# EDGAR Filing Document

**Accession Number:** 0000909994
**File Stem:** 0000940400-25-002875
**Filing Date:** 2025-9
**Character Count:** 230255
**Document Hash:** 08807c3afcb572b16dcfdd254c553f31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002875.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000940400-25-002875

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLD WESTBURY FUNDS INC
- **CENTRAL INDEX KEY:** 0000909994

**ORGANIZATION NAME:**
- **EIN:** 232874698
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07912
- **FILM NUMBER:** 251348991

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027914394

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Old Westbury Municipal Bond Fund (Series ID: S000001861)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000004838 | Old Westbury Municipal Bond Fund | OWMBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Old Westbury Funds Inc

- **b. Investment Company Act file number:** 811-07912

- **c. CIK number of Registrant:** 0000909994

- **d. LEI of Registrant:** 549300YMRMTWRGXX0W63

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-607-2200

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

- **a. Name of Series:** Old Westbury Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000001861

- **c. LEI of Series:** 5493006URTNJ8NVPAZ95

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $4478467623.19

**Total Liabilities:** $245060372.19

**Net Assets:** $4233407251.00

**Delayed Delivery Securities:** $235147771.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 9491.17948000 | **1-Year:** 205399.67270000 | **5-Year:** 975667.39307000 | **10-Year:** 829421.14999000 | **30-Year:** 23558.77229000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004838 | 0.26%                | 0.76%                | 0.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6076041.97             | $8834932.61                                |
| Month 2  | $3363101.15              | $20349734.06                               |
| Month 3  | $2235166.07              | $-4636992.62                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PHILADELPHIA PA AUTH FOR INDL         | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9229549.90   | 0.22%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION        | Metropolitan Water Reclamation District of Greater Chicago                   | CUSIP: 167560WD9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4361717.50   | 0.10%             | 2032-12-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| SPRING BRANCH TX INDEP SCH DIS        | Spring Branch Independent School District                                    | CUSIP: 849476VX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9109642.50   | 0.22%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN UNIVERSITY               | Northwestern University                                                      | CUSIP: 668444AT9<br>LEI: OBWWNZE695DUK77DTI34 | Long             | DBT              | CORP              | US        |   9275000 | PA      | $9337302.40   | 0.22%             | 2035-12-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                       | Commonwealth of Pennsylvania                                                 | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10278814.00  | 0.24%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HLTH FACS AUTH REV        | Delaware State Health Facilities Authority                                   | CUSIP: 246388UJ9<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9865938.00   | 0.23%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 915130BB3<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   6355000 | PA      | $7047420.46   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANKIN TX INDEP SCH DIST              | Rankin Independent School District                                           | CUSIP: 753177ED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1265821.88   | 0.03%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                     | County of Baltimore MD                                                       | CUSIP: 05914GFK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12695000 | PA      | $13780743.68  | 0.33%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU        | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KP0<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083299.60   | 0.05%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CET1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  13695000 | PA      | $12563551.97  | 0.30%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN                      | County of Hennepin MN                                                        | CUSIP: 425507PN4<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   4545000 | PA      | $4811368.36   | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA P        | San Francisco City & County Public Utilities Commission Wastewater Revenue   | CUSIP: 79768HJN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11106233.60  | 0.26%             | 2027-10-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                          | County of King WA                                                            | CUSIP: 49474F6R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5630000 | PA      | $6299369.84   | 0.15%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL TX INDEP SCH DIST            | Rockwall Independent School District                                         | CUSIP: 774286FG8<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6524964.00   | 0.15%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA SCH DIST #15        | Snohomish County School District No 15 Edmonds                               | CUSIP: 833153VM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5140342.02   | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514ANE1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11301798.00  | 0.27%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REVENUE            | San Antonio Water System                                                     | CUSIP: 79642GPT3<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2545911.25   | 0.06%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METRO OR                              | Metro/OR                                                                     | CUSIP: 59163PLW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15314017.50  | 0.36%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST             | Leander Independent School District                                          | CUSIP: 521841J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5182678.00   | 0.12%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JUP1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   9335000 | PA      | $9655069.15   | 0.23%             | 2034-05-01      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC         | City of Atlanta GA Airport Passenger Facility Charge                         | CUSIP: 04780TED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9280000 | PA      | $9917177.79   | 0.23%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST WTR RESOURCE BRD R        | Oklahoma Water Resources Board                                               | CUSIP: 67919PWG4<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3064870.33   | 0.07%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6775000 | PA      | $7493411.52   | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENEWABLE WTR RESOURCES SC SWR        | Renewable Water Resources                                                    | CUSIP: 75972ECU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4830763.08   | 0.11%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                               | State of Ohio                                                                | CUSIP: 677523JH6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  10805000 | PA      | $12306060.85  | 0.29%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET UTILITIES DIST NE WTR REVE        | Metropolitan Utilities District of Omaha Water System Revenue                | CUSIP: 592642FN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2480240.61   | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                      | District of Columbia                                                         | CUSIP: 25476FF52<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5045000 | PA      | $5519855.58   | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENEWABLE WTR RESOURCES SC SWR        | Renewable Water Resources                                                    | CUSIP: 75972ECR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3695000 | PA      | $4174319.10   | 0.10%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING BRANCH TX INDEP SCH DIS        | Spring Branch Independent School District                                    | CUSIP: 849476WA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9450000 | PA      | $10212001.70  | 0.24%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT OF TRANSPRTN HI        | State of Kansas Department of Transportation                                 | CUSIP: 485424TL9<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12333273.60  | 0.29%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC WTR & SWR SYS REV        | City of Charlotte NC Water & Sewer System Revenue                            | CUSIP: 161045ST7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1546465.11   | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                             | State of Hawaii                                                              | CUSIP: 419792J72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3073463.10   | 0.07%             | 2028-10-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067HA9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5073164.50   | 0.12%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV        | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477PM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2423045.70   | 0.06%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                              | State of Texas                                                               | CUSIP: 882723ZC6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3213058.56   | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST UNIV                  | Pennsylvania State University/The                                            | CUSIP: 7092353R4<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   2880000 | PA      | $3246203.23   | 0.08%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANKIN TX INDEP SCH DIST              | Rankin Independent School District                                           | CUSIP: 753177EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1265821.88   | 0.03%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN        | Massachusetts Bay Transportation Authority Sales Tax Revenue                 | CUSIP: 575579Y76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8574691.50   | 0.20%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INFRASTRUCTURE BANK        | New Jersey Infrastructure Bank                                               | CUSIP: 64580CNM5<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10280818.00  | 0.24%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JAC2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089324.20   | 0.05%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU        | Utility Debt Securitization Authority                                        | CUSIP: 91802REU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6131088.00   | 0.14%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREGORY-PORTLAND TX INDEP SCHD        | Gregory-Portland Independent School District/TX                              | CUSIP: 397586TF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6071429.60   | 0.14%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE        | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GVG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3781813.58   | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSE7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   6825000 | PA      | $7720510.98   | 0.18%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV        | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182QC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11590000 | PA      | $12132920.80  | 0.29%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A        | City of Los Angeles Department of Airports                                   | CUSIP: 544445R76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4735000 | PA      | $5120562.53   | 0.12%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCOTTSDALE AZ                         | City of Scottsdale AZ                                                        | CUSIP: 810454FP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $3254614.16   | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974E2J4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16405876.50  | 0.39%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JTL2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3121076.10   | 0.07%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLEIN TX INDEP SCH DIST               | Klein Independent School District                                            | CUSIP: 498531UV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5526313.00   | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514AMS1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7181363.70   | 0.17%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH PERSO        | New York State Thruway Authority                                             | CUSIP: 650028YR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10488688.00  | 0.25%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST            | Mesquite Independent School District                                         | CUSIP: 590760UP7<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4466753.20   | 0.11%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN        | State of Hawaii Department of Budget & Finance                               | CUSIP: 419800QB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3256324.50   | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV        | Empire State Development Corp                                                | CUSIP: 650036FF8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11158749.00  | 0.26%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU        | Utility Debt Securitization Authority                                        | CUSIP: 91802RFC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10999035.00  | 0.26%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CITY OK                      | City of Oklahoma City OK                                                     | CUSIP: 6785192R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8420000 | PA      | $9435691.13   | 0.22%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REVENUE        | Kansas Development Finance Authority                                         | CUSIP: 48542RB29<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   6595000 | PA      | $7170752.07   | 0.17%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140JH7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6059911.20   | 0.14%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU        | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829LF1<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2663521.50   | 0.06%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974E7C4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15358776.00  | 0.36%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067HL5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  18800000 | PA      | $20887138.40  | 0.49%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSB3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2793351.00   | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&        | Salt River Project Agricultural Improvement & Power District                 | CUSIP: 79574CGZ0<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   7180000 | PA      | $8102101.55   | 0.19%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                          | County of King WA                                                            | CUSIP: 49474F6P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2276570.00   | 0.05%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                          | State of Wisconsin                                                           | CUSIP: 97705MJK2<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   5780000 | PA      | $6036524.49   | 0.14%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 6460665H9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1864426.44   | 0.04%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH            | Colorado Housing and Finance Authority                                       | CUSIP: 19648GRQ7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000215.20   | 0.02%             | 2029-05-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514ALU7<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  14700000 | PA      | $16377020.10  | 0.39%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514ANC5<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   7470000 | PA      | $8361409.29   | 0.20%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM        | North Carolina Medical Care Commission                                       | CUSIP: 65821DZP9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6537805.80   | 0.15%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST WTR RESOURCES        | Massachusetts Water Resources Authority                                      | CUSIP: 576051K47<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2376374.54   | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067EJ3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10391179.00  | 0.25%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE           | State of Hawaii Airports System Revenue                                      | CUSIP: 419794C34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10350000 | PA      | $11003836.41  | 0.26%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY NC LTD OBLG          | County of Mecklenburg NC                                                     | CUSIP: 58400CBP1<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |  11195000 | PA      | $12144166.96  | 0.29%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC        | Virginia College Building Authority                                          | CUSIP: 92778VLR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6540000 | PA      | $7076359.79   | 0.17%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140FW8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5132595.00   | 0.12%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST           | Fort Bend Independent School District                                        | CUSIP: 346843VU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004529.00   | 0.12%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH                | Maine Turnpike Authority                                                     | CUSIP: 560551SB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2212936.80   | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                              | State of Texas                                                               | CUSIP: 882724XS1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4388193.00   | 0.10%             | 2031-10-01      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140JA2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5702473.70   | 0.13%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSG2<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $4200547.47   | 0.10%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QRM0<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5594014.00   | 0.13%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federated U.S. Treasury Cash Reserves | Federated U.S. Treasury Cash Reserves                                        | CUSIP: 31423R880<br>LEI: 25490003NTA1P9CI5X97 | Long             | STIV             | RF                | US        | 310559971 | NS      | $310559971.00 | 7.34%             |  |  |  | No            |                  1 | On Loan: No      |
| STANFORD UNIVERSITY                   | Leland Stanford Junior University/The                                        | CUSIP: 85440KAE4<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6316634.94   | 0.15%             | 2035-03-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063DM96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10698632.00  | 0.25%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BLDG AUTH SALES TAX R        | Idaho State Building Authority                                               | CUSIP: 451446AM0<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10199899.00  | 0.24%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ECTOR CNTY TX INDEP SCH DIST          | Ector County Independent School District                                     | CUSIP: 279263RJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6806024.80   | 0.16%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                          | State of Wisconsin                                                           | CUSIP: 97705ML45<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038572.20   | 0.05%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                       | County of Fairfax VA                                                         | CUSIP: 30382APD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16640000 | PA      | $17789065.22  | 0.42%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140ES8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12173089.20  | 0.29%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDEP SCH DIST             | Houston Independent School District                                          | CUSIP: 442403RD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5068423.00   | 0.12%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                             | State of Hawaii                                                              | CUSIP: 419792K39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085280.60   | 0.05%             | 2032-10-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO        | New York State Dormitory Authority                                           | CUSIP: 64990KGH0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11124348.00  | 0.26%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METRO OR                              | Metro/OR                                                                     | CUSIP: 59163PLX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15664552.50  | 0.37%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14334559.40  | 0.34%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067KF4<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  11450000 | PA      | $11716257.16  | 0.28%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CABARRUS CNTY NC LTD OBLIG            | County of Cabarrus NC                                                        | CUSIP: 12677REA1<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |  10250000 | PA      | $11588930.85  | 0.27%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S        | North Texas Municipal Water District Water System Revenue                    | CUSIP: 662903H55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5621814.50   | 0.13%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                        | State of Connecticut                                                         | CUSIP: 20772KNN5<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   6295000 | PA      | $6447211.21   | 0.15%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758S61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6958047.85   | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST UNIV                  | Pennsylvania State University/The                                            | CUSIP: 7092353P8<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   7325000 | PA      | $8110374.05   | 0.19%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST         | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT/TX                                   | CUSIP: 796269N95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $3007212.35   | 0.07%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                          | State of Wisconsin                                                           | CUSIP: 97705MXH3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8895779.20   | 0.21%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647NM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5423162.00   | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV PERM UNIV         | Permanent University Fund - Texas A&M University System                      | CUSIP: 882117E67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10285000 | PA      | $10871311.85  | 0.26%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R        | Massachusetts Development Finance Agency                                     | CUSIP: 57585BAL2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17002494.00  | 0.40%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SCH DIST #411 ISS        | King County School District No 411 Issaquah                                  | CUSIP: 4952244L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9409071.60   | 0.22%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS-FAIRBANKS TX INDEP SCH        | Cypress-Fairbanks Independent School District                                | CUSIP: 232769QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14020000 | PA      | $15689578.71  | 0.37%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5435261.50   | 0.13%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                         | County of Bexar TX                                                           | CUSIP: 088281ZZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7664018.25   | 0.18%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S        | North Texas Municipal Water District Water System Revenue                    | CUSIP: 662903H71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5656579.00   | 0.13%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP LEAS        | Maryland Economic Development Corp                                           | CUSIP: 57420PHG4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4662411.60   | 0.11%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC         | City of Atlanta GA Airport Passenger Facility Charge                         | CUSIP: 04780TEE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12890000 | PA      | $13631934.22  | 0.32%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                      | Commonwealth of Massachusetts                                                | CUSIP: 57582RY83<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11279152.00  | 0.27%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR WTR SYS REVENUE           | City of Portland OR Water System Revenue                                     | CUSIP: 736754TA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3703200.55   | 0.09%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REVENUE        | Kansas Development Finance Authority                                         | CUSIP: 48542RA20<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |  10510000 | PA      | $11608777.41  | 0.27%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14645444.80  | 0.35%             | 2032-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA                   | County of Santa Clara CA                                                     | CUSIP: 801546SL7<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10039824.00  | 0.24%             | 2027-08-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                       | Commonwealth of Pennsylvania                                                 | CUSIP: 70914P2U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6713689.44   | 0.16%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JTY4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16496008.50  | 0.39%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORNEY TX INDEP SCH DIST              | Forney Independent School District                                           | CUSIP: 346425LV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5029176.60   | 0.12%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DRIPPING SPRINGS TX INDEP SCHD        | Dripping Springs Independent School District/TX                              | CUSIP: 262061UZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4852203.85   | 0.11%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP SAL        | Empire State Development Corp                                                | CUSIP: 64985TEC1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21987452.00  | 0.52%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN        | Massachusetts Bay Transportation Authority Sales Tax Revenue                 | CUSIP: 575579Y84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3776846.37   | 0.09%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 9151158N2<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7195566.95   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514AML6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1961471.88   | 0.05%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV PERM UNIV         | Permanent University Fund - Texas A&M University System                      | CUSIP: 8821178G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6752023.80   | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KATY TX INDEP SCH DIST                | Katy Independent School District                                             | CUSIP: 4860632E9<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5108681.00   | 0.12%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CBA5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7989524.65   | 0.19%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QRF5<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3945108.77   | 0.09%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&        | Salt River Project Agricultural Improvement & Power District                 | CUSIP: 79574CHA4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   7100000 | PA      | $7924205.63   | 0.19%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JAB4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1818888.58   | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL         | Ohio Water Development Authority Water Pollution Control Loan Fund           | CUSIP: 67766WN65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7640000 | PA      | $7815401.41   | 0.18%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREGORY-PORTLAND TX INDEP SCHD        | Gregory-Portland Independent School District/TX                              | CUSIP: 397586TH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3391610.80   | 0.08%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANGELO TX INDEP SCH DIST          | San Angelo Independent School District                                       | CUSIP: 796116UA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9285000 | PA      | $10218311.49  | 0.24%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063DB56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14117705.00  | 0.33%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL TX INDEP SCH DIST            | Rockwall Independent School District                                         | CUSIP: 774286FA1<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4317373.60   | 0.10%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10416018.00  | 0.25%             | 2031-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 9151158J1<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10233457.00  | 0.24%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST WTR RESOURCES        | Massachusetts Water Resources Authority                                      | CUSIP: 576051K21<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2631381.50   | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANKIN TX INDEP SCH DIST              | Rankin Independent School District                                           | CUSIP: 753177DZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2465090.27   | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI               | City & County of Honolulu HI                                                 | CUSIP: 438687S55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3276041.10   | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUDOUN CNTY VA                       | County of Loudoun VA                                                         | CUSIP: 54589TKJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7555000 | PA      | $7615695.36   | 0.18%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTSVILLE AL                         | City of Huntsville AL                                                        | CUSIP: 447025RG4<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1500281.84   | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE        | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576JS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10562207.00  | 0.25%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CITY OK                      | City of Oklahoma City OK                                                     | CUSIP: 6785192M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8420000 | PA      | $9309825.60   | 0.22%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                        | State of Connecticut                                                         | CUSIP: 20772KZM4<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5117829.50   | 0.12%             | 2031-03-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC        | Hampton Roads Transportation Accountability Commission                       | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16330000 | PA      | $16702061.09  | 0.39%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 915130AK4<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2731145.88   | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE        | South Carolina Jobs-Economic Development Authority                           | CUSIP: 837032BL4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2217554.00   | 0.05%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUDOUN CNTY VA                       | County of Loudoun VA                                                         | CUSIP: 54589TQH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9130000 | PA      | $10046815.43  | 0.24%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                               | State of Ohio                                                                | CUSIP: 677523LK6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5696219.00   | 0.13%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 915130AC2<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7909121.25   | 0.19%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CEZ7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5013261.50   | 0.12%             | 2026-06-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL         | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BP6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   6275000 | PA      | $6698927.08   | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT OF TRANSPRTN         | State of Maryland Department of Transportation                               | CUSIP: 574204D34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10023232.00  | 0.24%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST MAJOR NEW STATE INFRAS        | State of Ohio                                                                | CUSIP: 677581JE1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1210620.72   | 0.03%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2360014.20   | 0.06%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC        | Health & Educational Facilities Authority of the State of Missouri           | CUSIP: 60637AWU2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4369054.80   | 0.10%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE              | Iowa Finance Authority                                                       | CUSIP: 46247SFR0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  16125000 | PA      | $18191562.26  | 0.43%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC        | Hampton Roads Transportation Accountability Commission                       | CUSIP: 409328BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3286494.00   | 0.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLLIN CNTY TX                        | County of Collin TX                                                          | CUSIP: 194740SS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6730000 | PA      | $6984163.83   | 0.16%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC WTR & SWR SYS REV        | City of Charlotte NC Water & Sewer System Revenue                            | CUSIP: 161045SK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1295487.95   | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                          | State of Minnesota                                                           | CUSIP: 60412AYJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7360000 | PA      | $7906440.99   | 0.19%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140DR1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5410000 | PA      | $5071870.67   | 0.12%             | 2028-01-01      | Fixed         | 1.48%                 | No            |                  2 | On Loan: No      |
| CYPRESS-FAIRBANKS TX INDEP SCH        | Cypress-Fairbanks Independent School District                                | CUSIP: 232769QB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10555698.90  | 0.25%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEPT OF TRANSN FEDE        | State of Florida Department of Transportation                                | CUSIP: 34160DAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170000 | PA      | $4540874.38   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067KQ0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   7585000 | PA      | $8593458.37   | 0.20%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JKK3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15011827.50  | 0.35%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRUSTEES PRINCETON UNIV               | Trustees of Princeton University/The                                         | CUSIP: 89837LAJ4<br>LEI: 549300PJZYINN64GDJ90 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1826891.60   | 0.04%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN        | State of Hawaii Department of Budget & Finance                               | CUSIP: 419800PZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3473828.66   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE        | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GVB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7185000 | PA      | $7054955.81   | 0.17%             | 2030-07-01      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758YK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11400000 | PA      | $11887721.64  | 0.28%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE              | Iowa Finance Authority                                                       | CUSIP: 46247SCD4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3561988.70   | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRAVIS CNTY TX                        | County of Travis TX                                                          | CUSIP: 89454ABT7<br>LEI: 549300HEC6MNL5465K30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10404373.00  | 0.25%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974D3V8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   6650000 | PA      | $6711741.93   | 0.16%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA INDL DEV AUTH         | Fairfax County Industrial Development Authority                              | CUSIP: 30382VAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17900000 | PA      | $19996834.64  | 0.47%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RUTGERS NJ ST UNIV                    | Rutgers The State University of New Jersey                                   | CUSIP: 783186UL1<br>LEI: 549300BOYDHNW8J60112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1866094.00   | 0.04%             | 2028-05-01      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| GREGORY-PORTLAND TX INDEP SCHD        | Gregory-Portland Independent School District/TX                              | CUSIP: 397586SV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9850000 | PA      | $10514470.17  | 0.25%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063EMG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2557629.14   | 0.06%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU        | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829LH7<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2218572.80   | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA SCH DIST #15        | Snohomish County School District No 15 Edmonds                               | CUSIP: 833153VR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2494488.70   | 0.06%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067HC5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4253246.00   | 0.10%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSK3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   6820000 | PA      | $7757222.81   | 0.18%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSJ6<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   5930000 | PA      | $6740565.18   | 0.16%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUDOUN CNTY VA                       | County of Loudoun VA                                                         | CUSIP: 54589TQE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10045000 | PA      | $11468799.39  | 0.27%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING TX INDEP SCH DIST              | Spring Independent School District                                           | CUSIP: 850001BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3664733.48   | 0.09%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758S79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5865000 | PA      | $6398054.60   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                        | State of Connecticut                                                         | CUSIP: 20772KEY1<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5967958.80   | 0.14%             | 2027-09-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV PERM UNIV         | Permanent University Fund - Texas A&M University System                      | CUSIP: 8821177S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14110000 | PA      | $15212666.87  | 0.36%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3716536.95   | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF COLORADO CO HOSP AUTHR        | University of Colorado Hospital Authority                                    | CUSIP: 914183CD8<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7943390.73   | 0.19%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY NC LTD OBLG          | County of Mecklenburg NC                                                     | CUSIP: 58400CBM8<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |  11285000 | PA      | $11716809.24  | 0.28%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF COLORADO CO HOSP AUTHR        | University of Colorado Hospital Authority                                    | CUSIP: 914183BX5<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11175267.00  | 0.26%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH                           | City of Columbus OH                                                          | CUSIP: 1994926U8<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2637362.54   | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRES & FELLOWS OF HARVAR              | President and Fellows of Harvard College                                     | CUSIP: 740816AS2<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3071283.09   | 0.07%             | 2030-03-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                  | State of Ohio                                                                | CUSIP: 67756CGC6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7211393.80   | 0.17%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE        | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GUN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12675000 | PA      | $13681131.36  | 0.32%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15421675.50  | 0.36%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEN TX INDEP SCH DIST               | Allen Independent School District                                            | CUSIP: 018106XG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7344130.38   | 0.17%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3132106.20   | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM        | North Carolina Medical Care Commission                                       | CUSIP: 65821DZJ3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6685238.40   | 0.16%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                           | City of New York NY                                                          | CUSIP: 64966SBN5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10277728.00  | 0.24%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                           | State of Delaware                                                            | CUSIP: 246381QU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7895000 | PA      | $8854746.99   | 0.21%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU        | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KQ8<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5069239.14   | 0.12%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758XP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10355936.00  | 0.24%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063DR83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8738949.45   | 0.21%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S        | North Texas Municipal Water District Water System Revenue                    | CUSIP: 662903H63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11287600.00  | 0.27%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                      | Commonwealth of Massachusetts                                                | CUSIP: 57582R3A2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10069227.00  | 0.24%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067KP2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   7735000 | PA      | $8769007.84   | 0.21%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOMBALL TX INDEP SCH DIST             | Tomball Independent School District                                          | CUSIP: 8898552A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2708174.75   | 0.06%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV        | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10384665.00  | 0.25%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION         | Texas Transportation Commission                                              | CUSIP: 882830BT8<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4586624.57   | 0.11%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067KD9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16589601.00  | 0.39%             | 2064-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 9151158K8<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6282349.80   | 0.15%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA        | New Hampshire Health and Education Facilities Authority Act                  | CUSIP: 64461XMH5<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $22454134.00  | 0.53%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWN UNIVERSITY                      | Brown University                                                             | CUSIP: 11575TAB4<br>LEI: 9M13ULPHBPDR83N6CB89 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7075542.32   | 0.17%             | 2030-09-01      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R        | Massachusetts Development Finance Agency                                     | CUSIP: 57585BAA6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  17830000 | PA      | $19940326.71  | 0.47%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY N W WA ELEC REVENUE            | Energy Northwest                                                             | CUSIP: 29270CR31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10200535.00  | 0.24%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX INDEP SCH DIST          | North East Independent School District/TX                                    | CUSIP: 659155QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5140000 | PA      | $5658690.76   | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BLDG AUTH SALES TAX R        | Idaho State Building Authority                                               | CUSIP: 451446AQ1<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5462950.00   | 0.13%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE        | Texas State University System                                                | CUSIP: 88278PH23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1778543.19   | 0.04%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                             | State of Hawaii                                                              | CUSIP: 419792J98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5200480.00   | 0.12%             | 2030-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                        | State of Connecticut                                                         | CUSIP: 20772KXE4<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4812867.84   | 0.11%             | 2027-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSM9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   4720000 | PA      | $5326699.83   | 0.13%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063EAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15031300.50  | 0.36%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT TX REGL WTR DIST WTR R        | Tarrant Regional Water District Water Supply System Revenue                  | CUSIP: 876443VQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15160000 | PA      | $17052045.32  | 0.40%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                           | State of Delaware                                                            | CUSIP: 246381TB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9005000 | PA      | $9178671.33   | 0.22%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREGORY-PORTLAND TX INDEP SCHD        | Gregory-Portland Independent School District/TX                              | CUSIP: 397586TG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10365000 | PA      | $11167276.91  | 0.26%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F        | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790TT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11164564.00  | 0.26%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORNEY TX INDEP SCH DIST              | Forney Independent School District                                           | CUSIP: 346425LS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5724857.25   | 0.14%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE            | City of Austin TX Airport System Revenue                                     | CUSIP: 052398HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012186.80   | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SALES         | Idaho Housing & Finance Association                                          | CUSIP: 45130ABM6<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1345088.25   | 0.03%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING BRANCH TX INDEP SCH DIS        | Spring Branch Independent School District                                    | CUSIP: 849476VY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5965976.90   | 0.14%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH FAC        | Virginia Beach Development Authority                                         | CUSIP: 92774GPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2853161.03   | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX WTR & SWR REVENUE          | City of El Paso TX Water & Sewer Revenue                                     | CUSIP: 283822ZV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5032684.00   | 0.12%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN DEV AUTH GA                | Brookhaven Development Authority                                             | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18480000 | PA      | $16311312.86  | 0.39%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE            | City of Austin TX Airport System Revenue                                     | CUSIP: 052398HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5306795.00   | 0.13%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974EXQ4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15837067.50  | 0.37%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH FAC        | Virginia Beach Development Authority                                         | CUSIP: 92774GPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2789482.68   | 0.07%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING TX INDEP SCH DIST              | Spring Independent School District                                           | CUSIP: 850001BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5640851.00   | 0.13%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                        | County of Harris TX                                                          | CUSIP: 4140052V9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   6085000 | PA      | $6864550.57   | 0.16%             | 2033-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANGELO TX INDEP SCH DIST          | San Angelo Independent School District                                       | CUSIP: 796116TZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3917054.40   | 0.09%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORNEY TX INDEP SCH DIST              | Forney Independent School District                                           | CUSIP: 346425LU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4173193.50   | 0.10%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974EC95<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21646074.00  | 0.51%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                           | State of Maryland                                                            | CUSIP: 574193VN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16265169.00  | 0.38%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE           | State of Hawaii Airports System Revenue                                      | CUSIP: 419794C67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6015000 | PA      | $6281167.36   | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE        | Texas State University System                                                | CUSIP: 88278PH56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8437097.25   | 0.20%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH            | Massachusetts Port Authority                                                 | CUSIP: 575896YR0<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5407177.00   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOULDER LARIMER & WELD CNTYS C        | Boulder Larimer & Weld Counties St Vrain Valley School District Re1J         | CUSIP: 101565K81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20699964.00  | 0.49%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE         | Michigan State Building Authority                                            | CUSIP: 594615MZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $7662137.43   | 0.18%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 6461396S9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4086150.80   | 0.10%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                    | County of Montgomery MD                                                      | CUSIP: 61334PFR9<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |  13915000 | PA      | $14973945.42  | 0.35%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU        | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829LE4<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3634450.05   | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP        | City of Phoenix Civic Improvement Corp                                       | CUSIP: 71883MQM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5371534.50   | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSH0<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   5940000 | PA      | $6756589.62   | 0.16%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH            | Colorado Housing and Finance Authority                                       | CUSIP: 19648GSC7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2378366.28   | 0.06%             | 2036-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD                | County of Prince George's MD                                                 | CUSIP: 741702BS2<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1655000.00   | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX INDEP SCH DIST          | North East Independent School District/TX                                    | CUSIP: 659155QU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6167653.80   | 0.15%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A        | City of Los Angeles Department of Airports                                   | CUSIP: 5444455N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2938323.43   | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST              | Conroe Independent School District                                           | CUSIP: 2084184G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3919868.55   | 0.09%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREGORY-PORTLAND TX INDEP SCHD        | Gregory-Portland Independent School District/TX                              | CUSIP: 397586TS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2641385.25   | 0.06%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST              | Denton Independent School District                                           | CUSIP: 249002LR5<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5567076.50   | 0.13%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP LEAS        | Maryland Economic Development Corp                                           | CUSIP: 57420PHL3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5632183.56   | 0.13%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST              | Denton Independent School District                                           | CUSIP: 249002MB9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |  16460000 | PA      | $16580518.47  | 0.39%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST            | Mesquite Independent School District                                         | CUSIP: 590760UN2<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2775835.75   | 0.07%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS-FAIRBANKS TX INDEP SCH        | Cypress-Fairbanks Independent School District                                | CUSIP: 232769QA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9150000 | PA      | $10056590.24  | 0.24%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH            | Colorado Housing and Finance Authority                                       | CUSIP: 19648GRW4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2942308.74   | 0.07%             | 2032-05-01      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| SAN ANGELO TX INDEP SCH DIST          | San Angelo Independent School District                                       | CUSIP: 796116UC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5575000 | PA      | $6000763.87   | 0.14%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A        | California Health Facilities Financing Authority                             | CUSIP: 13032U3Z9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4600350.00   | 0.11%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE          | Illinois Finance Authority                                                   | CUSIP: 45204FA96<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2818857.25   | 0.07%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647MN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2711581.00   | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974E2K1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16629879.00  | 0.39%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JUD8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   9665000 | PA      | $10887361.55  | 0.26%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV        | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27720000 | PA      | $29495360.66  | 0.70%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL         | Philadelphia Authority for Industrial Development                            | CUSIP: 717901CA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12698667.00  | 0.30%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN ANGELO TX INDEP SCH DIST          | San Angelo Independent School District                                       | CUSIP: 796116UB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9515000 | PA      | $10361198.45  | 0.24%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH            | Colorado Housing and Finance Authority                                       | CUSIP: 19648GRU8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2246423.11   | 0.05%             | 2031-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX INDEP SCH DIST          | North East Independent School District/TX                                    | CUSIP: 659155QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5245000 | PA      | $5843956.45   | 0.14%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST TRANSPRTN AUTH TRA        | Delaware Transportation Authority                                            | CUSIP: 246428M29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6780000 | PA      | $7112071.52   | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANFORD UNIVERSITY                   | Leland Stanford Junior University/The                                        | CUSIP: 85440KAC8<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4754312.20   | 0.11%             | 2027-06-01      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BLDG AUTH SALES TAX R        | Idaho State Building Authority                                               | CUSIP: 451446AN8<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   8445000 | PA      | $8832593.41   | 0.21%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEWISVILLE TX INDEP SCH DIST          | Lewisville Independent School District                                       | CUSIP: 52882PEE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5361543.50   | 0.13%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDDLESEX CNTY NJ IMPT AUTH LE        | Middlesex County Improvement Authority                                       | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7573527.00   | 0.18%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140FC2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3755000 | PA      | $4047351.16   | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BLDG AUTH SALES TAX R        | Idaho State Building Authority                                               | CUSIP: 451446AJ7<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5680146.50   | 0.13%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514ALW3<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  14775000 | PA      | $16105388.28  | 0.38%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CNTY NC                      | County of Guilford NC                                                        | CUSIP: 401784V83<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |  10200000 | PA      | $11296031.82  | 0.27%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6695000 | PA      | $7503319.49   | 0.18%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514ALN3<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10948099.00  | 0.26%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU        | Idaho Health Facilities Authority                                            | CUSIP: 451295F53<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5556309.00   | 0.13%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU        | Utility Debt Securitization Authority                                        | CUSIP: 91802REW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10865045.00  | 0.26%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV REVENUES          | Texas A&M University                                                         | CUSIP: 88213ATM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2259931.60   | 0.05%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL        | South Dakota Health & Educational Facilities Authority                       | CUSIP: 83755VS62<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   7955000 | PA      | $8697589.70   | 0.21%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140JN4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11061478.00  | 0.26%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU        | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829LG9<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2353074.41   | 0.06%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SCH DIST        | Denver City & County School District No 1                                    | CUSIP: 249174ZG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066383.20   | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974E4H6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5648637.83   | 0.13%             | 2026-08-01      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| RICHARDSON TX INDEP SCH DIST          | Richardson Independent School District                                       | CUSIP: 763262AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20020000 | PA      | $20312348.06  | 0.48%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                          | State of Wisconsin                                                           | CUSIP: 97705MZZ1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |  13780000 | PA      | $14650296.57  | 0.35%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2249864.82   | 0.05%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL         | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BM3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7151862.20   | 0.17%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST         | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT/TX                                   | CUSIP: 796269N38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3685178.16   | 0.09%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE               | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5716833.10   | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH REVEN        | Camden County Improvement Authority/The                                      | CUSIP: 13281NK35<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083814.10   | 0.03%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A        | City of Los Angeles Department of Airports                                   | CUSIP: 5444455R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2242859.80   | 0.05%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT OF TRANSPRTN HI        | State of Kansas Department of Transportation                                 | CUSIP: 485424TN5<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   4410000 | PA      | $4739826.99   | 0.11%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HURST-EULESS-BEDFORD TX INDEP         | Hurst-Euless-Bedford Independent School District                             | CUSIP: 447819JT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2566156.00   | 0.06%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST             | Leander Independent School District                                          | CUSIP: 521841J49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5287411.50   | 0.12%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL         | New York City Transitional Finance Authority                                 | CUSIP: 64972JGQ5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   8560000 | PA      | $8745746.86   | 0.21%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING TX INDEP SCH DIST              | Spring Independent School District                                           | CUSIP: 850001BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3863706.35   | 0.09%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR SWR SYS REVENUE           | City of Portland OR Sewer System Revenue                                     | CUSIP: 736742H26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4190000 | PA      | $4206624.66   | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY NY INTERIM FIN AUT        | Nassau County Interim Finance Authority                                      | CUSIP: 631663RY9<br>LEI: 549300DP7LB76W78BR41 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10621618.00  | 0.25%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P        | Los Angeles Department of Water & Power Water System Revenue                 | CUSIP: 544525Q92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5187938.00   | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAVIS CNTY UT SCH DIST                | Davis School District                                                        | CUSIP: 2390194Z2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $4153665.17   | 0.10%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE        | Texas State University System                                                | CUSIP: 88278PG99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4496392.10   | 0.11%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 915130AX6<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1917740.44   | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING TX INDEP SCH DIST              | Spring Independent School District                                           | CUSIP: 850001BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12935000 | PA      | $14432428.04  | 0.34%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                           | City of New York NY                                                          | CUSIP: 64966Q7K0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  12335000 | PA      | $12609468.55  | 0.30%             | 2027-10-01      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CBB3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5448768.50   | 0.13%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST         | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT/TX                                   | CUSIP: 796269P28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3651148.48   | 0.09%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING TX INDEP SCH DIST              | Spring Independent School District                                           | CUSIP: 850001BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3375660.00   | 0.08%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971W4P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9298167.30   | 0.22%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE        | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GVC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5854866.60   | 0.14%             | 2031-07-01      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP LEAS        | Maryland Economic Development Corp                                           | CUSIP: 57420PHJ8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   4630000 | PA      | $5207264.23   | 0.12%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV PERM UNIV         | Permanent University Fund - Texas A&M University System                      | CUSIP: 8821178B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13420000 | PA      | $14046377.16  | 0.33%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BLDG AUTH SALES TAX R        | Idaho State Building Authority                                               | CUSIP: 451446AV0<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6269948.85   | 0.15%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13062TH72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16195000 | PA      | $18348290.44  | 0.43%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE        | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GWA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4398047.54   | 0.10%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6803162.67   | 0.16%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TECH UNIV REVENUES           | Texas Tech University System                                                 | CUSIP: 882806JG8<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |  17185000 | PA      | $18864570.82  | 0.45%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                             | State of Hawaii                                                              | CUSIP: 419792K21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4360000 | PA      | $4539643.77   | 0.11%             | 2031-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST           | Fort Bend Independent School District                                        | CUSIP: 346843WT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5127633.00   | 0.12%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDEP SCH DIST             | Houston Independent School District                                          | CUSIP: 442403RE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2594414.50   | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                             | State of Hawaii                                                              | CUSIP: 419792J80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20679002.00  | 0.49%             | 2029-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 6461397B5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034825.50   | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REVENUE              | County of King WA Sewer Revenue                                              | CUSIP: 495290AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8490370.40   | 0.20%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                          | State of Wisconsin                                                           | CUSIP: 97705MS30<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   9410000 | PA      | $9591482.20   | 0.23%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S        | North Texas Municipal Water District Water System Revenue                    | CUSIP: 662903J20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10408561.95  | 0.25%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647MP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10870523.00  | 0.26%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL TX INDEP SCH DIST            | Rockwall Independent School District                                         | CUSIP: 774286FB9<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |   4155000 | PA      | $4551158.48   | 0.11%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLANO TX INDEP SCH DIST               | Plano Independent School District                                            | CUSIP: 727199E23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4315758.80   | 0.10%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST COPS                     | State of Minnesota                                                           | CUSIP: 604140WN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2916501.52   | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                              | State of Texas                                                               | CUSIP: 882724RC3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4814797.50   | 0.11%             | 2027-10-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX INDEP SCH DIST          | North East Independent School District/TX                                    | CUSIP: 659155QR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6085000 | PA      | $6744605.48   | 0.16%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP        | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16927641.00  | 0.40%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF COLORADO CO ENTERPRISE        | University of Colorado                                                       | CUSIP: 91417NHS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11330000 | PA      | $11562156.23  | 0.27%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLEIN TX INDEP SCH DIST               | Klein Independent School District                                            | CUSIP: 498531VA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5606075.00   | 0.13%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140EQ2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3863968.88   | 0.09%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT OF TRANSPRTN HI        | State of Kansas Department of Transportation                                 | CUSIP: 485424TM7<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2103901.20   | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CITY OK                      | City of Oklahoma City OK                                                     | CUSIP: 6785192L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8420000 | PA      | $9158136.77   | 0.22%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974E5S1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   7135000 | PA      | $7300261.58   | 0.17%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                           | State of Maryland                                                            | CUSIP: 574193VE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21427756.00  | 0.51%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                               | State of Ohio                                                                | CUSIP: 677523JG8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  11025000 | PA      | $12512308.88  | 0.30%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                      | Commonwealth of Massachusetts                                                | CUSIP: 57582RJY3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10188698.00  | 0.24%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT TX REGL WTR DIST WTR T        | Tarrant Regional Water District                                              | CUSIP: 876448HJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7730000 | PA      | $8569971.95   | 0.20%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BLDG AUTH SALES TAX R        | Idaho State Building Authority                                               | CUSIP: 451446AS7<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6164019.40   | 0.15%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSA5<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2776308.25   | 0.07%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647LM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10295000 | PA      | $11074477.69  | 0.26%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV REVENUES          | Texas A&M University                                                         | CUSIP: 88213ATP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2564790.23   | 0.06%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R        | Massachusetts Development Finance Agency                                     | CUSIP: 57585BGT9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   8575000 | PA      | $9587824.98   | 0.23%             | 2055-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY NC                   | County of Mecklenburg NC                                                     | CUSIP: 584002YK9<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |  11645000 | PA      | $11965886.13  | 0.28%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLLIN CNTY TX                        | County of Collin TX                                                          | CUSIP: 194740SR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6486545.28   | 0.15%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC                          | City of Charlotte NC                                                         | CUSIP: 161035MD9<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3044573.70   | 0.07%             | 2033-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063DQE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4415000 | PA      | $4433324.90   | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                      | District of Columbia                                                         | CUSIP: 25476FC89<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4452752.88   | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU        | Utility Debt Securitization Authority                                        | CUSIP: 91802REY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6946686.50   | 0.16%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3547594.38   | 0.08%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063ELQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7996585.50   | 0.19%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR WTR SYS REVENUE           | City of Portland OR Water System Revenue                                     | CUSIP: 736754SY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135405.60   | 0.05%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A        | City of Los Angeles Department of Airports                                   | CUSIP: 544445W62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2333875.05   | 0.06%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH REVEN        | Camden County Improvement Authority/The                                      | CUSIP: 13281NK27<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061052.90   | 0.03%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                       | County of Fairfax VA                                                         | CUSIP: 30382APF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14745000 | PA      | $15726590.87  | 0.37%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD                | County of Prince George's MD                                                 | CUSIP: 741702BT0<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   5910000 | PA      | $6055647.22   | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL         | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BN1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   5890000 | PA      | $6161529.59   | 0.15%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&        | Salt River Project Agricultural Improvement & Power District                 | CUSIP: 79574CFK4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   6810000 | PA      | $7006663.27   | 0.17%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEMOUNT MN INDEP SCH DIST #1        | Rosemount-Apple Valley-Eagan Independent School District No 196              | CUSIP: 777594ZE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7389909.72   | 0.17%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST         | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT/TX                                   | CUSIP: 796269N87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $5123122.58   | 0.12%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST WTR RESOURCE BRD R        | Oklahoma Water Resources Board                                               | CUSIP: 67919PWK5<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2640892.71   | 0.06%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA WTR & SWR AUT        | District of Columbia Water & Sewer Authority                                 | CUSIP: 254845TL4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059120.40   | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CITY OK WTR UTILITIES        | Oklahoma City Water Utilities Trust                                          | CUSIP: 67865EAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $5586394.52   | 0.13%             | 2029-07-01      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| GREGORY-PORTLAND TX INDEP SCHD        | Gregory-Portland Independent School District/TX                              | CUSIP: 397586TE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4555935.12   | 0.11%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2333791.82   | 0.06%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA        | Pennsylvania Higher Educational Facilities Authority                         | CUSIP: 70917TTB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5665894.50   | 0.13%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S        | North Texas Municipal Water District Water System Revenue                    | CUSIP: 662903H48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5589739.00   | 0.13%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEER PARK TX INDEP SCH DIST           | Deer Park Independent School District                                        | CUSIP: 2441273K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023910.50   | 0.12%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUDOUN CNTY VA                       | County of Loudoun VA                                                         | CUSIP: 54589TQK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9265000 | PA      | $9991339.87   | 0.24%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLEIN TX INDEP SCH DIST               | Klein Independent School District                                            | CUSIP: 498531UZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7560000 | PA      | $8502977.70   | 0.20%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BLDG AUTH SALES TAX R        | Idaho State Building Authority                                               | CUSIP: 451446AP3<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5352514.50   | 0.13%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE        | Texas State University System                                                | CUSIP: 88278PH80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $7251412.68   | 0.17%             | 2037-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONE STAR TX CLG SYS                  | Lone Star College System                                                     | CUSIP: 542264GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10118710.00  | 0.24%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5572837.00   | 0.13%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP LEAS        | Maryland Economic Development Corp                                           | CUSIP: 57420PHH2<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4820761.29   | 0.11%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSF4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   5360000 | PA      | $6082718.82   | 0.14%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV        | Empire State Development Corp                                                | CUSIP: 650035T99<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2138600.64   | 0.05%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SSM HEALTH CARE                       | SSM Health Care Corp                                                         | CUSIP: 784710AC9<br>LEI: 5493000QP6H63JFPC580 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20243788.00  | 0.48%             | 2028-06-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE        | Texas State University System                                                | CUSIP: 88278PG73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10170000 | PA      | $10788397.02  | 0.25%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORNEY TX INDEP SCH DIST              | Forney Independent School District                                           | CUSIP: 346425LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5239417.20   | 0.12%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV        | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477E77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3530000 | PA      | $3725712.03   | 0.09%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA UNIV REVENUES                 | Indiana University                                                           | CUSIP: 455168HH0<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |   5145000 | PA      | $5829396.13   | 0.14%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METRO OR                              | Metro/OR                                                                     | CUSIP: 59163PLY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16049028.00  | 0.38%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST            | Mesquite Independent School District                                         | CUSIP: 590760US1<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2811309.00   | 0.07%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067HB7<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   6665000 | PA      | $6925720.80   | 0.16%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2765344.75   | 0.07%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST            | Mesquite Independent School District                                         | CUSIP: 590760UR3<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2809791.50   | 0.07%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST UNIV                  | Pennsylvania State University/The                                            | CUSIP: 7092353Q6<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   9105000 | PA      | $10174120.03  | 0.24%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV REVENUES          | Texas A&M University                                                         | CUSIP: 88213ASM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3312506.40   | 0.08%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLEIN TX INDEP SCH DIST               | Klein Independent School District                                            | CUSIP: 498531UY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11247747.00  | 0.27%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV        | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052476T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5138767.00   | 0.12%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972H6Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11411977.00  | 0.27%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067KH0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  12210000 | PA      | $13077369.10  | 0.31%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST              | Conroe Independent School District                                           | CUSIP: 2084185G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13530405.20  | 0.32%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAPEVINE-COLLEYVILLE TX INDEP        | Grapevine-Colleyville Independent School District                            | CUSIP: 3886407J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6510000 | PA      | $7205670.32   | 0.17%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140CB7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4439656.68   | 0.10%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647NQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5450777.00   | 0.13%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMAL TX INDEP SCH DIST               | Comal Independent School District                                            | CUSIP: 1998207U9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17095000 | PA      | $18944598.65  | 0.45%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QSC1<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3369071.70   | 0.08%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR WTR SYS REVENUE           | City of Portland OR Water System Revenue                                     | CUSIP: 736754SX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2609164.50   | 0.06%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL TX INDEP SCH DIST            | Rockwall Independent School District                                         | CUSIP: 774286FE3<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3413799.65   | 0.08%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV PERM UNIV         | Permanent University Fund - Texas A&M University System                      | CUSIP: 8821178E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3987269.15   | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU        | Utility Debt Securitization Authority                                        | CUSIP: 91802RFA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10210000 | PA      | $11078365.61  | 0.26%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E        | State of Florida                                                             | CUSIP: 34153QYE0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8986193.92   | 0.21%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH                | Maine Turnpike Authority                                                     | CUSIP: 560551SD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125264.10   | 0.03%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140FT5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $13493122.80  | 0.32%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REVENUE        | Kansas Development Finance Authority                                         | CUSIP: 48542RA46<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |  13325000 | PA      | $14934158.98  | 0.35%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                           | City of New York NY                                                          | CUSIP: 64966ML23<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   8890000 | PA      | $8820307.73   | 0.21%             | 2026-12-01      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| GRAPEVINE-COLLEYVILLE TX INDEP        | Grapevine-Colleyville Independent School District                            | CUSIP: 3886407H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10880000 | PA      | $11877253.18  | 0.28%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DZJ4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5260000 | PA      | $5973968.73   | 0.14%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 915130BD9<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   7275000 | PA      | $8191671.10   | 0.19%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV        | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182QM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6175000 | PA      | $6470668.26   | 0.15%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3G1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15575875.50  | 0.37%             | 2030-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ                            | City of Phoenix AZ                                                           | CUSIP: 7188142C9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2014890.67   | 0.05%             | 2028-07-01      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2564076.25   | 0.06%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X6N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10218638.00  | 0.24%             | 2032-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140FD0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3718567.08   | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV        | Colorado Health Facilities Authority                                         | CUSIP: 19648FYD0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3713893.40   | 0.09%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 6461396M2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2580906.75   | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                      | Commonwealth of Massachusetts                                                | CUSIP: 57582RU53<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11270579.00  | 0.27%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SALES         | Idaho Housing & Finance Association                                          | CUSIP: 45130ABV6<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001721.60   | 0.05%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&        | Salt River Project Agricultural Improvement & Power District                 | CUSIP: 79574CBY8<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4055647.49   | 0.10%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY        | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DXL8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4576260.36   | 0.11%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20774Y3C9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5293930.50   | 0.13%             | 2040-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST              | Conroe Independent School District                                           | CUSIP: 2084184J9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2201758.00   | 0.05%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R        | Massachusetts Development Finance Agency                                     | CUSIP: 57584YZL6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10559423.00  | 0.25%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                       | Commonwealth of Pennsylvania                                                 | CUSIP: 70914P3N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11919637.30  | 0.28%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX INDEP SCH DIST          | North East Independent School District/TX                                    | CUSIP: 659155QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3250285.20   | 0.08%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KATY TX INDEP SCH DIST                | Katy Independent School District                                             | CUSIP: 486063V64<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   6205000 | PA      | $6288908.35   | 0.15%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                           | City of New York NY                                                          | CUSIP: 64966QME7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   8360000 | PA      | $9260602.74   | 0.22%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                           | City of New York NY                                                          | CUSIP: 64966QN71<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.12%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2919305.45   | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST            | Mesquite Independent School District                                         | CUSIP: 590760UL6<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2679828.75   | 0.06%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR WTR SYS REVENUE           | City of Portland OR Water System Revenue                                     | CUSIP: 736754TB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2564047.59   | 0.06%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P        | Los Angeles Department of Water & Power Water System Revenue                 | CUSIP: 544525Q84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4397245.23   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                      | District of Columbia                                                         | CUSIP: 25476FC63<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   7440000 | PA      | $7629307.08   | 0.18%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL TX INDEP SCH DIST            | Rockwall Independent School District                                         | CUSIP: 774286FF0<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |   6230000 | PA      | $6866431.26   | 0.16%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE        | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10054516.00  | 0.24%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3367646.40   | 0.08%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST              | Conroe Independent School District                                           | CUSIP: 2084184F7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2076455.40   | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063EMH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7808996.25   | 0.18%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974ET71<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $22366994.00  | 0.53%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CNTY NC                      | County of Guilford NC                                                        | CUSIP: 401784W58<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17169489.00  | 0.41%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLEIN TX INDEP SCH DIST               | Klein Independent School District                                            | CUSIP: 498531UX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $12334169.10  | 0.29%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140DT7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4952902.90   | 0.12%             | 2030-01-01      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR WTR SYS REVENUE           | City of Portland OR Water System Revenue                                     | CUSIP: 736754SW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2546207.75   | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST GEN FUND ANNUAL A        | State of Wisconsin                                                           | CUSIP: 977100GS9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10437639.00  | 0.25%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                       | County of Fairfax VA                                                         | CUSIP: 30382APG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5795000 | PA      | $6082677.13   | 0.14%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAPEVINE-COLLEYVILLE TX INDEP        | Grapevine-Colleyville Independent School District                            | CUSIP: 3886407F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1698586.20   | 0.04%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP        | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137VX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16010000 | PA      | $16391119.65  | 0.39%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DZT2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $14029848.75  | 0.33%             | 2064-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST            | Mesquite Independent School District                                         | CUSIP: 590760UM4<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3010875.45   | 0.07%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                           | State of Delaware                                                            | CUSIP: 246381TX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3620000 | PA      | $3704844.11   | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL         | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BX9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  12020000 | PA      | $12177427.14  | 0.29%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCOTTSDALE AZ MUNI PROPERTY CO        | Scottsdale Municipal Property Corp                                           | CUSIP: 810489XA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7770348.60   | 0.18%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV        | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477E51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $378475.49    | 0.01%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 915130AE8<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10458694.00  | 0.25%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH            | Colorado Housing and Finance Authority                                       | CUSIP: 19648GRY0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2940863.85   | 0.07%             | 2033-05-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| SCOTTSDALE AZ MUNI PROPERTY CO        | Scottsdale Municipal Property Corp                                           | CUSIP: 810489XB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9327335.60   | 0.22%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU        | Idaho Health Facilities Authority                                            | CUSIP: 451295F79<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5477378.50   | 0.13%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST         | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT/TX                                   | CUSIP: 796269P36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2810249.75   | 0.07%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN        | Massachusetts Bay Transportation Authority Sales Tax Revenue                 | CUSIP: 575579Y50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $3125449.76   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                          | State of Wisconsin                                                           | CUSIP: 97705MT54<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11041948.00  | 0.26%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH            | Colorado Housing and Finance Authority                                       | CUSIP: 19648GRS3<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1299145.17   | 0.03%             | 2030-05-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO        | New York State Dormitory Authority                                           | CUSIP: 64990EW52<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004858.40   | 0.05%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH                | Maine Turnpike Authority                                                     | CUSIP: 560551SF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128635.80   | 0.03%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                     | County of Baltimore MD                                                       | CUSIP: 05914GEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5685000 | PA      | $6171211.33   | 0.15%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                           | State of Maryland                                                            | CUSIP: 574193WS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12875000 | PA      | $13945621.91  | 0.33%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST         | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT/TX                                   | CUSIP: 796269P44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3580096.32   | 0.08%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST RESOURCES AUTH CLE        | Virginia Resources Authority Clean Water Revolving Fund                      | CUSIP: 92817LST1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8750268.05   | 0.21%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 915130AJ7<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2096035.20   | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                      | District of Columbia                                                         | CUSIP: 25476FC97<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5470620.00   | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J PAUL GETTY TRUST                    | J Paul Getty Trust/The                                                       | CUSIP: 374288AC2<br>LEI: 72TDDU3K225INPK3EI14 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5026376.50   | 0.12%             | 2035-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CYPRESS-FAIRBANKS TX INDEP SCH        | Cypress-Fairbanks Independent School District                                | CUSIP: 232769PV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4484350.50   | 0.11%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE             | Texas Water Development Board                                                | CUSIP: 88285AHL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5309835.50   | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI        | Permanent University Fund - University of Texas System                       | CUSIP: 9151158P7<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   4425000 | PA      | $4945307.43   | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV        | Empire State Development Corp                                                | CUSIP: 650036FD3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11063442.00  | 0.26%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                     | County of Baltimore MD                                                       | CUSIP: 05914GFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9775000 | PA      | $9907624.27   | 0.23%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE        | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576LM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2704121.75   | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20774Y7H4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11521860.90  | 0.27%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE        | Texas State University System                                                | CUSIP: 88278PG81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4323578.00   | 0.10%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA                   | County of Santa Clara CA                                                     | CUSIP: 801546SN3<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10064507.00  | 0.24%             | 2029-08-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CAZ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3551267.30   | 0.08%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE        | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3002949.85   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY DEDICATE        | Metropolitan Transportation Authority Dedicated Tax Fund                     | CUSIP: 59259N2L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2107417.71   | 0.05%             | 2031-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514AMU6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  17250000 | PA      | $18523251.83  | 0.44%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD CNTY CT MET DIST             | Metropolitan District/The                                                    | CUSIP: 416489TY8<br>LEI: 549300CEZQKAR15IFS62 | Long             | DBT              | MUN               | US        |   5860000 | PA      | $5895962.82   | 0.14%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758S53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20960352.00  | 0.50%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV        | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182RY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2347972.64   | 0.06%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15465955.50  | 0.37%             | 2029-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL         | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14339889.20  | 0.34%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SALES         | Idaho Housing & Finance Association                                          | CUSIP: 45130ACF0<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $4043144.16   | 0.10%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE          | Illinois Finance Authority                                                   | CUSIP: 45204FC52<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   9130000 | PA      | $9690107.24   | 0.23%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                               | State of Ohio                                                                | CUSIP: 677523LH3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   8080000 | PA      | $9126616.94   | 0.22%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL         | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BR2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7154626.70   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC                          | City of Charlotte NC                                                         | CUSIP: 161035MU1<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   3295000 | PA      | $3537671.15   | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                        | State of Connecticut                                                         | CUSIP: 20772KHM4<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   9345000 | PA      | $9450776.99   | 0.22%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH REVEN        | Camden County Improvement Authority/The                                      | CUSIP: 13281NJ94<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036527.60   | 0.02%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CEK0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9973943.10   | 0.24%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647EB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5017272.00   | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TECH UNIV REVENUES           | Texas Tech University System                                                 | CUSIP: 882806JJ2<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16786282.50  | 0.40%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI               | City & County of Honolulu HI                                                 | CUSIP: 438687S63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3535840.02   | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                  | CUSIP: 646067HF8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11024918.00  | 0.26%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST WTR RESOURCES        | Massachusetts Water Resources Authority                                      | CUSIP: 576051L46<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $6317885.07   | 0.15%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE        | South Carolina Jobs-Economic Development Authority                           | CUSIP: 837032BM2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   6475000 | PA      | $7129078.60   | 0.17%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES        | University of California                                                     | CUSIP: 91412HNC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11362282.00  | 0.27%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                           | City of New York NY                                                          | CUSIP: 64966QX21<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  19825000 | PA      | $19990570.47  | 0.47%             | 2028-04-01      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA WTR & SWR AUT        | District of Columbia Water & Sewer Authority                                 | CUSIP: 254845TU4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2914948.08   | 0.07%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                           | City of New York NY                                                          | CUSIP: 64966Q7H7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5006807.50   | 0.12%             | 2025-10-01      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                           | State of Delaware                                                            | CUSIP: 246381PA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7705000 | PA      | $8130397.67   | 0.19%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E        | State of Florida                                                             | CUSIP: 34153QYG5<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10711037.00  | 0.25%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST         | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT/TX                                   | CUSIP: 796269N53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2674042.00   | 0.06%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE        | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GSF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3687157.60   | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP        | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137RE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6545000 | PA      | $7085209.25   | 0.17%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU        | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829LD6<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025833.40   | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENEWABLE WTR RESOURCES SC SWR        | Renewable Water Resources                                                    | CUSIP: 75972ECS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3830000 | PA      | $4345184.41   | 0.10%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                         | State of Washington                                                          | CUSIP: 93974EH66<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  24710000 | PA      | $25541056.60  | 0.60%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH                           | City of Columbus OH                                                          | CUSIP: 1994926V6<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052858.20   | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE        | Texas State University System                                                | CUSIP: 88278PH49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8415453.00   | 0.20%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRAVIS CNTY TX                        | County of Travis TX                                                          | CUSIP: 89454ABW0<br>LEI: 549300HEC6MNL5465K30 | Long             | DBT              | MUN               | US        |  14970000 | PA      | $16455958.13  | 0.39%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DRIPPING SPRINGS TX INDEP SCHD        | Dripping Springs Independent School District/TX                              | CUSIP: 262061UP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2802695.75   | 0.07%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC        | Health & Educational Facilities Authority of the State of Missouri           | CUSIP: 60637AVY5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  10245000 | PA      | $11395947.89  | 0.27%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                         | State of California                                                          | CUSIP: 13063DYT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8853854.00   | 0.21%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU        | New Jersey Turnpike Authority                                                | CUSIP: 646140DQ3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8634799.80   | 0.20%             | 2027-01-01      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QRH1<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   3690000 | PA      | $4194382.04   | 0.10%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE          | Ohio Water Development Authority                                             | CUSIP: 67765QRV0<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10596549.00  | 0.25%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT TX REGL WTR DIST WTR R        | Tarrant Regional Water District Water Supply System Revenue                  | CUSIP: 876443VM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18500000 | PA      | $20583795.60  | 0.49%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OSSEO MN INDEP SCH DIST #279          | Osseo Independent School District No 279                                     | CUSIP: 688443Z45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5062582.00   | 0.12%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES        | Board of Regents of the University of Texas System                           | CUSIP: 91514AMT9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13648034.40  | 0.32%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP LEAS        | Maryland Economic Development Corp                                           | CUSIP: 57420PHK5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   4860000 | PA      | $5474572.76   | 0.13%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** Old Westbury Funds Inc

**Signature:** Matthew A. Rizzi

**Name of Signer:** Matthew A. Rizzi

**Title:** Vice President & Treasurer (Principal Financial Officer)