# EDGAR Filing Document

**Accession Number:** 0000881309
**File Stem:** 0002071691-25-003346
**Filing Date:** 2025-10
**Character Count:** 356740
**Document Hash:** 34bd3af00f6eefd290fe41a25598f231
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-003346.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0002071691-25-003346

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN MUNICIPAL SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000881309

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06481
- **FILM NUMBER:** 251418340

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN CALIFORNIA HIGH YIELD MUNICIPAL FUND (Series ID: S000006860)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018537 | CLASS A1      | FCAMX           |
| C000018539 | CLASS C       | FCAHX           |
| C000040036 | ADVISOR CLASS | FVCAX           |
| C000194351 | CLASS R6      | FCAQX           |
| C000205976 | Class A       | FCQAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Municipal Securities Trust

- **b. Investment Company Act file number:** 811-06481

- **c. CIK number of Registrant:** 0000881309

- **d. LEI of Registrant:** 549300IQ3KCBG0A00O42

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin California High Yield Municipal Fund

- **b. EDGAR series identifier (if any):** S000006860

- **c. LEI of Series:** 549300WH5SJKCPH6N973

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $2993778423.52

**Total Liabilities:** $54271032.12

**Net Assets:** $2939507391.40

**Delayed Delivery Securities:** $41011597.00

**Cash Not Reported:** $2593770.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -594.71000000 | **1-Year:** -5027.90000000 | **5-Year:** -35448.49000000 | **10-Year:** -418621.19000000 | **30-Year:** -620520.40000000

