<br> (Tahoe-Douglas Visitors Authority)<br>Series 2020<br>5.00%, 07/01/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2625 | $2790590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2035 | 805 | 836003 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21869126 |
|  **New Hampshire – 1.9%** |  |  |
|  National Finance Authority<br> (NFA 2024-3)<br>Series 2024-3, Class A<br>4.034%, 10/20/2051 | 1988 | 1815278 |
|  New Hampshire Business Finance Authority<br> (ARC70 II TRUST)<br>Series 2024<br>4.15%, 10/20/2040 | 1998 | 1878725 |
|  New Hampshire Business Finance Authority<br> (Bridgeland Water & Utility Districts 490, 491 & 158)<br>Series 2024<br>5.375%, 12/15/2035<sup>(b)</sup> | 955 | 933031 |
|  New Hampshire Business Finance Authority<br> (Lakes Fresh Water Supply District of Denton County)<br>Series 2024<br>5.00%, 12/01/2028<sup>(b)</sup> | 1000 | 1001266 |
|  New Hampshire Business Finance Authority<br> (New Hampshire Business Finance Authority)<br>Series 2025-2<br>5.15%, 09/28/2037 | 1000 | 965218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>Zero Coupon, 02/01/2035<sup>(b)</sup> | 1000 | 548012 |
|  New Hampshire Business Finance Authority<br> (NFA 2020-1)<br>Series 2020-1, Class A<br>4.125%, 01/20/2034 | 1421 | 1405775 |
|  New Hampshire Business Finance Authority<br> (NFA 2022-1)<br>Series 2022-1, Class A<br>4.375%, 09/20/2036 | 9594 | 9266926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class X<br>0.334%, 09/20/2036<sup>(f)</sup> | 8165 | 159214 |
|  New Hampshire Business Finance Authority<br> (NFA 2022-2)<br>Series 2022-2, Class A<br>4.00%, 10/20/2036 | 4810 | 4517956 |
|  New Hampshire Business Finance Authority<br> (NFA 2024-1)<br>Series 2024-1, Class X<br>0.495%, 07/01/2051<sup>(f)</sup> | 2155 | 78602 |
|  New Hampshire Business Finance Authority<br> (NFA 2024-2)<br>Series 2024-2, Class X<br>0.506%, 08/20/2039<sup>(f)</sup> | 992 | 39143 |
|  New Hampshire Business Finance Authority<br> (NFA 2025-1)<br>Series 2025<br>5.875%, 12/15/2033<sup>(b)</sup> | 2000 | 2005919 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A1<br>4.087%, 01/20/2041 | 998 | 941912 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  New Hampshire Business Finance Authority<br> (Tamarron Project)<br>Series 2024<br>5.25%, 12/01/2035<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828 | $824916 |
|  New Hampshire Business Finance Authority<br> (The Highlands Project)<br>Series 2024<br>5.125%, 12/15/2030 | 914 | 914646 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27296539 |
|  **New Jersey – 4.2%** |  |  |
|  New Jersey Economic Development Authority<br> (DRP Urban Renewal 4 LLC)<br>Series 2025<br>6.375%, 01/01/2035<sup>(b)</sup> | 1000 | 1015676 |
|  New Jersey Economic Development Authority<br> (New Jersey-American Water)<br>Series 2023<br>3.75%, 11/01/2034 | 2000 | 1996477 |
|  New Jersey Educational Facilities Authority<br> (Ramapo College of New Jersey)<br>AG Series 2022-A<br>4.00%, 07/01/2039 | 550 | 520994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2040 | 750 | 702274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2041 | 835 | 775994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2034 | 845 | 925684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2035 | 400 | 434366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2036 | 600 | 645812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2037 | 600 | 639889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2038 | 745 | 786833 |
|  New Jersey Transportation Trust Fund Authority<br> (New Jersey Transportation Fed Hwy Grant)<br>Series 2016<br>5.00%, 06/15/2027 | 1480 | 1510757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2029 | 4390 | 4474665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 06/15/2028 | 4170 | 4252968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2029 | 17500 | 17840550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2030 | 1500 | 1527746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2031 | 3000 | 3048815 |
|  New Jersey Transportation Trust Fund Authority<br> (State of New Jersey Lease)<br>Series 2023-B<br>5.00%, 06/15/2040 | 3265 | 3381768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2043 | 1250 | 1269407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>4.00%, 06/15/2042 | 3530 | 3159150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2037 | 3750 | 4011379 |
|  New Jersey Turnpike Authority<br> (New Jersey Turnpike Authority)<br>Series 2024-C<br>5.00%, 01/01/2043 | 2400 | 2477021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2044 | 1000 | 1026225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C<br>5.00%, 01/01/2032<sup>(g)</sup> | 1000 | 1107119 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Tobacco Settlement Financing Corp./NJ<br> (Tobacco Settlement Financing Corp/NJ)<br>Series 2018-A<br>5.00%, 06/01/2030 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4750 | $4889865 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62421434 |
|  New Mexico – 0.1% |  |  |
|  State of New Mexico Severance Tax Permanent Fund<br> (State of New Mexico Severance Tax Permanent Fund)<br>Series 2022-A<br>5.00%, 07/01/2031 | 1000 | 1114636 |
|  **New York – 7.9%** |  |  |
|  City of New York NY<br> (City of New York NY)<br>Series 2021<br>1.396%, 08/01/2027 | 3120 | 2952837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>4.00%, 08/01/2041 | 2000 | 1848412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.25%, 09/01/2050 | 3000 | 3064363 |
|  County of Nassau NY<br> (County of Nassau NY)<br>Series 2022-A<br>4.00%, 04/01/2042 | 2205 | 2067485 |
|  Empire State Development Corp.<br> (State of New York Pers Income Tax)<br>Series 2022<br>5.00%, 09/15/2029 | 37115 | 40749924 |
|  Metropolitan Transportation Authority<br> (Metropolitan Transportation Authority)<br>Series 2016-B<br>5.00%, 11/15/2027 | 1370 | 1410807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>5.00%, 11/15/2025 | 1935 | 1947750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2026 | 555 | 571848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C<br>5.00%, 11/15/2027 | 1745 | 1838555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A<br>5.00%, 11/15/2045 | 5120 | 5377715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 11/15/2044 | 2440 | 2431218 |
|  New York City Municipal Water Finance Authority<br> (New York City Municipal Water Finance Authority)<br>Series 2023<br>5.00%, 06/15/2034 | 2000 | 2282156 |
|  New York City Transitional Finance Authority<br> (New York City Transitional Finance Authority Future Tax Secured Revenue)<br>Series 2024<br>5.00%, 11/01/2038 | 6800 | 7265287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2039 | 1900 | 2013336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 05/01/2043 | 2500 | 2573036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-H<br>5.00%, 11/01/2044 | 1865 | 1915903 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  NEW York Energy Finance Development Corp.<br> (Athene Annuity & Life Co.)<br>Series 2025<br>5.00%, 07/01/2056 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042223 |
|  New York Liberty Development Corp.<br> (3 World Trade Center LLC)<br>Series 2014<br>5.375%, 11/15/2040<sup>(b)</sup> | 200 | 197097 |
|  New York State Dormitory Authority<br> (New York State Sales Tax)<br>Series 2018-C<br>5.00%, 03/15/2040 | 2000 | 2038214 |
|  New York State Dormitory Authority<br> (State of New York Pers Income Tax)<br>Series 2021<br>2.202%, 03/15/2034 | 2000 | 1653575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.252%, 03/15/2032 | 2000 | 1735201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>4.00%, 03/15/2039 | 1000 | 956081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>4.00%, 03/15/2039 | 2000 | 1908800 |
|  New York State Environmental Facilities Corp.<br> (State of New York SRF)<br>Series 2021<br>4.00%, 08/15/2038 | 800 | 801924 |
|  New York State Thruway Authority<br> (State of New York Pers Income Tax)<br>Series 2025-A<br>5.00%, 03/15/2045 | 2825 | 2888606 |
|  New York Transportation Development Corp.<br> (JFK Intl Air Terminal)<br>Series 2022<br>5.00%, 12/01/2042 | 1610 | 1574550 |
|  New York Transportation Development Corp.<br> (Laguardia Gateway Partners)<br>Series 2016-A<br>5.00%, 07/01/2046 | 345 | 328055 |
|  Suffolk Tobacco Asset Securitization Corp.<br> (Suffolk Tobacco Asset Securitization)<br>Series 2021<br>5.00%, 06/01/2028 | 2265 | 2348533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2032 | 2245 | 2357879 |
|  Triborough Bridge & Tunnel Authority<br> (Metropolitan Transportation Authority Payroll Mobility Tax Revenue)<br>Series 2021-A<br>2.00%, 05/15/2045 | 2945 | 2915199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.591%, 05/15/2036 | 2000 | 1629817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.917%, 05/15/2040 | 1000 | 770871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>3.971% (SOFR + 1.05%), 04/01/2026<sup>(a)</sup> | 6000 | 5999637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 11/15/2035 | 3000 | 3361732 |
|  Triborough Bridge & Tunnel Authority<br> (Triborough Bridge & Tunnel Authority)<br>Series 2025-A<br>5.00%, 03/01/2028 | 1000 | 1064389 |
|  |  | 115883015 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **North Carolina – 0.2%** |  |  |
|  Cumberland County Industrial Facilities & Pollution Control Financing Authority<br> (American Titanium Metal)<br>Series 2024<br>3.75%, 12/01/2027 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $2000384 |
|  Fayetteville State University<br> (Fayetteville State University)<br>Series 2023<br>5.00%, 04/01/2032<sup>(b)</sup> | 655 | 706996 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2707380 |
|  **Ohio – 2.6%** |  |  |
|  American Municipal Power, Inc.<br> (American Municipal Power Combined Hydroelectric Revenue)<br>Series 2016-A<br>5.00%, 02/15/2036 | 5000 | 5035139 |
|  City of Chillicothe OH<br> (Adena Health System Obligated Group)<br>Series 2017<br>5.00%, 12/01/2037 | 3385 | 3412296 |
|  Columbus Regional Airport Authority<br> (Columbus Regional Airport Authority)<br>Series 2025<br>5.00%, 01/01/2037 | 1125 | 1176021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/01/2044 | 2000 | 2028434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/01/2045 | 1430 | 1444005 |
|  County of Hamilton OH<br> (Christ Hospital Obligated Group)<br>Series 2023<br>5.00%, 06/01/2042 | 1000 | 981525 |
|  County of Washington OH<br> (Marietta Area Health Care Obligated Group)<br>Series 2022<br>6.375%, 12/01/2037 | 2000 | 2093468 |
|  Ohio Higher Educational Facility Commission<br> (University of Dayton)<br>Series 2022<br>5.00%, 02/01/2038 | 1250 | 1307882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2039 | 3860 | 4010000 |
|  Port of Greater Cincinnati Development Authority<br> (Port of Greater Cincinnati Development Authority)<br>Series 2025-A<br>6.50%, 01/01/2045<sup>(b)</sup> | 1000 | 988703 |
|  Reynoldsburg City School District<br> (Reynoldsburg City School District)<br>Series 2013<br>4.919%, 09/01/2030 | 885 | 909242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014<br>4.939%, 09/01/2032 | 910 | 938045 |
|  State of Ohio<br> (Cleveland Clinic Health System Obligated Group)<br>Series 2024<br>5.00%, 01/01/2035 | 3400 | 3785998 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  University of Toledo<br> (University of Toledo)<br>Series 2023-B<br>3.91% (SOFR + 0.90%), 06/01/2036<sup>(a) (b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;9525 | $9406141 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37516899 |
|  **Oklahoma – 0.5%** |  |  |
|  Oklahoma Development Finance Authority<br> (Oklahoma Development Finance Authority)<br>Series 2022<br>4.38%, 11/01/2045 | 2500 | 2325829 |
|  Oklahoma Development Finance Authority<br> (OU Medicine Obligated Group)<br>Series 2022-A<br>5.50%, 08/15/2037 | 2000 | 2042627 |
|  Oklahoma Turnpike Authority<br> (Oklahoma Turnpike Authority)<br>Series 2025-A<br>5.00%, 01/01/2045 | 2000 | 2048670 |
|  Tulsa Municipal Airport Trust Trustees/OK<br> (American Airlines, Inc.)<br>Series 2025<br>6.25%, 12/01/2035 | 1000 | 1104088 |
|  |  | 7521214 |
|  **Oregon – 0.8%** |  |  |
|  Deschutes County Hospital Facilities Authority<br> (St. Charles Health System Obligated Group)<br>Series 2016-A<br>4.00%, 01/01/2033 | 1000 | 1000094 |
|  Oregon Health & Science University<br> (Oregon Health & Science University Obligated Group)<br>Series 2021-B<br>5.00%, 07/01/2046 | 4750 | 5108808 |
|  Port of Portland OR Airport Revenue<br> (Port of Portland OR Airport Revenue)<br>Series 2022-2<br>4.00%, 07/01/2040 | 3175 | 2908916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.25%, 07/01/2041 | 2175 | 2235903 |
|  |  | 11253721 |
|  **Other – 0.6%** |  |  |
|  Federal Home Loan Mortgage Corp. Multifamily ML Certificates<br> (FRETE 2024-ML22)<br>Series 2024-ML22, Class AUS<br>4.546%, 10/25/2040 | 2478 | 2496314 |
|  Federal Home Loan Mortgage Corp. Multifamily ML Certificates<br> (FRETE 2024-ML23)<br>Series 2024-ML23, Class AUS<br>4.563%, 04/25/2042<sup>(b)</sup> | 1995 | 1969476 |
|  Federal Home Loan Mortgage Corp. Multifamily VRD Certificates<br> (FHLM)<br>4.759%, 08/25/2041 | 1993 | 1987772 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Federal Home Loan Mortgage Corp. Multifamily VRD Certificates<br> (FHLMC Multifamily VRD Certificates)<br>Series 2025-M<br>4.095%, 11/25/2042 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1946 | $1896642 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8350204 |
|  **Pennsylvania – 5.9%** |  |  |
|  Allegheny County Hospital Development Authority<br> (UPMC Obligated Group)<br>Series 2022<br>2.99% (MUNIPSA + 0.70%), 11/15/2047<sup>(a)</sup> | 5000 | 4946248 |
|  Berks County Municipal Authority (The)<br> (Tower Health Obligated Group)<br>Series 2024<br>0.00%, 06/30/2044<sup>(h)</sup> | 933 | 670912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/30/2039 | 2200 | 1992367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/30/2034 | 325 | 330118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>6.00%, 06/30/2034 | 155 | 161870 |
|  Bucks County Industrial Development Authority<br> (Grand View Hospital/Sellersville PA Obligated Group)<br>Series 2021<br>5.00%, 07/01/2032 | 1150 | 1211070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2033 | 1150 | 1202098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2034 | 1300 | 1350343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2035 | 1050 | 1083541 |
|  Chester County Industrial Development Authority<br> (Collegium Charter School)<br>Series 2022<br>5.00%, 10/15/2032<sup>(b)</sup> | 845 | 845788 |
|  City of Philadelphia PA<br> (City of Philadelphia PA)<br>Series 2017<br>5.00%, 08/01/2028 | 12990 | 13538887 |
|  Hospitals & Higher Education Facilities Authority of Philadelphia (The)<br> (Temple University Health System Obligated Group)<br>AG Series 2022<br>4.00%, 07/01/2040 | 10000 | 9240402 |
|  Lancaster County Hospital Authority/PA<br> (St. Anne's Retirement Community Obligated Group)<br>Series 2022<br>5.00%, 03/01/2033 | 1600 | 1545472 |
|  Montgomery County Higher Education & Health Authority<br> (Thomas Jefferson University Obligated Group)<br>Series 2018<br>5.00%, 09/01/2034 | 1500 | 1547225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>4.00%, 05/01/2036 | 1100 | 1056929 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Pennsylvania Economic Development Financing Authority<br> (PA Bridges Finco LP)<br>Series 2015<br>5.00%, 06/30/2042 | $1000 | $969585 |
|  Pennsylvania Economic Development Financing Authority<br> (UPMC Obligated Group)<br>Series 2022-C<br>2.99% (MUNIPSA + 0.70%), 11/15/2047<sup>(a)</sup> | 5000 | 4969810 |
|  Pennsylvania State University (The)<br> (Pennsylvania State University)<br>Series 2025<br>5.00%, 09/01/2044 | 2550 | 2652815 |
|  Pennsylvania Turnpike Commission<br> (Pennsylvania Turnpike Commission)<br>Series 2016<br>5.00%, 06/01/2026 | 2000 | 2014203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>5.00%, 12/01/2028 | 1750 | 1840002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2029 | 1255 | 1316912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>3.00%, 12/01/2042 | 1245 | 966055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B<br>4.00%, 12/01/2039 | 2000 | 1901493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>5.00%, 12/01/2036 | 1000 | 1082595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 12/01/2038 | 5800 | 6189784 |
|  Philadelphia Authority for Industrial Development<br> (MaST Community Charter School III)<br>Series 2021<br>5.00%, 08/01/2040 | 1000 | 959880 |
|  Pittsburgh Water & Sewer Authority<br> (Pittsburgh Water & Sewer Authority)<br>AG Series 2023-C<br>3.852% (SOFR + 0.80%), 09/01/2040<sup>(a) (b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;10000 | 9921189 |
|  School District of Philadelphia (The)<br> (School District of Philadelphia/The)<br>Series 2016-F<br>5.00%, 09/01/2034 | 5000 | 5076413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A<br>5.25%, 09/01/2039 | 2000 | 2123399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/2043 | 4000 | 4127135 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86834540 |
|  **Puerto Rico – 0.2%** |  |  |
|  Commonwealth of Puerto Rico<br> (Commonwealth of Puerto Rico)<br>Series 2022-C<br>Zero Coupon, 11/01/2043 | 17 | 10375 |
|  Puerto Rico Commonwealth Aqueduct & Sewer Authority<br> (Puerto Rico Commonwealth Aqueduct & Sewer Authority)<br>Series 2021-C<br>3.50%, 07/01/2026<sup>(b)</sup> | 2000 | 1939906 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Puerto Rico Electric Power Authority<br> (Puerto Rico Electric Power Authority)<br>AG Series 2007-V<br>5.25%, 07/01/2031 | $970 | $972654 |
|  |  | 2922935 |
|  **Rhode Island – 0.2%** |  |  |
|  Rhode Island Health & Educational Building Corp.<br> (City of Newport RI)<br>Series 2022-C<br>4.00%, 05/15/2040 | 3435 | 3270217 |
|  **South Carolina – 1.2%** |  |  |
|  Columbia Housing Authority/SC<br>(Garden Lakes Apartments)<br>Series 2022<br>5.26%, 11/01/2032 | 100 | 98099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 11/01/2039 | 1315 | 1217934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.28%, 11/01/2039 | 100 | 92995 |
|  Last Step Recycling LLC<br> (Last Step Recycling LLC)<br>9.50%, 12/15/2028<sup>(c) (i) (j) (k)</sup> | 373 | 372695 |
|  South Carolina Jobs-Economic Development Authority<br> (Last Step Recycling LLC)<br>Series 2021<br>6.25%, 06/01/2040<sup>(c) (d) (e)</sup> | 1000 | 110000 |
|  South Carolina Jobs-Economic Development Authority<br> (Novant Health Obligated Group)<br>Series 2024<br>4.50%, 11/01/2054 | 2000 | 1784437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/01/2044 | 2500 | 2555168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/01/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | 2570562 |
|  South Carolina Public Service Authority<br> (South Carolina Public Service Authority)<br>Series 2016-A<br>5.00%, 12/01/2034 | 1000 | 1003851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2036 | 1535 | 1536328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>5.00%, 12/01/2037 | 5040 | 5041284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C<br>5.00%, 12/01/2035 | 930 | 932248 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17315601 |
|  **Tennessee – 2.2%** |  |  |
|  Bristol Industrial Development Board<br>(Bristol Industrial Development Board Sales Tax)<br>Series 2016-A<br>5.00%, 12/01/2035<sup>(b)</sup> | 1410 | 1331504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>Zero Coupon, 12/01/2031<sup>(b)</sup> | 1000 | 701842 |
|  Knox County Industrial Development Board<br> (Tompaul Knoxville LLC)<br>Series 2022<br>8.75%, 11/01/2032<sup>(c)</sup> | 1000 | 1011918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 11/01/2042<sup>(c)</sup> | 1000 | 975326 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Memphis-Shelby County Airport Authority<br> (Memphis-Shelby County Airport Authority)<br>Series 2021-A<br>5.00%, 07/01/2045 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3120 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3047940 |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board<br> (Vanderbilt University Medical Center Obligated Group)<br>Series 2024<br>5.00%, 07/01/2034 |  | 2000 |  | 2184778 |
|  Metropolitan Nashville Airport Authority (The)<br> (Metropolitan Nashville Airport Authority/The)<br>Series 2022-B<br>5.50%, 07/01/2037 |  | 1000 |  | 1075782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2038 |  | 1300 |  | 1386811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2042 |  | 1485 |  | 1538999 |
|  Tennergy Corp./TN (Morgan Stanley)<br>Series 2021-A<br>4.00%, 12/01/2051 |  | 9015 |  | 9062559 |
|  Tennergy Corp./TN (Nomura Holdings, Inc.)<br>Series 2022-A<br>5.50%, 10/01/2053 |  | 5000 |  | 5210997 |
|  Tennessee Energy Acquisition Corp.<br> (Goldman Sachs Group)<br>Series 2023-A<br>5.00%, 05/01/2053 |  | 4000 |  | 4121494 |
|  Wilson County Health & Educational Facilities Board<br> (Limestone Trail Apartments)<br>Series 2021<br>4.00%, 12/01/2039 |  | 995 |  | 748579 |
|  |  |  |  | 32398529 |
|  **Texas – 5.5%** | **Texas – 5.5%** | **Texas – 5.5%** | **Texas – 5.5%** | **Texas – 5.5%** |
|  Central Texas Regional Mobility Authority<br> (Central Texas Regional Mobility Authority)<br>Series 2021-B<br>5.00%, 01/01/2034 |  | 1575 |  | 1687181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2037 |  | 1675 |  | 1759466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2039 |  | 1000 |  | 1036743 |
|  Central Texas Turnpike System<br> (Central Texas Turnpike System)<br>Series 2024-A<br>5.00%, 08/15/2038 |  | 1000 |  | 1061278 |
|  City of Austin TX Airport System Revenue<br> (City of Austin TX Airport System Revenue)<br>Series 2022<br>5.00%, 11/15/2042 |  | 2500 |  | 2493052 |
|  City of Houston TX Airport System Revenue<br> (City of Houston TX Airport System Revenue)<br>Series 2025-A<br>5.25%, 07/01/2038<sup>(g)</sup> |  | 1000 |  | 1058424 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2023<br>5.00%, 07/01/2033 |  | 4000 |  | 4332423 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  City of Houston TX Airport System Revenue<br> (United Airlines, Inc.)<br>Series 2024-B<br>5.25%, 07/15/2034 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6232485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/15/2036 | 2495 | 2612944 |
|  City of Houston TX Combined Utility System Revenue<br> (City of Houston TX Combined Utility System Revenue)<br>Series 2018-D<br>5.00%, 11/15/2043 | 1780 | 1792016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B<br>4.00%, 11/15/2039 | 1015 | 965465 |
|  City of San Antonio TX Electric & Gas Systems Revenue<br> (City of San Antonio TX Electric & Gas Systems Revenue)<br>Series 2021-A<br>5.00%, 02/01/2038 | 1750 | 1809811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2039 | 2000 | 2051699 |
|  Conroe Local Government Corp.<br> (Conroe Local Govt Conroe Convention Center Hotel)<br>Series 2021<br>4.00%, 10/01/2041 | 905 | 806476 |
|  El Paso Independent School District<br> (Prerefunded - US Govt Agencies)<br>Series 2015<br>5.00%, 08/15/2031 | 1835 | 1836651 |
|  Grand Parkway Transportation Corp.<br> (Grand Parkway Transportation)<br>Series 2018-A<br>5.00%, 10/01/2043 | 6090 | 6105343 |
|  Harris County Cultural Education Facilities Finance Corp.<br> (Memorial Hermann Health System Obligated Group)<br>Series 2022<br>3.14% (MUNIPSA + 0.85%), 07/01/2049<sup>(a)</sup> | 2885 | 2886158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 07/01/2034 | 2000 | 2208689 |
|  Longview Independent School District<br> (Prerefunded - US Treasuries)<br>Series 2017<br>4.00%, 02/15/2035 | 1625 | 1672566 |
|  Lower Colorado River Authority<br> (LCRA Transmission Services)<br>Series 2021<br>5.00%, 05/15/2029 | 800 | 864273 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Buckingham Senior Living Community Obligated Group)<br>Series 2021<br>2.00%, 11/16/2061<sup>(d) (e) (h)</sup> | 964 | 243837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/15/2036<sup>(d) (e)</sup> | 225 | 183643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/15/2037<sup>(d) (e)</sup> | 35 | 27346 |

---

------

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Dwyer Workforce Development)<br>Series 2023<br>8.50%, 09/01/2027<sup>(c)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1180 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1181074 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Morningside Ministries Obligated Group)<br>Series 2022<br>4.00%, 01/01/2042 | 1825 | 1418706 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (SLF CHP LLC)<br>Series 2025<br>5.75%, 07/01/2035<sup>(b)</sup> | 1000 | 972770 |
|  North Texas Tollway Authority<br> (North Texas Tollway System)<br>Series 2021-B<br>4.00%, 01/01/2032 | 1080 | 1097929 |
|  Plano Independent School District<br> (Plano Independent School District)<br>Series 2023<br>5.00%, 02/15/2043 | 1260 | 1290462 |
|  Port of Beaumont Industrial Development Authority<br> (Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2021<br>4.10%, 01/01/2028<sup>(b)</sup> | 1000 | 883829 |
|  Port of Beaumont Navigation District<br> (Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2024<br>10.00%, 07/01/2026<sup>(b)</sup> | 1000 | 1004375 |
|  Port of Beaumont Navigation District<br> (Jefferson Railport Terminal II)<br>Series 2021<br>2.00%, 01/01/2027<sup>(b)</sup> | 550 | 532959 |
|  San Antonio Water System<br> (San Antonio Water System)<br>Series 2022-B<br>5.25%, 05/15/2052 | 2160 | 2194511 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (CHRISTUS Health Obligated Group)<br>Series 2018-A<br>5.00%, 07/01/2030 | 2465 | 2614731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2031 | 10940 | 11524777 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Tarrant County Cultural Education Facilities Finance)<br>5.00%, 11/15/2025<sup>(d) (e) (j) (k)</sup> | 904 | 0 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Texas Health Resources Obligated Group)<br>Series 2025-A<br>5.00%, 11/15/2039<sup>(g)</sup> | 1000 | 1059264 |

---

------

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Texas Municipal Gas Acquisition & Supply Corp. IV<br> (BP PLC)<br>Series 2023-A<br>5.50%, 01/01/2054 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5790 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6161768 |
|  Texas Municipal Gas Acquisition & Supply Corp. V<br> (Bank of America Corp.)<br>Series 2024<br>5.00%, 01/01/2055 | 2000 | 2104900 |
|  Texas State University System<br> (Texas State University System)<br>Series 2024<br>5.00%, 03/15/2043 | 1000 | 1025566 |
|  |  | 80795590 |
|  **Utah – 0.4%** |  |  |
|  City of Salt Lake City UT Airport Revenue<br> (City of Salt Lake City UT Airport Revenue)<br>Series 2023-A<br>5.00%, 07/01/2034 | 1400 | 1501134 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.25%, 07/01/2043<sup>(g)</sup> | 1475 | 1499601 |
|  Intermountain Power Agency<br> (Intermountain Power Agency)<br>Series 2023<br>5.00%, 07/01/2039 | 2000 | 2068951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 07/01/2039 | 1000 | 1038658 |
|  Utah Housing Corp.<br> (Utah Housing Corp.)<br>Series 2020<br>4.58%, 01/01/2040<sup>(b) (h)</sup> | 453 | 373256 |
|  |  | 6481600 |
|  **Virginia – 0.8%** |  |  |
|  Chesterfield County Economic Development Authority<br> (County of Chesterfield VA)<br>Series 2024<br>5.00%, 04/01/2042 | 2000 | 2074825 |
|  Federal Home Loan Mortgage Corp. VA FEDMFH<br> (FMMV M052)<br>Series M052, Class A<br>2.65%, 06/15/2036 | 3595 | 3110306 |
|  US Bank Trust Co. NA<br> (Park Landing LP)<br>Series 2022-B<br>5.90%, 08/01/2052 | 1670 | 1463583 |
|  Virginia College Building Authority<br> (Washington & Lee University)<br>Series 2021<br>3.00%, 01/01/2040 | 1000 | 808810 |
|  Virginia Public Building Authority<br> (Commonwealth of Virginia State Lease)<br>Series 2024-A<br>5.00%, 08/01/2044 | 1085 | 1124075 |

---

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Virginia Public Building Authority<br> (Virginia Public Building Authority State Lease)<br>Series 2025<br>5.00%, 08/01/2040 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2134476 |
|  Virginia Small Business Financing Authority<br> (Pure Salmon Virginia LLC)<br>Series 2024<br>4.00%, 11/01/2052 | 1000 | 1000626 |
|  |  | 11716701 |
|  **Washington – 3.1%** |  |  |
|  Port of Seattle WA<br> (Port of Seattle WA)<br>Series 2018-A<br>5.00%, 05/01/2029 | 8280 | 8506485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2030 | 6200 | 6356832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2038 | 1000 | 1007033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>4.00%, 08/01/2041 | 13380 | 11723442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.25%, 07/01/2043 | 1835 | 1865821 |
|  State of Washington<br> (State of Washington)<br>Series 2017<br>5.00%, 08/01/2030 | 1710 | 1786551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R<br>5.00%, 08/01/2025 | 7000 | 7000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.00%, 02/01/2045 | 3000 | 3071225 |
|  Washington State Housing Finance Commission<br> (Presbyterian Retirement Communities Northwest Obligated Group)<br>Series 2016<br>5.00%, 01/01/2036<sup>(b)</sup> | 2125 | 2126502 |
|  Washington State Housing Finance Commission<br> (WSHFC 2021-1)<br>Series 2021-1, Class A<br>3.50%, 12/20/2035 | 936 | 879456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class X<br>0.727%, 12/20/2035<sup>(f)</sup> | 938 | 36558 |
|  Washington State Housing Finance Commission<br> (WSHFC 2024-1)<br>Series 2024-1, Class A<br>4.085%, 03/01/2050 | 995 | 915073 |
|  |  | 45274978 |
|  **West Virginia – 0.3%** |  |  |
|  City of South Charleston WV<br> (City of South Charleston WV South Charleston Park Place Excise Tax District)<br>Series 2022<br>4.25%, 06/01/2042<sup>(b)</sup> | 1180 | 920439 |
|  Tobacco Settlement Finance Authority/WV<br> (Tobacco Settlement Finance Authority/WV)<br>Series 2020<br>4.875%, 06/01/2049 | 1740 | 1565714 |

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  West Virginia Economic Development Authority<br> (Wyoming County Coal LLC)<br>Series 2023<br>9.00%, 06/01/2038<sup>(c)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250000 |
|  |  | 4736153 |
|  **Wisconsin – 1.4%** |  |  |
|  St. Croix Chippewa Indians of Wisconsin<br> (St. Croix Chippewa Indians of Wisconsin)<br>Series 2021<br>5.00%, 09/30/2041<sup>(b)</sup> | 1000 | 857710 |
|  Wisconsin Health & Educational Facilities Authority<br> (Advocate Aurora Health Obligated Group)<br>Series 2023<br>5.00%, 08/15/2054 | 1000 | 1015978 |
|  Wisconsin Health & Educational Facilities Authority<br> (Chiara Housing & Services Obligated Group)<br>Series 2024<br>5.00%, 07/01/2035 | 960 | 957026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>6.375%, 07/01/2045 | 1000 | 1015678 |
|  Wisconsin Housing & Economic Development Authority<br> (Roers Sun Prairie Apartments Owner)<br>Series 2022<br>4.625%, 03/15/2040<sup>(b)</sup> | 280 | 237006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>3.875%, 12/01/2039<sup>(b)</sup> | 1285 | 1080044 |
|  Wisconsin Public Finance Authority<br> (Absolute Awakenings)<br>Series 2025-A<br>6.00%, 01/01/2035<sup>(b)</sup> | 1045 | 1066235 |
|  Wisconsin Public Finance Authority<br> (Alpha Ranch Water Control & Improvement District of Denton & Wise Counties)<br>Series 2024<br>Zero Coupon, 12/15/2038<sup>(b)</sup> | 1000 | 448059 |
|  Wisconsin Public Finance Authority<br> (Catholic Bishop of Chicago/The)<br>Series 2021<br>5.75%, 07/25/2041<sup>(c)</sup> | 5000 | 4493851 |
|  Wisconsin Public Finance Authority<br> (CFC-SA LLC)<br>Series 2022<br>5.50%, 02/01/2042<sup>(b)</sup> | 3100 | 3132530 |
|  Wisconsin Public Finance Authority<br> (National Senior Communities Obligated Group)<br>Series 2022<br>4.00%, 01/01/2042 | 1375 | 1204722 |
|  Wisconsin Public Finance Authority<br> (Prerefunded - US Treasuries)<br>Series 2022<br>4.00%, 04/01/2032<sup>(b)</sup> | 15 | 15491 |

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (Puerto Rico Tollroads LLC)<br>Series 2024<br>5.50%, 07/01/2044 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | $1504014 |
|  Wisconsin Public Finance Authority<br> (Renown Regional Medical Center Obligated Group)<br>Series 2020<br>4.00%, 06/01/2035 | 1220 | 1196312 |
|  Wisconsin Public Finance Authority<br> (Signorelli Projects)<br>Series 2024<br>5.375%, 12/15/2032<sup>(b)</sup> | 900 | 899979 |
|  Wisconsin Public Finance Authority<br> (UNC Health Appalachian Obligated Group)<br>Series 2021<br>5.00%, 07/01/2035 | 300 | 303811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2036 | 350 | 352454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2038 | 375 | 371360 |
|  Wisconsin Public Finance Authority<br> (Wisconsin Public Finance Authority-MF Affordable Housing)<br>Series 2024-1<br>4.10%, 09/25/2039 | 995 | 927060 |
|  |  | 21079320 |
|  Total Long-Term Municipal Bonds<br>(cost $1,380,225,337) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1334920547 |
|  **Short-Term Municipal Notes – 4.0%** |  |  |
|  **Arizona – 0.0%** |  |  |
|  Arizona Industrial Development Authority<br> (Phoenix Children's Hospital)<br>Series 2024<br>2.75%, 02/01/2048<sup>(l)</sup> | 565 | 565000 |
|  **California – 0.6%** |  |  |
|  City of Los Angeles CA<br> (City of Los Angeles CA)<br>Series 2025<br>5.00%, 06/25/2026 | 7425 | 7603305 |
|  Nuveen California AMT-Free Quality Municipal Income Fund<br> (Nuveen California AMT-Free Quality Municipal Income Fund)<br>Series 2017<br>2.74%, 10/01/2047<sup>(b) (l)</sup> | 1000 | 1000000 |
|  |  | 8603305 |
|  **Idaho – 0.2%** |  |  |
|  Idaho Health Facilities Authority<br> (St. Luke's Health System Obligated Group/ID)<br>Series 2025<br>2.75%, 03/01/2060<sup>(l)</sup> | 2600 | 2600000 |

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------

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  **Michigan – 0.2%** |  |  |
|  Green Lake Township Economic Development Corp.<br> (Interlochen Center for the Arts)<br>Series 2023<br>2.80%, 06/01/2034<sup>(l)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400 | $2400000 |
|  Oakland University<br> (Oakland University)<br>Series 2010<br>2.00%, 03/01/2031<sup>(l)</sup> | 1000 | 1000000 |
|  |  | 3400000 |
|  **New York – 1.4%** |  |  |
|  City of New York NY<br> (City of New York NY)<br>Series 2008-L<br>2.80%, 04/01/2038<sup>(l)</sup> | 3000 | 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-D<br>2.75%, 08/01/2040<sup>(l)</sup> | 3600 | 3600000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 08/01/2025 | 2590 | 2590000 |
|  Town of Oyster Bay NY<br> (Town of Oyster Bay NY)<br>Series 2024<br>4.00%, 08/21/2025 | 3470 | 3472490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>4.00%, 03/06/2026 | 3420 | 3446859 |
|  Triborough Bridge & Tunnel Authority<br> (Triborough Bridge & Tunnel Authority)<br>Series 2025<br>3.27% (MUNIPSA + 0.98%), 05/01/2026<sup>(a)</sup> | 4800 | 4800000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20909349 |
|  **North Carolina – 0.1%** |  |  |
|  Charlotte-Mecklenburg Hospital Authority (The)<br> (Atrium Health Obligated Group)<br>AG Series 2017-E<br>2.75%, 01/15/2044<sup>(l)</sup> | 1595 | 1595000 |
|  **Oregon – 0.3%** |  |  |
|  Oregon State Facilities Authority<br> (PeaceHealth Obligated Group)<br>Series 2018-A<br>2.80%, 08/01/2034<sup>(l)</sup> | 700 | 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B<br>2.70%, 08/01/2034<sup>(l)</sup> | 4050 | 4050000 |
|  |  | 4750000 |
|  **Other – 0.6%** |  |  |
|  Nuveen AMT-Free Municipal Credit Income Fund<br> (Nuveen AMT-Free Municipal Credit Income Fund)<br>Series 2019<br>2.74%, 03/01/2029<sup>(l)</sup> | 4000 | 4000000 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Nuveen AMT-Free Quality Municipal Income Fund<br> (Nuveen AMT-Free Quality Municipal Income Fund)<br>Series 2021<br>2.74%, 03/01/2029<sup>(l)</sup> | $| 4800 | $| 4800000 |
|  |  |  |  | 8800000 |
|  **South Carolina – 0.4%** |  |  |  |  |
|  Orangeburg County School District<br> (Orangeburg County School District)<br>Series 2024<br>5.00%, 08/13/2025 |  | 2400 |  | 2401760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 08/13/2026<sup>(g)</sup> |  | 3000 |  | 3069984 |
|  |  |  |  | 5471744 |
|  **Virginia – 0.2%** |  |  |  |  |
|  Hampton Roads Sanitation District<br> (Hampton Roads Sanitation District)<br>Series 2025-A<br>5.00%, 07/15/2026 |  | 2000 |  | 2043012 |
|  Total Short-Term Municipal Notes<br>(cost $58,674,541) |  |  |  | 58737410 |
|  Total Municipal Obligations<br>(cost $1,438,899,878) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1393657957 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.1%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.1%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.1%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.1%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.1%** |
|  **Agency CMBS – 0.3%** | **Agency CMBS – 0.3%** | **Agency CMBS – 0.3%** | **Agency CMBS – 0.3%** | **Agency CMBS – 0.3%** |
|  Federal Home Loan Mortgage Corp. Multifamily ML Certificates<br>Series 2021-ML10, Class ACA<br>2.046%, 06/25/2038 |  | 947 |  | 769528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-ML12, Class AUS<br>2.34%, 07/25/2041 |  | 2397 |  | 1949649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-ML13, Class XCA<br>0.958%, 07/25/2036<sup>(f)</sup> |  | 1118 |  | 59510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-ML13, Class XUS<br>0.985%, 09/25/2036<sup>(f)</sup> |  | 2003 |  | 132926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-ML24, Class AUS<br>4.156%, 05/25/2041 |  | 1981 |  | 1871286 |
|  |  |  |  | 4782899 |
|  **Non-Agency Fixed Rate CMBS – 0.8%** |  |  |  |  |
|  Illinois Housing Development Authority<br>Series 2019-B, Class 1<br>3.87%, 11/15/2035<sup>(b)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;12260 |  | 10911715 |
|  New Hampshire Business Finance Authority<br>Series 2022-2, Class X<br>0.675%, 10/01/2036<sup>(f)</sup> |  | 4816 |  | 204910 |
|  Washington State Housing Finance Commission<br>Series 2023-1, Class X<br>1.45%, 04/20/2037<sup>(f)</sup> |  | 2951 |  | 289686 |
|  |  |  |  | 11406311 |
|  Total Commercial Mortgage-Backed Securities<br>(cost $19,895,196) | Total Commercial Mortgage-Backed Securities<br>(cost $19,895,196) | Total Commercial Mortgage-Backed Securities<br>(cost $19,895,196) |  | 16189210 |

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------

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  **CORPORATES - INVESTMENT GRADE – 0.4%** | **CORPORATES - INVESTMENT GRADE – 0.4%** | **CORPORATES - INVESTMENT GRADE – 0.4%** |
|  **Industrial – 0.4%** | **Industrial – 0.4%** | **Industrial – 0.4%** |
|  **Consumer Non-Cyclical – 0.4%** | **Consumer Non-Cyclical – 0.4%** | **Consumer Non-Cyclical – 0.4%** |
|  Baylor Scott & White Holdings<br>Series 2021<br>0.827%, 11/15/2025 | $1000 | $984370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.777%, 11/15/2030 | 1000 | 874320 |
|  Hackensack Meridian Health, Inc.<br>Series 2020<br>2.675%, 09/01/2041 | 1790 | 1245679 |
|  Ochsner LSU Health System of North Louisiana<br>Series 2021<br>2.51%, 05/15/2031 | 2300 | 1890600 |
|  Sutter Health<br>Series 20A<br>3.161%, 08/15/2040 | 1000 | 767710 |
|  Total Corporates - Investment Grade<br>(cost $7,062,077) |  | 5762679 |
|  **CORPORATES - NON-INVESTMENT GRADE – 0.2%** | **CORPORATES - NON-INVESTMENT GRADE – 0.2%** | **CORPORATES - NON-INVESTMENT GRADE – 0.2%** |
|  **Industrial – 0.2%** | **Industrial – 0.2%** | **Industrial – 0.2%** |
|  **Communications - Media – 0.2%** | **Communications - Media – 0.2%** | **Communications - Media – 0.2%** |
|  CCO Holdings LLC/CCO Holdings Capital Corp.<br>4.25%, 01/15/2034<sup>(b)</sup> | 1933 | 1667638 |
|  DISH DBS Corp.<br>5.25%, 12/01/2026<sup>(b)</sup> | 959 | 902006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/2028<sup>(b)</sup> | 996 | 888930 |
|  Total Corporates - Non-Investment Grade<br>(cost $3,887,598) |  | 3458574 |
|  | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 0.3%** | **SHORT-TERM INVESTMENTS – 0.3%** | **SHORT-TERM INVESTMENTS – 0.3%** |
|  **Investment Companies – 0.3%** | **Investment Companies – 0.3%** | **Investment Companies – 0.3%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(m) (n) (o)</sup><br>(cost $3,788,222) | 3788222 | 3788222 |
|  **Total Investments – 96.8%**<br> (cost $1,473,532,971)<sup>(p)</sup> | **Total Investments – 96.8%**<br> (cost $1,473,532,971)<sup>(p)</sup> | 1422856642 |
|  Other assets less liabilities – 3.2% | Other assets less liabilities – 3.2% | 47499123 |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**1470355765** |

---

------

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>July 31,<br>2025** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 44, 5 Year Index, 06/20/2030\* | (5.00)% | Quarterly | 3.22% | USD | 19610 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1531666) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(888143) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(643523) |

---

*\** *Termination date* 

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | **Payment<br>Frequency<br>Paid/<br>Received** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 19310 | 01/15/2028 | 1.230% | CPI# | Maturity | $4084952 | $— | $4084952 |
| USD | 14770 | 01/15/2028 | 0.735% | CPI# | Maturity | 3697211 |  | 3697211 |
| USD | 12000 | 08/29/2029 | 1.748% | CPI# | Maturity | 2181072 |  | 2181072 |
| USD | 4825 | 01/15/2030 | 1.572% | CPI# | Maturity | 952784 |  | 952784 |
| USD | 4825 | 01/15/2030 | 1.587% | CPI# | Maturity | 945677 |  | 945677 |
| USD | 1670 | 01/15/2030 | 1.714% | CPI# | Maturity | 306354 |  | 306354 |
| USD | 1670 | 01/15/2030 | 1.731% | CPI# | Maturity | 303530 |  | 303530 |
| USD | 7850 | 01/15/2031 | 2.782% | CPI# | Maturity | 658654 |  | 658654 |
| USD | 6150 | 01/15/2031 | 2.680% | CPI# | Maturity | 581671 |  | 581671 |
| USD | 5000 | 04/01/2036 | 2.438% | CPI# | Maturity | 538962 |  | 538962 |
| USD | 32000 | 04/29/2036 | 2.503% | CPI# | Maturity | 3100827 |  | 3100827 |
| USD | 10000 | 05/01/2036 | 2.510% | CPI# | Maturity | 957243 |  | 957243 |
| USD | 10000 | 08/03/2036 | 2.488% | CPI# | Maturity | 850923 |  | 850923 |
| USD | 20000 | 08/06/2036 | 2.440% | CPI# | Maturity | 1816255 |  | 1816255 |
| USD | 40000 | 10/04/2036 | 2.510% | CPI# | Maturity | 2836011 |  | 2836011 |
| USD | 25000 | 02/15/2045 | 2.388% | CPI# | Maturity | 372251 | 57297 | 314954 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24184377 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57297 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24127080 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | **Payment<br>Frequency<br>Paid/<br>Received** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 2800 | 10/15/2030 | 1 Day SOFR | 4.082% | Annual | $58766 | $— | $58766 |
| USD | 14400 | 03/31/2033 | 3.553% | 1 Day SOFR | Annual | 207263 |  | 207263 |
| USD | 15700 | 08/15/2034 | 3.264% | 1 Day SOFR | Annual | 811738 | 432 | 811306 |
| USD | 8600 | 08/15/2034 | 3.304% | 1 Day SOFR | Annual | 427459 |  | 427459 |
| USD | 6700 | 08/15/2034 | 3.272% | 1 Day SOFR | Annual | 336425 |  | 336425 |
| USD | 6354 | 08/15/2034 | 3.844% | 1 Day SOFR | Annual | 430 |  | 430 |
| USD | 2466 | 08/15/2034 | 3.856% | 1 Day SOFR | Annual | (2314) |  | (2314) |
| USD | 14000 | 02/15/2035 | 3.747% | 1 Day SOFR | Annual | 97195 | (3396) | 100591 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1936962 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2964) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1939926 |

---

------

**INFLATION (CPI) SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| **Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | **Payment<br>Frequency<br>Paid/<br>Received** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Bank of America NA | USD | 23000 | 04/15/2026 | 2.535% | CPI# | Maturity | $145652 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $145652 |
| Bank of America NA | USD | 145000 | 07/15/2030 | 2.730% | CPI# | Maturity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2344528 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2344528 |
| Bank of America NA | USD | 25000 | 02/02/2032 | 2.403% | CPI# | Maturity | 2715703 |  | 2715703 |
| Bank of America NA | USD | 50000 | 02/15/2041 | 2.403% | CPI# | Maturity | 1313984 |  | 1313984 |
| Bank of America NA | USD | 9500 | 02/15/2041 | 2.463% | CPI# | Maturity | 167039 |  | 167039 |
| Bank of America NA | USD | 20000 | 02/15/2045 | 2.359% | CPI# | Maturity | 453928 |  | 453928 |
| Bank of America NA | USD | 16500 | 02/15/2046 | 2.429% | CPI# | Maturity | 188091 |  | 188091 |
| Bank of America NA | USD | 11500 | 02/15/2046 | 2.442% | CPI# | Maturity | 106955 |  | 106955 |
| Barclays Bank PLC | USD | 16000 | 04/15/2026 | 2.218% | CPI# | Maturity | 202314 |  | 202314 |
| Barclays Bank PLC | USD | 20000 | 06/06/2032 | 2.145% | CPI# | Maturity | 2997273 |  | 2997273 |
| Barclays Bank PLC | USD | 14000 | 09/01/2032 | 2.128% | CPI# | Maturity | 2173184 |  | 2173184 |
| Barclays Bank PLC | USD | 22000 | 08/29/2033 | 2.368% | CPI# | Maturity | 2378028 |  | 2378028 |
| Citibank NA | USD | 18000 | 04/15/2026 | 2.155% | CPI# | Maturity | 250106 |  | 250106 |
| Citibank NA | USD | 145000 | 07/15/2026 | 2.618% | CPI# | Maturity | 530014 |  | 530014 |
| Citibank NA | USD | 106000 | 07/15/2026 | 2.733% | CPI# | Maturity | 146688 |  | 146688 |
| Citibank NA | USD | 55000 | 07/15/2026 | 3.072% | CPI# | Maturity | (293515) |  | (293515) |
| Citibank NA | USD | 12500 | 01/15/2030 | 2.516% | CPI# | Maturity | 99677 |  | 99677 |
| Citibank NA | USD | 10000 | 01/15/2030 | 2.509% | CPI# | Maturity | 83038 |  | 83038 |
| Citibank NA | USD | 12000 | 11/05/2033 | 2.273% | CPI# | Maturity | 1491259 |  | 1491259 |
| Citibank NA | USD | 70000 | 02/15/2035 | 2.477% | CPI# | Maturity | 512539 |  | 512539 |
| Citibank NA | USD | 50000 | 02/15/2035 | 2.410% | CPI# | Maturity | 655227 |  | 655227 |
| Citibank NA | USD | 40000 | 02/15/2035 | 2.456% | CPI# | Maturity | 367251 |  | 367251 |
| Citibank NA | USD | 15000 | 02/15/2035 | 2.495% | CPI# | Maturity | 86440 |  | 86440 |
| Goldman Sachs International | USD | 40000 | 07/15/2026 | 2.575% | CPI# | Maturity | 179762 |  | 179762 |
| Goldman Sachs International | USD | 75000 | 07/15/2030 | 2.413% | CPI# | Maturity | 790948 |  | 790948 |
| Goldman Sachs International | USD | 18000 | 04/15/2032 | 2.994% | CPI# | Maturity | 898207 |  | 898207 |
| Goldman Sachs International | USD | 14000 | 02/15/2041 | 2.380% | CPI# | Maturity | 940343 |  | 940343 |
| Goldman Sachs International | USD | 7000 | 02/15/2041 | 2.413% | CPI# | Maturity | 435039 |  | 435039 |
| Goldman Sachs International | USD | 21000 | 02/15/2046 | 2.396% | CPI# | Maturity | 345006 |  | 345006 |
| Goldman Sachs International | USD | 11500 | 02/15/2046 | 2.450% | CPI# | Maturity | 93516 |  | 93516 |
| JPMorgan Chase Bank NA | USD | 5000 | 03/01/2027 | 2.279% | CPI# | Maturity | 623090 |  | 623090 |
| JPMorgan Chase Bank NA | USD | 10000 | 07/03/2028 | 2.356% | CPI# | Maturity | 1152495 |  | 1152495 |
| JPMorgan Chase Bank NA | USD | 25000 | 11/05/2028 | 2.234% | CPI# | Maturity | 3217226 |  | 3217226 |
| JPMorgan Chase Bank NA | USD | 18000 | 04/17/2030 | 2.378% | CPI# | Maturity | 1981907 |  | 1981907 |
| JPMorgan Chase Bank NA | USD | 29000 | 04/15/2032 | 2.944% | CPI# | Maturity | 1614246 |  | 1614246 |
| JPMorgan Chase Bank NA | USD | 24000 | 11/17/2032 | 2.183% | CPI# | Maturity | 3454032 |  | 3454032 |
| JPMorgan Chase Bank NA | USD | 28000 | 02/15/2045 | 2.413% | CPI# | Maturity | 319219 |  | 319219 |
|  |  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35160439 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35160439 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

------

**INTEREST RATE SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| **Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | **Payment<br>Frequency<br>Paid/<br>Received** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Citibank NA | USD | 11075 | 10/09/2029 | 1.125% | 1 Week SIFMA\* | Quarterly | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702325 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702325 |

---

*\** *Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.* 

*(a)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at July 31, 2025.* 

*(b)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At July 31, 2025, the aggregate market value of these securities amounted to $109,964,374 or 7.5% of net assets.* 

*(c)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 1.34% of net assets as of July 31, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *ARC70 II Trust<br>(ARC70 II TRUST)<br>Series 2023<br>5.00%, 04/01/2065* | *07/18/2023-<br>07/01/2025* | $*5560471* | | $*5223852* | | *0.36%* |
|  *Arizona Industrial Development Authority<br>(Legacy Cares, Inc.)<br>Series 2020<br>6.50%, 07/01/2026* | *06/13/2022* | *1038658* | | *30600* | | *0.00%* |
|  *Arizona Industrial Development Authority<br>(Legacy Cares, Inc.)<br>Series 2020<br>6.75%, 07/01/2030* | *07/21/2022* | *1036663* | | *30600* | | *0.00%* |
|  *Illinois Housing Development Authority<br>(Drexel Court & Lake Park East)<br>Series 2024<br>5.67%, 11/01/2038* | *10/19/2022* | *1190000* | | *1125708* | | *0.08%* |
|  *Indiana Finance Authority<br>(Brightmark Plastics Renewal Indiana)<br>Series 2019<br>7.00%, 03/01/2039* | *03/28/2019* | *2195475* | | *111000* | | *0.01%* |
|  *Indiana Finance Authority<br>(Parkview Health System Obligated Group)<br>Series 2024-B<br>3.762%, 11/01/2046* | *06/24/2024* | *1965000* | | *1961831* | | *0.13%* |
|  *Knox County Industrial Development Board<br>(Tompaul Knoxville LLC)<br>Series 2022<br>8.75%, 11/01/2032* | *11/25/2022* | *1000000* | | *1011918* | | *0.07%* |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Knox County Industrial Development Board<br>(Tompaul Knoxville LLC)<br>Series 2022<br>9.25%, 11/01/2042* | *11/25/2022* | $*1000000* | | $*975326* | | *0.07%* |
|  *Last Step Recycling LLC<br>(Last Step Recycling LLC)<br>9.50%, 12/15/2028* | *03/26/2025-<br>06/23/2025* | *372695* | | *372695* | | *0.03%* |
|  *New Hope Cultural Education Facilities Finance Corp.<br>(Dwyer Workforce Development)<br>Series 2023<br>8.50%, 09/01/2027* | *02/03/2023* | *1180000* | | *1181074* | | *0.08%* |
|  *Polk County Industrial Development Authority/FL<br>(Mineral Development LLC)<br>Series 2020<br>5.875%, 01/01/2033* | *10/23/2020* | *950000* | | *522500* | | *0.04%* |
|  *South Carolina Jobs-Economic Development Authority<br>(Last Step Recycling LLC)<br>Series 2021<br>6.25%, 06/01/2040* | *06/16/2021* | *1000000* | | *110000* | | *0.01%* |
|  *West Virginia Economic Development Authority<br>(Wyoming County Coal LLC)<br>Series 2023<br>9.00%, 06/01/2038* | *05/31/2023* | *2500000* | | *2250000* | | *0.15%* |
|  *Wisconsin Public Finance Authority*<br> *(Catholic Bishop of Chicago/The)<br>Series 2021<br>5.75%, 07/25/2041* | *08/03/2021* | *5000000* | | *4493851* | | *0.31%* |

---

*(d)* *Defaulted.* 

*(e)* *Non-income producing security.* 

*(f)* *IO - Interest Only.* 

*(g)* *When-Issued or delayed delivery security.* 

*(h)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at July 31, 2025.* 

*(i)* *Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at July 31, 2025.* 

*(j)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(k)* *Fair valued by the Adviser.* 

*(l)* *Variable Rate Demand Notes are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.* 

*(m)* *The rate shown represents the 7-day yield as of period end.* 

*(n)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(o)* *Affiliated investments.* 

*(p)* *As of July 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $70,635,272 and gross unrealized depreciation of investments was $(60,025,354), resulting in net unrealized depreciation of $10,609,918.* 

------

*As of July 31, 2025, the Fund's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 3.4% and 0.0%, respectively.* 

*Glossary:* 

*AG* – *Assured Guaranty Inc.* 

*AMT* – *Alternative Minimum Tax (subject to)* 

*BAM* – *Build American Mutual* 

*CDX-NAHY – North American High Yield Credit Default Swap Index* 

*CMBS* – *Commercial Mortgage-Backed Securities* 

*CME – Chicago Mercantile Exchange* 

*COP* – *Certificate of Participation* 

*FHLMC* – *Federal Home Loan Mortgage Corporation* 

*MUNIPSA – SIFMA Municipal Swap Index* 

*NATL* – *National Interstate Corporation* 

*SOFR* – *Secured Overnight Financing Rate* 

*SRF* – *State Revolving Fund* 

*UPMC* – *University of Pittsburgh Medical Center* 

*XLCA* – *XL Capital Assurance Inc.* 

------

**AB Municipal Bond Inflation Strategy** 

**July 31, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Long-Term Municipal Bonds | $— | $1334547852 | $372695 <sup>(a)</sup> | $1334920547 |
| Short-Term Municipal Notes |  | 58737410 |  | 58737410 |
| Commercial Mortgage-Backed Securities |  | 16189210 |  | 16189210 |
| Corporates - Investment Grade |  | 5762679 |  | 5762679 |
| Corporates - Non-Investment Grade |  | 3458574 |  | 3458574 |
| Short-Term Investments | 3788222 |  |  | 3788222 |
| Total Investments in Securities | 3788222 | 1418695725 | 372695 <sup>(a)</sup> | 1422856642 |
| **Other Financial Instruments<sup>(b)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Centrally Cleared Inflation (CPI) Swaps |  | 24184377 |  | 24184377 |
| Centrally Cleared Interest Rate Swaps |  | 1939276 |  | 1939276 |
| Inflation (CPI) Swaps |  | 35453954 |  | 35453954 |
| Interest Rate Swaps |  | 702325 |  | 702325 |
| **Liabilities:** |  |  |  |  |
| Centrally Cleared Credit Default Swaps |  | (1531666) |  | (1531666) |
| Centrally Cleared Interest Rate Swaps |  | (2314) |  | (2314) |
| Inflation (CPI) Swaps |  | (293515) |  | (293515) |
| **Total** | $**3788222** | $**1479148162** | $**372695** **<sup>(a)</sup>** | $**1483309079** |

---

*<sup>(a)</sup>* *The Fund held securities with zero market value at period end.* 

*<sup>(b)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the nine months ended July 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value**<br> **10/31/2024**<br> **(000)** | **Purchases**<br> **at Cost**<br> **(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market Value**<br> **07/31/2025**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33810 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337902 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367924 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3788 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;706 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB BOND FUND, INC.

- **b. Investment Company Act file number:** 811-02383

- **c. CIK number of Registrant:** 0000003794

- **d. LEI of Registrant:** 549300RYJMGGIS1UBQ97

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Municipal Bond Inflation Strategy

- **b. EDGAR series identifier (if any):** S000027379

- **c. LEI of Series:** 549300DPKKWNI993BG65

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

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

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1481794671.04

**Total Liabilities:** $11351773.44

**Net Assets:** $1470442897.60

**Delayed Delivery Securities:** $9859835.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3341.07000000 | **1-Year:** -52204.10000000 | **5-Year:** -214515.56000000 | **10-Year:** -415743.17000000 | **30-Year:** -90616.30000000

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

- **3-Month:** -288.43000000 | **1-Year:** -5749.70000000 | **5-Year:** -15030.42000000 | **10-Year:** -41509.62000000 | **30-Year:** -9391.98000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000082626 | 0.33%                | 0.51%                | 0.49%                |
| Class ID C000085360 | 0.23%                | 0.51%                | 0.49%                |
| Class ID C000085439 | 0.34%                | 0.52%                | 0.49%                |
| Class ID C000082624 | 0.22%                | 0.50%                | 0.47%                |
| Class ID C000082625 | 0.26%                | 0.44%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-179937.79              | $-3481244.04                               |
| Month 2  | $-70587.34               | $7577035.01                                |
| Month 3  | $-541256.77              | $-3803236.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HLTHCARE FACS REVENUE                                                                                       | CUSIP: 74444KBT0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    375000 | PA      | $371360.48    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                                                                                        | CUSIP: 71883MNU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3942375.60   | 0.27%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                          | WASHINGTON CNTY OH HOSP REVENUE                                                                                                | CUSIP: 938154DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2093468.40   | 0.14%             | 2037-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Washington County Community Development Agency                                   | WASHINGTON CNTY MN CMNTY DEV AGY MF HSG REV                                                                                    | CUSIP: 93778DAB2<br>LEI: 5493005S0NC4J4L8DM18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991313.10    | 0.07%             | 2042-07-01      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                                                                          | CUSIP: 93878YDL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2655408.71   | 0.18%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                     | CHICAGO IL BRD OF EDU DEDICATED CAPITAL IMPT TAX                                                                               | CUSIP: 167510AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1506648.83   | 0.10%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    997862 | PA      | $941912.20    | 0.06%             | 2041-01-20      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FMB7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1339986.36   | 0.09%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                    | CUSIP: 45528U6R7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1059854.76   | 0.07%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS1NEW6   IRS USD R V 12MUSCPI IS1NEX7 INFLATIONZERO / Short: IS1NEW6   IRS USD P F  2.35600 IS1NEW6 INFLATIONZERO       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  10000000 | OU      | $1152494.70   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                           | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    970000 | PA      | $972654.21    | 0.07%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                                                                                      | CUSIP: 679111E59<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048669.80   | 0.14%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                   | CUSIP: 59447TMG5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1824862.08   | 0.12%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                              | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104088.30   | 0.08%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                         | CUSIP: 613603F46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1056928.62   | 0.07%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                  | CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REVENUE                                                                               | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067656.20   | 0.07%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                   | CUSIP: 45204E6X1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199052.96    | 0.01%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                | CUSIP: 451295E47<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.18%             | 2060-03-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527746.40   | 0.10%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57584YG94<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $825150.70    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Green Lake Township Economic Development Corp                                    | GREEN LAKE TWP MI ECON DEV CORP                                                                                                | CUSIP: 393096AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.16%             | 2034-06-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                                                                                           | CUSIP: 67756CGD4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3785998.26   | 0.26%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                             | CUSIP: 249182LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2223856.56   | 0.15%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                                                                                               | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    994954 | PA      | $915073.18    | 0.06%             | 2050-03-01      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| Jefferson Sales Tax District                                                     | JEFFERSON LA SALES TAX DIST SPL SALES TAX REVENUE                                                                              | CUSIP: 474176KH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1855121.04   | 0.13%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                    | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6232485.00   | 0.42%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                          | CUSIP: 5755792B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2575399.25   | 0.18%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Nassau NY                                                              | NASSAU CNTY NY                                                                                                                 | CUSIP: 63165T2R5<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2067484.73   | 0.14%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                   | CUSIP: 64542UGN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1181074.04   | 0.08%             | 2027-09-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                       | CUSIP: 79766DVU0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5306094.00   | 0.36%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2Z0M3   IRS USD R V 00MSOFR IS2Z0N4 CCPOIS / Short: BS2Z0M3   IRS USD P F  3.26400 IS2Z0M3 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  15700000 | OU      | $811737.53    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                       | CUSIP: 79766DWS4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5233795.52   | 0.36%             | 2040-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                    | CUSIP: 64966G4P4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.20%             | 2038-04-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                      | CUSIP: 837151RQ4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   5040000 | PA      | $5041283.69   | 0.34%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                              | CUSIP: 73360CAF1<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    550000 | PA      | $532959.24    | 0.04%             | 2027-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261AEX1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1410806.82   | 0.10%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                      | Long: IS321T7   IRS USD R V 12MUSCPI IS321U8 INFLATIONZERO / Short: IS321T7   IRS USD P F  2.57500 IS321T7 INFLATIONZERO       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | GB        |  40000000 | OU      | $179762.40    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                                                                                             | CUSIP: 650036FC5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  37115000 | PA      | $40749924.33  | 2.77%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                     | CUSIP: 735389C97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6356831.48   | 0.43%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                                                                                               | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    936349 | PA      | $879455.66    | 0.06%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                   | CUSIP: 45203HE81<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918486.60    | 0.06%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067EB0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    550000 | PA      | $520993.50    | 0.04%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida State Board of Governors                                                 | FLORIDA ST BRD GOVERNORS FL STUNIV ATHLETICS ASSN REVENUE                                                                      | CUSIP: 34157NAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4638690.90   | 0.32%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                       | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1720262.65   | 0.12%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Educational Facilities Authority                               | MIAMI-DADE CNTY FL EDUCTNL FACS AUTH REVENUE                                                                                   | CUSIP: 59333ANY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700642.94   | 0.12%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                                                                                    | CUSIP: 56678PCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998575.80    | 0.07%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE                                                                       | CUSIP: 160853LL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1595000.00   | 0.11%             | 2044-01-15      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS249F6   IRS USD R V 12MUSCPI IS249G7 CCPINFLATIONZERO / Short: BS249F6   IRS USD P F  1.71400 IS249F6 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1670000 | OU      | $306353.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                           | LOS ANGELES CA                                                                                                                 | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   7425000 | PA      | $7603304.69   | 0.52%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532LW2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2609127.50   | 0.18%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                       | CUSIP: 67884XCV7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042627.20   | 0.14%             | 2037-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Polk County Industrial Development Authority/FL                                  | POLK CNTY FL INDL DEV AUTH                                                                                                     | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |    950000 | PA      | $522500.00    | 0.04%             | 2033-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                   | CUSIP: 64542UFY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1418706.46   | 0.10%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                              | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2077485.64   | 0.14%             | 2052-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                                                                                           | CUSIP: 207758Q55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3172534.50   | 0.22%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                               | MONTANA ST FAC FIN AUTH REVENUE                                                                                                | CUSIP: 61204KKX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1968111.34   | 0.13%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND                                    | Nuveen AMT-Free Quality Municipal Income Fund                                                                                  | CUSIP: 670657774<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4800000.00   | 0.33%             | 2029-03-01      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily ML Certificates                                          | FREDDIE MAC STRUCTURED PASS THROUGH CERT                                                                                       | CUSIP: 3137HDJL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   1995061 | PA      | $1969475.66   | 0.13%             | 2042-04-25      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                               | CUSIP: 63608TAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $548012.30    | 0.04%             | 2035-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                           | CUSIP: 45471CBQ0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1149638.18   | 0.08%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE                                                                               | CUSIP: 873816AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2790589.99   | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FJQ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1087282.41   | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                                                                                    | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4050000.00   | 0.28%             | 2034-08-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                     | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5085889.50   | 0.35%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                             | CUSIP: 67756DE51<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3860000 | PA      | $4009999.60   | 0.27%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                                                                               | CUSIP: 95648VBQ1<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2250000.00   | 0.15%             | 2038-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                                                                                               | CUSIP: 45471ATZ5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   7150000 | PA      | $7082902.97   | 0.48%             | 2046-12-01      | Floating      | 0.70%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                                                                   | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1933000 | PA      | $1667637.76   | 0.11%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2Y9Y5   IRS USD R V 00MSOFR IS2Y9Z6 CCPOIS / Short: BS2Y9Y5   IRS USD P F  3.30384 IS2Y9Y5 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   8600000 | OU      | $427458.55    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                                                                                        | CUSIP: 64990AKE4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038213.60   | 0.14%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                        | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM                                                                   | CUSIP: 864809BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2348532.52   | 0.16%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                         | CUSIP: 837032BX8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2555167.50   | 0.17%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                                                                                   | CUSIP: 574294CJ1<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2345030.76   | 0.16%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                                 | CUSIP: 20772KBS7<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1534480.27   | 0.10%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS2ZAI9   IRS USD R V 12MUSCPI IS2ZAJ0 INFLATION ZERO / Short: IS2ZAI9   IRS USD P F  2.21750 IS2ZAI9 INFLATION ZERO     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  16000000 | OU      | $202314.24    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                   | CUSIP: 45204E6Q6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100695.44    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                    | CUSIP: 452153JY6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1422995.84   | 0.10%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                           | CUSIP: 709224LK3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014202.60   | 0.14%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                   | CUSIP: 64542UFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    964130 | PA      | $243837.44    | 0.02%             | 2061-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                               | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001266.10   | 0.07%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                    | CUSIP: 64966LCP4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.24%             | 2040-08-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Platte River Metropolitan District                                               | PLATTE RVR MET DIST CO                                                                                                         | CUSIP: 727810AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    292000 | PA      | $288949.86    | 0.02%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                                                                                   | CUSIP: 6450206B9<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $2003450.50   | 0.14%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                         | CUSIP: 939783TH9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2126501.74   | 0.14%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                    | TEXAS ST UNIV SYS FING REVENUE                                                                                                 | CUSIP: 88278PJ62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025566.30   | 0.07%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia Housing Authority/SC                                                    | COLUMBIA SC HSG AUTH MF HSG REVENUE                                                                                            | CUSIP: 198409AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98099.32     | 0.01%             | 2032-11-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| US Bank Trust Co NA                                                              | US BANK TRUST CO NA VA                                                                                                         | CUSIP: 90355QAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1463582.99   | 0.10%             | 2052-08-01      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261APX9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1838555.38   | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                              | CUSIP: 688031EN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $79135.53     | 0.01%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                                                                                 | CUSIP: 40065FFE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026142.70   | 0.07%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                                                                                | CUSIP: 70870JEM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4969810.00   | 0.34%             | 2047-11-15      | Floating      | 1.17%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                                                                                        | CUSIP: 45505MPF7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2261360.40   | 0.15%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL HOSP REVENUE                                                                                                     | CUSIP: 70252CAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8679292.00   | 0.59%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261ANG8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1947749.52   | 0.13%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2154866 | PA      | $78602.40     | 0.01%             | 2051-07-01      | Variable      | 0.49%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PSF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4493851.50   | 0.31%             | 2041-07-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                       | CUSIP: 40065NDA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076879.50   | 0.07%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                                                                                                | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4946248.00   | 0.34%             | 2047-11-15      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261A5B9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2431217.95   | 0.17%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                      | Long: IS2DLY6   IRS USD R V 12MUSCPI IS2DLZ7 INFLATIONZERO / Short: IS2DLY6   IRS USD P F  2.99350 IS2DLY6 INFLATIONZERO       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | GB        |  18000000 | OU      | $898207.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                           | DETROIT MI DOWNTOWN DEV AUTH TAX INCREMENT REVENUE                                                                             | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991905.60    | 0.07%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                                | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE                                                                               | CUSIP: 38611TBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6090000 | PA      | $6105342.54   | 0.42%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL Airport System Revenue                                   | PALM BEACH CNTY FL ARPT SYS REVENUE                                                                                            | CUSIP: 696499FQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1789329.98   | 0.12%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                  | CUSIP: 044293BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181375.04    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965217.40    | 0.07%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                    | CUSIP: 442349GJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4332422.80   | 0.29%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57585BDH8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1240451.50   | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS34449   IRS USD R V 00MSOFR IS34450 CCPOIS / Short: BS34449   IRS USD P F  3.74700 IS34449 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  14000000 | OU      | $97195.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                      | Long: IS308D4   IRS USD R V 12MUSCPI IS308E5 INFLATION ZERO / Short: IS308D4   IRS USD P F  2.44950 IS308D4 INFLATION ZERO     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |  11500000 | OU      | $93515.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                    | CUSIP: 45528VBE8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1553437.01   | 0.11%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 1675934K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3474117.28   | 0.24%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                                                                                    | CUSIP: 514045W90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1545472.32   | 0.11%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 64990FE42<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1653575.00   | 0.11%             | 2034-03-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                                                                                      | CUSIP: 74265L2Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11152566.00  | 0.76%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Augusta Development Authority                                                    | AUGUSTA GA DEV AUTH REVENUE                                                                                                    | CUSIP: 05115CAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4490000 | PA      | $4659767.35   | 0.32%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS1IJ82   IRS USD R V 12MUSCPI IS1IJ93 INFLATIONZERO / Short: IS1IJ82   IRS USD P F  2.18250 IS1IJ82 INFLATIONZERO       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  24000000 | OU      | $3454031.52   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission                                                                                    | CUSIP: 93978T4N6<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | CORP              | US        |   2951458 | PA      | $289685.58    | 0.02%             | 2037-04-20      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                                                                                      | CUSIP: 517845MZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5043330.50   | 0.34%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PZW8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15491.04     | 0.00%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN                                                                                 | CUSIP: 574204F81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3214106.87   | 0.22%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH EXEMPT FAC REVENUE                                                                                         | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $111000.00    | 0.01%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                                                                                   | CUSIP: 725304XD6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9921189.00   | 0.67%             | 2040-09-01      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                                                                                     | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969585.10    | 0.07%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                 | CUSIP: 13013FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $797647.88    | 0.05%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                     | CUSIP: 7353892Q0<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1865820.48   | 0.13%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                                                                                             | CUSIP: 199546DA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028434.00   | 0.14%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067EA2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    745000 | PA      | $786833.24    | 0.05%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                                                                                    | CUSIP: 56678PCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003586.50   | 0.07%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                                                                              | CUSIP: 79625GDR1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1809810.80   | 0.12%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                                                                                                 | CUSIP: 44244CTA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1792016.07   | 0.12%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                           | CUSIP: 709225DU7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1901493.00   | 0.13%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Paso Independent School District                                              | EL PASO TX INDEP SCH DIST                                                                                                      | CUSIP: 283770HS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1836651.50   | 0.12%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                               | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                               | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   3788221 | NS      | $3788221.43   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 1675933F7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1783202.20   | 0.12%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                                  | CUSIP: 452252PW3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6737520.67   | 0.46%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE                                                                           | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015676.20   | 0.07%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                    | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057672.70   | 0.07%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                  | CUSIP: 592647NA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002352.70   | 0.07%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH ST HSG CORP MF REVENUE                                                                                                    | CUSIP: 917434CS9<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    452912 | PA      | $373255.69    | 0.03%             | 2040-01-01      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                               | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $933030.42    | 0.06%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $448058.80    | 0.03%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261ANH6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    555000 | PA      | $571848.36    | 0.04%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                 | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $328054.70    | 0.02%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                              | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1797838.56   | 0.12%             | 2055-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI MF AFFORDABLE HSG                                                                                           | CUSIP: 74448FAC5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    994848 | PA      | $927059.55    | 0.06%             | 2039-09-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Columbia Housing Authority/SC                                                    | COLUMBIA SC HSG AUTH MF HSG REVENUE                                                                                            | CUSIP: 198409AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1217934.46   | 0.08%             | 2039-11-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                   | CUSIP: 646140JY0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107118.90   | 0.08%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                    | CUSIP: 442349JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058424.30   | 0.07%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                                                                                               | CUSIP: 114894ZM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2542303.92   | 0.17%             | 2026-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH ECON DEV REVENUE                                                                                      | CUSIP: 040523AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $30600.00     | 0.00%             | 2026-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532NE0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2715340.87   | 0.18%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS33PE3   IRS USD R V 12MUSCPI IS33PF4 INFLATIONZERO / Short: IS33PE3   IRS USD P F  2.50900 IS33PE3 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  10000000 | OU      | $83038.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE                                                                          | CUSIP: 888805CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $460352.10    | 0.03%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                  | CUSIP: 044293BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155422.32    | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | MASSACHUSETTS ST WTR RESOURCES AUTH                                                                                            | CUSIP: 576051L79<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2998200.03   | 0.20%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                               | CUSIP: 7352403F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2235902.83   | 0.15%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                 | LOS ANGELES CA WSTWTR SYS REVENUE                                                                                              | CUSIP: 53945CMS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4505000 | PA      | $4776013.59   | 0.32%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE                                                                             | CUSIP: 71780CBC3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959880.20    | 0.07%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5120000 | PA      | $5377714.69   | 0.37%             | 2045-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                 | CUSIP: 126292BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1468288.00   | 0.10%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REVE                                                                   | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000625.80   | 0.07%             | 2052-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS Corp                                                                                                                  | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    996000 | PA      | $888930.00    | 0.06%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                     | CUSIP: 64972JJV1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   6800000 | PA      | $7265287.28   | 0.49%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                                                                                               | CUSIP: 74447DAE7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3132530.47   | 0.21%             | 2042-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                   | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197097.06    | 0.01%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PP90<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1066234.82   | 0.07%             | 2035-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                    | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037434.40   | 0.07%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE                                                                    | CUSIP: 603827K70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4050613.38   | 0.28%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Housing Authority                                                        | CHICAGO IL HSG AUTH                                                                                                            | CUSIP: 16753QAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5260000 | PA      | $5355746.73   | 0.36%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FPL2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1599366.02   | 0.11%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                        | CUSIP: 89602HEW3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5999637.00   | 0.41%             | 2026-04-01      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| Oakland University                                                               | OAKLAND UNIV MI REVENUE                                                                                                        | CUSIP: 673588DL0<br>LEI: 549300O12XLW6O082V10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2031-03-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                       | CUSIP: 79766DWW5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3380000 | PA      | $3451576.91   | 0.23%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS1PKZ7   IRS USD R V 12MUSCPI IS1PL09 INFLATIONZERO / Short: IS1PKZ7   IRS USD P F  2.23375 IS1PKZ7 INFLATIONZERO       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  25000000 | OU      | $3217226.25   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                    | CUSIP: 64966SFN1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2590000.00   | 0.18%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                        | CUSIP: 35833JAJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    947346 | PA      | $769527.47    | 0.05%             | 2038-06-25      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2AU39   IRS USD R V 12MUSCPI IS2AU40 CCPINFLATIONZERO / Short: BS2AU39   IRS USD P F  2.68000 IS2AU39 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6150000 | OU      | $581671.12    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                     | CUSIP: 735389D96<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007032.90   | 0.07%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                      | CUSIP: 5444452Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027840.40   | 0.07%             | 2044-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                                                                                        | CUSIP: 04062PCU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $197069.90    | 0.01%             | 2043-01-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                               | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1883326 | PA      | $1754874.53   | 0.12%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                                                                         | CUSIP: 60637AXA5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2215670.80   | 0.15%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                           | CUSIP: 45471CCS5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1961831.24   | 0.13%             | 2046-11-01      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS1C6H2   IRS USD R V 12MUSCPI IS1C6I3 INFLATIONZERO / Short: IS1C6H2   IRS USD P F  2.27900 IS1C6H2 INFLATIONZERO       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   5000000 | OU      | $623090.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2AM55   IRS USD R V 12MUSCPI IS2AM66 CCPINFLATIONZERO / Short: BS2AM55   IRS USD P F  2.44000 IS2AM55 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  20000000 | OU      | $1816254.60   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2800000 | OU      | $58765.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF HSG REVENUE                                                                                        | CUSIP: 45203LES8<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1125708.11   | 0.08%             | 2038-11-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority  | CUMBERLAND CNTY NC INDL FACS & POLL CONTROL FING AUTH SOL WS                                                                   | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000383.80   | 0.14%             | 2027-12-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                                                                                          | CUSIP: 68450LJN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1142385.45   | 0.08%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                             | CUSIP: 249182QJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10772951.00  | 0.73%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067DW5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    845000 | PA      | $925684.40    | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                     | MET ATLANTA RAPID TRANSIT AUTH GA SALES TAX REVENUE                                                                            | CUSIP: 591746CN0<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1586211.06   | 0.11%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH ECON DEV REVENUE                                                                                      | CUSIP: 040523AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $30600.00     | 0.00%             | 2030-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS33P65   IRS USD R V 12MUSCPI IS33P76 INFLATIONZERO / Short: IS33P65   IRS USD P F  2.41000 IS33P65 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  50000000 | OU      | $655226.50    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CALIFORNIA ST PUBLIC PWR AUTH STHRN TRANSMISSION SYSTE                                                                   | CUSIP: 842469CD8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1436038.94   | 0.10%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                   | CUSIP: 45204FPU3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   9375000 | PA      | $7502520.00   | 0.51%             | 2040-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                                                                                | CUSIP: 546399UW4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988514.10    | 0.07%             | 2045-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                     | CUSIP: 735389Q92<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |  13380000 | PA      | $11723442.27  | 0.80%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS33B45   CDS USD R V 03MEVENT IS33B56 CCPCDX / Short: BS33B45   CDS USD P F  5.00000 IS33B45 CCPCDX                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  19610000 | OU      | $-1531665.98  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE                                                                     | CUSIP: 54811BXF3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    800000 | PA      | $864272.80    | 0.06%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                                                                              | CUSIP: 31350ACQ9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   3595000 | PA      | $3110305.92   | 0.21%             | 2036-06-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS32IJ6   IRS USD R V 12MUSCPI IS32IK7 INFLATIONZERO / Short: IS32IJ6   IRS USD P F  2.49500 IS32IJ6 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  15000000 | OU      | $86439.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| City of South Charleston WV                                                      | SOUTH CHARLESTON WV SPL DIST EXCISE TAX                                                                                        | CUSIP: 837323AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $920439.18    | 0.06%             | 2042-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS1WUB4   IRS USD R V 01MMUNIP IS1WUC5 VANILLA / Short: IS1WUB4   IRS USD P F  1.12500 IS1WUB4 VANILLA                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  11075000 | OU      | $702324.96    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                        | CUSIP: 89602HAD9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2945000 | PA      | $2915199.25   | 0.20%             | 2045-05-15      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                        | CUSIP: 3137H9JQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2003185 | PA      | $132925.55    | 0.01%             | 2036-09-25      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                  | CUSIP: 044293BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $199703.73    | 0.01%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Infirmary Health System Special Care Facilities Financing Authority of Mobile    | INFIRMARY HLTH SYS AL SPL CARE FACS FING AUTH REVENUE                                                                          | CUSIP: 45663NBZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1535362.29   | 0.10%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FXD1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5280000 | PA      | $5600459.57   | 0.38%             | 2058-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Water Financing Authority                                      | SACRAMENTO CNTY CA WTR FING AUTH REVENUE                                                                                       | CUSIP: 78615RCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4508033.00   | 0.31%             | 2039-06-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                  | CUSIP: 13063ELK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1256933.16   | 0.09%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD                                                                    | CUSIP: 592041A31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2184778.00   | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                           | CUSIP: 709224A33<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1840001.63   | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                                                                                      | CUSIP: 66285WF50<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1097928.54   | 0.07%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                          | CUSIP: 167505XC5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100621.29    | 0.01%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                                                                                   | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997786.00   | 0.14%             | 2039-09-01      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| Deschutes County Hospital Facilities Authority                                   | DESCHUTES CNTY OR HOSP FACS AUTH HOSP REVENUE                                                                                  | CUSIP: 250336EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000093.70   | 0.07%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Housing Authority                                                        | CHICAGO IL HSG AUTH                                                                                                            | CUSIP: 16753QAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019926.70   | 0.07%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                    | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2463337.33   | 0.17%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona Lottery Revenue                                                 | ARIZONA ST LOTTERY REVENUE                                                                                                     | CUSIP: 040624BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5352009.50   | 0.36%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                      | CUSIP: 5444452R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3584748.30   | 0.24%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                               | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    914000 | PA      | $914645.47    | 0.06%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arapahoe County School District No 5 Cherry Creek                                | ARAPAHOE CNTY CO SCH DIST #5 CHERRY CREEK COPS                                                                                 | CUSIP: 038683CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2588882.00   | 0.18%             | 2038-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                      | Long: IS31KE2   IRS USD R V 12MUSCPI IS31KF3 INFLATIONZERO / Short: IS31KE2   IRS USD P F  2.39600 IS31KE2 INFLATIONZERO       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | GB        |  21000000 | OU      | $345006.27    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOL                                                         | Baylor Scott & White Holdings                                                                                                  | CUSIP: 072863AH6<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $874320.00    | 0.06%             | 2030-11-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 6461363L3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  17500000 | PA      | $17840550.00  | 1.21%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU                                                                   | CUSIP: 87638REK9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    904082 | PA      | $0.01         | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| Chesterfield County Economic Development Authority                               | CHESTERFIELD CNTY VA ECON DEV AUTH REVENUE                                                                                     | CUSIP: 16639EBT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074824.60   | 0.14%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                 | CUSIP: 392275EY5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2316076.16   | 0.16%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                              | CUSIP: 414009RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2886158.33   | 0.20%             | 2049-07-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FSF2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2655180.58   | 0.18%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3153006.90   | 0.21%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | STERLING RANCH CMNTY AUTH BRD CO SUPPORTED REVENUE                                                                             | CUSIP: 85950NAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033057.40   | 0.07%             | 2042-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                               | CUSIP: 13033DAH8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2367251 | PA      | $95642.88     | 0.01%             | 2035-03-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS1PKT1   IRS USD R V 12MUSCPI IS1PKU2 INFLATIONZERO / Short: IS1PKT1   IRS USD P F  2.27250 IS1PKT1 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  12000000 | OU      | $1491259.20   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                              | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1936373.51   | 0.13%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                       | CUSIP: 25483VZR8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5025000 | PA      | $5361992.08   | 0.36%             | 2030-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                                                                                  | CUSIP: 928173EE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134476.40   | 0.15%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Croix Chippewa Indians of Wisconsin                                           | ST CROIX CHIPPEWA INDIANS OF WISCONSIN                                                                                         | CUSIP: 788400AA7<br>LEI: 5493006ZQ04VD450FS17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $857710.20    | 0.06%             | 2041-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                         | PEFA INC IA GAS PROJ REVENUE                                                                                                   | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   9300000 | PA      | $9397196.16   | 0.64%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Toledo                                                             | UNIV OF TOLEDO OH                                                                                                              | CUSIP: 915138PR6<br>LEI: 549300530V11GF5PZA78 | Long             | DBT              | MUN               | US        |   9525000 | PA      | $9406141.34   | 0.64%             | 2036-06-01      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                     | CHICAGO IL BRD OF EDU DEDICATED CAPITAL IMPT TAX                                                                               | CUSIP: 167510BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1774502.67   | 0.12%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067ED6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    835000 | PA      | $775994.31    | 0.05%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                  | CUSIP: 97712JGV9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015978.10   | 0.07%             | 2054-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                                | PLANO TX INDEP SCH DIST                                                                                                        | CUSIP: 727199D24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1290461.51   | 0.09%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                            | OYSTER BAY NY                                                                                                                  | CUSIP: 692160VC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3472489.73   | 0.24%             | 2025-08-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                | CUSIP: 544525ZQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1478777.26   | 0.10%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reynoldsburg City School District                                                | REYNOLDSBURG OH CITY SCH DIST                                                                                                  | CUSIP: 761852GC0<br>LEI: 5493008FQ0C4VK7NRG77 | Long             | DBT              | MUN               | US        |    885000 | PA      | $909242.45    | 0.06%             | 2030-09-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                   | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    870000 | PA      | $811646.84    | 0.06%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE                                                                                 | CUSIP: 69651ACJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1303521.02   | 0.09%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS342G7   IRS USD R V 12MUSCPI IS342H8 CCPINFLATIONZERO / Short: BS342G7   IRS USD P F  2.38800 IS342G7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  25000000 | OU      | $372251.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                                                                                               | CUSIP: 25476FE61<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1054917.21   | 0.07%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fayetteville AR Sales & Use Tax Revenue                                  | FAYETTEVILLE AR SALES & USE TAX CAPITAL IMPT                                                                                   | CUSIP: 312673FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $913975.67    | 0.06%             | 2032-11-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                    | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $742128.09    | 0.05%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                                                                                       | CUSIP: 6789084D3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2325828.75   | 0.16%             | 2045-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                  | CUSIP: 93974EB54<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.48%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                    | CUSIP: 452153DA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2945000 | PA      | $3050080.55   | 0.21%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                                                                                    | CUSIP: 419794L42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989376.90    | 0.07%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                               | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    932868 | PA      | $870389.17    | 0.06%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                       | CUSIP: 25483VZP2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4765000 | PA      | $5049283.71   | 0.34%             | 2029-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                       | CUSIP: 11861MBD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1083541.10   | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS28H54   IRS USD R V 12MUSCPI IS28H65 CCPINFLATIONZERO / Short: BS28H54   IRS USD P F  2.43750 IS28H54 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5000000 | OU      | $538962.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                              | CUSIP: 688031EL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $108010.01    | 0.01%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL Airport System Revenue                                   | PALM BEACH CNTY FL ARPT SYS REVENUE                                                                                            | CUSIP: 696499FR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1814341.03   | 0.12%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                   | CUSIP: 64542UFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $27346.40     | 0.00%             | 2037-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS29070   IRS USD R V 12MUSCPI IS29081 CCPINFLATIONZERO / Short: BS29070   IRS USD P F  2.50250 IS29070 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  32000000 | OU      | $3100826.88   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                                                                        | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998909.80    | 0.07%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | FLORIDA ST MUNI PWR AGY                                                                                                        | CUSIP: 342816S22<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    500000 | PA      | $482963.70    | 0.03%             | 2026-10-01      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 6461362B6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1510756.92   | 0.10%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                 | NEW MEXICO ST SEVERANCE TAX                                                                                                    | CUSIP: 6473104E8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114636.30   | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                                                                                | CUSIP: 888808HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4889865.18   | 0.33%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PXF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1204721.65   | 0.08%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS32ZD9   IRS USD R V 12MUSCPI IS32ZE0 INFLATIONZERO / Short: IS32ZD9   IRS USD P F  2.73250 IS32ZD9 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        | 106000000 | OU      | $146688.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                                                                                                | CUSIP: 717813TC3<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |  12990000 | PA      | $13538887.25  | 0.92%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                   | CUSIP: 59447TWZ2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  11080000 | PA      | $11126054.02  | 0.76%             | 2049-11-15      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067EC8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $702273.90    | 0.05%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE                                                                    | CUSIP: 603827K88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2153235.44   | 0.15%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                | CUSIP: 20775DPL0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1360560.15   | 0.09%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                             | CUSIP: 87638TGD9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  10940000 | PA      | $11524776.91  | 0.78%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                                                                                        | CUSIP: 97689RER1<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    280000 | PA      | $237005.55    | 0.02%             | 2040-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE                                                                       | CUSIP: 79574CFR9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589336.75   | 0.18%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                                 | CUSIP: 20772JT85<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2186428.90   | 0.15%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                                | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                                                                                     | CUSIP: 409327MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043011.80   | 0.14%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia Housing Authority/SC                                                    | COLUMBIA SC HSG AUTH MF HSG REVENUE                                                                                            | CUSIP: 198409AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92995.44     | 0.01%             | 2039-11-01      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Lees Summit Industrial Development Authority                                     | LEES SUMMIT MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                        | CUSIP: 524292AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1639120.83   | 0.11%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                    | CUSIP: 92778FLD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $808810.50    | 0.06%             | 2040-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                        | CUSIP: 89602HHT7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3361731.90   | 0.23%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 167593Z47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $714210.53    | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                               | CUSIP: 57582TCM2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035787.30   | 0.07%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                    | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2111924.00   | 0.14%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                                                                                  | CUSIP: 928173CX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1124074.97   | 0.08%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                   | CUSIP: 04052FBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $852930.08    | 0.06%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE                                                                               | CUSIP: 873816AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $836003.13    | 0.06%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                   | CUSIP: 04052FBL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $946871.55    | 0.06%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                      | KENTON CNTY KY ARPT BRD                                                                                                        | CUSIP: 491026WF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030681.80   | 0.14%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                              | CUSIP: 688031EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $93491.46     | 0.01%             | 2030-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | WHITING IN ENVRNMNTL FACS REVENUE                                                                                              | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5091354.50   | 0.35%             | 2045-11-01      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG FIN AUTH MF HSG REVENUE                                                                                        | CUSIP: 19647PDX8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008143.10   | 0.07%             | 2044-07-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                  | CUSIP: 57421FBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025199.60   | 0.07%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                      | CUSIP: 837151PQ6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003851.00   | 0.07%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                             | CUSIP: 67756DE44<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1307882.25   | 0.09%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tempe AZ                                                                 | TEMPE AZ COPS                                                                                                                  | CUSIP: 87971LAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2080510.08   | 0.14%             | 2031-07-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Industrial Development Authority                                | PORT BEAUMONT TX INDL DEV AUTH                                                                                                 | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $883828.60    | 0.06%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH                                                                        | CUSIP: 54627RAR1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2074733 | PA      | $2101300.64   | 0.14%             | 2031-06-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS21YN0   IRS USD R V 12MUSCPI IS21YO1 CCPINFLATIONZERO / Short: BS21YN0   IRS USD P F  1.23000 IS21YN0 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  19310000 | OU      | $4084951.91   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE                                                                     | CUSIP: 84136JAL3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $3088496.64   | 0.21%             | 2055-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 64613CEP9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4011378.75   | 0.27%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2ZDO6   IRS USD R V 00MSOFR IS2ZDP7 CCPOIS / Short: BS2ZDO6   IRS USD P F  3.27150 IS2ZDO6 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6700000 | OU      | $336424.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS32IH4   IRS USD R V 12MUSCPI IS32II5 INFLATIONZERO / Short: IS32IH4   IRS USD P F  2.61750 IS32IH4 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        | 145000000 | OU      | $530014.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                  | CUSIP: 13063D3P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1231644.00   | 0.08%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF REVENUE                                                                                            | CUSIP: 45202BSV9<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3070698.75   | 0.21%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                                                                                          | CUSIP: 68450LGL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946831.50    | 0.06%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                           | NEW ORLEANS LA                                                                                                                 | CUSIP: 64763FG94<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1945096.63   | 0.13%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                                                                             | CUSIP: 97671VCS2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015678.00   | 0.07%             | 2045-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS Corp                                                                                                                  | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    959000 | PA      | $902006.63    | 0.06%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                        | CUSIP: 3137HFP74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1981444 | PA      | $1871286.08   | 0.13%             | 2041-05-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund                                     | Nuveen AMT-Free Municipal Credit Income Fund                                                                                   | CUSIP: 67071L825<br>LEI: 549300LBMO1C0IG71T03 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.27%             | 2029-03-01      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS30W98   IRS USD R V 12MUSCPI IS30WA9 INFLATIONZERO / Short: IS30W98   IRS USD P F  2.53500 IS30W98 INFLATIONZERO       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  23000000 | OU      | $145651.64    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 167593VQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5030461.00   | 0.34%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                                  | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $484642.89    | 0.03%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                  | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099404.00   | 0.14%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                              | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5965000 | PA      | $6274275.11   | 0.43%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily ML Certificates                                          | FREDDIE MAC STRUCTURED PASS THROUGH CERT                                                                                       | CUSIP: 3137HCXR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2478319 | PA      | $2496314.18   | 0.17%             | 2040-10-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                          | CUSIP: 167505XA9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    265000 | PA      | $269732.32    | 0.02%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                    | CUSIP: 452153KA6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055421.70   | 0.21%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                                                                              | CUSIP: 31350ADQ8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1993305 | PA      | $1987771.72   | 0.14%             | 2041-08-25      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                             | CUSIP: 59335KET0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1787857.49   | 0.12%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                  | CUSIP: 592647MZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2073800.80   | 0.14%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                    | CUSIP: 64966SHK5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3064363.20   | 0.21%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                                                                                        | CUSIP: 45505MDJ2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1716749.23   | 0.12%             | 2044-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57585BBJ6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003299.90   | 0.07%             | 2026-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                      | Long: IS2E473   IRS USD R V 12MUSCPI IS2E484 INFLATIONZERO / Short: IS2E473   IRS USD P F  2.41250 IS2E473 INFLATIONZERO       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | GB        |   7000000 | OU      | $435039.01    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS30EN6   IRS USD R V 00MSOFR IS30EO7 CCPOIS / Short: BS30EN6   IRS USD P F  3.85600 IS30EN6 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2466000 | OU      | $-2313.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HLTHCARE FACS REVENUE                                                                                       | CUSIP: 74444KBQ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303811.17    | 0.02%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS1LUC2   IRS USD R V 12MUSCPI IS1LUD3 INFLATIONZERO / Short: IS1LUC2   IRS USD P F  2.37800 IS1LUC2 INFLATIONZERO       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  18000000 | OU      | $1981906.74   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 64990FE34<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1735200.40   | 0.12%             | 2032-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                                                                                   | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5210997.00   | 0.35%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 6461363Q2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3048814.50   | 0.21%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                                                                                    | CUSIP: 25477GYM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10242915.00  | 0.70%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lincoln Airport Authority                                                        | LINCOLN NE ARPT AUTH                                                                                                           | CUSIP: 534247QX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $2946221.11   | 0.20%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                             | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                                                                                    | CUSIP: 88880LAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1565713.60   | 0.11%             | 2049-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                                                                                    | CUSIP: 25477GUU7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5795000 | PA      | $5953370.40   | 0.40%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                 | CUSIP: 650116FS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1574550.22   | 0.11%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL                | BIRMINGHAM AL SPL CARE FACS FING AUTH HLTH CARE FAC                                                                            | CUSIP: 090929GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3905000 | PA      | $3909463.81   | 0.27%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                                                                    | Sutter Health                                                                                                                  | CUSIP: 86944BAH6<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $767710.00    | 0.05%             | 2040-08-15      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ENVRNMNTL REVENUE                                                                                          | CUSIP: 455054BH8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5782768.68   | 0.39%             | 2031-03-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                       | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                                                                                      | CUSIP: 45884AF57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068951.60   | 0.14%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                          | CUSIP: 167505UT1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1233427.68   | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH POLL CONTROL REVENUE                                                                                       | CUSIP: 45505VAE6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    495000 | PA      | $464870.49    | 0.03%             | 2030-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9594147 | PA      | $9266926.22   | 0.63%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                               | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4734503 | PA      | $4697264.63   | 0.32%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                              | CUSIP: 09182TCT2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2553059.25   | 0.17%             | 2049-06-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                              | CUSIP: 688031EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $81702.24     | 0.01%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8165078 | PA      | $159214.12    | 0.01%             | 2036-09-20      | Variable      | 0.33%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE                                                                          | CUSIP: 888805BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $501885.58    | 0.03%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532LU6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1406752.81   | 0.10%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Align Affordable Housing Bond Fund LP                                            | ALIGN CAP SER 2022-1 TRUST VIRGINIA                                                                                            | CUSIP: 01630QAA6<br>LEI: 549300B2I0LUTCXK9B86 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1800869.80   | 0.12%             | 2052-08-01      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                       | CUSIP: 11861MBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1202097.99   | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1987937 | PA      | $1815278.10   | 0.12%             | 2051-10-20      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                | CUSIP: 59333MW68<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3557779.40   | 0.24%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                      | CUSIP: 837151PS2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1536328.39   | 0.10%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                                                                                        | CUSIP: 97689REQ3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1080044.04   | 0.07%             | 2039-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                        | CUSIP: 592190QS4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075782.40   | 0.07%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                      | CUSIP: 544445S26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4211194.00   | 0.29%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                 | CUSIP: 126292BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2491218.88   | 0.17%             | 2043-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS2NID4   IRS USD R V 12MUSCPI IS2NIE5 INFLATION ZERO / Short: IS2NID4   IRS USD P F  2.40250 IS2NID4 INFLATION ZERO     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  50000000 | OU      | $1313984.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  18485000 | PA      | $18375759.20  | 1.25%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                                  | CUSIP: 452252PP8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   7015000 | PA      | $7137473.48   | 0.49%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                  | LOUISIANA ST GAS & FUELS TAX REVENUE                                                                                           | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3965000 | PA      | $3955658.46   | 0.27%             | 2043-05-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                      | CUSIP: 837151SL4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    930000 | PA      | $932247.53    | 0.06%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                               | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    828000 | PA      | $824915.62    | 0.06%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                                                                                   | CUSIP: 60534XLR5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007170.80   | 0.07%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                           | CUSIP: 709225FK7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082595.30   | 0.07%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                        | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064388.80   | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                           | CUSIP: 155498LR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1759465.73   | 0.12%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCHSNER LSU HEALTH SYST                                                          | Ochsner LSU Health System of North Louisiana                                                                                   | CUSIP: 67555JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300000 | PA      | $1890600.00   | 0.13%             | 2031-05-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                        | CUSIP: 3137H9JP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1118486 | PA      | $59509.95     | 0.00%             | 2036-07-25      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | CALIFORNIA ST UNIV REVENUE                                                                                                     | CUSIP: 13077DQP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $796720.50    | 0.05%             | 2035-11-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE                                                                          | CUSIP: 888805BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491079.20    | 0.03%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                       | CUSIP: 79766DWN5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5960000 | PA      | $6299551.33   | 0.43%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                    | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1190512.01   | 0.08%             | 2054-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Knox County Industrial Development Board                                         | KNOX CNTY TN INDL DEV BRD SOL WST DISPOSAL REVENUE                                                                             | CUSIP: 499534AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011917.90   | 0.07%             | 2032-11-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                                                                                     | CUSIP: 052398HT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2493052.50   | 0.17%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                                                                                      | CUSIP: 517845NA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6352230.76   | 0.43%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                        | CUSIP: 084538JK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    933000 | PA      | $670912.46    | 0.05%             | 2044-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL Airport System Revenue                                   | PALM BEACH CNTY FL ARPT SYS REVENUE                                                                                            | CUSIP: 696499FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1130241.31   | 0.08%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                            | OYSTER BAY NY                                                                                                                  | CUSIP: 692160VD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3446859.31   | 0.23%             | 2026-03-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FKJ2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    640000 | PA      | $672813.50    | 0.05%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                             | CUSIP: 87638TJN4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059263.90   | 0.07%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA INDL DEV AUTH HOSP REVENUE                                                                                             | CUSIP: 04052EAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $565000.00    | 0.04%             | 2048-02-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CALIFORNIA ST PUBLIC PWR AUTH STHRN TRANSMISSION SYSTE                                                                   | CUSIP: 842469AQ1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3931312.37   | 0.27%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                              | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8443552.00   | 0.57%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2AK06   IRS USD R V 12MUSCPI IS2AK17 CCPINFLATIONZERO / Short: BS2AK06   IRS USD P F  2.48750 IS2AK06 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  10000000 | OU      | $850922.70    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                      | CUSIP: 544445A74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4220392.00   | 0.29%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                                  | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $415385.26    | 0.03%             | 2040-12-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                        | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM                                                                   | CUSIP: 864809BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2357879.27   | 0.16%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                                                                                      | CUSIP: 04108WCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076350.40   | 0.07%             | 2048-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                               | CUSIP: 57582R7T7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069564.00   | 0.14%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS30F99   IRS USD R V 00MSOFR IS30FA0 CCPOIS / Short: BS30F99   IRS USD P F  3.84400 IS30F99 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6354000 | OU      | $430.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                 | CUSIP: 13013FAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3315000 | PA      | $2449560.57   | 0.17%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                        | CUSIP: 084538JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $330118.23    | 0.02%             | 2034-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                  | CUSIP: 93974DX29<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1786550.89   | 0.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                         | CUSIP: 837032CE9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1784437.20   | 0.12%             | 2054-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                                                                              | CUSIP: 79625GDS9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051698.60   | 0.14%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS20V36   IRS USD R V 12MUSCPI IS20V47 CCPINFLATIONZERO / Short: BS20V36   IRS USD P F   .73500 IS20V36 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  14770000 | OU      | $3697211.19   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                 | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    900000 | PA      | $899979.21    | 0.06%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                                  | CUSIP: 452252PU7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   7790000 | PA      | $7960690.59   | 0.54%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                                                                             | CUSIP: 97671VCM5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    960000 | PA      | $957025.82    | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP PUBLIC SCHS REVENUE                                                                   | CUSIP: 762196Q55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3270216.87   | 0.22%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                                                                                      | CUSIP: 517845TH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5650000 | PA      | $5805184.03   | 0.39%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                  | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2112957.40   | 0.14%             | 2054-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                             | CUSIP: 249182QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7910000 | PA      | $8603137.48   | 0.59%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420613 | PA      | $1405775.33   | 0.10%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                                                                               | CUSIP: 79739GSY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048031.40   | 0.07%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                   | CUSIP: 646140GC1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026224.60   | 0.07%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ                                                              | GLENDALE AZ COPS                                                                                                               | CUSIP: 37828AAK5<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3416965.60   | 0.23%             | 2033-07-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV                                                                   | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110847.60   | 0.14%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                     | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1988859.80   | 0.14%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                       | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                                                                                      | CUSIP: 45884AK77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038657.90   | 0.07%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS1BRC1   IRS USD R V 12MUSCPI IS1BRD2 INFLATIONZERO / Short: IS1BRC1   IRS USD P F  2.40250 IS1BRC1 INFLATIONZERO       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  25000000 | OU      | $2715702.75   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                | QUINCY MA                                                                                                                      | CUSIP: 748508Y93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535776.35   | 0.10%             | 2026-07-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS30771   IRS USD R V 12MUSCPI IS30782 INFLATION ZERO / Short: IS30771   IRS USD P F  2.44000 IS30771 INFLATION ZERO     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  11500000 | OU      | $106954.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                                                                           | CUSIP: 04052BQU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $437010.35    | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                        | CUSIP: 592190QT2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1386810.88   | 0.09%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS2ZTE8   IRS USD R V 12MUSCPI IS2ZTF9 INFLATION ZERO / Short: IS2ZTE8   IRS USD P V 12MUSCPI IS2ZTF9 INFATION ZERO      | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  16500000 | OU      | $188090.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                                                                                    | CUSIP: 68608JXD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.05%             | 2034-08-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                     | AMERICAN MUNI PWR-OHIO INC OH REVENUE                                                                                          | CUSIP: 02765UMG6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5035138.50   | 0.34%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                    | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1156656.01   | 0.08%             | 2056-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority 2019-B                                    | Illinois Housing Development Authority                                                                                         | CUSIP: 3137ERAC6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |  12260420 | PA      | $10911715.38  | 0.74%             | 2035-11-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                           | CUSIP: 709225AY2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $966055.01    | 0.07%             | 2042-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                                                                        | CUSIP: 45203PAA2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957842.90    | 0.07%             | 2043-12-01      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS349W2   IRS USD R V 12MUSCPI IS349X3 INFLATIONZERO / Short: IS349W2   IRS USD P F  2.41300 IS349W2 INFLATIONZERO       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  28000000 | OU      | $319219.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                  | CUSIP: 592647MS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2152046.60   | 0.15%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS249D4   IRS USD R V 12MUSCPI IS249E5 CCPINFLATIONZERO / Short: BS249D4   IRS USD P F  1.73100 IS249D4 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1670000 | OU      | $303530.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                  | CUSIP: 93974EU95<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3071225.40   | 0.21%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                                                                              | CUSIP: 31350ADR6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1945616 | PA      | $1896642.59   | 0.13%             | 2042-11-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| Fayetteville State University                                                    | FAYETTEVILLE NC ST UNIV                                                                                                        | CUSIP: 312810FF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $706996.13    | 0.05%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HLTHCARE FACS REVENUE                                                                                       | CUSIP: 74444KBR4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352454.27    | 0.02%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                                                                                           | CUSIP: 207758A37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3040000 | PA      | $3170631.84   | 0.22%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS1O5T3   IRS USD R V 12MUSCPI IS1O5U4 INFLATIONZERO / Short: IS1O5T3   IRS USD P F  2.36750 IS1O5T3 INFLATIONZERO       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  22000000 | OU      | $2378027.52   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                                                                                       | CUSIP: 717883TK8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5076413.00   | 0.35%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                              | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                                                                                     | CUSIP: 4387014P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2186024.80   | 0.15%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                             | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     16701 | PA      | $10375.30     | 0.00%             | 2043-11-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                            | YUMA AZ INDL DEV AUTH HOSP REVENUE                                                                                             | CUSIP: 988514CX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1640799.52   | 0.11%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                                             | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                   | CUSIP: 11023PAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $701841.70    | 0.05%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                | CUSIP: 20775DPH9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3537457.63   | 0.24%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP REVENUE                                                                                        | CUSIP: 64985HL62<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801924.16    | 0.05%             | 2038-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                         | Nuveen California AMT-Free Quality Municipal Income Fund                                                                       | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2047-10-01      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                  | CUSIP: 13063D5D6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10894579.00  | 0.74%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Wayne IN                                                            | FORT WAYNE IN ECON DEV SOLID WST FAC REVENUE                                                                                   | CUSIP: 34924CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     86712 | PA      | $8.67         | 0.00%             | 2029-12-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                   | CUSIP: 04052FBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $951634.49    | 0.06%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067DY1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    600000 | PA      | $645812.22    | 0.04%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                              | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1159578.09   | 0.08%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FJT2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    750000 | PA      | $783432.08    | 0.05%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                        | CUSIP: 084538JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $161870.30    | 0.01%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wilson County Health & Educational Facilities Board                              | WILSON CNTY TN HLTH & EDUCTNL FACS BRD MF REVENUE                                                                              | CUSIP: 972178AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $748579.30    | 0.05%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS2DUQ1   IRS USD R V 12MUSCPI IS2DUR2 INFLATIONZERO / Short: IS2DUQ1   IRS USD P F  2.94350 IS2DUQ1 INFLATIONZERO       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  29000000 | OU      | $1614246.43   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                 | CUSIP: 745160TV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1939905.80   | 0.13%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                                                                                       | CUSIP: 717883A69<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4127134.80   | 0.28%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                                       | CUSIP: 64972GF74<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2282156.00   | 0.16%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE                                                                   | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2104899.80   | 0.14%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA INDL DEV AUTH HOSP REVENUE                                                                                             | CUSIP: 04052EBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1695964.68   | 0.12%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orangeburg County School District                                                | ORANGEBURG CNTY SCH DIST                                                                                                       | CUSIP: 685363AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2401760.64   | 0.16%             | 2025-08-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                                                                                       | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005312.20   | 0.07%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                        | CUSIP: 89602HAL1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $770871.40    | 0.05%             | 2040-05-15      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 6461363J8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4170000 | PA      | $4252967.57   | 0.29%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS23W54   IRS USD R V 12MUSCPI IS23W65 CCPINFLATIONZERO / Short: BS23W54   IRS USD P F  1.58700 IS23W54 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4825000 | OU      | $945677.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033710.10   | 0.07%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                           | M-S-R CA ENERGY AUTH GAS REVENUE                                                                                               | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $2075477.39   | 0.14%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ENVRNMNTL REVENUE                                                                                          | CUSIP: 455054BG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   7555000 | PA      | $7635645.85   | 0.52%             | 2035-05-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Orangeburg County School District                                                | ORANGEBURG CNTY SCH DIST                                                                                                       | CUSIP: 685363AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3069984.00   | 0.21%             | 2026-08-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                                                                                        | CUSIP: 04062PCT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916941.00    | 0.06%             | 2043-01-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                           | CUSIP: 155498LT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036743.20   | 0.07%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 64990FZU1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956081.40    | 0.07%             | 2039-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST SPL OBLG REVENUE                                                                                              | CUSIP: 576004HG3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    633020 | PA      | $628863.17    | 0.04%             | 2031-07-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS23XF1   IRS USD R V 12MUSCPI IS23XG2 CCPINFLATIONZERO / Short: BS23XF1   IRS USD P F  1.57200 IS23XF1 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4825000 | OU      | $952784.35    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                              | CUSIP: 688031EM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $73023.57     | 0.00%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                        | CUSIP: 592190QX3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1538999.06   | 0.10%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF HSG REVENUE                                                                                        | CUSIP: 45203LDS9<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125160.29    | 0.01%             | 2038-11-01      | Fixed         | 7.17%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                               | CUSIP: 57582TCL4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562539.95   | 0.11%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 6461362D2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4390000 | PA      | $4474665.10   | 0.30%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                               | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005919.20   | 0.14%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Knox County Industrial Development Board                                         | KNOX CNTY TN INDL DEV BRD SOL WST DISPOSAL REVENUE                                                                             | CUSIP: 499534AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975326.10    | 0.07%             | 2042-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2BRP3   IRS USD R V 12MUSCPI IS2BRQ4 CCPINFLATIONZERO / Short: BS2BRP3   IRS USD P F  2.51000 IS2BRP3 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  40000000 | OU      | $2836011.20   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Detroit MI Sewage Disposal System Revenue                                | DETROIT MI SWR DISP SYS REVENUE                                                                                                | CUSIP: 251237W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2580926.15   | 0.18%             | 2032-07-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                  | CUSIP: 592647NS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084354.90   | 0.07%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                            | CUSIP: 59333P7N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4970000 | PA      | $5241913.17   | 0.36%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission                                                                                    | CUSIP: 93978TS67<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | CORP              | US        |    937738 | PA      | $36558.38     | 0.00%             | 2035-12-20      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4810104 | PA      | $4517955.75   | 0.31%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                                                                                             | CUSIP: 432308W75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056492.00   | 0.14%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2BFX7   IRS USD R V 12MUSCPI IS2BFY8 CCPINFLATIONZERO / Short: BS2BFX7   IRS USD P F  2.78200 IS2BFX7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   7850000 | OU      | $658654.49    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                      | Long: IS2E7D0   IRS USD R V 12MUSCPI IS2E7E1 INFLATIONZERO / Short: IS2E7D0   IRS USD P F  2.38000 IS2E7D0 INFLATIONZERO       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | GB        |  14000000 | OU      | $940343.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                   | CUSIP: 45204E6Y9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98382.16     | 0.01%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                   | CUSIP: 59447TKZ5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1780651.15   | 0.12%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                                                                                           | CUSIP: 62620HJW3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1160692.13   | 0.08%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                 | LOS ANGELES CA WSTWTR SYS REVENUE                                                                                              | CUSIP: 53945CMT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579151.85   | 0.11%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                   | CUSIP: 64542UFQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $183643.34    | 0.01%             | 2036-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS2NNH3   IRS USD R V 12MUSCPI  IS2NNI4 INFLATION ZERO / Short: IS2NNH3   IRS USD P F  2.46300 IS2NNH3 INFLATION ZERO    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |   9500000 | OU      | $167038.88    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                     | CUSIP: 2510933P3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765328.73    | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PF59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504013.85   | 0.10%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS34S14   IRS USD R V 12MUSCPI IS34S25 INFLATIONZERO / Short: IS34S14   IRS USD P F  2.47700 IS34S14 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  70000000 | OU      | $512538.60    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                 | CUSIP: 126292BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1525620.60   | 0.10%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE                                                                   | CUSIP: 64542PGN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972769.90    | 0.07%             | 2035-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                     | CUSIP: 575896TL9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2537997.75   | 0.17%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                                 | CUSIP: 20772JD33<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2840000.00   | 0.19%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS1GUO9   IRS USD R V 12MUSCPI IS1GUP0 INFLATIONZERO / Short: IS1GUO9   IRS USD P F  2.12800 IS1GUO9 INFLATIONZERO       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  14000000 | OU      | $2173184.44   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                  | CUSIP: 592647EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3139533.75   | 0.21%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                                             | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                   | CUSIP: 11023PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1331504.31   | 0.09%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS1VNV2   IRS USD R V 12MUSCPI IS1VNW3 CCPINFLATIONZERO / Short: BS1VNV2   IRS USD P F  1.74800 IS1VNV2 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  12000000 | OU      | $2181072.00   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 650028A78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2888606.01   | 0.20%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                     | CUSIP: 575896VF9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3082868.33   | 0.21%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                               | CUSIP: 7352402N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2908915.95   | 0.20%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAST STEP RECYCLING LLC                                                          | LAST STEP RECYCLING LLC                                                                                                        | CUSIP: 518118AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    372695 | PA      | $372695.00    | 0.03%             | 2028-12-15      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 64990FW83<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1908799.80   | 0.13%             | 2039-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 167593X49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3835505.52   | 0.26%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dakota County Community Development Agency                                       | DAKOTA CNTY MN CMNTY DEV AGY MF HSG REVENUE                                                                                    | CUSIP: 23409VFM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931582.00    | 0.06%             | 2041-07-01      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                     | CUSIP: 735389C89<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   8280000 | PA      | $8506485.32   | 0.58%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                                                                                  | CUSIP: 154872AT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   6115000 | PA      | $6115000.00   | 0.42%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                        | CUSIP: 04780MF53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6830000 | PA      | $6844122.39   | 0.47%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Palmetto FL                                                              | PALMETTO FL EDUCTNL FACS REVENUE                                                                                               | CUSIP: 697074AC6<br>LEI: 549300O5DRDBXPBU6I08 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2341795.20   | 0.16%             | 2042-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                               | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4121493.60   | 0.28%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                        | CUSIP: 89602HAJ6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1629816.80   | 0.11%             | 2036-05-15      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067DX3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $434365.56    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Longview Independent School District                                             | LONGVIEW TX INDEP SCH DIST                                                                                                     | CUSIP: 543264YF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1672566.03   | 0.11%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Energy Finance Development Corp                                         | NEW YORK ENERGY FIN DEV CORP                                                                                                   | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042223.10   | 0.07%             | 2056-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                                                                                      | CUSIP: 717825QD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9240402.00   | 0.63%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                         | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2570561.50   | 0.17%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reynoldsburg City School District                                                | REYNOLDSBURG OH CITY SCH DIST                                                                                                  | CUSIP: 761852GF3<br>LEI: 5493008FQ0C4VK7NRG77 | Long             | DBT              | MUN               | US        |    910000 | PA      | $938045.11    | 0.06%             | 2032-09-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                   | CUSIP: 45204EBW7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998749.80   | 0.14%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                    | CUSIP: 64966QZY9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $2952837.26   | 0.20%             | 2027-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                                                                                             | CUSIP: 199546DB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1444005.13   | 0.10%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                | CUSIP: 74442CCV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1196311.99   | 0.08%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                               | CUSIP: 57582R5M4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116384.00   | 0.14%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                                                                                  | CUSIP: 586111PM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3047939.86   | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnstown Plaza Metropolitan District                                            | JOHNSTOWN PLAZA MET DIST CO                                                                                                    | CUSIP: 479706AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1495722.46   | 0.10%             | 2046-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                | Long: IS1F3I1   IRS USD R V 12MUSCPI IS1F3J2 INFLATIONZERO / Short: IS1F3I1   IRS USD P F  2.14500 IS1F3I1 INFLATIONZERO       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  20000000 | OU      | $2997273.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532LV4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1960562.86   | 0.13%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Finance Authority                                                       | New Hampshire Business Finance Authority                                                                                       | CUSIP: 63607WAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4816235 | PA      | $204910.07    | 0.01%             | 2036-10-01      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                    | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2612944.14   | 0.18%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                               | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1464760.50   | 0.10%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS2SUX3   IRS USD R V 12MUSCPI IS2SUY4 INFLATION ZERO / Short: IS2SUX3   IRS USD P F  2.73000 IS2SUX3 INFLATION ZERO     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        | 145000000 | OU      | $2344528.20   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                                                                                        | CUSIP: 34074HHL9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002059.80   | 0.07%             | 2029-08-01      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                                        | CUSIP: 646067DZ8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    600000 | PA      | $639888.60    | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                           | CUSIP: 709225MP8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $6189784.36   | 0.42%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                      | Long: IS2XRA4   IRS USD R V 12MUSCPI IS2XRB5 INFLATION ZERO / Short: IS2XRA4   IRS USD P F  2.41325 IS2XRA4 INFLATION ZERO     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |  75000000 | OU      | $790947.75    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                 | CUSIP: 3922742E5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988061.70    | 0.07%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                             | CUSIP: 249182QK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2136925.20   | 0.15%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                    | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                                                                                    | CUSIP: 02936TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1339209.79   | 0.09%             | 2035-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                    | CUSIP: 64966QXU9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1848412.00   | 0.13%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 14                                     | VLG FL CDD #14 SPL ASSMNT REVENUE                                                                                              | CUSIP: 92708JAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2612186.40   | 0.18%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                             | CUSIP: 59335KEV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2901407.04   | 0.20%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                       | CUSIP: 11861MBC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1350343.41   | 0.09%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Housing Authority                                                        | CHICAGO IL HSG AUTH                                                                                                            | CUSIP: 16753QAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2572340.50   | 0.17%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                        | CUSIP: 35833TAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2397492 | PA      | $1949649.46   | 0.13%             | 2041-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                               | MONTANA ST FAC FIN AUTH REVENUE                                                                                                | CUSIP: 61204KKZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1373089.32   | 0.09%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57585BKA5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003831.50   | 0.07%             | 2045-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                       | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1118379.92   | 0.08%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                     | RENO-TAHOE NV ARPT AUTH ARPT REVENUE                                                                                           | CUSIP: 759874CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041787.80   | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado            | STHRN UTE INDIAN TRIBE OF STHRN UTE INDIAN RESERVATION CO                                                                      | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3164256.00   | 0.22%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                                                                                          | CUSIP: 400653KJ9<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1942837.78   | 0.13%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                              | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1064788.59   | 0.07%             | 2053-02-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                                | PENNSYLVANIA ST UNIV                                                                                                           | CUSIP: 7092354D4<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2652814.47   | 0.18%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTH                                                                                                  | CUSIP: 165588FK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $845787.54    | 0.06%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                                                                                    | CUSIP: 25477GWL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4180263.00   | 0.28%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                                                                                       | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1997881 | PA      | $1878725.18   | 0.13%             | 2040-10-20      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | SAINT CLOUD MN HLTH CARE REVENUE                                                                                               | CUSIP: 78916VEP1<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025705.30   | 0.07%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2NZH7   IRS USD R V 00MSOFR IS2NZI8 CCPOIS / Short: BS2NZH7   IRS USD P F  3.55300 IS2NZH7 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  14400000 | OU      | $207262.99    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Conroe Local Government Corp                                                     | CONROE TX LOCAL GOVT CORP HOTEL & CONTRACT REVENUE                                                                             | CUSIP: 20841CAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $806476.45    | 0.05%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                       | CUSIP: 11861MBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1211069.72   | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE                                                                          | CUSIP: 888805BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $950683.05    | 0.06%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                                                                                       | CUSIP: 717883A28<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2123399.00   | 0.14%             | 2039-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532PS7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033958.20   | 0.07%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                    | CUSIP: 452153JV2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044647.00   | 0.07%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   7710000 | PA      | $7681780.63   | 0.52%             | 2048-07-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Brooklyn Park MN                                                         | BROOKLYN PARK MN MF HSG REVENUE                                                                                                | CUSIP: 11423TAB8<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500976.65   | 0.10%             | 2042-01-01      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE                                                                      | CUSIP: 83704DAL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $110000.00    | 0.01%             | 2040-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS32ZH3   IRS USD R V 12MUSCPI IS32ZI4 INFLATIONZERO / Short: IS32ZH3   IRS USD P F  2.51600 IS32ZH3 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  12500000 | OU      | $99677.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                                                                                 | CUSIP: 795576MX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1499601.08   | 0.10%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                                                                                   | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   9015000 | PA      | $9062558.63   | 0.62%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH LEASE REVENUE                                                                                         | CUSIP: 71885MBV3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4050137.60   | 0.28%             | 2044-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                           | CUSIP: 709224A41<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1316911.91   | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                                                                                   | CUSIP: 402682CV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072652.00   | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS2YHI5   IRS USD R V 12MUSCPI IS2YHJ6  INFLATION ZERO / Short: IS2YHI5   IRS USD P F  2.35900 IS2YHI5  INFLATION ZERO   | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  20000000 | OU      | $453928.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                                     | CUSIP: 167486V63<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035717.20   | 0.07%             | 2040-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                              | CUSIP: 414009SG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2208689.40   | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 167593Z70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $646572.30    | 0.04%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                        | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE                                                                      | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1165963.96   | 0.08%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                               | OREGON ST HLTH & SCIENCE UNIV REVENUE                                                                                          | CUSIP: 685869HH5<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5108808.35   | 0.35%             | 2046-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                                                                                             | CUSIP: 199546CT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1176020.66   | 0.08%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                                                                                    | CUSIP: 574193PD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 2025 Loan Holding - 1                                                            | 2025 LOAN HOLDING - 1                                                                                                          | CUSIP: 90223AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4800000.00   | 0.33%             | 2026-05-01      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS32ZF1   IRS USD R V 12MUSCPI IS32ZG2 INFLATIONZERO / Short: IS32ZF1   IRS USD P F  2.45550 IS32ZF1 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  40000000 | OU      | $367251.20    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 64613CEW4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3530000 | PA      | $3159149.85   | 0.21%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                    | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3224197.77   | 0.22%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | WHITING IN ENVRNMNTL FACS REVENUE                                                                                              | CUSIP: 96634RAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992119.20    | 0.07%             | 2044-06-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                     | CUSIP: 64972JTM0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2573036.25   | 0.17%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                     | CUSIP: 64972JTC2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1915903.31   | 0.13%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOL                                                         | Baylor Scott & White Holdings                                                                                                  | CUSIP: 072863AG8<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984370.00    | 0.07%             | 2025-11-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| HACKENSACK MERIDIAN HLTH                                                         | Hackensack Meridian Health Inc                                                                                                 | CUSIP: 404530AC1<br>LEI: 5493001CB3OCWTEJY668 | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1245678.90   | 0.08%             | 2041-09-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                        | CUSIP: 084538JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1992367.30   | 0.14%             | 2039-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                       | CUSIP: 79766DWP0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091924.60   | 0.14%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                    | CUSIP: 452153EH8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3177251.10   | 0.22%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | KANSAS ST DEV FIN AUTH HOSP REVENUE                                                                                            | CUSIP: 48542AFG1<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |    720000 | PA      | $767169.65    | 0.05%             | 2054-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE                                                                          | CUSIP: 43233KAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116220.80   | 0.08%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                             | CUSIP: 87638TGC1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2614731.00   | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS2YBO9   IRS USD R V 12MUSCPI IS2YBP0 INFLATION ZERO / Short: IS2YBO9   IRS USD P F  2.15450 IS2YBO9 INFLATION ZERO     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  18000000 | OU      | $250105.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                   | CUSIP: 04052FBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $687424.60    | 0.05%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                   | CUSIP: 646140GB3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2477021.28   | 0.17%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 64613CEF1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1269407.38   | 0.09%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                 | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2581542.36   | 0.18%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | PORT OF GTR CINCINNATI DEV AUTH OH MF HSG REVENUE                                                                              | CUSIP: 73419RAE2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988702.80    | 0.07%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                       | CUSIP: 25483VZU1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5865220.22   | 0.40%             | 2032-02-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                                                                                    | CUSIP: 574193VM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094471.80   | 0.07%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HLTH CARE FACS REVENUE                                                                                        | CUSIP: 40727TDN1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981525.30    | 0.07%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | COLORADO ST COPS                                                                                                               | CUSIP: 196711UZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6674023.80   | 0.45%             | 2041-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                                                                                  | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5307663.00   | 0.36%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                           | CUSIP: 155498LN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1687180.79   | 0.11%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                 | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  16155000 | PA      | $16338221.93  | 1.11%             | 2051-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532NV2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2666737.22   | 0.18%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Educational Facilities Authority                               | MIAMI-DADE CNTY FL EDUCTNL FACS AUTH REVENUE                                                                                   | CUSIP: 59333APN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063045.60   | 0.07%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARC70 II TRUST                                                                   | ARC70 II TR CA                                                                                                                 | CUSIP: 03880NAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5560471 | PA      | $5223851.76   | 0.36%             | 2065-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU                                                                   | CUSIP: 88283KBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061278.00   | 0.07%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                          | CUSIP: 167505WZ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    135000 | PA      | $138222.13    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                                                                                   | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1996477.40   | 0.14%             | 2034-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                                                                                 | CUSIP: 795576LR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1501133.76   | 0.10%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 64613CEC8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3381767.83   | 0.23%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                    | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                                                                                    | CUSIP: 02936TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $197936.72    | 0.01%             | 2028-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                              | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004374.70   | 0.07%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Align Affordable Housing Bond Fund LP                                            | ALIGN CAP SER 2021-3 TRUST                                                                                                     | CUSIP: 01631GAA7<br>LEI: 549300B2I0LUTCXK9B86 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2176220.50   | 0.15%             | 2051-12-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532MP6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1750574.32   | 0.12%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS33P87   IRS USD R V 12MUSCPI IS33P98 INFLATIONZERO / Short: IS33P87   IRS USD P F  3.07200 IS33P87 INFLATIONZERO       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  55000000 | OU      | $-293514.65   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                 | CUSIP: 63607WAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    992377 | PA      | $39142.82     | 0.00%             | 2039-08-20      | Variable      | 0.51%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                 | CUSIP: 126292BL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1838495.80   | 0.13%             | 2047-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                    | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   5790000 | PA      | $6161767.79   | 0.42%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                                                                                   | CUSIP: 39081JHQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122942.20   | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                                                                                                 | CUSIP: 44244CXF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $965464.96    | 0.07%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH EDUCTNL FACS REVENUE                                                                                          | CUSIP: 45470ECA1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5044015.00   | 0.34%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                            | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3372263.25   | 0.23%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                              | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4203688.40   | 0.29%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Howard Bend Levee District                                                       | HOWARD BEND MO LEVEE DIST                                                                                                      | CUSIP: 442499CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $124394.54    | 0.01%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | IOWA ST HGR EDU LOAN AUTH                                                                                                      | CUSIP: 4624607R1<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2024792.54   | 0.14%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chillicothe OH                                                           | CHILLICOTHE OH HOSP FACS REVENUE                                                                                               | CUSIP: 169203AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3412295.62   | 0.23%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                       | CUSIP: 544532LT9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077713.80   | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                        | CUSIP: 04780ME96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3440000 | PA      | $3549353.47   | 0.24%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                  | CUSIP: 044293BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132519.79    | 0.01%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                     | CUSIP: 64972JJW9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2013335.57   | 0.14%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                       | CUSIP: 25483VVN1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2411286.96   | 0.16%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                         | CUSIP: 613603YR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547224.95   | 0.11%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS29GF0   IRS USD R V 12MUSCPI IS29GG1 CCPINFLATIONZERO / Short: BS29GF0   IRS USD P F  2.51000 IS29GF0 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  10000000 | OU      | $957242.70    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                                                                                     | CUSIP: 79642GPP1<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2194510.54   | 0.15%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** AB BOND FUND, INC.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller