# EDGAR Filing Document

**Accession Number:** 0000844790
**File Stem:** 0002071691-26-014444
**Filing Date:** 2026-6
**Character Count:** 197751
**Document Hash:** b63656c41f1079e43e1a8944b8317e19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-014444.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0002071691-26-014444

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM MANAGED MUNICIPAL INCOME TRUST
- **CENTRAL INDEX KEY:** 0000844790

**ORGANIZATION NAME:**
- **EIN:** 046608976
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05740
- **FILM NUMBER:** 261113792

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Managed Municipal Income Trust

- **b. Investment Company Act file number:** 811-05740

- **c. CIK number of Registrant:** 0000844790

- **d. LEI of Registrant:** 549300MCDIUT86HMWI73

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

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

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

- **a. Name of Series:** Putnam Managed Municipal Income Trust

- **c. LEI of Series:** 549300MCDIUT86HMWI73

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $308969256.76

**Total Liabilities:** $22017295.12

**Net Assets:** $286951961.64

**Delayed Delivery Securities:** $2379988.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -313.83000000 | **5-Year:** 2560.32000000 | **10-Year:** -55258.66000000 | **30-Year:** -102081.04000000

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

- **3-Month:** 0.00000000 | **1-Year:** -294.58000000 | **5-Year:** -2008.50000000 | **10-Year:** -41768.44000000 | **30-Year:** -101228.53000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.79%                | -3.41%               | 2.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $286835.17               | $6496833.82                                |
| Month 2  | $124397.85               | $-11289168.94                              |
| Month 3  | $362730.04               | $4559168.78                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alaska Industrial Development & Export Authority                                 | Alaska Industrial Development & Export Authority                                                         | CUSIP: 011903GK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $4814735.06   | 1.68%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Angeline Community Development District                                          | Angeline Community Development District, Series 2025                                                     | CUSIP: 03473TAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300386.67    | 0.10%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                  | City of Anna, Series 2025                                                                                | CUSIP: 035713BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $230695.45    | 0.08%             | 2055-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                  | City of Anna, Series 2025                                                                                | CUSIP: 035713BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101052.95    | 0.04%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Aransas Pass TX                                                          | City of Aransas Pass, Series 2026                                                                        | CUSIP: 038636AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99681.50     | 0.03%             | 2056-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                  | CUSIP: 04052BMS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $439218.80    | 0.15%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2021 A                                                  | CUSIP: 041806L65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $533186.42    | 0.19%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2022                                                    | CUSIP: 041807CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1088089.53   | 0.38%             | 2062-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                                    | CUSIP: 041807JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1077993.24   | 0.38%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                              | Atlanta Development Authority (The), Series 2025 A                                                       | CUSIP: 04777LDW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117742.16    | 0.04%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                    | Aurora Crossroads Metropolitan District No. 2, Series 2025 A-1                                           | CUSIP: 05162QAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467903.95    | 0.16%             | 2055-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                                | City of Austin, Series 2024                                                                              | CUSIP: 052466BC2<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    555000 | PA      | $557481.29    | 0.19%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                                | City of Austin, Series 2024                                                                              | CUSIP: 052466BD0<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    750000 | PA      | $739210.80    | 0.26%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                  | Baldwin County Industrial Development Authority, Series 2025 A                                           | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511120.80    | 0.18%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Baytown MN                                                           | Township of Baytown, Series 2016 A                                                                       | CUSIP: 073225AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $338294.81    | 0.12%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Beaumont Housing Authority                                                       | Beaumont Housing Authority, Series 2025 A                                                                | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $570351.64    | 0.20%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bella Tara Community Development District                                        | Bella Tara Community Development District, Series 2025                                                   | CUSIP: 07820BAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102773.00    | 0.04%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| County of Berkeley SC                                                            | County of Berkeley, Series 2019                                                                          | CUSIP: 084220AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $884515.50    | 0.31%             | 2049-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | Black Desert Public Infrastructure District, Series 2024                                                 | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1322893.52   | 0.46%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Town of Bridgeville DE                                                           | Town of Bridgeville, Series 2024                                                                         | CUSIP: 108588AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $880198.38    | 0.31%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Brunswick MD                                                             | City of Brunswick, Series 2019                                                                           | CUSIP: 117250AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    548000 | PA      | $557182.51    | 0.19%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Class 1                                 | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $924271.40    | 0.32%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency I                                                    | CMFA Special Finance Agency I, Series 2021 A-2                                                           | CUSIP: 12574TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1928090.75   | 0.67%             | 2056-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                  | CMFA Special Finance Agency VII, Series 2021 A-1                                                         | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $345341.60    | 0.12%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 A-1                                                   | CUSIP: 126292AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $775650.87    | 0.27%             | 2041-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 A-2                                                   | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7150000 | PA      | $5292768.20   | 1.84%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 A-2                                                   | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1732140.00   | 0.60%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 B                                                     | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $378369.25    | 0.13%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 A-2                                                   | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $841502.48    | 0.29%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2021 A-1                                                     | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $395478.26    | 0.14%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank, Series 2021 B                                     | CUSIP: 13034AR28<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4145000 | PA      | $355472.71    | 0.12%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2024, Class I                                             | CUSIP: 13048VQ27<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $837471.76    | 0.29%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2024                                                      | CUSIP: 130497AX8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $835950.08    | 0.29%             | 2054-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2021                                                      | CUSIP: 13049YFR7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $1736977.13   | 0.61%             | 2054-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2025-1, Class A-2                                         | CUSIP: 13050WAB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2127871 | PA      | $1842194.14   | 0.64%             | 2041-02-20      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2025-1, Class B                                           | CUSIP: 13050WAC5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $313736.25    | 0.11%             | 2049-06-20      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | California Public Finance Authority, Series 2021 A                                                       | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $660488.18    | 0.23%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | California School Finance Authority, Series 2021 A                                                       | CUSIP: 13058TPF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $372687.50    | 0.13%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canyons Metropolitan District No. 5                                              | Canyons Metropolitan District No. 5, Series 2024 B                                                       | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300554.67    | 0.10%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2020 A-1                                                              | CUSIP: 14052WDJ3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    740000 | PA      | $726087.85    | 0.25%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021 A-1                                                              | CUSIP: 14052WDT1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1613012.98   | 0.56%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | Capital Trust Authority, Series 2025 A                                                                   | CUSIP: 14054WBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $158055.84    | 0.06%             | 2065-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | Capital Trust Authority, Series 2025 A                                                                   | CUSIP: 14054WCH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $837035.76    | 0.29%             | 2050-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | Capital Trust Authority, Series 2025                                                                     | CUSIP: 14054WDC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $422112.21    | 0.15%             | 2060-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Cedar Crossings Community Development District                                   | Cedar Crossings Community Development District, Series 2025                                              | CUSIP: 15018WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $155496.21    | 0.05%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | City of Celina, Series 2025                                                                              | CUSIP: 15114CKU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150058.13    | 0.05%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Center Lake Ranch West Community Development District                            | Center Lake Ranch West Community Development District, Series 2025                                       | CUSIP: 151500AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299165.94    | 0.10%             | 2055-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Central Parc Community Development District                                      | Central Parc Community Development District, Series 2024                                                 | CUSIP: 15477DAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754821.53    | 0.26%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority                                | Charlotte County Industrial Development Authority, Series 2021 A                                         | CUSIP: 16080TAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937611.30    | 0.33%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cherry Hill Community Development Authority                                      | Cherry Hill Community Development Authority, Series 2015                                                 | CUSIP: 164631AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $995867.24    | 0.35%             | 2045-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | Chester County Industrial Development Authority, Series 2017 A                                           | CUSIP: 165588DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $730055.55    | 0.25%             | 2037-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | Chester County Industrial Development Authority, Series 2013 A                                           | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959495.30    | 0.33%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2019 A                                                                           | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    305000 | PA      | $305512.10    | 0.11%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2020 A                                                                           | CUSIP: 167486G45<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1864157.58   | 0.65%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 B                                                                           | CUSIP: 167486U49<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2747000 | PA      | $2682051.31   | 0.93%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2025 B                                                                | CUSIP: 167505A30<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494766.15    | 0.17%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2015 C                                                                | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1489225.65   | 0.52%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2023 A                                                                | CUSIP: 167505ZF6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1713695.88   | 0.60%             | 2047-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2025 A                                                                | CUSIP: 167505ZM1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    850000 | PA      | $844451.12    | 0.29%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | Chicago Midway International Airport, Series 2023 C                                                      | CUSIP: 167562TL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1322958.88   | 0.46%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport                                                                     | CUSIP: 167591AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3646717.55   | 1.27%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Lakeshore East Special Assessment Area                        | City of Chicago, Series 2022                                                                             | CUSIP: 167686AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    241000 | PA      | $235932.47    | 0.08%             | 2028-12-01      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Lakeshore East Special Assessment Area                        | City of Chicago, Series 2022                                                                             | CUSIP: 167686AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    341000 | PA      | $328809.69    | 0.11%             | 2031-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | County of Clark, Series 2015                                                                             | CUSIP: 181003MW1<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    360000 | PA      | $360269.42    | 0.13%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2022 A                                                    | CUSIP: 187145PG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1020211.56   | 0.36%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                       | Development Authority of Cobb County (The), Series C                                                     | CUSIP: 190778JU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $685726.17    | 0.24%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                       | Development Authority of Cobb County (The), Series C                                                     | CUSIP: 190778JV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $740268.10    | 0.26%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                 | CUSIP: 190813SB2<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1436599.42   | 0.50%             | 2045-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | Colorado Educational & Cultural Facilities Authority, Series 2021                                        | CUSIP: 19645UGE8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146505.39    | 0.05%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | Colorado Educational & Cultural Facilities Authority, Series 2021                                        | CUSIP: 19645UGF5<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    175000 | PA      | $159606.77    | 0.06%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | Colorado Educational & Cultural Facilities Authority, Series 2021                                        | CUSIP: 19645UGG3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    350000 | PA      | $284617.13    | 0.10%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2016                                                        | CUSIP: 19648FAY0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500790.65    | 0.17%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2016                                                        | CUSIP: 19648FAZ7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251976.63   | 0.44%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2025                                                        | CUSIP: 19648FZP2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352070.46    | 0.12%             | 2059-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Connerton East Community Development District                                    | Connerton East Community Development District, Series 2025                                               | CUSIP: 208185AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $159732.18    | 0.06%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Coweta County Development Authority                                              | Coweta County Development Authority, Series 2019 A                                                       | CUSIP: 223658QF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4109396.00   | 1.43%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | Cumberland County Municipal Authority, Series 2019                                                       | CUSIP: 230614PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $488181.50    | 0.17%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Curiosity Creek Community Development District                                   | Curiosity Creek Community Development District, Series 2025                                              | CUSIP: 23128SAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $159168.21    | 0.06%             | 2056-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Cypress Bluff Community Development District                                     | Cypress Bluff Community Development District, Series 2025                                                | CUSIP: 23267AAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $656275.03    | 0.23%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Cypress Creek Reserve Community Development District                             | Cypress Creek Reserve Community Development District, Series 2025                                        | CUSIP: 23274FAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $107656.05    | 0.04%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cypress Reserve Community Development District                                   | Cypress Reserve Community Development District, Series 2025                                              | CUSIP: 23280AAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200112.52    | 0.07%             | 2056-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority                                                  | Dallas Area Municipal Authority, Series 2019                                                             | CUSIP: 235171AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $1850590.69   | 0.64%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Series 2020 A                                                                 | CUSIP: 235241UX2<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7289493.40   | 2.54%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dayton TX                                                                | City of Dayton, Series 2025                                                                              | CUSIP: 240094AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $348265.33    | 0.12%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                              | DeKalb County Development Authority, Series 2024 A                                                       | CUSIP: 240463KE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $468979.29    | 0.16%             | 2063-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Del Webb Oak Creek Community Development District                                | Del Webb Oak Creek Community Development District, Series 2025                                           | CUSIP: 245509AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250646.60    | 0.09%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | Delaware State Economic Development Authority, Series 2016 A                                             | CUSIP: 246387RV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $705125.84    | 0.25%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | Delaware State Economic Development Authority, Series 2016 A                                             | CUSIP: 246387RX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $925113.64    | 0.32%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2025                                                                            | CUSIP: 24880GAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129333.91    | 0.05%             | 2045-12-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2025                                                                            | CUSIP: 24880GAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258200.40    | 0.09%             | 2055-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | City of Detroit, Series B-1                                                                              | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   3931271 | PA      | $3145532.19   | 1.10%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2023 A                                                                      | CUSIP: 25476FA40<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6675000 | PA      | $7106572.13   | 2.48%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2022 A                                                                      | CUSIP: 25483VA38<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1300340.89   | 0.45%             | 2035-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2022 A                                                                      | CUSIP: 25483VA53<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1568134.39   | 0.55%             | 2036-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2017 A                                                                      | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917831.30    | 0.32%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2019                                                                        | CUSIP: 25483VVN1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407245.40    | 0.14%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2019                                                                        | CUSIP: 25483VWC4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    750000 | PA      | $675355.05    | 0.24%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2020                                                                        | CUSIP: 25483VXV1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2256901.00   | 0.79%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2021 A                                                                      | CUSIP: 25483VYC2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    400000 | PA      | $327178.00    | 0.11%             | 2061-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2006 A                                                                      | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $1785895.50   | 0.62%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Downtown Daybreak Public Infrastructure District No. 1                           | Downtown Daybreak Public Infrastructure District No. 1, Series 2026                                      | CUSIP: 26114MAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $661133.72    | 0.23%             | 2046-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Dripping Springs TX                                                      | City of Dripping Springs, Series 2025                                                                    | CUSIP: 262062AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299995.83    | 0.10%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Du Page County Special Service Area No. 31                                       | Du Page County Special Service Area No. 31, Series 2006                                                  | CUSIP: 26350TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    233000 | PA      | $233209.47    | 0.08%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EA McKinnon Groves Community Development District                                | EA McKinnon Groves Community Development District, Series 2025                                           | CUSIP: 26832JAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $362955.39    | 0.13%             | 2056-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Eagan MN                                                                 | City of Eagan, Series 2025 A                                                                             | CUSIP: 26940AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299024.01    | 0.10%             | 2065-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                 | East Nassau Stewardship District, Series 2025                                                            | CUSIP: 273794AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $437896.92    | 0.15%             | 2056-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Ennis TX                                                                 | City of Ennis, Series 2025                                                                               | CUSIP: 293470AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $322434.81    | 0.11%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Esplanade at Wellen Park Community Development District                          | Esplanade at Wellen Park Community Development District, Series 2026                                     | CUSIP: 29667QAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $114799.46    | 0.04%             | 2056-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Feed Mill Community Development District                                         | Feed Mill Community Development District, Series 2025                                                    | CUSIP: 31434PAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275814.85    | 0.10%             | 2056-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Firethorn Community Development District                                         | Firethorn Community Development District, Series 2025                                                    | CUSIP: 31832AAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $271522.71    | 0.09%             | 2055-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2022 A                                                         | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1415096.40   | 0.49%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2021 A                                                         | CUSIP: 34061UHZ4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $414355.80    | 0.14%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2021                                                           | CUSIP: 34061WAY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    700000 | PA      | $647388.42    | 0.23%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | Florida Higher Educational Facilities Financing Authority, Series 2019                                   | CUSIP: 34073TLN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1076774.52   | 0.38%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | Florida Higher Educational Facilities Financing Authority, Series 2024                                   | CUSIP: 34073TPN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $868035.60    | 0.30%             | 2054-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Loan Council                                                   | Florida Municipal Loan Council, Series 2024                                                              | CUSIP: 34281UAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $669802.77    | 0.23%             | 2044-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Loan Council                                                   | Florida Municipal Loan Council, Series 2024                                                              | CUSIP: 34281UAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $830427.68    | 0.29%             | 2054-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fox Branch Ranch Community Development District                                  | Fox Branch Ranch Community Development District, Series 2025                                             | CUSIP: 351322AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $206688.11    | 0.07%             | 2055-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                           | County of Frederick, Series 2019                                                                         | CUSIP: 355612AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1336463.71   | 0.47%             | 2039-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                           | County of Frederick, Series 2017 A                                                                       | CUSIP: 355697CF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481599.30    | 0.17%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | Gainesville & Hall County Hospital Authority, Series 2021 A                                              | CUSIP: 362762QQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1428789.20   | 0.50%             | 2051-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gas Worx Community Development District                                          | Gas Worx Community Development District, Series 2025                                                     | CUSIP: 367200AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103485.71    | 0.04%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Gas Worx Community Development District                                          | Gas Worx Community Development District, Series 2025                                                     | CUSIP: 367200AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106960.84    | 0.04%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GIR East Community Development District                                          | GIR East Community Development District, Series 2025                                                     | CUSIP: 37611TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301948.05    | 0.11%             | 2045-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Golden State Connect Authority                                                   | Golden State Connect Authority, Series 2025                                                              | CUSIP: 38121BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $516290.25    | 0.18%             | 2060-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Goose Creek SC                                                           | City of Goose Creek, Series 2025                                                                         | CUSIP: 38259TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175467.90    | 0.06%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Governors Park South Community Development District                              | Governors Park South Community Development District, Series 2025                                         | CUSIP: 383670AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $365121.34    | 0.13%             | 2055-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp.                                          | Grand Rapids Economic Development Corp., Series 2025 A                                                   | CUSIP: 386246HK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625569.38    | 0.22%             | 2060-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                               | Grays Harbor County Public Hospital District No. 1, Series 2023                                          | CUSIP: 389526AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3267737.70   | 1.14%             | 2053-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| City of Ham Lake MN                                                              | City of Ham Lake, Series 2016 A                                                                          | CUSIP: 406511AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $416647.05    | 0.15%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harbor Point Infrastructure Improvement District                                 | Harbor Point Infrastructure Improvement District, Series 2017                                            | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3529474.90   | 1.23%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                        | Harris County Cultural Education Facilities Finance Corp., Series 2013 A                                 | CUSIP: 414009FA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953934.00    | 0.33%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                        | Harris County Cultural Education Facilities Finance Corp., Series 2016                                   | CUSIP: 414009LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60200.95     | 0.02%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harvest Hills South Community Development District                               | Harvest Hills South Community Development District, Series 2025                                          | CUSIP: 41757NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $123203.60    | 0.04%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Highland Trails Community Development District                                   | Highland Trails Community Development District, Series 2025                                              | CUSIP: 430813AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99269.81     | 0.03%             | 2056-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Hills of Minneola Community Development District                                 | Hills of Minneola Community Development District, Series 2026                                            | CUSIP: 431688AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180106.22    | 0.06%             | 2056-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Hobe-St. Lucie Conservancy District                                              | Hobe-St. Lucie Conservancy District, Series 2024                                                         | CUSIP: 434043AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510075.20    | 0.18%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                | City of Horace, Series 2024 C                                                                            | CUSIP: 440365JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1108542.05   | 0.39%             | 2044-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston Airport System, Series 2021 A                                                            | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1159642.75   | 0.40%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hunt Club Grove Community Development District                                   | Hunt Club Grove Community Development District, Series 2026                                              | CUSIP: 445583AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175826.95    | 0.06%             | 2055-12-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                 | City of Hutto, Series 2025                                                                               | CUSIP: 448529AW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $392255.14    | 0.14%             | 2045-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                 | City of Hutto, Series 2026                                                                               | CUSIP: 448529AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197481.66    | 0.07%             | 2056-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Hyde Park Community Development District No. 1                                   | Hyde Park Community Development District No. 1, Series 2026                                              | CUSIP: 448642AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $264307.63    | 0.09%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2017 A                                                                | CUSIP: 45203KAN5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1203776.40   | 0.42%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2017 A                                                                | CUSIP: 45203KAP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1414293.60   | 0.49%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                | CUSIP: 45204FHT5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $392291.60    | 0.14%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                | CUSIP: 45204FHU2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877405.50    | 0.31%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                | CUSIP: 45204FHV0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    815000 | PA      | $699914.91    | 0.24%             | 2056-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                 | CUSIP: 45471FAG6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $481907.20    | 0.17%             | 2058-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2025                                                                      | CUSIP: 46247CER6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305289.51    | 0.11%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2023 B                                                                    | CUSIP: 46247SFF6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    600000 | PA      | $662827.62    | 0.23%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2024 A                                                                    | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1409906.10   | 0.49%             | 2059-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                 | James City County Economic Development Authority, Series 2021 A                                          | CUSIP: 47029WDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $810001.70    | 0.28%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                 | James City County Economic Development Authority, Series 2021 A                                          | CUSIP: 47029WED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $999767.82    | 0.35%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Justin TX                                                                | City of Justin, Series 2025                                                                              | CUSIP: 482184AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504079.85    | 0.18%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                        | Kalispel Tribe of Indians, Series 2018 A                                                                 | CUSIP: 48340PAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $760948.80    | 0.27%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | Kentucky Economic Development Finance Authority, Series 2016 A                                           | CUSIP: 49126PFG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $845822.60    | 0.29%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kings Creek I Community Development District                                     | Kings Creek I Community Development District, Series 2025                                                | CUSIP: 495879AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126993.04    | 0.04%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kissimmee Park Community Development District                                    | Kissimmee Park Community Development District, Series 2025                                               | CUSIP: 497859AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $380260.10    | 0.13%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                   | La Paz County Industrial Development Authority, Series 2018 A                                            | CUSIP: 50376FAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505826.30    | 0.18%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                   | La Paz County Industrial Development Authority, Series 2018 A                                            | CUSIP: 50376FAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2255015.24   | 0.79%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeside at Satilla Community Development District                               | Lakeside at Satilla Community Development District, Series 2025                                          | CUSIP: 51210AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100331.72    | 0.03%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2016                                                         | CUSIP: 51265KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $740035.67    | 0.26%             | 2046-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2019                                                         | CUSIP: 51265KCW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960805.40    | 0.33%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2020                                                         | CUSIP: 51265KEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $208326.50    | 0.07%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2023                                                         | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1203359.26   | 0.42%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2024                                                         | CUSIP: 51265KFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $605504.07    | 0.21%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Lancaster SC                                                           | County of Lancaster, Series 2025                                                                         | CUSIP: 514088BN2<br>LEI: 5493004EFQNI7UOCFI47 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123834.50    | 0.04%             | 2055-06-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | Lancaster Municipal Authority, Series 2024                                                               | CUSIP: 514350AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $888772.23    | 0.31%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 814                        | City of Las Vegas, Series 2019                                                                           | CUSIP: 51778UAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $394399.99    | 0.14%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 814                        | City of Las Vegas, Series 2019                                                                           | CUSIP: 51778UAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $534203.63    | 0.19%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 815                        | City of Las Vegas, Series 2020                                                                           | CUSIP: 51778VAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $585959.28    | 0.20%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 816                        | City of Las Vegas, Series 2021                                                                           | CUSIP: 51779AAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $514908.10    | 0.18%             | 2041-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 817                        | City of Las Vegas, Series 2023                                                                           | CUSIP: 51779BAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $401585.70    | 0.14%             | 2038-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 817                        | City of Las Vegas, Series 2023                                                                           | CUSIP: 51779BAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $528609.86    | 0.18%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 817                        | City of Las Vegas, Series 2023                                                                           | CUSIP: 51779BAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $370370.98    | 0.13%             | 2048-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 817                        | City of Las Vegas, Series 2023                                                                           | CUSIP: 51779BAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525410.55    | 0.18%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                 | City of Lavon, Series 2025                                                                               | CUSIP: 51946PCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110511.07    | 0.04%             | 2055-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | Lee County Industrial Development Authority, Series 2024 C                                               | CUSIP: 52349EEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484170.90    | 0.17%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority                                   | Lehigh County Industrial Development Authority, Series 2021 A                                            | CUSIP: 52481MAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $777594.00    | 0.27%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lockhart TX                                                              | City of Lockhart, Series 2026                                                                            | CUSIP: 539779AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115712.24    | 0.04%             | 2056-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024       | CUSIP: 54628C3A8<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1236272.44   | 0.43%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017 A                                                     | CUSIP: 546399NZ5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20404.86     | 0.01%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2024                                                       | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1542613.95   | 0.54%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2025                                                       | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141041.50    | 0.05%             | 2059-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Collegiate Charter School of Lowell                                              | Collegiate Charter School of Lowell, Series 2019                                                         | CUSIP: 547649AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000320.80   | 0.35%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Magnolia Green Community Development Authority                             | Lower Magnolia Green Community Development Authority, Series 2015                                        | CUSIP: 548207AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $430103.67    | 0.15%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LT Ranch South Community Development District                                    | LT Ranch South Community Development District, Series 2026                                               | CUSIP: 54912TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120609.79    | 0.04%             | 2056-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2023 E-1                                                           | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2347708.66   | 0.82%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                 | City of Manor, Series 2025                                                                               | CUSIP: 564099AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158044.80    | 0.06%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                 | City of Manor, Series 2025                                                                               | CUSIP: 564099AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128742.10    | 0.04%             | 2055-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Mansfield TX                                                             | City of Mansfield, Series 2025                                                                           | CUSIP: 56439QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $361636.14    | 0.13%             | 2055-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2016                                            | CUSIP: 56681NAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750643.50    | 0.26%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2024                                            | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1892608.20   | 0.66%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                              | Maryland Economic Development Corp., Series 2020                                                         | CUSIP: 57422FAE6<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    755000 | PA      | $694452.25    | 0.24%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                              | Maryland Economic Development Corp., Series 2020                                                         | CUSIP: 57422FAF3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    750000 | PA      | $624698.18    | 0.22%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2015 D                                                  | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    365000 | PA      | $365062.42    | 0.13%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2021                                                    | CUSIP: 57584YM97<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917134.40    | 0.32%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2007                                                    | CUSIP: 57585AAB6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    995000 | PA      | $9.95         | 0.00%             | 2028-10-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2024 A                                                  | CUSIP: 57585BBU1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950953.70    | 0.33%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2026 A                                                  | CUSIP: 57585BTC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088220.70   | 0.38%             | 2043-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No. 1                                       | Matagorda County Navigation District No. 1, Series 2005 A                                                | CUSIP: 576528CY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1299689.75   | 0.45%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Maxatawny Township Municipal Authority                                           | Maxatawny Township Municipal Authority, Series 2022 A                                                    | CUSIP: 57778PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1435991.06   | 0.50%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maxatawny Township Municipal Authority                                           | Maxatawny Township Municipal Authority, Series 2022 A                                                    | CUSIP: 57778PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1480307.61   | 0.52%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                              | County of Medina, Series 2026                                                                            | CUSIP: 584735AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    218000 | PA      | $218554.66    | 0.08%             | 2046-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| City of Mesquite TX                                                              | City of Mesquite, Series 2025                                                                            | CUSIP: 590771BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101135.64    | 0.04%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Metropica Community Development District                                         | Metropica Community Development District                                                                 | CUSIP: 59170TAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $219983.68    | 0.08%             | 2030-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2020 A | CUSIP: 592041YV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1378443.33   | 0.48%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                   | Metropolitan Nashville Airport Authority (The), Series 2022 B                                            | CUSIP: 592190QU9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099590.40   | 0.38%             | 2039-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | Metropolitan Pier & Exposition Authority, Series 2017 B                                                  | CUSIP: 592250CY8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1116096.75   | 0.39%             | 2047-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | Metropolitan Pier & Exposition Authority, Series 2022 A                                                  | CUSIP: 592250EY6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1803449.76   | 0.63%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                       | Metropolitan Washington Airports Authority                                                               | CUSIP: 592643DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $909380.18    | 0.32%             | 2053-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                               | Miami-Dade County Industrial Development Authority, Series 2014                                          | CUSIP: 59333ECQ4<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1225626.22   | 0.43%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Miami FL                                                                 | City of Miami, Series 2024 A                                                                             | CUSIP: 59338CAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5388644.00   | 1.88%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2017                                                                  | CUSIP: 594479DD6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    650000 | PA      | $599255.41    | 0.21%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2021                                                                  | CUSIP: 594479GQ4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $395111.05    | 0.14%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority, Series 2021 A                                              | CUSIP: 59465PBA5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $615832.20    | 0.21%             | 2059-10-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| MIDA Cormont Public Infrastructure District                                      | MIDA Cormont Public Infrastructure District, Series 2025 A-2                                             | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $435201.40    | 0.15%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDA Mountain Village Public Infrastructure District                             | MIDA Mountain Village Public Infrastructure District, Series 2020 A                                      | CUSIP: 59561TAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1012599.25   | 0.35%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDA Mountain Village Public Infrastructure District                             | MIDA Mountain Village Public Infrastructure District, Series 2021                                        | CUSIP: 59561TAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $976452.93    | 0.34%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDA Mountain Village Public Infrastructure District                             | MIDA Mountain Village Public Infrastructure District, Series 2024-2                                      | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514750.80    | 0.18%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                      | Military Installation Development Authority, Series 2021 A-2                                             | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $833373.70    | 0.29%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Millsboro DE                                                             | Town of Millsboro, Series 2018                                                                           | CUSIP: 601266AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $493267.32    | 0.17%             | 2038-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Town of Millsboro DE                                                             | Town of Millsboro, Series 2018                                                                           | CUSIP: 601266AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    997000 | PA      | $981980.89    | 0.34%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                | Minnesota Health & Education Facilities Authority, Series 2016 A                                         | CUSIP: 60416H2R4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $863861.13    | 0.30%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                        | CUSIP: 60636AWA7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    900000 | PA      | $853885.35    | 0.30%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                        | CUSIP: 60636AWD1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2111823.22   | 0.74%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2023 B                        | CUSIP: 60636AWS8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1752372.66   | 0.61%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2017 A                        | CUSIP: 60637AMM1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5094098.80   | 1.78%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon                         | Hospital Facilities Authority of Multnomah County Oregon, Series 2012                                    | CUSIP: 62551PCA3<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    210000 | PA      | $210099.41    | 0.07%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2025                                                    | CUSIP: 63607EAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $674700.44    | 0.24%             | 2065-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024-2, Class A                                         | CUSIP: 63607WAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215767 | PA      | $2106565.22   | 0.73%             | 2039-08-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024-3, Class A                                         | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    988647 | PA      | $966074.51    | 0.34%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority                                                                 | CUSIP: 63607WBW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $529509.30    | 0.18%             | 2041-07-20      | Fixed         | 9.47%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2018 A-1                                    | CUSIP: 64542YAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $866885.40    | 0.30%             | 2053-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2000 B                                                 | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500739.25    | 0.17%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                               | New York Counties Tobacco Trust VI, Series 2016 A-2B                                                     | CUSIP: 64945JAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2615439.30   | 0.91%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                               | New York Counties Tobacco Trust VI, Series 2016 A-2B                                                     | CUSIP: 64945JAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $586766.95    | 0.20%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2014, Class 2                                                 | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750494.33    | 0.26%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2021 A                                                        | CUSIP: 649519DV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1401691.72   | 0.49%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2021 A                                                        | CUSIP: 649519DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4215000 | PA      | $3087644.72   | 1.08%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2021 A                                                        | CUSIP: 649519EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2189368.80   | 0.76%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 1WTC 2021                                                     | CUSIP: 649519EN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1415137.69   | 0.49%             | 2044-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2020                                                   | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1283295.00   | 0.45%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2023                                                   | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059427.60   | 0.37%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2025                                                   | CUSIP: 650116JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4235020.80   | 1.48%             | 2055-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2025                                                   | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055156.40   | 0.37%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | North Carolina Medical Care Commission, Series 2020 A                                                    | CUSIP: 65820YRR9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $485551.20    | 0.17%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | North Carolina Medical Care Commission, Series 2021 C                                                    | CUSIP: 65821DYS4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2321834.19   | 0.81%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                                | Northeast Ohio Medical University, Series 2021 A                                                         | CUSIP: 66433RBD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1308424.95   | 0.46%             | 2040-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                                | Northeast Ohio Medical University, Series 2021 A                                                         | CUSIP: 66433RBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $402059.30    | 0.14%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northridge Community Development District                                        | Northridge Community Development District, Series 2025                                                   | CUSIP: 66668PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103485.71    | 0.04%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northridge Community Development District                                        | Northridge Community Development District, Series 2025                                                   | CUSIP: 66668PAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101667.49    | 0.04%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | Ohio Higher Educational Facility Commission, Series 2024                                                 | CUSIP: 67756DS72<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1551202.38   | 0.54%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa FL                                                            | County of Okaloosa, Series 2025                                                                          | CUSIP: 678226AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $389857.20    | 0.14%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                 | Oneida Indian Nation of New York, Series 2024 A                                                          | CUSIP: 682504AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008927.10   | 0.35%             | 2040-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | Orange County Health Facilities Authority                                                                | CUSIP: 68450LGQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2215347.97   | 0.77%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | County of Palm Beach, Series 2019 A                                                                      | CUSIP: 696547GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1611968.32   | 0.56%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | County of Palm Beach, Series 2021 A                                                                      | CUSIP: 696547HN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $551532.56    | 0.19%             | 2057-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Palm Desert CA                                                           | City of Palm Desert, Series 2021                                                                         | CUSIP: 696627ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $420926.90    | 0.15%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parkside Trails Community Development District                                   | Parkside Trails Community Development District, Series 2025                                              | CUSIP: 70147QAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $368655.98    | 0.13%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Pasadena Ridge Community Development District                                    | Pasadena Ridge Community Development District, Series 2025                                               | CUSIP: 702300AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492363.60    | 0.17%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                                       | Passaic County Improvement Authority (The), Series 2023                                                  | CUSIP: 70275QAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $454953.02    | 0.16%             | 2058-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2009 C                                     | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500541.75    | 0.17%             | 2037-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2022                                       | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054717.00   | 0.37%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2017                                           | CUSIP: 71781XGR8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41705.20     | 0.01%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2017                                           | CUSIP: 71781XGT4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    807977 | PA      | $161595.49    | 0.06%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)            | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2014 A                     | CUSIP: 71885FDK0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1701350.14   | 0.59%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)            | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2015 A                     | CUSIP: 71885FDN4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    900000 | PA      | $900154.35    | 0.31%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)            | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2016 A                     | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    250000 | PA      | $238749.43    | 0.08%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                           | City of Pilot Point, Series 2026                                                                         | CUSIP: 721614BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130058.94    | 0.05%             | 2056-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                           | City of Pilot Point, Series 2026                                                                         | CUSIP: 721614BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145072.02    | 0.05%             | 2056-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2022 A                              | CUSIP: 72178AAH5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586944.20   | 0.55%             | 2052-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pinellas County Industrial Development Authority                                 | Pinellas County Industrial Development Authority, Series 2019                                            | CUSIP: 72316VAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1708038.89   | 0.60%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plaza Metropolitan District No. 1                                                | Plaza Metropolitan District No. 1, Series 2013                                                           | CUSIP: 72818QAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1650723.53   | 0.58%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pontiac School District                                                          | Pontiac School District, Series 2020                                                                     | CUSIP: 732538HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3437329.61   | 1.20%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pontiac School District                                                          | Pontiac School District, Series 2020                                                                     | CUSIP: 732538HL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $3661587.58   | 1.28%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Arthur Housing Authority                                                    | Port Arthur Housing Authority, Series 2026 A-S-A                                                         | CUSIP: 733501AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293001.24    | 0.10%             | 2036-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York & New Jersey                                                                  | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2501828.86   | 0.87%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | Port of Greater Cincinnati Development Authority, Series 2021                                            | CUSIP: 734195BR0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1280791.38   | 0.45%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | County of Prince George's, Series 2018                                                                   | CUSIP: 74172RBP1<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006513.70   | 0.35%             | 2039-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | City of Princeton, Series 2025                                                                           | CUSIP: 742400DQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $271445.26    | 0.09%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | City of Princeton, Series 2025                                                                           | CUSIP: 742400DT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251338.20    | 0.09%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | City of Princeton, Series 2025                                                                           | CUSIP: 742400DW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251338.20    | 0.09%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024                                                                    | CUSIP: 744396KG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912621.40    | 0.32%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A-1                                                                | CUSIP: 74439YDX6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $416274.48    | 0.15%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2023 A                                                                  | CUSIP: 74439YEU1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955414.70    | 0.33%             | 2063-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 B                                                                  | CUSIP: 74439YFZ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410568.79    | 0.14%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | Kentucky Public Energy Authority, Series 2025 B                                                          | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2142611.31   | 0.75%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A-T                                                                | CUSIP: 74441XJK6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    650000 | PA      | $654269.92    | 0.23%             | 2060-12-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2019 A                                                                  | CUSIP: 74442EEH9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    910000 | PA      | $820079.99    | 0.29%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2015 A                                                                  | CUSIP: 74442PAY1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    945000 | PA      | $945847.38    | 0.33%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2020 A-1                                                                | CUSIP: 74442PPU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1459135.67   | 0.51%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2020                                                                    | CUSIP: 74442PZU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1092974.75   | 0.38%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2016 C                                                                  | CUSIP: 74443QAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $299986.14    | 0.10%             | 2030-11-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2017 A                                                                  | CUSIP: 74443UAZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    380000 | PA      | $382578.41    | 0.13%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2018                                                                    | CUSIP: 74444VAG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $760916.40    | 0.27%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2019                                                                    | CUSIP: 74445GAR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1084370.08   | 0.38%             | 2053-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                  | CUSIP: 74445QDW7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1530006.40   | 0.53%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 B                                                                  | CUSIP: 74447DAG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024152.70   | 0.36%             | 2062-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024-1, Class B-1                                                       | CUSIP: 74448FAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1477938.89   | 0.52%             | 2036-04-28      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2023-1, Class A                                                         | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2082473 | PA      | $2157664.80   | 0.75%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025                                                                    | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2312551.71   | 0.81%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025                                                                    | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511671.35    | 0.18%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | Commonwealth of Puerto Rico, Series 2022 A-1                                                             | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1920000 | PA      | $1918891.39   | 0.67%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | Commonwealth of Puerto Rico, Series 2022 A-1                                                             | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3388447 | PA      | $3175092.42   | 1.11%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | Puerto Rico Electric Power Authority, Series TT                                                          | CUSIP: 74526YDB8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1815000 | PA      | $1281843.75   | 0.45%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                          | Puerto Rico Sales Tax Financing Corp., Series A-1                                                        | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4700000 | PA      | $4495549.06   | 1.57%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Putnam Short Term Investment Fund                                                | Putnam Short Term Investment Fund, Class P                                                               | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |  11296546 | NS      | $11296546.45  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Raindance Metropolitan District No. 1 Non-Potable Water System Revenue           | Raindance Metropolitan District No. 1, Series 2020                                                       | CUSIP: 75087GAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $856077.86    | 0.30%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 5                                        | Rampart Range Metropolitan District No. 5, Series 2021                                                   | CUSIP: 75157WAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909141.80    | 0.32%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ramsey MN                                                                | City of Ramsey, Series 2022 A                                                                            | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |    575000 | PA      | $579436.18    | 0.20%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ranches at Lake Mcleod Community Development District                            | Ranches at Lake Mcleod Community Development District, Series 2025                                       | CUSIP: 752041AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252623.90    | 0.09%             | 2055-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| River Landing Community Development District                                     | River Landing Community Development District, Series 2025                                                | CUSIP: 76828JAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $236916.05    | 0.08%             | 2055-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Riverwalk Community Development District                                         | Riverwalk Community Development District, Series 2025 A                                                  | CUSIP: 76951PAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $259463.28    | 0.09%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| St. Johns County Industrial Development Authority                                | St. Johns County Industrial Development Authority, Series 2021 A                                         | CUSIP: 79041LAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $338084.11    | 0.12%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Johns County Industrial Development Authority                                | St. Johns County Industrial Development Authority, Series 2021 A                                         | CUSIP: 79041LAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $450185.75    | 0.16%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Paul Port Authority                                                          | St. Paul Port Authority, Series 2007-1                                                                   | CUSIP: 79304NFW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $905538.66    | 0.32%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                       | Salt Verde Financial Corp., Series 2007-1                                                                | CUSIP: 79575EAQ1<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134195.20   | 0.74%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Saltleaf Community Development District                                          | Saltleaf Community Development District, Series 2026                                                     | CUSIP: 79575MAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152562.66    | 0.05%             | 2057-05-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                           | San Antonio Education Facilities Corp., Series 2021 A                                                    | CUSIP: 796247DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1022644.26   | 0.36%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A              | CUSIP: 79766DWB1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81030.66     | 0.03%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A              | CUSIP: 79766DWE5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7420000 | PA      | $6692047.54   | 2.33%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No. 2020-1                | City & County of San Francisco, Series 2021 A                                                            | CUSIP: 79771HAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472972.65    | 0.16%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sarasota County Health Facilities Authority                                      | Sarasota County Health Facilities Authority, Series 2017 A                                               | CUSIP: 80329UAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002826.90   | 0.35%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sarasota County Public Hospital District                                         | Sarasota County Public Hospital District, Series 2018                                                    | CUSIP: 803301DK3<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1349973.00   | 0.47%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | Sierra Vista Industrial Development Authority, Series 2024                                               | CUSIP: 82652UAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $250888.62    | 0.09%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                     | Skagit County Public Hospital District No. 1, Series 2024                                                | CUSIP: 830227EP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016174.50   | 0.35%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sky Dance Metropolitan District No. 2                                            | Sky Dance Metropolitan District No. 2, Series 2024 A                                                     | CUSIP: 83086VAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $378528.90    | 0.13%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SkyRidge Pegasus Infrastructure Financing District                               | SkyRidge Pegasus Infrastructure Financing District, Series 2024                                          | CUSIP: 83089AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302329.50    | 0.11%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Somerset Bay Community Development District                                      | Somerset Bay Community Development District, Series 2026                                                 | CUSIP: 83461CAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310181.23    | 0.11%             | 2056-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2024                                          | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010177.50   | 0.35%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2018 A                                        | CUSIP: 83704MAL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $485704.85    | 0.17%             | 2039-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2018 A                                        | CUSIP: 83704MAM8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935930.00    | 0.33%             | 2049-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2021 A                                        | CUSIP: 83704MBV7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $690681.47    | 0.24%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series 2021 B                                                   | CUSIP: 837151YU7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3981024.80   | 1.39%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series 2021 B                                                   | CUSIP: 837151YV5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5148272.33   | 1.79%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series 2021 B                                                   | CUSIP: 837151YY9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2674504.50   | 0.93%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2025 A                                         | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    480000 | PA      | $491876.06    | 0.17%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Ohio Port Authority                                                 | Southeastern Ohio Port Authority, Series 2015                                                            | CUSIP: 841895AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $137418.89    | 0.05%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southlands Metropolitan District No. 1                                           | Southlands Metropolitan District No. 1, Series 2017 A-1                                                  | CUSIP: 84454RAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502992.20    | 0.18%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southpointe of Manatee County Community Development District                     | Southpointe of Manatee County Community Development District, Series 2026                                | CUSIP: 844654AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $178525.03    | 0.06%             | 2056-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of St Louis Missouri (The)          | Industrial Development Authority of the City of St. Louis Missouri (The), Series 2017 A                  | CUSIP: 85236BAC6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    875000 | PA      | $783594.96    | 0.27%             | 2047-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | Stamford Housing Authority, Series 2025 A                                                                | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103427.86    | 0.04%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | Stamford Housing Authority, Series 2025 A                                                                | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151727.55    | 0.05%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Starling Community Development District                                          | Starling Community Development District, Series 2025                                                     | CUSIP: 85553UAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487093.05    | 0.17%             | 2056-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | Sterling Ranch Community Authority Board, Series 2024 A                                                  | CUSIP: 85950NAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037216.10   | 0.36%             | 2054-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Stuart Crossing Community Development District                                   | Stuart Crossing Community Development District, Series 2024                                              | CUSIP: 86368SAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $118513.43    | 0.04%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Co.                                           | Suffolk Regional Off-Track Betting Co., Series 2024                                                      | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045407.60   | 0.71%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Economic Development Authority                                           | Suffolk Economic Development Authority, Series 2016                                                      | CUSIP: 86482NAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500113.45    | 0.17%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sugarloaf Community Development District                                         | Sugarloaf Community Development District, Series 2026                                                    | CUSIP: 865037AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $178130.90    | 0.06%             | 2055-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Sunnyvale CA                                                             | City of Sunnyvale, Series 2001                                                                           | CUSIP: 867587AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $607071.46    | 0.21%             | 2032-08-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sunrise Community Development District                                           | Sunrise Community Development District, Series 2025                                                      | CUSIP: 86771UAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $486803.90    | 0.17%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                       | Tarrant County Cultural Education Facilities Finance Corp., Series 2024                                  | CUSIP: 87638TJK0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997066.10    | 0.35%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | Tempe Industrial Development Authority, Series 2025 A                                                    | CUSIP: 87972MBZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $767134.58    | 0.27%             | 2055-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Terra Lago Community Development District                                        | Terra Lago Community Development District, Series 2025                                                   | CUSIP: 88104DAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $394808.32    | 0.14%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Community Housing & Economic Development Corp.                             | Texas Community Housing & Economic Development Corp., Series 2025 A-1                                    | CUSIP: 88231CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $536187.85    | 0.19%             | 2065-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                                 | Texas Municipal Gas Acquisition & Supply Corp. V, Series 2026                                            | CUSIP: 88256RAV8<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085613.00   | 0.73%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                         | Texas Transportation Commission State Highway 249 System, Series 2019 A                                  | CUSIP: 88283NAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $382038.16    | 0.13%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp.                                               | Texas Transportation Finance Corp., Series 2025 A                                                        | CUSIP: 88283PAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7543326.70   | 2.63%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                          | Tolomato Community Development District, Series 2024                                                     | CUSIP: 889560FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $512567.16    | 0.18%             | 2054-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Trails at Crowfoot Metropolitan District No. 3                                   | Trails at Crowfoot Metropolitan District No. 3, Series 2024 B                                            | CUSIP: 89286RAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301009.26    | 0.10%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Tranquility Community Development District                                       | Tranquility Community Development District, Series 2025                                                  | CUSIP: 89300NAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295173.24    | 0.10%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | Tulsa Municipal Airport Trust Trustees, Series 2025                                                      | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $524940.46    | 0.18%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Twisted Oaks Pointe Community Development District                               | Twisted Oaks Pointe Community Development District, Series 2026                                          | CUSIP: 90184FAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145465.07    | 0.05%             | 2056-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Uptown Development Authority                                                     | Uptown Development Authority, Series 2021                                                                | CUSIP: 916856HQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $766361.97    | 0.27%             | 2037-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | Utah Infrastructure Agency, Series 2023                                                                  | CUSIP: 917467CP5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1461644.19   | 0.51%             | 2047-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | Utah Infrastructure Agency, Series 2025                                                                  | CUSIP: 917467DF6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    350000 | PA      | $347537.44    | 0.12%             | 2049-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                | City of Venice, Series 2024 A                                                                            | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $372320.51    | 0.13%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Verandah West Community Development District                                     | Verandah West Community Development District, Series 2013                                                | CUSIP: 922947AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410293.40    | 0.14%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verano No. 4 Community Development District                                      | Verano No. 4 Community Development District, Series 2025                                                 | CUSIP: 92337SAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153713.24    | 0.05%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                   | CUSIP: 924166JX0<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    750000 | PA      | $589461.68    | 0.21%             | 2046-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Metropolitan District (The)                                              | Village Metropolitan District (The), Series 2025 A                                                       | CUSIP: 92708CAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506005.50    | 0.18%             | 2055-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 12                                    | Village Community Development District No. 12, Series 2018                                               | CUSIP: 92708FAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $665958.80    | 0.23%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vivid Shores Community Development District                                      | Vivid Shores Community Development District, Series 2025                                                 | CUSIP: 92853QAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99608.94     | 0.03%             | 2056-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                          | County of Washington, Series 2022                                                                        | CUSIP: 938154DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514122.15    | 0.18%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | Washington Metropolitan Area Transit Authority, Series 2024 A                                            | CUSIP: 93878YDX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5137751.50   | 1.79%             | 2056-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2016 A                                               | CUSIP: 939783TH9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1179951.92   | 0.41%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2016                                                 | CUSIP: 939783TQ9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    580000 | PA      | $580255.95    | 0.20%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021 A                                               | CUSIP: 93978LGH3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $974316.28    | 0.34%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2023                                                 | CUSIP: 93978LGR1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    560000 | PA      | $596068.70    | 0.21%             | 2063-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2023-1, Class A                                      | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3117898 | PA      | $2915607.04   | 1.02%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021-1, Class A                                      | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.02         | 0.00%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2024-1, Class A                                      | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    741001 | PA      | $722935.85    | 0.25%             | 2040-03-20      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Waterset South Community Development District                                    | Waterset South Community Development District, Series 2025                                               | CUSIP: 94186HAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202071.56    | 0.07%             | 2056-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Waterset South Community Development District                                    | Waterset South Community Development District, Series 2026                                               | CUSIP: 94186HAQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $282079.50    | 0.10%             | 2056-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Wellness Ridge Community Development District                                    | Wellness Ridge Community Development District, Series 2026                                               | CUSIP: 95004CAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $452132.28    | 0.16%             | 2056-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| West Port East Community Development District                                    | West Port East Community Development District, Series 2025                                               | CUSIP: 95549KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $192975.13    | 0.07%             | 2045-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                               | West Villages Improvement District, Series 2025                                                          | CUSIP: 956454CZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $391516.68    | 0.14%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | West Virginia Hospital Finance Authority, Series 2023 B                                                  | CUSIP: 956622W83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5665787.40   | 1.97%             | 2048-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Westminster MD                                                           | City of Westminster, Series 2014 A                                                                       | CUSIP: 960735AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230171.40    | 0.08%             | 2034-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Westview South Community Development District                                    | Westview South Community Development District, Series 2025                                               | CUSIP: 961566AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $283971.08    | 0.10%             | 2055-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Windsor Cay Community Development District                                       | Windsor Cay Community Development District, Series 2025                                                  | CUSIP: 97352AAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $294476.61    | 0.10%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2022 A                                       | CUSIP: 97712D8S8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3913990.00   | 1.36%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2022                                         | CUSIP: 97712JCL5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    270000 | PA      | $252466.12    | 0.09%             | 2041-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2022                                         | CUSIP: 97712JCM3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1013054.44   | 0.35%             | 2045-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                         | CUSIP: 97712JEE9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    650000 | PA      | $507683.87    | 0.18%             | 2057-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024                                         | CUSIP: 97712JJX2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $310800.57    | 0.11%             | 2059-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Woodland Preserve Community Development District                                 | Woodland Preserve Community Development District, Series 2025                                            | CUSIP: 97966AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $217811.57    | 0.08%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai (The)                  | Industrial Development Authority of the County of Yavapai (The), Series 2012                             | CUSIP: 98521VAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $660201.50    | 0.23%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai (The)                  | Industrial Development Authority of the County of Yavapai (The), Series 2015 A                           | CUSIP: 98521VAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460095.73    | 0.16%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brightline Train Holdings West LLC                                               | Brightline Train Holdings West LLC                                                                       | CUSIP: N/A<br>LEI: 5493000UQOV6R4ZWS346       | Long             | EC               | CORP              | US        |      5400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Putnam Managed Municipal Income Trust

**Signature:** Chris Beararducci

**Name of Signer:** Chris Beararducci

**Title:** Principal Financial Officer