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

- **3-Month:** -8.67000000 | **1-Year:** -8421.65000000 | **5-Year:** -17279.04000000 | **10-Year:** -340640.46000000 | **30-Year:** -881218.34000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194351 | 0.57%                | -0.88%               | 0.83%                |
| Class ID C000040036 | 0.57%                | -0.88%               | 0.83%                |
| Class ID C000018539 | 0.51%                | -0.93%               | 0.87%                |
| Class ID C000205976 | 0.66%                | -0.90%               | 0.81%                |
| Class ID C000018537 | 0.56%                | -0.89%               | 0.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3168047.35             | $9631971.68                                |
| Month 2  | $-151790.90              | $-36085842.98                              |
| Month 3  | $-4679451.58             | $17572403.32                               |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                                                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lake Tahoe Unified School District                                              | Lake Tahoe Unified School District, Series 2012                                                                          | CUSIP: 511012LZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1175343.76   | 0.04%             | 2040-08-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13048VPY8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1591130.81   | 0.05%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hanford Joint Union High School District                                        | Hanford Joint Union High School District, Series B                                                                       | CUSIP: 410360GT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $2921450.23   | 0.10%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                              | Matching Fund Special Purpose Securitization Corp., Series 2022 A                                                        | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   9660000 | PA      | $9624912.95   | 0.33%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13078YNV3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1629797.76   | 0.06%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Ranch Water District Water Service Corp.                                 | Irvine Ranch Water District, Series 2009 B                                                                               | CUSIP: 4636324K2<br>LEI: 2ZRS7W19IBMY48SFBI68 | Long             | STIV             | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.06%             | 2041-10-01      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| City of Oroville CA                                                             | City of Oroville, Series 2019                                                                                            | CUSIP: 687241AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2308159.20   | 0.08%             | 2054-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048VCA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6085000 | PA      | $4988539.59   | 0.17%             | 2047-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Public Financing Authority                                               | Jurupa Public Financing Authority, Series 2015 B                                                                         | CUSIP: 482085DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.14%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TGL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5610000 | PA      | $5343625.98   | 0.18%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                                                      | CUSIP: 13051AML9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952257.80    | 0.03%             | 2055-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VVJ4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8425000 | PA      | $6594924.03   | 0.22%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vacaville CA                                                            | City of Vacaville, Series 2025 A                                                                                         | CUSIP: 918581CF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $785161.84    | 0.03%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 C                                                                    | CUSIP: 13051AFS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $4235124.18   | 0.14%             | 2052-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2023                                                                                           | CUSIP: 7778706A9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559935.65   | 0.05%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Alameda Community Facilities District                                           | Alameda Community Facilities District, Series 2023                                                                       | CUSIP: 010780DC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $875347.60    | 0.03%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2015                                                      | CUSIP: 13078YJQ9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3711570.94   | 0.13%             | 2045-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 A                                                    | CUSIP: 13078YRZ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2559170.65   | 0.09%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023                                                                      | CUSIP: 13051AGH5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1086479.22   | 0.04%             | 2053-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                      | Riverside County Transportation Commission, Series 2013 B                                                                | CUSIP: 76912DAT5<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $3128448.75   | 0.11%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2025 A                                                    | CUSIP: 13078YWK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5374908.55   | 0.18%             | 2050-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1549982.95   | 0.05%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13048TWM1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9692354.00   | 0.33%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4340365.86   | 0.15%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority                                        | Three Rivers Levee Improvement Authority, Series 2021 B                                                                  | CUSIP: 88563DAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $2568351.17   | 0.09%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rowland Unified School District                                                 | Rowland Unified School District, Series 2009 B                                                                           | CUSIP: 779631ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $5037078.05   | 0.17%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No. 2020-1               | City & County of San Francisco, Series 2021 C                                                                            | CUSIP: 79771HAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3079354.59   | 0.10%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2025                                                                                             | CUSIP: 56453TBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $421507.29    | 0.01%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverbank Unified School District                                               | Riverbank Unified School District, Series 2008 B                                                                         | CUSIP: 768569CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $3660928.25   | 0.12%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                        | Romoland School District, Series 2015                                                                                    | CUSIP: 776192NS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001322.70   | 0.10%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2019                                                                      | CUSIP: 13049YEB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9575000 | PA      | $9041094.17   | 0.31%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | California State Public Works Board, Series 2025 A                                                                       | CUSIP: 13068XPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7687383.00   | 0.26%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024                                                                 | CUSIP: 13069ABA5<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1174739.09   | 0.04%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591BC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1180727.47   | 0.04%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2021 A-2                                                                     | CUSIP: 13013FAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9265000 | PA      | $6764412.63   | 0.23%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Madera CA                                                             | County of Madera, Series 2022                                                                                            | CUSIP: 55646MDR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3112007.36   | 0.11%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024 B                                                           | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10443962.00  | 0.36%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | Los Angeles Department of Water & Power, Series 2022 D                                                                   | CUSIP: 544525Q35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12090000 | PA      | $12125289.50  | 0.41%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                     | Orange County Community Facilities District, Series 2015 A                                                               | CUSIP: 68423PVZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1496305.88   | 0.05%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13048VV21<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $610877.16    | 0.02%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                           | City of Sacramento, Series 2017                                                                                          | CUSIP: 786071LZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305270.91    | 0.01%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018                                                      | CUSIP: 13080STJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5283367.20   | 0.18%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUY2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $357243.18    | 0.01%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13049AAF0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011870.40   | 0.10%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series 2016 B-1                                                                    | CUSIP: 74526YAH8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1601765 | PA      | $1049156.08   | 0.04%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023                                                                         | CUSIP: 13058TSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501800.75    | 0.02%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2025                                                                    | CUSIP: 76827QME0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4050265.20   | 0.14%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017                                                                         | CUSIP: 13058TSP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $833497.04    | 0.03%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2021 Q-S                                                                       | CUSIP: 13034PD79<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3545750.00   | 0.12%             | 2052-11-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024 A                                                                       | CUSIP: 130591BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1379295.68   | 0.05%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 21 B                                                                                              | CUSIP: 13136CAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5220000 | PA      | $678600.00    | 0.02%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2022 B                                                    | CUSIP: 13078YUC7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008802.60   | 0.10%             | 2042-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2019                                                                         | CUSIP: 13059TGK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5370280.93   | 0.18%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1793242.69   | 0.06%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2025                                                                                      | CUSIP: 75211RRS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $545639.77    | 0.02%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                           | City of Sacramento, Series 2024                                                                                          | CUSIP: 786071SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962148.60    | 0.03%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024                                                                         | CUSIP: 13058TUV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1440864.00   | 0.05%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752224.13    | 0.03%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2025 A                                                                       | CUSIP: 13057JAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4984457.00   | 0.17%             | 2065-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                  | Palomar Health, Series 2016                                                                                              | CUSIP: 697528AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12190000 | PA      | $10347365.70  | 0.35%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series 3                                                                           | CUSIP: 74526YAC9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    600000 | PA      | $393000.00    | 0.01%             | 2022-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 B                                                                    | CUSIP: 130483GK0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $3876909.40   | 0.13%             | 2062-12-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2025 P-S                                                                       | CUSIP: 13034DAV6<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  16970000 | PA      | $16758684.47  | 0.57%             | 2067-07-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Richland School District                                                        | Richland School District, Series 2009 C                                                                                  | CUSIP: 763507FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $6171070.40   | 0.21%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2021-1, Class A                                                                | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3725796 | PA      | $3516049.95   | 0.12%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                             | Tracy Community Facilities District, Series 2018                                                                         | CUSIP: 892376QZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5494825.05   | 0.19%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  22250000 | PA      | $21246318.08  | 0.72%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017                                                                         | CUSIP: 13058TTA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $611100.56    | 0.02%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13048VPX0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4290000 | PA      | $3731242.52   | 0.13%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2017                                                                                           | CUSIP: 777870YB6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1301418.84   | 0.04%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oroville CA                                                             | City of Oroville, Series 2019                                                                                            | CUSIP: 687241AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3557758.50   | 0.12%             | 2049-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sulphur Springs Union School District                                           | Sulphur Springs Union School District, Series 2018                                                                       | CUSIP: 865483FU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2828595.92   | 0.10%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 B                                                    | CUSIP: 13078YSM8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3145000 | PA      | $2534989.51   | 0.09%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3334616.60   | 0.11%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051BAC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    510000 | PA      | $494239.37    | 0.02%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13078YLA1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    795000 | PA      | $801990.20    | 0.03%             | 2027-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | City & County of San Francisco, Series 2022 A                                                                            | CUSIP: 79773NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1813908.20   | 0.06%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Public Financing Authority                                               | Jurupa Public Financing Authority, Series 2015 A                                                                         | CUSIP: 482085CP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.14%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                       | City of Vernon, Series 2020 A                                                                                            | CUSIP: 924397DY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1589179.63   | 0.05%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | Guam Power Authority, Series 2017 A                                                                                      | CUSIP: 400653JK8<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |   4750000 | PA      | $4780634.65   | 0.16%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                      | Lammersville Joint Unified School District, Series 2025                                                                  | CUSIP: 513533JV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3678498.38   | 0.13%             | 2050-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No. 2016-1      | City & County of San Francisco, Series 2020                                                                              | CUSIP: 79773JAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $1941858.24   | 0.07%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1038111.76   | 0.04%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AFE3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4508665.82   | 0.15%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | City & County of San Francisco, Series 2022 A                                                                            | CUSIP: 79773NAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $397366.16    | 0.01%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                | California Community College Financing Authority, Series 2022 B                                                          | CUSIP: 13012TAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2316787.25   | 0.08%             | 2030-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 21 A                                                                                              | CUSIP: 13136CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1370000 | PA      | $178100.00    | 0.01%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| San Bernardino Community College District                                       | San Bernardino Community College District, Series 2009 B                                                                 | CUSIP: 796720GG9<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |  12495000 | PA      | $4984637.85   | 0.17%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 C                                                    | CUSIP: 13078YNJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6605000 | PA      | $6573624.27   | 0.22%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2021 A-2                                                                     | CUSIP: 13013FBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3600542.50   | 0.12%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2014 A                                                                      | CUSIP: 45385LEG4<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4800533.28   | 0.16%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024 B                                                | CUSIP: 120827EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5183920.55   | 0.18%             | 2054-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1057843.93   | 0.04%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                          | Truckee-Donner Public Utility District, Series 2004                                                                      | CUSIP: 897817BM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2260509.82   | 0.08%             | 2029-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2641802.35   | 0.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2018                                                                         | CUSIP: 13058TGQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $859132.80    | 0.03%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2014 A                                                                      | CUSIP: 45385LEF6<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2015467.88   | 0.07%             | 2044-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | Guam Government Waterworks Authority, Series 2017                                                                        | CUSIP: 40065FDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   9885000 | PA      | $9922308.96   | 0.34%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005604.00   | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUU0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103487.09    | 0.00%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of La Verne CA                                                             | City of La Verne, Series 2014                                                                                            | CUSIP: 505205BP8<br>LEI: 54930008TF3OJRBUIJ91 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1757562.11   | 0.06%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside Union School District Community Facilities District                    | Westside Union School District, Series 2021                                                                              | CUSIP: 961491DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $298420.56    | 0.01%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2017                                                            | CUSIP: 13032UMK1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6288930.70   | 0.21%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                 | Anaheim Housing & Public Improvements Authority, Series 2024 A                                                           | CUSIP: 032556NJ7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.07%             | 2054-10-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1816436.39   | 0.06%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                | California Community College Financing Authority, Series 2018                                                            | CUSIP: 13012RAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7785000 | PA      | $7852002.38   | 0.27%             | 2053-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 B                                                                    | CUSIP: 13051AFJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1269809.96   | 0.04%             | 2052-09-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2017 A-2                                                        | CUSIP: 13032UMP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  11565000 | PA      | $11913020.92  | 0.41%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    796704 | PA      | $849100.04    | 0.03%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2020                                                      | CUSIP: 13077EHR4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2307797.14   | 0.08%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TNN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $378053.05    | 0.01%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024 A                                                                       | CUSIP: 13058TUK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2027759.78   | 0.07%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2021 N-S                                                                       | CUSIP: 13034PE45<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $2676986.12   | 0.09%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                                                      | CUSIP: 13077ERT9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2411665.83   | 0.08%             | 2039-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam, Series 2021 A                                                                                         | CUSIP: 40065KAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   3000000 | PA      | $3128685.00   | 0.11%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Community Housing & Economic Development Corp.                            | Texas Community Housing & Economic Development Corp., Series 2025 B                                                      | CUSIP: 88231CAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 163530000 | PA      | $6959117.27   | 0.24%             | 2065-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6680251.00   | 0.23%             | 2057-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025 A                              | CUSIP: 79766DXP9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   6045000 | PA      | $6099316.14   | 0.21%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2019                                                                        | CUSIP: 45385LMQ3<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985891.30    | 0.03%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AEX2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $4938197.50   | 0.17%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1919441.20   | 0.07%             | 2062-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency, Series 2014 A                                         | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500010.75   | 0.09%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 A                                                          | CUSIP: 13032US82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5225000 | PA      | $5199036.98   | 0.18%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series 2025 A                                                               | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15321237.00  | 0.52%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AKH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2057225.65   | 0.07%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                                                      | CUSIP: 13077ERH5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    400000 | PA      | $392715.76    | 0.01%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                  | Temescal Valley Water District, Series 2024                                                                              | CUSIP: 87975CBV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600368.58    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | Transbay Joint Powers Authority, Series 2020 B                                                                           | CUSIP: 89356CBM7<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    550000 | PA      | $553369.80    | 0.02%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hartnell Community College District                                             | Hartnell Community College District, Series 2009 D                                                                       | CUSIP: 417123DR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $3173229.00   | 0.11%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024 B                                                     | CUSIP: 13035ADW6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2862867.30   | 0.10%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TGK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1495857.58   | 0.05%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 B                                                                    | CUSIP: 13051AHX9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1193088.00   | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middle Fork Project Finance Authority                                           | Middle Fork Project Finance Authority, Series 2020                                                                       | CUSIP: 59572CAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1193464.83   | 0.04%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2019                                                                                           | CUSIP: 777870ZV1<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2112345.50   | 0.07%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGD6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1985111.80   | 0.07%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023                                                                      | CUSIP: 13051AGG7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $617778.66    | 0.02%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                | California Community College Financing Authority, Series 2022 C                                                          | CUSIP: 13012TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7050000 | PA      | $5898970.47   | 0.20%             | 2060-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBQ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1594474.70   | 0.05%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                       | San Joaquin Valley Clean Energy Authority, Series 2025 A                                                                 | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |  21250000 | PA      | $23579835.13  | 0.80%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                                                      | CUSIP: 13077EQF0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2282222.22   | 0.08%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2018 A                                                                       | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1655202.50   | 0.06%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                  | Palomar Health                                                                                                           | CUSIP: 69752RAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3737903.50   | 0.13%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2015                                                                                           | CUSIP: 777870VZ6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000482.70   | 0.03%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2019                                                                      | CUSIP: 13049RBF2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2666755.68   | 0.09%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Galt Community Facilities District                                              | Galt Community Facilities District, Series 2023 A                                                                        | CUSIP: 364110BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $3010675.80   | 0.10%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2025 H-S-A                                                | CUSIP: 13079PA45<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3376388.76   | 0.11%             | 2068-03-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| City of Fremont CA Community Facilities District No. 1                          | City of Fremont, Series 2015                                                                                             | CUSIP: 357129CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3166969.50   | 0.11%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2015                                                                                           | CUSIP: 777870WA0<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250301.00   | 0.04%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 G                                                                       | CUSIP: 13058TFY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $352730.20    | 0.01%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018                                                      | CUSIP: 13081KAV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5057384.50   | 0.17%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051BAD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    700000 | PA      | $685367.41    | 0.02%             | 2059-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                       | Mendocino-Lake Community College District, Series 2011 B                                                                 | CUSIP: 58661PCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $6084386.13   | 0.21%             | 2036-08-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                | California Community College Financing Authority, Series 2018                                                            | CUSIP: 13012RAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $227627.98    | 0.01%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Elsinore Valley Municipal Water District                                        | Elsinore Valley Municipal Water District, Series 2021 A                                                                  | CUSIP: 290322DZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2182422.00   | 0.07%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2022                                                                                      | CUSIP: 75211RPR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1171601.52   | 0.04%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AES Guayama Holdings BV                                                         | AES Guayama Holdings BV                                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |     60804 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049YEP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    520000 | PA      | $527913.15    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                | Folsom Ranch Financing Authority, Series 2018                                                                            | CUSIP: 344414BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1669302.15   | 0.06%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 B                                                    | CUSIP: 13078YLS2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2526746.04   | 0.09%             | 2047-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 C                                                    | CUSIP: 13078YLU7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2980000 | PA      | $2955735.95   | 0.10%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2017 A                                                          | CUSIP: 13032UNH7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $2637372.83   | 0.09%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Alamitos Unified School District                                            | Los Alamitos Unified School District, Series 2012                                                                        | CUSIP: 544204DW7<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4817524.95   | 0.16%             | 2042-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TJZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496930.25    | 0.02%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 130497AY6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3091386.30   | 0.11%             | 2064-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024 D                                                           | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10772475.00  | 0.37%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  13915000 | PA      | $13558873.41  | 0.46%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2023                                                      | CUSIP: 13078YVC6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1919565.82   | 0.07%             | 2053-09-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2021 A                                                                       | CUSIP: 13013FAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18800000 | PA      | $9241369.36   | 0.31%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2021 B-1                                                                     | CUSIP: 13057GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $531935.96    | 0.02%             | 2029-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                              | Norman Y Mineta San Jose International Airport SJC, Series 2017 A                                                        | CUSIP: 798136VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4505412.50   | 0.15%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13078YLB9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2001008.79   | 0.07%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA Community Improvement Authority, Series 2022 B                                                                     | CUSIP: 126292CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $12499779.20  | 0.43%             | 2059-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2017                                                            | CUSIP: 13032UMH8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5030473.50   | 0.17%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                      | Lammersville Joint Unified School District, Series 2025                                                                  | CUSIP: 513533JU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1958057.40   | 0.07%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Series 2012                                                            | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21685000 | PA      | $20592015.28  | 0.70%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                | Maricopa County Industrial Development Authority, Series 2024                                                            | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13640000 | PA      | $14326478.01  | 0.49%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| City of Fillmore CA                                                             | City of Fillmore, Series 2015                                                                                            | CUSIP: 317078EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501902.30   | 0.05%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 G                                                                       | CUSIP: 13058TFX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $279305.35    | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048TF99<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502342.25   | 0.09%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC                                                                                                           | CUSIP: 13136CAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4195000.00   | 0.14%             | 2027-02-28      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024 A                                                     | CUSIP: 13034A5K2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5895444.00   | 0.20%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | City of Mountain House, Series 2025                                                                                      | CUSIP: 62412KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $753172.56    | 0.03%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                 | Foothill-Eastern Transportation Corridor Agency, Series 2013 B-1                                                         | CUSIP: 345105GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $19362782.30  | 0.66%             | 2053-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2020                                                                         | CUSIP: 13057KAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4015000 | PA      | $3239178.34   | 0.11%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rowland Unified School District                                                 | Rowland Unified School District, Series 2009 B                                                                           | CUSIP: 779631EP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $8041846.50   | 0.27%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2022                                                                                    | CUSIP: 74441XHP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4351734.00   | 0.15%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Fridley MN                                                              | City of Fridley, Series 2023 B-2                                                                                         | CUSIP: 358413AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3220168.58   | 0.11%             | 2041-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                             | Chino Community Facilities District, Series 2015                                                                         | CUSIP: 169511QV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1664919.25   | 0.06%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2023 B                                                                                  | CUSIP: 74441XHR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $5847338.70   | 0.20%             | 2046-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023                                                                      | CUSIP: 13051AGJ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3305781.05   | 0.11%             | 2053-09-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 22 C                                                                                              | CUSIP: 13136CAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1885000.00   | 0.06%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Florida Development Finance Corp.                                               | Florida Development Finance Corp., Series 2025 B                                                                         | CUSIP: 340618EB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3081449.01   | 0.10%             | 2057-07-01      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AJQ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $485709.60    | 0.02%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                                                      | CUSIP: 13063EME3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11390794.80  | 0.39%             | 2045-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| County of San Bernardino CA                                                     | County of San Bernardino, Series 2015                                                                                    | CUSIP: 796844NV6<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996308.10    | 0.03%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2022 B                              | CUSIP: 79766DUN7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5312584.20   | 0.18%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1104880.44   | 0.04%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 B                                                    | CUSIP: 13078YMW2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4605000 | PA      | $4605621.21   | 0.16%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 A                                                                    | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $767957.65    | 0.03%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021                                                                      | CUSIP: 13048VXL7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3357692.00   | 0.11%             | 2049-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                               | FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML06, Class XCA                                            | CUSIP: 30312CAC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        | 129089242 | PA      | $7164452.95   | 0.24%             | 2035-07-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2016 A                                                     | CUSIP: 13034ARQ5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10360000 | PA      | $7511935.51   | 0.26%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13078YLC7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2455658.43   | 0.08%             | 2046-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Mariana Island Ports Authority                                         | Northern Mariana Island Ports Authority, Series 1998 A                                                                   | CUSIP: 66537RAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | MP        |   2125000 | PA      | $2171873.04   | 0.07%             | 2028-03-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    100000 | PA      | $95437.37     | 0.00%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                           | City of Sacramento, Series 2024                                                                                          | CUSIP: 786071SE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934784.80   | 0.07%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Community Facilities District                                            | Perris Community Facilities District, Series 2014 A                                                                      | CUSIP: 714368KX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4506403.05   | 0.15%             | 2032-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 C-2                                                  | CUSIP: 13078YTA3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $2600036.01   | 0.09%             | 2051-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | Bay Area Toll Authority, Series 2025 F-1                                                                                 | CUSIP: 072024G30<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1837158.95   | 0.06%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water & Power, Series 2021 B                                                                   | CUSIP: 544525C97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15080000 | PA      | $15144945.04  | 0.52%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2019-2, Class A                                                                | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |     48166 | PA      | $48849.31     | 0.00%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2014                                                                                           | CUSIP: 777870UT1<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100964.37   | 0.04%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 23 E                                                                                              | CUSIP: 13136CAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1385000.00   | 0.05%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2020 A                                                                       | CUSIP: 13013FAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22525000 | PA      | $14630453.77  | 0.50%             | 2050-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2024                                                                                           | CUSIP: 7778706Q4<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1416893.40   | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of South San Francisco CA                                                  | City of South San Francisco, Series 2025                                                                                 | CUSIP: 840000BC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991921.40    | 0.03%             | 2050-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                  | Clovis Unified School District, Series 2004 A                                                                            | CUSIP: 189342G36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6295000 | PA      | $6014590.48   | 0.20%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                                              | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3035819 | PA      | $1908771.47   | 0.06%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGR5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934861.40   | 0.07%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                | Folsom Ranch Financing Authority, Series 2017                                                                            | CUSIP: 344414BG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998948.80    | 0.03%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | City of Mountain House, Series 2025                                                                                      | CUSIP: 62412KAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973502.40    | 0.03%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of South San Francisco CA                                                  | City of South San Francisco, Series 2025                                                                                 | CUSIP: 840000BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $592570.56    | 0.02%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2023                                                                                           | CUSIP: 7778705F9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500643.65    | 0.02%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                               | Florida Development Finance Corp., Series 2024                                                                           | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2480000.00   | 0.08%             | 2032-07-15      | Variable      | 14.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 130497AX8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2975696.96   | 0.10%             | 2054-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                                                      | CUSIP: 13077ERJ1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    700000 | PA      | $668129.28    | 0.02%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                                | Inland Valley Development Agency, Series 2014 A                                                                          | CUSIP: 45750TAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9066388.50   | 0.31%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2021 A-1                                                   | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1303477.76   | 0.04%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                                      | GDB Debt Recovery Authority of Puerto Rico                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | PR        |  14457528 | PA      | $13960019.88  | 0.47%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2018 A                                                                       | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007662.20   | 0.03%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 23 D                                                                                              | CUSIP: 13136CAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1230000.00   | 0.04%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Irvine Unified School District                                                  | Irvine Unified School District, Series 2017 C                                                                            | CUSIP: 463612KV2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    995000 | PA      | $993954.06    | 0.03%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2022                                                                    | CUSIP: 76827QHK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4321423.80   | 0.15%             | 2052-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2015                                                                                      | CUSIP: 75211RGD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200236.04   | 0.04%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13049YAJ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600316.92    | 0.02%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                                                      | CUSIP: 13051ANE4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1514530.93   | 0.05%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024 A                                                    | CUSIP: 13080ST79<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10218073.00  | 0.35%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2020 A                                                    | CUSIP: 13078YQU2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1268858.38   | 0.04%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | City of Mountain House, Series 2025                                                                                      | CUSIP: 62412KAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $613306.51    | 0.02%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2015                                                                                      | CUSIP: 75211RGE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249949.00   | 0.04%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galt                                                                    | City of Galt, Series 2025 B                                                                                              | CUSIP: 364110CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7180000 | PA      | $7121900.16   | 0.24%             | 2055-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025-1, Class B                                                           | CUSIP: 13050WAC5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $2695194.45   | 0.09%             | 2049-06-20      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                               | City of Irvine, Series 2018                                                                                              | CUSIP: 46360TFV0<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5009915.50   | 0.17%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2020                                                                                           | CUSIP: 777870M37<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1281708.16   | 0.04%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Madera CA                                                             | County of Madera, Series 2022                                                                                            | CUSIP: 55646MDS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1116130.84   | 0.04%             | 2053-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VVA3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    130000 | PA      | $136862.27    | 0.00%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2015                                                                        | CUSIP: 45385LHY2<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999910.50   | 0.17%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TMF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $466115.76    | 0.02%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dublin CA Community Facilities District No. 2015-1                      | City of Dublin, Series 2019                                                                                              | CUSIP: 26362RAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4060395.23   | 0.14%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                                                      | CUSIP: 13077EQG8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1315822.05   | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 C                                                    | CUSIP: 13078YNH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5265000 | PA      | $5361896.01   | 0.18%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2017 A                                                                    | CUSIP: 13048T4L4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1618292.16   | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                                | Inland Valley Development Agency, Series 2014 A                                                                          | CUSIP: 45750TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7556821.50   | 0.26%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2021 A                                                               | CUSIP: 13069AAK4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    845000 | PA      | $620663.32    | 0.02%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 C-1                                                  | CUSIP: 13078YSY2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $2867155.14   | 0.10%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 B                                                                    | CUSIP: 13051AMT2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1743051.66   | 0.06%             | 2055-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292CG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  31800000 | PA      | $16740149.64  | 0.57%             | 2059-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13078YKG9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1044694.12   | 0.04%             | 2036-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023 A                                                                       | CUSIP: 13058TSB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $576101.70    | 0.02%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency XII                                                 | CMFA Special Finance Agency XII, Series 2022 A-2                                                                         | CUSIP: 12574XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30280000 | PA      | $24506436.70  | 0.83%             | 2049-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                     | Orange County Community Facilities District, Series 2015 A                                                               | CUSIP: 68423PWC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4880000 | PA      | $4844406.26   | 0.16%             | 2045-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13048VV39<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9060000 | PA      | $8992170.50   | 0.31%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 A                                                          | CUSIP: 13032UU63<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4980000 | PA      | $4980282.37   | 0.17%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024                                                       | CUSIP: 13035CAC9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2691902.66   | 0.09%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                          | Truckee-Donner Public Utility District, Series 2005                                                                      | CUSIP: 897817CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4990000 | PA      | $4793058.17   | 0.16%             | 2030-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | San Francisco Bay Area Rapid Transit District, Series 2020 C-1                                                           | CUSIP: 797661ZV0<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |  17760000 | PA      | $15980256.19  | 0.54%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Daly City Housing Development Finance Agency                                    | Daly City Housing Development Finance Agency, Series 2007 B                                                              | CUSIP: 235669FJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4210000 | PA      | $4211966.91   | 0.14%             | 2047-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2021                                                                        | CUSIP: 45385LPL1<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   8160000 | PA      | $5643951.31   | 0.19%             | 2056-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 A                                                                    | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2333335.28   | 0.08%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AHS0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1488628.84   | 0.05%             | 2059-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 130497AV2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    655000 | PA      | $674187.90    | 0.02%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023                                                                         | CUSIP: 13058TSG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $507806.15    | 0.02%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series 2                                                                           | CUSIP: 74526YAK1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1768493 | PA      | $1158362.92   | 0.04%             | 2021-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUW6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52921.85     | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $501154.86    | 0.02%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | University of California, Series 2025 CC                                                                                 | CUSIP: 91412HVY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20200000 | PA      | $20668642.02  | 0.70%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A                              | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9808851.00   | 0.33%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 B                                                                    | CUSIP: 13051AHW1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1049472.91   | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles, Series 2019 D                                                                                       | CUSIP: 544445MB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5525000 | PA      | $4919365.52   | 0.17%             | 2044-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coachella Valley Unified School District                                        | Coachella Valley Unified School District, Series 2012 D                                                                  | CUSIP: 189849GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1284156.90   | 0.04%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lemon Grove Community Development Agency Successor Agency                       | Lemon Grove Community Development Agency Successor Agency, Series 2014                                                   | CUSIP: 525641AV8<br>LEI: 5493006KQX5JQCP0Q874 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016146.70   | 0.03%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 B                                                    | CUSIP: 13078YMU6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2812349.47   | 0.10%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                | San Joaquin Hills Transportation Corridor Agency                                                                         | CUSIP: 798111CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19150000 | PA      | $18221487.36  | 0.62%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                                                      | CUSIP: 13051ANT1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000122.00   | 0.03%             | 2050-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2021 A                                                                       | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972621.30    | 0.03%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8125000 | PA      | $6978208.25   | 0.24%             | 2062-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TEU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $761672.10    | 0.03%             | 2047-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2023                                                                    | CUSIP: 76827QJZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4840000 | PA      | $4910399.25   | 0.17%             | 2053-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Muncipal Finance Authority                                                                                    | CUSIP: N/A<br>LEI: 5493000UQOV6R4ZWS346       | Long             | DBT              | MUN               | US        |   8300000 | PA      | $8355125.53   | 0.28%             | 2042-12-01      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| Temescal Valley Water District                                                  | Temescal Valley Water District, Series 2024                                                                              | CUSIP: 87975CBX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1149804.32   | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024 A                                                                       | CUSIP: 13058TTR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $773309.61    | 0.03%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series 2018 A                                                               | CUSIP: 130179PK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10375000 | PA      | $10011873.96  | 0.34%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                  | Clovis Unified School District, Series 2004 A                                                                            | CUSIP: 189342F94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1149159.10   | 0.04%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | City of Mountain House, Series 2025                                                                                      | CUSIP: 62412KAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $411029.93    | 0.01%             | 2045-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2019 A                                                                       | CUSIP: 13058THF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7105000 | PA      | $6232265.85   | 0.21%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 23 B                                                                                              | CUSIP: 13136CAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    890000 | PA      | $890000.00    | 0.03%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2021 A                                                                       | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $1767878.21   | 0.06%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AEW4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006457.20   | 0.03%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tejon Ranch Public Facilities Finance Authority                                 | Tejon Ranch Public Facilities Finance Authority, Series 2024 A                                                           | CUSIP: 879083FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2131653.38   | 0.07%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | University of California, Series 2013 AL-1                                                                               | CUSIP: 91412GSJ5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   7100000 | PA      | $7100000.00   | 0.24%             | 2048-05-15      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                         | City of Fairfield, Series 2024 A                                                                                         | CUSIP: 304194FN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1948182.00   | 0.07%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                   | Menifee Union School District, Series 2018                                                                               | CUSIP: 586810E66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501025.55   | 0.05%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023 A                                                                       | CUSIP: 13058TSA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $544101.21    | 0.02%             | 2043-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                               | FHLMC, Multi-family ML Pass-Through Certificates, Series 2020-ML07, Class XCA                                            | CUSIP: 35833FAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | MUN               | US        | 117100064 | PA      | $14398623.83  | 0.49%             | 2037-01-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                                                      | CUSIP: 130491AT0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3244309.98   | 0.11%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Community Facilities District                                           | Alameda Community Facilities District, Series 2023                                                                       | CUSIP: 010780DD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000117.60   | 0.03%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2525975.41   | 0.09%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AHP6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $488526.50    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1269830.13   | 0.04%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2000 B | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |   2764591 | PA      | $2757443.70   | 0.09%             | 2028-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051AGR3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    625000 | PA      | $618845.00    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2019 A                                                                    | CUSIP: 13049AAK9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4165000 | PA      | $3989725.97   | 0.14%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024 B                                                     | CUSIP: 13035ADV8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    250000 | PA      | $241811.88    | 0.01%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SNN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  12735000 | PA      | $11639914.80  | 0.40%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2023                                                                    | CUSIP: 76827QJX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045678.80   | 0.07%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | Los Angeles Unified School District, Series 2025 A-1                                                                     | CUSIP: 544647KV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10257113.00  | 0.35%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2014                                                                                           | CUSIP: 777870UV6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1649980.53   | 0.06%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of South San Francisco CA                                                  | City of South San Francisco, Series 2025                                                                                 | CUSIP: 840000BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501159.65   | 0.05%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grand Canyon University                                                         | Grand Canyon University                                                                                                  | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  41035000 | PA      | $40416931.24  | 1.37%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Galt                                                                    | City of Galt, Series 2025 B                                                                                              | CUSIP: 364110BZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3175696.59   | 0.11%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13078YNT8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    940000 | PA      | $941976.63    | 0.03%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                  | Clovis Unified School District, Series 2004 A                                                                            | CUSIP: 189342UR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2794251.00   | 0.10%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526YFE0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  17950000 | PA      | $11802125.00  | 0.40%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024 B                                                | CUSIP: 120827EE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4477547.00   | 0.15%             | 2049-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 B                                                                    | CUSIP: 13051BAE6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1072461.35   | 0.04%             | 2030-05-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AHR2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1061096.85   | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2015                                                                        | CUSIP: 45385LHZ9<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4829091.12   | 0.16%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018                                                                      | CUSIP: 13049YBN0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4679618.50   | 0.16%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Mirage Community Facilities District                                     | Rancho Mirage Community Facilities District, Series 2024 A                                                               | CUSIP: 75213WCL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2152115.24   | 0.07%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13049AAP8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    660000 | PA      | $651211.24    | 0.02%             | 2032-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024 E                                                           | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10722316.00  | 0.36%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                           | City of Sacramento, Series 2017                                                                                          | CUSIP: 786071MB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1863248.11   | 0.06%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam, Series 2021 F                                                                                         | CUSIP: 40065NCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    250000 | PA      | $246450.35    | 0.01%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                                                      | CUSIP: 13063ELN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8268906.40   | 0.28%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $272912.72    | 0.01%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                      | Lammersville Joint Unified School District, Series 2017                                                                  | CUSIP: 513533DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2756209.23   | 0.09%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TVG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $978627.72    | 0.03%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 A                                                                    | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1356759.72   | 0.05%             | 2040-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Galt Community Facilities District                                              | Galt Community Facilities District, Series 2023 A                                                                        | CUSIP: 364110BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1908609.61   | 0.06%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Dixon CA                                                                | City of Dixon, Series 2019                                                                                               | CUSIP: 255650DN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2357204.64   | 0.08%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                          | M-S-R Energy Authority, Series 2009 B                                                                                    | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |  32300000 | PA      | $38392829.75  | 1.31%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 22 A                                                                                              | CUSIP: 13136CAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2875000 | PA      | $373750.00    | 0.01%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TRN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527676.65   | 0.05%             | 2062-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024 A                                                                       | CUSIP: 13058TUL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1301213.85   | 0.04%             | 2059-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Del Mar Race Track Authority                                                    | Del Mar Race Track Authority, Series 2015                                                                                | CUSIP: 245122BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005262.00   | 0.07%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series 2018 A                                                               | CUSIP: 130179PJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1134038.25   | 0.04%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2763027.56   | 0.09%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VVB1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1781054.60   | 0.06%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1210638.37   | 0.04%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2017 A                                                                    | CUSIP: 13048TR96<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8916846.00   | 0.30%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2024                                                                                             | CUSIP: 56453TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999763.40    | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023                                                                         | CUSIP: 13058TSD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $635478.55    | 0.02%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1919166.20   | 0.07%             | 2052-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 B                                                                    | CUSIP: 130483GX2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  11012000 | PA      | $10475618.69  | 0.36%             | 2039-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| County of San Bernardino CA                                                     | County of San Bernardino, Series 2015                                                                                    | CUSIP: 796844NU8<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000189.00   | 0.03%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1432763.79   | 0.05%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                | California Community College Financing Authority, Series 2022 A                                                          | CUSIP: 13012TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30295000 | PA      | $24807787.83  | 0.84%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2025                                                                    | CUSIP: 76827QLP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2344090.98   | 0.08%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | Mountain House Community Facilities District, Series 2025                                                                | CUSIP: 62412KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3392371.08   | 0.12%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Palm Desert CA                                                          | City of Palm Desert, Series 2024                                                                                         | CUSIP: 696627EX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $513496.94    | 0.02%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023 A                                                                       | CUSIP: 13058TRZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $659153.89    | 0.02%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fillmore CA                                                             | City of Fillmore, Series 2015                                                                                            | CUSIP: 317078EJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2590953.18   | 0.09%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    659584 | PA      | $632458.28    | 0.02%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TMH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $818421.50    | 0.03%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1784890.06   | 0.06%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2019                                                                         | CUSIP: 13059TGJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969188.10    | 0.03%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                                                      | CUSIP: 13063ELL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5142116.10   | 0.17%             | 2049-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 C-1                                                  | CUSIP: 13078YSX4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2093073.40   | 0.07%             | 2041-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Community Facilities Districts                                 | Riverside County Community Facilities Districts, Series 2014                                                             | CUSIP: 76911FSQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510619.10   | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Park Unified School District                                                | Oak Park Unified School District, Series 2011 A                                                                          | CUSIP: 671556HA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $7888673.10   | 0.27%             | 2038-08-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                        | Washington Township Health Care District, Series 2017 B                                                                  | CUSIP: 940204EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1765236.99   | 0.06%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13077EFH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  10625000 | PA      | $10508253.56  | 0.36%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2019                                                                                           | CUSIP: 777870ZT6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1694240.72   | 0.06%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tustin Community Facilities District                                            | Tustin Community Facilities District, Series 2015 A                                                                      | CUSIP: 901047FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 0.03%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024                                                                 | CUSIP: 13069AAZ1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1253637.14   | 0.04%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7538490.00   | 0.26%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                   | Perris Joint Powers Authority, Series 2014 E                                                                             | CUSIP: 714376EC0<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   4120000 | PA      | $3972873.56   | 0.14%             | 2038-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Paso Robles Joint Unified School District                                       | Paso Robles Joint Unified School District, Series 2010 A                                                                 | CUSIP: 70262RCA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $5531473.50   | 0.19%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2019                                                                      | CUSIP: 13049RBG0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    480000 | PA      | $443539.44    | 0.02%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2017                                                                         | CUSIP: 13057EAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1105614.40   | 0.04%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2024                                                                                             | CUSIP: 56453TAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1294676.86   | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2017 B                                                                    | CUSIP: 13048T5J8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4758573.00   | 0.16%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                                                      | CUSIP: 13051ANS3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $596353.56    | 0.02%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048DCN6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $584969.28    | 0.02%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Mission Rock Utilities, Inc.                                                    | Mission Rock Utilities, Inc.                                                                                             | CUSIP: 605108AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10107788.52  | 0.34%             | 2027-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| El Rancho Unified School District                                               | El Rancho Unified School District, Series 2004                                                                           | CUSIP: 283839SG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2166819.36   | 0.07%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024                                                                         | CUSIP: 13058TUW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1781841.00   | 0.06%             | 2064-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series VV                                                                          | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1800000 | PA      | $1798899.66   | 0.06%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023 B-1                                                                  | CUSIP: 130483FL9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  20770000 | PA      | $20171084.59  | 0.69%             | 2053-04-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 B                                                                    | CUSIP: 13048TA29<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1298172.49   | 0.04%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lemon Grove School District                                                     | Lemon Grove School District, Series 2010 B                                                                               | CUSIP: 525651DZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6220861.40   | 0.21%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2018                                                                         | CUSIP: 13058TGR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1417385.14   | 0.05%             | 2056-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    950000 | PA      | $932901.90    | 0.03%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 23 A                                                                                              | CUSIP: 13136CAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.03%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Coachella Valley Unified School District                                        | Coachella Valley Unified School District, Series 2012 D                                                                  | CUSIP: 189849HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $3815273.45   | 0.13%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaweah Delta Health Care District Guild                                         | Kaweah Delta Health Care District Guild, Series 2015 B                                                                   | CUSIP: 486375HA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3050041.15   | 0.10%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  47945000 | PA      | $11191115.74  | 0.38%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024 B                                                     | CUSIP: 13035ADX4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945288.80    | 0.03%             | 2059-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elsinore Valley Municipal Water District                                        | Elsinore Valley Municipal Water District, Series 2021 A                                                                  | CUSIP: 290322DV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1000561.68   | 0.03%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Palm Desert CA                                                          | City of Palm Desert, Series 2024                                                                                         | CUSIP: 696627EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $592563.48    | 0.02%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Virgenes Unified School District                                            | Las Virgenes Unified School District, Series 2011 C                                                                      | CUSIP: 518021UV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8050000 | PA      | $9346588.55   | 0.32%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                     | CMFA Special Finance Agency, Series 2021 A-2                                                                             | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13845000 | PA      | $11609252.64  | 0.39%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2017 A                                                                    | CUSIP: 13048TP49<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2857179.00   | 0.10%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2019 A                                                                       | CUSIP: 13013HAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27050000 | PA      | $21909196.19  | 0.75%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                     | Orange County Community Facilities District, Series 2018 A                                                               | CUSIP: 68423PYB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9550000 | PA      | $9303974.81   | 0.32%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                 | Foothill-Eastern Transportation Corridor Agency, Series 2015 A                                                           | CUSIP: 345105HY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19000000 | PA      | $14701823.80  | 0.50%             | 2033-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2019                                                                                           | CUSIP: 777870G83<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003178.10   | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vacaville CA                                                            | City of Vacaville, Series 2025 A                                                                                         | CUSIP: 918581CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $403561.20    | 0.01%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2025                                                                                      | CUSIP: 75211RRT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $715732.13    | 0.02%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2025                                                      | CUSIP: 13077ESP6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1659871.50   | 0.06%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049SCV4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $1754858.05   | 0.06%             | 2055-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2024                                                                                             | CUSIP: 56453TAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1683468.77   | 0.06%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2020 B                                                    | CUSIP: 13078YRH0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    695000 | PA      | $550344.02    | 0.02%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995796.00    | 0.03%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051AGQ5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    275000 | PA      | $282002.71    | 0.01%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1063051.97   | 0.04%             | 2061-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                                                      | CUSIP: 13051ANU8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1291353.05   | 0.04%             | 2055-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                         | Fairfield Community Facilities District, Series 2020 A                                                                   | CUSIP: 304194EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5255000 | PA      | $5128271.47   | 0.17%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2024 A                                                                      | CUSIP: 45385LRK1<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $1943462.38   | 0.07%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2014                                                                                           | CUSIP: 777870US3<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500772.60    | 0.02%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2015 R-1                                                  | CUSIP: 13080SHR8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2230472.76   | 0.08%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HTA CL 6 Trust                                                                  | HTA CL 6 Trust, Class L-2028                                                                                             | CUSIP: 40440SAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    685869 | PA      | $686014.54    | 0.02%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District/CA                                          | Tracy Community Facilities District, Series 2019                                                                         | CUSIP: 892376RG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1893568.54   | 0.06%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TRM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1272284.13   | 0.04%             | 2052-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $130.00       | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| City of San Clemente CA                                                         | City of San Clemente, Series 2015                                                                                        | CUSIP: 797214CG6<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2445000.00   | 0.08%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 C-2                                                  | CUSIP: 13078YSZ9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $2641899.96   | 0.09%             | 2041-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2020 A                                                    | CUSIP: 13078YQV0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975884.70    | 0.03%             | 2050-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Facilities Financing Authority                                           | Irvine Facilities Financing Authority, Series 2023 A                                                                     | CUSIP: 46360WAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5488542.80   | 0.19%             | 2058-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                         | Tobacco Securitization Authority of Southern California, Series 2006 C                                                   | CUSIP: 888804BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23500000 | PA      | $4348165.05   | 0.15%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2022                                                      | CUSIP: 13077ELE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7490000 | PA      | $7616963.74   | 0.26%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                        | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  28616000 | PA      | $25280115.55  | 0.86%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051AGT9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962847.10    | 0.03%             | 2054-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019 B                                                    | CUSIP: 13078YPX7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1158637.88   | 0.04%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2618696.46   | 0.09%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 22 X                                                                                              | CUSIP: 13136CAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2830000.00   | 0.10%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Moreno Valley Unified School District Community Facilities District             | Moreno Valley Unified School District, Series 2019                                                                       | CUSIP: 616874SF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $305212.39    | 0.01%             | 2048-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 22 B                                                                                              | CUSIP: 13136CAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $32500.00     | 0.00%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2022 B                                                                       | CUSIP: 13013FBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7475000 | PA      | $6389929.00   | 0.22%             | 2040-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2021 B-1                                                         | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10047995.00  | 0.34%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                       | Mendocino-Lake Community College District, Series 2011 B                                                                 | CUSIP: 58661PCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8830341.00   | 0.30%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2016 C                                                                       | CUSIP: 13059TDE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9801831.00   | 0.33%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                 | Foothill-Eastern Transportation Corridor Agency, Series 2013 B-2                                                         | CUSIP: 345105GU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15500000 | PA      | $12017010.50  | 0.41%             | 2053-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2016 B                                                                    | CUSIP: 13048TA37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1365048.16   | 0.05%             | 2046-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                                                      | CUSIP: 13077ERU6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2723310.43   | 0.09%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A                              | CUSIP: 79766DWW5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   8605000 | PA      | $8789710.63   | 0.30%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No. 2016-1      | City & County of San Francisco, Series 2023 A                                                                            | CUSIP: 79773LAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2071562.71   | 0.07%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $772441.14    | 0.03%             | 2035-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 A-S                                                                  | CUSIP: 130483EQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $859001.85    | 0.03%             | 2057-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series T-1                                                                  | CUSIP: 130178JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4185000 | PA      | $4725937.20   | 0.16%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                         | City of Fairfield, Series 2024 A                                                                                         | CUSIP: 304194FM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1975506.00   | 0.07%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | Mountain House Community Facilities District, Series 2025                                                                | CUSIP: 62412KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2022278.35   | 0.07%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TNQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $2270098.58   | 0.08%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                         | Fairfield Community Facilities District, Series 2020 A                                                                   | CUSIP: 304194EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044300.20   | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 B                                                    | CUSIP: 13078YLQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3323227.70   | 0.11%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2015                                                      | CUSIP: 13078YJP1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001271.20   | 0.07%             | 2035-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2023                                                                                           | CUSIP: 7778705G7<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1855514.67   | 0.06%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 B                                                                    | CUSIP: 13051AHV3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    940000 | PA      | $939780.98    | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 D                                                                    | CUSIP: 13051AKC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950219.70    | 0.03%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2023                                                                    | CUSIP: 76827QJW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509286.35    | 0.02%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series 4                                                                           | CUSIP: 74526YAL9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    600000 | PA      | $393000.00    | 0.01%             | 2022-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| City of Vacaville CA                                                            | City of Vacaville, Series 2025 A                                                                                         | CUSIP: 918581CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1190038.01   | 0.04%             | 2050-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2015                                                                         | CUSIP: 13058TCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964471.70    | 0.03%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | University of California, Series 2025 CC                                                                                 | CUSIP: 91412HVX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12918676.25  | 0.44%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3259327.53   | 0.11%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 A-1                                                                  | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  16700000 | PA      | $13996340.14  | 0.48%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024                                                                         | CUSIP: 13058TUT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952455.60    | 0.03%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                         | Tobacco Securitization Authority of Southern California, Series 2019 B-1, Class 2                                        | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5890000 | PA      | $5438083.27   | 0.18%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051BAB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    510000 | PA      | $499243.69    | 0.02%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | Los Angeles Department of Water, Series 2020 A                                                                           | CUSIP: 544525ZH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18805000 | PA      | $18817277.78  | 0.64%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048DCQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3127500.00   | 0.11%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13048TWL3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000203.00   | 0.17%             | 2040-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rialto Bioenergy Facility LLC                                                   | Rialto Bioenergy Facility LLC, First Lien, Term Loan, B                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    195348 | PA      | $0.00         | 0.00%             | 2031-04-01      | Fixed         | 15.33%                | No            |                  3 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Escrow Account                                                                     | CUSIP: N/A<br>LEI: 5493003BRB67HF8ST418       | Long             | EC               | CORP              | PR        |   3031496 | NS      | $757874.01    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2019 A                                                                       | CUSIP: 13013FAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13145019.00  | 0.45%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vacaville CA                                                            | City of Vacaville, Series 2025 A                                                                                         | CUSIP: 918581CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1444468.24   | 0.05%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                        | Romoland School District, Series 2015                                                                                    | CUSIP: 776192NR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4690000 | PA      | $4693342.09   | 0.16%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024 F                                                    | CUSIP: 13081DAC0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7435000 | PA      | $7198571.46   | 0.24%             | 2040-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Victor Valley Community College District                                        | Victor Valley Community College District, Series 2008 C                                                                  | CUSIP: 92603PDR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11940000 | PA      | $3580420.34   | 0.12%             | 2049-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    809842 | PA      | $837571.23    | 0.03%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 B                                                                    | CUSIP: 130483JM3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $7903434.13   | 0.27%             | 2037-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13078YMH5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3736117.98   | 0.13%             | 2047-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023                                                                         | CUSIP: 13058TSF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $543780.22    | 0.02%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Galt                                                                    | City of Galt, Series 2025 B                                                                                              | CUSIP: 364110BY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2008692.50   | 0.07%             | 2045-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District                                            | Rio Hondo Community College District, Series 2010 C                                                                      | CUSIP: 767121DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $15667947.10  | 0.53%             | 2042-08-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series A-2                                                             | CUSIP: 13032UZ43<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10483262.00  | 0.36%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2024                                                                                             | CUSIP: 56453TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $868790.35    | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2000 B | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    362482 | PA      | $361236.04    | 0.01%             | 2027-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| City of Vacaville CA                                                            | City of Vacaville, Series 2025 A                                                                                         | CUSIP: 918581CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $373111.01    | 0.01%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021                                                                      | CUSIP: 13049YFQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    550000 | PA      | $384559.01    | 0.01%             | 2051-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                          | Truckee-Donner Public Utility District, Series 2004                                                                      | CUSIP: 897817BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4470000 | PA      | $4280514.47   | 0.15%             | 2035-09-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2017                                                                                           | CUSIP: 777870YC4<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6493167.20   | 0.22%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2022                                                                                      | CUSIP: 75211RQF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007219.60   | 0.07%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2021                                                                        | CUSIP: 45385LNA7<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2612332.00   | 0.09%             | 2056-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TJL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1092442.70   | 0.04%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco                                                           | City of San Francisco                                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | US        |  11500000 | PA      | $9970470.10   | 0.34%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2178197.03   | 0.07%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2025 A                                                     | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  14450000 | PA      | $13287329.88  | 0.45%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Rancho Mirage Community Facilities District                                     | Rancho Mirage Community Facilities District, Series 2024 A                                                               | CUSIP: 75213WCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1443222.90   | 0.05%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2020 A                                                    | CUSIP: 13078YQW8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    900000 | PA      | $720577.26    | 0.02%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2024                                                                    | CUSIP: 76827QKZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2472230.25   | 0.08%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023773.80   | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    566098 | PA      | $525822.39    | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duarte Redevelopment Agency                                                     | Duarte Redevelopment Agency, Series 1999                                                                                 | CUSIP: 263590EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5135000 | PA      | $4398357.03   | 0.15%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                           | City of Sacramento, Series 2017                                                                                          | CUSIP: 786071MA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $710792.64    | 0.02%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A                              | CUSIP: 79766DWX3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    350000 | PA      | $353613.72    | 0.01%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St Helena Unified School District                                               | St. Helena Unified School District, Series 2011 B                                                                        | CUSIP: 789636GC5<br>LEI: 5493004RDPC2SO1LU844 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12283697.00  | 0.42%             | 2036-06-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | Irvine Unified School District, Series 2018 A                                                                            | CUSIP: 463612MH1<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   3975000 | PA      | $3936602.69   | 0.13%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water & Power, Series 2023 F-1                                                                 | CUSIP: 544532HU1<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |   2100000 | PA      | $2100000.00   | 0.07%             | 2048-07-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 130497BA7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520633.40    | 0.02%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  20000000 | PA      | $6321148.00   | 0.22%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | Irvine Unified School District, Series 2017 B                                                                            | CUSIP: 463612JY8<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    995000 | PA      | $999123.38    | 0.03%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of South San Francisco CA                                                  | City of South San Francisco, Series 2025                                                                                 | CUSIP: 840000BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $377691.41    | 0.01%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16730000 | PA      | $12739933.48  | 0.43%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024                                                                 | CUSIP: 13067REJ8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8443466.00   | 0.29%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    769676 | PA      | $670151.12    | 0.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                  | Palomar Health                                                                                                           | CUSIP: 69752RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $3725118.00   | 0.13%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | City of Mountain House, Series 2025                                                                                      | CUSIP: 62412KAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $391457.08    | 0.01%             | 2045-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 130486AS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $449970.30    | 0.02%             | 2035-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                        | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4419000 | PA      | $4098367.52   | 0.14%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2025                                                                                             | CUSIP: 56453TBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $167408.72    | 0.01%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024 A                                                                       | CUSIP: 13058TTL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2197464.74   | 0.07%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 D                                                                    | CUSIP: 13051AFN3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6885000 | PA      | $7185785.68   | 0.24%             | 2052-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AJR0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1496289.13   | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 B                                                                    | CUSIP: 13048VVK1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8150000 | PA      | $6922692.32   | 0.24%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2024                                                                                        | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15513538.50  | 0.53%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TMG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $534395.68    | 0.02%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023 B-2                                                                  | CUSIP: 130483FM7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  13825000 | PA      | $13387698.66  | 0.46%             | 2053-04-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200686.28   | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water & Power, Series 2025 A                                                                   | CUSIP: 544532PU2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10004478.00  | 0.34%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Vista Community Facilities District                                         | Rio Vista Community Facilities District, Series 2018                                                                     | CUSIP: 767236BL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1673074.98   | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   8695000 | PA      | $7975560.05   | 0.27%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 A                                                    | CUSIP: 13078YRY3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    995000 | PA      | $886915.64    | 0.03%             | 2041-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024 A                                                                       | CUSIP: 13058TUJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1816063.80   | 0.06%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023 B                                                                    | CUSIP: 130483GD6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  20710000 | PA      | $14754545.42  | 0.50%             | 2043-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2024 A                                                                      | CUSIP: 45385LRL9<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $4831971.93   | 0.16%             | 2059-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series 2018 A                                                               | CUSIP: 130179PH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1280579.61   | 0.04%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $1990469.85   | 0.07%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1601889.77   | 0.05%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ontario CA Community Facilities District No. 28                         | City of Ontario, Series 2017                                                                                             | CUSIP: 68302TBF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494872.45    | 0.02%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2023                                                                    | CUSIP: 76827QJY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3130839.60   | 0.11%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024                                                       | CUSIP: 13035CAA3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $1959420.82   | 0.07%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2025                                                                                      | CUSIP: 75211RRR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $361597.90    | 0.01%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13080SUG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1240916.85   | 0.04%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2025 A                                                                       | CUSIP: 13057JAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1154199.84   | 0.04%             | 2055-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Dublin CA Community Facilities District No. 2015-1                      | City of Dublin, Series 2019                                                                                              | CUSIP: 26362RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2934295.94   | 0.10%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TJK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $212403.29    | 0.01%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $393264.49    | 0.01%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | Virginia Small Business Financing Authority, Series 2023 A                                                               | CUSIP: 92810TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4834790.63   | 0.16%             | 2052-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024                                                                         | CUSIP: 13058TUU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $736337.76    | 0.03%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                 | Foothill-Eastern Transportation Corridor Agency, Series 2013 A                                                           | CUSIP: 345105HX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  75000000 | PA      | $34448122.50  | 1.17%             | 2042-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13048VPW2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1053430.90   | 0.04%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TYR8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8965000 | PA      | $8968031.07   | 0.31%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AKG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1789915.52   | 0.06%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13078YMG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2189568.17   | 0.07%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam, Series 2021 F                                                                                         | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1125000 | PA      | $999227.81    | 0.03%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2019 A                                                                       | CUSIP: 13059TFV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1068896.94   | 0.04%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency I                                                   | CMFA Special Finance Agency I, Series 2021 A-T                                                                           | CUSIP: 12574TAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7545000 | PA      | $7047005.10   | 0.24%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                   | Perris Joint Powers Authority, Series 2018 A                                                                             | CUSIP: 714376QN3<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1273632.89   | 0.04%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2022 C                                                    | CUSIP: 13078YUQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1995429.72   | 0.07%             | 2052-09-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2023 D                                                    | CUSIP: 13078YUY9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987533.10    | 0.03%             | 2053-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2024                                                                                           | CUSIP: 7778706P6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1079463.04   | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                | Folsom Ranch Financing Authority, Series 2018                                                                            | CUSIP: 344414BK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $546367.78    | 0.02%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middle Fork Project Finance Authority                                           | Middle Fork Project Finance Authority, Series 2020                                                                       | CUSIP: 59572CAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1147554.76   | 0.04%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025 A                              | CUSIP: 79766DXQ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10347804.00  | 0.35%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                               | San Diego Unified School District, Series 2012 E                                                                         | CUSIP: 797355R30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6940000 | PA      | $5325656.06   | 0.18%             | 2042-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                               | Long Beach Bond Finance Authority, Series 2007 A                                                                         | CUSIP: 54241AAV5<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4947467.53   | 0.17%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                   | Los Angeles Housing Authority, Series 2024 B                                                                             | CUSIP: 544562DR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33500000 | PA      | $30465596.80  | 1.04%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AJP4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493278.20    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2021 A                                                               | CUSIP: 13069AAH1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    250000 | PA      | $231330.68    | 0.01%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 A-S                                                                  | CUSIP: 130483JC5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3961990.40   | 0.13%             | 2055-09-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series U-3                                                                  | CUSIP: 130178X76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5815000 | PA      | $6340625.41   | 0.22%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUT3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201598.92    | 0.01%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hanford Joint Union High School District                                        | Hanford Joint Union High School District, Series B                                                                       | CUSIP: 410360GW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4120000 | PA      | $2861495.32   | 0.10%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                         | Fairfield Community Facilities District, Series 2024 A                                                                   | CUSIP: 304194FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9630000 | PA      | $9260377.49   | 0.32%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A                              | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10002162.00  | 0.34%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $596375.10    | 0.02%             | 2032-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2020 B                                                    | CUSIP: 13078YRG2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    565000 | PA      | $503250.36    | 0.02%             | 2040-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                          | Truckee-Donner Public Utility District, Series 2005                                                                      | CUSIP: 897817CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $705000.00    | 0.02%             | 2025-09-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    944324 | PA      | $661293.85    | 0.02%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6018971.88   | 0.20%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 130497AW0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1289164.61   | 0.04%             | 2044-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7597136.80   | 0.26%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                             | Tracy Community Facilities District, Series 2018                                                                         | CUSIP: 892376RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6490000 | PA      | $6346744.93   | 0.22%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                                            | City of Dallas Housing Finance Corp., Series 2022 B                                                                      | CUSIP: 23529CAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10100000 | PA      | $8393065.66   | 0.29%             | 2054-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency, Series 2020 B-2                                                         | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1830668.00   | 0.06%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 E                              | CUSIP: 79766DSA8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  34520000 | PA      | $33737718.12  | 1.15%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                         | Capital Trust Authority, Series 2024                                                                                     | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8300000 | PA      | $6926250.40   | 0.24%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Fremont CA Community Facilities District No. 1                          | City of Fremont, Series 2015                                                                                             | CUSIP: 357129CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4655000 | PA      | $4655474.81   | 0.16%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2023 A                                                                       | CUSIP: 130591BJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $976151.14    | 0.03%             | 2042-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Siskiyou Union High School District                                             | Siskiyou Union High School District, Series 2009 B                                                                       | CUSIP: 829693EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15015000 | PA      | $4277579.81   | 0.15%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redondo Beach Unified School District                                           | Redondo Beach Unified School District, Series 2011 E                                                                     | CUSIP: 757710LT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3234102.30   | 0.11%             | 2031-08-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | Mountain House Community Facilities District, Series 2025                                                                | CUSIP: 62412KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501498.60    | 0.02%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2025 D                                                                                      | CUSIP: 786107VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10091049.00  | 0.34%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | City & County of San Francisco, Series 2022 B                                                                            | CUSIP: 79773NAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890561.40    | 0.03%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue      | San Francisco City & County Public Utilities Commission, Series 2024 C                                                   | CUSIP: 79768HKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20365372.00  | 0.69%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2020                                                      | CUSIP: 13077EHQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3061791.56   | 0.10%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                        | Washington Township Health Care District, Series 2017 B                                                                  | CUSIP: 940204EY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1888120.60   | 0.06%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2018                                                                      | CUSIP: 13049YCH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508777.70   | 0.05%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2025                                                                                             | CUSIP: 56453TBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1060259.68   | 0.04%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 B                                                                    | CUSIP: 13051AFH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3026506.71   | 0.10%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2467329.15   | 0.08%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Imperial CA                                                           | County of Imperial, Series 1999                                                                                          | CUSIP: 45272PAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3510000 | PA      | $3554998.55   | 0.12%             | 2031-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Vallejo Redevelopment Agency                                                    | Vallejo Redevelopment Agency, Series 2001 A                                                                              | CUSIP: 919222AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1769765.32   | 0.06%             | 2031-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tustin Community Facilities District                                            | Tustin Community Facilities District, Series 2015 A                                                                      | CUSIP: 901047FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.03%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TYB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6525000 | PA      | $6529095.74   | 0.22%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Susanville School District                                                      | Susanville School District, Series 2010                                                                                  | CUSIP: 869087DS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17505000 | PA      | $5000725.12   | 0.17%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 130486AT0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1277999.66   | 0.04%             | 2045-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2022 B                                                    | CUSIP: 13078YUD5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2876619.60   | 0.10%             | 2052-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                   | Menifee Union School District, Series 2018                                                                               | CUSIP: 586810E58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003639.70   | 0.03%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $241517.68    | 0.01%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2024                                                                                        | CUSIP: 786107VA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3117924.60   | 0.11%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Clemente CA                                                         | City of San Clemente, Series 2015                                                                                        | CUSIP: 797214CF8<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1745000.00   | 0.06%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $738410.71    | 0.03%             | 2034-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                | San Joaquin Hills Transportation Corridor Agency, Series 1997 A                                                          | CUSIP: 798111EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  50225000 | PA      | $40177985.98  | 1.37%             | 2032-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Galt Community Facilities District                                              | Galt Community Facilities District, Series 2023 A                                                                        | CUSIP: 364110BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $3039166.38   | 0.10%             | 2048-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2016                                                                                           | CUSIP: 777870WF9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6442985.44   | 0.22%             | 2046-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2016                                                                                           | CUSIP: 777870WE2<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1965189.72   | 0.07%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                | San Joaquin Hills Transportation Corridor Agency, Series 1997 A                                                          | CUSIP: 798111DA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19475000 | PA      | $19260126.48  | 0.66%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2021 A                                                               | CUSIP: 13069AAJ7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    630000 | PA      | $484109.39    | 0.02%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2019                                                                                           | CUSIP: 777870B54<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3832616.96   | 0.13%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2016 A                                                          | CUSIP: 13032UGL6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   8190000 | PA      | $7280314.59   | 0.25%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Community Housing & Economic Development Corp.                            | Texas Community Housing & Economic Development Corp., Series 2025 A-2                                                    | CUSIP: 88231CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1300347.94   | 0.04%             | 2065-01-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2023 C-1                                                  | CUSIP: 13078YUT0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2940246.00   | 0.10%             | 2053-09-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AHQ4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $769718.88    | 0.03%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rowland Unified School District                                                 | Rowland Unified School District, Series 2009 B                                                                           | CUSIP: 779631EJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3539300.50   | 0.12%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  45755000 | PA      | $41771674.94  | 1.42%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | Los Angeles Unified School District, Series 2024 QRR                                                                     | CUSIP: 544647JM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8741400.00   | 0.30%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No. 2016-1      | City & County of San Francisco, Series 2022 A                                                                            | CUSIP: 79773LAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $4160057.90   | 0.14%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1153494.94   | 0.04%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Torrance Unified School District                                                | Torrance Unified School District, Series 2009 B-1                                                                        | CUSIP: 891381G58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5095000 | PA      | $3317390.17   | 0.11%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536QY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $35.00        | 0.00%             | 2022-07-01      | Fixed         | 7.00%                 | No            |                  3 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051BAA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307708.23    | 0.01%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Mirage Community Facilities District                                     | Rancho Mirage Community Facilities District, Series 2024 A                                                               | CUSIP: 75213WCN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1332286.90   | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                      | Lammersville Joint Unified School District, Series 2025                                                                  | CUSIP: 513533JW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5195256.15   | 0.18%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $115.00       | 0.00%             | 2039-07-01      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023 C                                                                    | CUSIP: 13051AGN2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1292708.82   | 0.04%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049AAM5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    925000 | PA      | $834673.29    | 0.03%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2014                                                                                           | CUSIP: 777870UU8<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1885648.06   | 0.06%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Alamitos Unified School District                                            | Los Alamitos Unified School District, Series 2012                                                                        | CUSIP: 544204DP2<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1646117.40   | 0.06%             | 2034-08-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency, Series 2021 A-2                                                                     | CUSIP: 13013FAZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $5814941.60   | 0.20%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                | San Joaquin Hills Transportation Corridor Agency, Series 2014 B                                                          | CUSIP: 798111GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27790000 | PA      | $27790750.33  | 0.95%             | 2049-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                     | CMFA Special Finance Agency Enclave, Series 2022 A-2                                                                     | CUSIP: 12574WAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  39885000 | PA      | $26346826.47  | 0.90%             | 2051-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2019 A                                                                    | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5327933.05   | 0.18%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024                                                                      | CUSIP: 13051AKF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1195181.13   | 0.04%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Madera CA                                                             | County of Madera, Series 2022                                                                                            | CUSIP: 55646MDD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1116130.84   | 0.04%             | 2053-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series 1                                                                           | CUSIP: 74526YAB1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1768493 | PA      | $1158362.92   | 0.04%             | 2021-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 A                                                                    | CUSIP: 13048V3G1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493867.00    | 0.02%             | 2054-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGQ7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1243501.34   | 0.04%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency, Series 2020 B                                                           | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2722775.70   | 0.09%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049AAN3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2300849.26   | 0.08%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A                              | CUSIP: 79766DLX5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5535000 | PA      | $5649375.24   | 0.19%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2020 A-1                                                   | CUSIP: 13034AW30<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1880373.74   | 0.06%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13051AGS1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    300000 | PA      | $293378.04    | 0.01%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TYA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3028070.95   | 0.10%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hanford Joint Union High School District                                        | Hanford Joint Union High School District, Series B                                                                       | CUSIP: 410360GU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3705000 | PA      | $2845541.89   | 0.10%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 A                                                          | CUSIP: 13032UU71<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4720000 | PA      | $4662509.46   | 0.16%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGC8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1671709.88   | 0.06%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                               | San Diego Unified School District, Series 2012 E                                                                         | CUSIP: 797355R48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $10120936.50  | 0.34%             | 2047-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Ontario CA Community Facilities District No. 28                         | City of Ontario, Series 2017                                                                                             | CUSIP: 68302TBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002634.80   | 0.03%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2024                                                                                             | CUSIP: 56453TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1533072.42   | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton Community Facilities District                                          | City of Stockton, Series 2022                                                                                            | CUSIP: 861341SH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3647897.48   | 0.12%             | 2052-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  18244000 | PA      | $16383626.48  | 0.56%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023 A                                                                    | CUSIP: 13051AFY9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3070364.70   | 0.10%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                                                      | CUSIP: 13077ERA0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1464226.20   | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2025                                                                                      | CUSIP: 75211RRU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $226367.33    | 0.01%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                | San Joaquin Hills Transportation Corridor Agency, Series 2014 B                                                          | CUSIP: 798111GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2225159.76   | 0.08%             | 2044-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Series 2020                                                            | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $45.00        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526YAJ4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1601766 | PA      | $1049156.73   | 0.04%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TVE0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100053.68   | 0.04%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverbank Unified School District                                               | Riverbank Unified School District, Series 2008 B                                                                         | CUSIP: 768569CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6690000 | PA      | $3776253.46   | 0.13%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    733796 | PA      | $717948.35    | 0.02%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2018 B                                                    | CUSIP: 13078YMV4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4690000 | PA      | $4709688.62   | 0.16%             | 2043-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2019 C                                                    | CUSIP: 13078YQF5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    850000 | PA      | $858700.86    | 0.03%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024 A                                                                    | CUSIP: 13048V2S6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2773824.78   | 0.09%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023, Class II                                                            | CUSIP: 130483FZ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  12655000 | PA      | $11702322.74  | 0.40%             | 2051-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2018 A                                                          | CUSIP: 13032URP5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  12485000 | PA      | $12405795.16  | 0.42%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1098974.14   | 0.04%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2016                                                                         | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1907519.75   | 0.06%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2019 A                                                                       | CUSIP: 13059TFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2032555.61   | 0.07%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manteca CA                                                              | City of Manteca, Series 2025                                                                                             | CUSIP: 56453TBE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $723758.40    | 0.02%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Diego Tobacco Settlement Revenue Funding Corp.                      | City of San Diego, Series 2018 C                                                                                         | CUSIP: 797330AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $226036.15    | 0.01%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                  | CalPlant I LLC, Series 23 C                                                                                              | CUSIP: 13136CAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1415000.00   | 0.05%             | 2023-08-31      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Mountain House Community Facilities District                                    | City of Mountain House, Series 2025                                                                                      | CUSIP: 62412KAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $571032.79    | 0.02%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TNP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $1875904.76   | 0.06%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                            | Independent Cities Finance Authority, Series 2024 A                                                                      | CUSIP: 45385LRJ4<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1563186.30   | 0.05%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dublin CA Community Facilities District No. 2015-1                      | City of Dublin, Series 2019                                                                                              | CUSIP: 26362RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2816521.07   | 0.10%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024                                                       | CUSIP: 13035CAB1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1437877.44   | 0.05%             | 2054-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024 A                                                                       | CUSIP: 130591BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $576227.73    | 0.02%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2021 B                                                    | CUSIP: 13078YSL0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3280000 | PA      | $2940432.75   | 0.10%             | 2041-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 A                                                          | CUSIP: 13032US74<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10775000 | PA      | $10996868.03  | 0.37%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Unified School District                                           | Santa Barbara Unified School District, Series 2011 A                                                                     | CUSIP: 801257LU8<br>LEI: 549300PQRSK15XOJN302 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $10199262.40  | 0.35%             | 2036-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2024                                                                    | CUSIP: 76827QKY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1570942.73   | 0.05%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                                                      | CUSIP: 13051ANG9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6953612.40   | 0.24%             | 2055-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                               | San Diego Unified School District, Series 2010 C                                                                         | CUSIP: 797355P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26025000 | PA      | $23760538.73  | 0.81%             | 2047-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                        | Romoland School District, Series 2013                                                                                    | CUSIP: 776192LH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500941.40   | 0.05%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indio Community Facilities District                                             | Indio Community Facilities District, Series 2015                                                                         | CUSIP: 455697DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1135826.17   | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13049YAK7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3119208.63   | 0.11%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |  16300453 | PA      | $13472185.85  | 0.46%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rio Vista Community Facilities District                                         | Rio Vista Community Facilities District, Series 2018                                                                     | CUSIP: 767236BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1177949.58   | 0.04%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AEJ3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2425141.00   | 0.08%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | Mountain House Community Facilities District, Series 2025                                                                | CUSIP: 62412KAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962150.60    | 0.03%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024 A                                                               | CUSIP: 13069ABD9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1780647.60   | 0.06%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | City of Roseville, Series 2015                                                                                           | CUSIP: 777870VY9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1120616.56   | 0.04%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Community Facilities District                                           | Alameda Community Facilities District, Series 2023                                                                       | CUSIP: 010780DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972311.40    | 0.03%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2018 A                                                                       | CUSIP: 13058TGV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2607528.27   | 0.09%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    773832 | PA      | $849217.32    | 0.03%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TME7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $247897.44    | 0.01%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Franklin Municipal Securities Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer