# EDGAR Filing Document

**Accession Number:** 0001424212
**File Stem:** 0000940400-25-002126
**Filing Date:** 2025-9
**Character Count:** 266807
**Document Hash:** 2698f1793ded639e7d35363c1eca77e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002126.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0000940400-25-002126

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND III
- **CENTRAL INDEX KEY:** 0001424212

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22245
- **FILM NUMBER:** 251336428

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange-Traded Fund III
- **DATE OF NAME CHANGE:** 20160419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange Traded Fund III
- **DATE OF NAME CHANGE:** 20080116

## Series and Classes Contracts Data

### First Trust Municipal High Income ETF (Series ID: S000051606)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000162358 | First Trust Municipal High Income ETF | FMHI            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Exchange-Traded Fund III

- **b. Investment Company Act file number:** 811-22245

- **c. CIK number of Registrant:** 0001424212

- **d. LEI of Registrant:** 5493003Z20QMESC6XS29

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

  - **Street Address 1:** 120 East Liberty Drive, Suite 400

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Municipal High Income ETF

- **b. EDGAR series identifier (if any):** S000051606

- **c. LEI of Series:** 549300B5O1Z4DSDEG514

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

- **a. Date of fiscal year-end:** 2025-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $749652213.87

**Total Liabilities:** $6456507.73

**Net Assets:** $743195706.14

**Delayed Delivery Securities:** $1036490.00

**Cash Not Reported:** $2993176.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 108.16828000 | **1-Year:** 8286.36805000 | **5-Year:** 67015.38396000 | **10-Year:** 446877.69348000 | **30-Year:** 51521.84422000

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

- **3-Month:** 115.70927000 | **1-Year:** 3458.82957000 | **5-Year:** 13300.42025000 | **10-Year:** 64053.51841000 | **30-Year:** 4102.16743000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000162358 | -0.25%               | 0.66%                | -0.89%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-442010.23              | $-4144998.73                               |
| Month 2  | $-1220714.13             | $3739696.39                                |
| Month 3  | $-921967.18              | $-8681958.59                               |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JEFFERSON CNTY KY SCH DIST FIN              | Jefferson County School District Finance Corp                                   | CUSIP: 47309QDV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1398341.67   | 0.19%             | 2038-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV              | County of Hamilton OH                                                           | CUSIP: 40727RCJ5<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518265.50    | 0.07%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EPPERSON N CDD FL CAPITAL IMPT              | Epperson North Community Development District                                   | CUSIP: 29429VAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1007060.20   | 0.14%             | 2039-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT              | Port of Greater Cincinnati Development Authority                                | CUSIP: 734195BQ2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410792.90    | 0.06%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OH HOSP FACS REVEN              | County of Warren OH                                                             | CUSIP: 935158BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1314536.17   | 0.18%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE              | City of Valparaiso IN                                                           | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467990.30    | 0.06%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SAND SPRINGS OK MUNI AUTH UTIL              | Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue     | CUSIP: 799773BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1102244.93   | 0.15%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OAK POINT TX SPL ASSMNT REVENU              | City of Oak Point TX                                                            | CUSIP: 67176TAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1034068.86   | 0.14%             | 2044-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1862322.60   | 0.25%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONROE LA WTR REVENUE                       | City of Monroe LA Water Revenue                                                 | CUSIP: 611089AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210496.90    | 0.03%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR              | Tulsa County Industrial Authority                                               | CUSIP: 899530AY5<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1166855.03   | 0.16%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAMILTON BLUFF CMNTY DEV DIST               | Hamilton Bluff Community Development District                                   | CUSIP: 40702EAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $445301.16    | 0.06%             | 2031-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                           | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507934.70    | 0.07%             | 2051-01-01      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BKK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1723347.38   | 0.23%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                     | Florida Development Finance Corp                                                | CUSIP: 34062AAC5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $699310.73    | 0.09%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH MTGER              | Vermont Economic Development Authority                                          | CUSIP: 92415TCA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $236677.95    | 0.03%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396EZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    925000 | PA      | $881321.59    | 0.12%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH STUDE              | Industrial Development Authority of the City of Phoenix Arizona/The             | CUSIP: 71885DCS9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102592.24    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE              | County of Denton TX                                                             | CUSIP: 24880GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1887164.80   | 0.25%             | 2054-12-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA RSDL CARE FACS               | Fulton County Residential Care Facilities for the Elderly Authority             | CUSIP: 360059AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1346566.31   | 0.18%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARDENS AT HAMMOCK BEACH CDD F              | Gardens at Hammock Beach Community Development District                         | CUSIP: 36549DAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $289267.35    | 0.04%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HGR EDU FIN CORP UN              | Houston Higher Education Finance Corp                                           | CUSIP: 44237QAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $572734.75    | 0.08%             | 2051-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396CT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230383.64    | 0.03%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL REV              | Public Finance Authority                                                        | CUSIP: 74445GAK8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    160000 | PA      | $163959.79    | 0.02%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELL POINT CMNTY DEV DIST FL               | Shell Point Community Development District                                      | CUSIP: 822666AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $492247.97    | 0.07%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUNSET PARKS MET DIST CO                    | Sunset Parks Metropolitan District                                              | CUSIP: 86777VAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1286445.23   | 0.17%             | 2054-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH              | Alachua County Health Facilities Authority                                      | CUSIP: 010684AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $622669.32    | 0.08%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C              | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3094674.60   | 0.42%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HASLET TX SPL ASSMNT REVENUE                | City of Haslet TX                                                               | CUSIP: 418304AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $907916.51    | 0.12%             | 2039-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OMAHA NE ARPT AUTH                          | Omaha Airport Authority                                                         | CUSIP: 681725NH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763653.60    | 0.10%             | 2043-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BERKS CNTY PA INDL DEV AUTH HL              | Berks County Industrial Development Authority                                   | CUSIP: 08452RAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $452094.32    | 0.06%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                                        | CUSIP: 74442PVQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1358657.80   | 0.18%             | 2051-01-01      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| CROSSWINDS EAST CDD FL SPL ASS              | Crosswinds East Community Development District                                  | CUSIP: 22769LAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972906.50    | 0.13%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP              | New Jersey Economic Development Authority                                       | CUSIP: 64578CCB5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100165.24    | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDEN HILLS CMNTY DEV DIST FL S              | Eden Hills Community Development District                                       | CUSIP: 279449AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1414901.31   | 0.19%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA              | City of Galveston TX Wharves & Terminal Revenue                                 | CUSIP: 364568JH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $414645.28    | 0.06%             | 2037-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTSIDE FL CDD SPL ASSMNT REV              | Westside Community Development District                                         | CUSIP: 96149TAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $822909.42    | 0.11%             | 2038-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY S              | Massachusetts Development Finance Agency                                        | CUSIP: 57563WAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2395947.00   | 0.32%             | 2060-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EAGAN MN CHRTR SCH LEASE REVEN              | City of Eagan MN                                                                | CUSIP: 26940AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467825.50    | 0.06%             | 2055-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                               | CUSIP: 249182TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1154783.08   | 0.16%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FATE TX SPL ASSESSMENT REVENUE              | City of Fate TX                                                                 | CUSIP: 31189RCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1101429.72   | 0.15%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                 | Indiana Finance Authority                                                       | CUSIP: 45506ENZ2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1178532.25   | 0.16%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                              | CUSIP: 167486P60<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765477.30    | 0.10%             | 2040-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI              | Public Finance Authority                                                        | CUSIP: 74443UAY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1283766.65   | 0.17%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                              | CUSIP: 837031WN9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $226751.38    | 0.03%             | 2052-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                              | CUSIP: 837031WJ8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    275000 | PA      | $268750.24    | 0.04%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF ALABAMA AT BIRMINGHAM               | University of Alabama at Birmingham                                             | CUSIP: 914745EP5<br>LEI: 5493002DHWB7OKWT0415 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1306444.59   | 0.18%             | 2041-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT              | Utah Charter School Finance Authority                                           | CUSIP: 91754TYQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $431595.97    | 0.06%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM POLO CMNTY DEV DIST              | Gulfstream Polo Community Development District                                  | CUSIP: 40275MAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1319593.24   | 0.18%             | 2049-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KYLE TX SPL ASSMNT REVENUE                  | City of Kyle TX                                                                 | CUSIP: 50156CAB6<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250358.85    | 0.03%             | 2029-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO              | Development Authority of Burke County/The                                       | CUSIP: 121342NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.24%             | 2052-11-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| PRAIRIE CENTER CO MET DIST #3               | Prairie Center Metropolitan District No 3                                       | CUSIP: 739476AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1452639.75   | 0.20%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL ASSMNT DIST #              | City of Las Vegas NV Special Improvement District No 817                        | CUSIP: 51779BAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514329.75    | 0.07%             | 2048-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005628.90   | 0.14%             | 2038-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PINON PINES MET DIST #2 CO                  | Pinon Pines Metropolitan District No 2                                          | CUSIP: 72352VAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1050618.24   | 0.14%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THOMPSON CROSSING MET DIST #4               | Thompson Crossing Metropolitan District No 4                                    | CUSIP: 88477EAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $879504.03    | 0.12%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1996504.41   | 0.27%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING              | Suffolk Regional Off-Track Betting Corp                                         | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037091.20   | 0.27%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65821DTG6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500059.05    | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN              | State of Hawaii Department of Budget & Finance                                  | CUSIP: 419800PV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896040.30    | 0.12%             | 2043-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LEXINGTON CNTY SC HLTH SVCS DI              | Lexington County Health Services District Inc                                   | CUSIP: 529050DZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987545.00   | 0.27%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL               | Connecticut State Health & Educational Facilities Authority                     | CUSIP: 20775DFA5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    800000 | PA      | $767475.36    | 0.10%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442ECA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498009.00    | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                      | CUSIP: 167505QS8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000224.70   | 0.13%             | 2032-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH FAC R              | Indiana Finance Authority                                                       | CUSIP: 45471CCK2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    535000 | PA      | $544944.21    | 0.07%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                       | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1254754.66   | 0.17%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                                | CUSIP: 56681NAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $259403.61    | 0.03%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO CNTY CA FING A              | San Luis Obispo County Financing Authority                                      | CUSIP: 798712DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1720048.48   | 0.23%             | 2042-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60635H2Q1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    550000 | PA      | $565484.48    | 0.08%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1106567.98   | 0.15%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GULFPORT MS HOSP FAC REVENUE                | City of Gulfport MS                                                             | CUSIP: 402682DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1414509.88   | 0.19%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999205.80   | 0.27%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1198532.20   | 0.16%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CNTY WV COMMISSION               | County of Monongalia WV                                                         | CUSIP: 61022DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $618915.54    | 0.08%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60637ATN2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    925000 | PA      | $802524.73    | 0.11%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORONGO BAND OF MISSION INDIAN              | Morongo Band of Mission Indians/The                                             | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $296557.50    | 0.04%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                  | City of Detroit MI                                                              | CUSIP: 2510935F3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1905645.60   | 0.26%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARROWHEAD SPRINGS PUBLIC INFRA              | Arrowhead Springs Public Infrastructure District                                | CUSIP: 04280BAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2015223.00   | 0.27%             | 2054-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396FT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1065768.86   | 0.14%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POUDRE HEIGHTS VLY MET DIST CO              | Poudre Heights Valley Metropolitan District                                     | CUSIP: 73856AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $868098.08    | 0.12%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN COMMERCIAL & INDL DE              | Allentown Commercial and Industrial Development Authority                       | CUSIP: 01843AAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1344040.05   | 0.18%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BPS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1047751.20   | 0.14%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65820YTT3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946069.20    | 0.13%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNION CNTY OR HOSP FAC AUTH                 | Union County Hospital Facility Authority                                        | CUSIP: 906420CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $727187.40    | 0.10%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60635H2S7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1034183.89   | 0.14%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP              | Great Lakes Water Authority Water Supply System Revenue                         | CUSIP: 39081JGP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026981.50   | 0.14%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                                     | CUSIP: 928103AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754520.63    | 0.10%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442ECC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $175895.54    | 0.02%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERRY BAY CDD FL SPL ASSMNT RE              | Berry Bay Community Development District                                        | CUSIP: 08577CAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $819213.60    | 0.11%             | 2041-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AEROTROPOLIS REGL TRANPRTN AUT              | Aerotropolis Regional Transportation Authority                                  | CUSIP: 008051AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1438275.45   | 0.19%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH INDL               | Arkansas Development Finance Authority                                          | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114671.60   | 0.28%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN              | California Public Finance Authority                                             | CUSIP: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $210181.10    | 0.03%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1329381.30   | 0.18%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                              | CUSIP: 837031WL3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1007379.97   | 0.14%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH              | West Virginia Economic Development Authority                                    | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016727.20   | 0.14%             | 2055-01-01      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| LITTLE ELM TX SPL ASSMNT REVEN              | Town of Little Elm TX                                                           | CUSIP: 537098AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1623271.35   | 0.22%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                               | CUSIP: 249182QT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1232551.24   | 0.17%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65820YTG1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2500258.57   | 0.34%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                        | CUSIP: 57584Y4S5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486506.40    | 0.07%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                               | CUSIP: 452153DB2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1779057.00   | 0.24%             | 2047-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN MARCOS TX SPL ASSMNT REVEN              | City of San Marcos TX                                                           | CUSIP: 798801AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $841782.50    | 0.11%             | 2042-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2836573.81   | 0.38%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEWARK HGR EDU FIN CORP TX EDU              | Newark Higher Education Finance Corp                                            | CUSIP: 650346FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $615097.74    | 0.08%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH CHRT SCHR              | Illinois Finance Authority                                                      | CUSIP: 452022AY2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254029.13    | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CNTY WV COMMISSION               | County of Monongalia WV                                                         | CUSIP: 61022DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $450622.70    | 0.06%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD              | Virginia Beach Development Authority                                            | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167438.60   | 0.29%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT              | Clackamas County Hospital Facility Authority                                    | CUSIP: 179027XQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $291432.63    | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOUR CORNERS BUSINESS IMPT DIS              | Four Corners Business Improvement District                                      | CUSIP: 35084NAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1458170.85   | 0.20%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN              | Industrial Development Authority of the County of Pima/The                      | CUSIP: 72178AAG7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045858.20   | 0.14%             | 2042-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE              | Salem Hospital Facility Authority                                               | CUSIP: 794458EW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $705069.60    | 0.09%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERANDA CDD II FL SPL ASSMNT R              | Veranda Community Development District II                                       | CUSIP: 92338HAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955686.90    | 0.13%             | 2054-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HAMILTON BLUFF CMNTY DEV DIST               | Hamilton Bluff Community Development District                                   | CUSIP: 40702EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945348.10    | 0.13%             | 2054-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR              | Florida Development Finance Corp                                                | CUSIP: 34061WBL7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $796297.28    | 0.11%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIPLE CREEK FL CDD SPL ASSMNT              | Triple Creek Community Development District                                     | CUSIP: 89677RBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $642932.63    | 0.09%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST MUNI PWR AGY                     | Indiana Municipal Power Agency                                                  | CUSIP: 454898XD4<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4625000.00   | 0.62%             | 2042-01-01      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| FIELDS ESTATES PUBLIC INFRASTR              | Fields Estates Public Infrastructure District                                   | CUSIP: 316576AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $722692.73    | 0.10%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1396186.35   | 0.19%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                               | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082355.80   | 0.28%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL TX SPL ASSMNT REV              | City of Liberty Hill TX                                                         | CUSIP: 530575AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1014137.28   | 0.14%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH REVENUE                    | County of Franklin OH                                                           | CUSIP: 353202FP4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2177905.93   | 0.29%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOCAL DEV COR              | Dutchess County Local Development Corp                                          | CUSIP: 26704AAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $457432.02    | 0.06%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT CMNT              | Public Finance Authority                                                        | CUSIP: 74446CAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1625004.85   | 0.22%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA              | New Hampshire Health and Education Facilities Authority Act                     | CUSIP: 64461XME2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3624350.80   | 0.49%             | 2050-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH CHRT SCHR              | Illinois Finance Authority                                                      | CUSIP: 452022AZ9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253093.13    | 0.03%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13069AAZ1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    650000 | PA      | $583367.33    | 0.08%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                         | CUSIP: 0418064W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $770839.60    | 0.10%             | 2041-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                       | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004178.60   | 0.14%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TROUT CREEK CDD FL CAPITAL IMP              | Trout Creek Community Development District                                      | CUSIP: 897188AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $810088.02    | 0.11%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD SOL WST              | Industrial Development Board of the City of Mobile Alabama                      | CUSIP: 607168AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2034-06-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65820YRR9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1734110.13   | 0.23%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POLK CNTY FL INDL DEV AUTH                  | Polk County Industrial Development Authority/FL                                 | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $550000.00    | 0.07%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| PINON PINES MET DIST #3 CO                  | Pinon Pines Metropolitan District No 3                                          | CUSIP: 72352WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2087887.54   | 0.28%             | 2054-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442ELZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1776996.80   | 0.24%             | 2049-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LA VERNIA TX HGR EDU FIN CORP               | La Vernia Higher Education Finance Corp                                         | CUSIP: 505237CJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80049.33     | 0.01%             | 2025-08-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                | New Hampshire Business Finance Authority                                        | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1575140.20   | 0.21%             | 2045-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SOLEIL HILLS PUB INFRASTRUCTUR              | Soleil Hills Public Infrastructure District No 1                                | CUSIP: 834201AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1891757.80   | 0.25%             | 2055-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HALIFAX FL HOSP MED CTR                     | Halifax Hospital Medical Center                                                 | CUSIP: 405815LG4<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004682.80   | 0.27%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS              | Indiana Finance Authority                                                       | CUSIP: 45471FAW1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1903150.80   | 0.26%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                                | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001579.20   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN BROOK MET DIST CO                  | Mountain Brook Metropolitan District                                            | CUSIP: 62387TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $731904.27    | 0.10%             | 2041-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA HOSP AUTH                  | Columbia County Hospital Authority/GA                                           | CUSIP: 197479AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1173748.73   | 0.16%             | 2053-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LINCOLNWOOD IL TAX INCREMENT A              | Village of Lincolnwood Il                                                       | CUSIP: 53509AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1581743.28   | 0.21%             | 2041-01-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA              | Iowa Finance Authority                                                          | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2802628.50   | 0.38%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH HOTEL              | Industrial Development Authority of the City of Phoenix Arizona/The             | CUSIP: 71885JAB5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1330471.80   | 0.18%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOTEL REVEN              | Public Finance Authority                                                        | CUSIP: 74447DAB3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000714.00   | 0.13%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                                        | CUSIP: 74442PL78<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $1762790.13   | 0.24%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N SPRINGS FL IMPT DIST                      | North Springs Improvement District                                              | CUSIP: 662543BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000735.20   | 0.13%             | 2038-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                                     | CUSIP: 928104PN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011614.60   | 0.14%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU              | Louisiana Public Facilities Authority                                           | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1915317.20   | 0.26%             | 2059-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                 | Indiana Finance Authority                                                       | CUSIP: 45506DA88<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1909319.00   | 0.26%             | 2046-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| POMPANO BEACH FL REVENUE                    | City of Pompano Beach FL                                                        | CUSIP: 732203BE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $806988.11    | 0.11%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV              | City of Woodbury MN                                                             | CUSIP: 979134AT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $690923.52    | 0.09%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MILITARY INSTALLATION DEV AUTH              | Military Installation Development Authority                                     | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2314515.00   | 0.31%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                                | CUSIP: 709224PL7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10076.35     | 0.00%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HANOVER CNTY VA ECON DEV AUTHR              | Hanover County Economic Development Authority                                   | CUSIP: 41077CAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2599036.80   | 0.35%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER NM TAX INC              | Winrock Town Center Tax Increment Development District No 1                     | CUSIP: 97535RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478447.45    | 0.06%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU              | Public Finance Authority                                                        | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052103.50   | 0.14%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65821DYF2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $2873197.14   | 0.39%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                     | CUSIP: 592647NA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1474437.64   | 0.20%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP STUD              | Maryland Economic Development Corp                                              | CUSIP: 57420VSL8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050858.20   | 0.14%             | 2038-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                     | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056861.70   | 0.14%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA DEV AUTH CHARTERS              | Development Authority of Cobb County/The                                        | CUSIP: 190779AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484459.35    | 0.07%             | 2043-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3315000 | PA      | $3387968.12   | 0.46%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TX                 | Westpointe Special Improvement District                                         | CUSIP: 96124RBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $534838.42    | 0.07%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH E              | Kansas City Industrial Development Authority                                    | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1656410.06   | 0.22%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST MEADOW MET DIST CO                     | West Meadow Metropolitan District                                               | CUSIP: 954261AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $708512.84    | 0.10%             | 2038-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                                | CUSIP: 791524CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $667910.29    | 0.09%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL               | Indiana Finance Authority                                                       | CUSIP: 455054BG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1425420.61   | 0.19%             | 2035-05-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL               | Philadelphia Authority for Industrial Development                               | CUSIP: 71780CBJ8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    850000 | PA      | $609298.02    | 0.08%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO              | New York State Dormitory Authority                                              | CUSIP: 64990FZX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1490900.37   | 0.20%             | 2042-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVIMOR CMNTY INFRASTRUCTURE DI              | Avimor Community Infrastructure District No 1                                   | CUSIP: 05372AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1441634.25   | 0.19%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                      | City of Baltimore MD                                                            | CUSIP: 05923TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1020289.17   | 0.14%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999944.10    | 0.13%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVE MARIA FL STEWARDSHIP CMNTY              | Ave Maria Stewardship Community District                                        | CUSIP: 05355ABS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2315853.05   | 0.31%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLISON VLY MET DIST #2 CO                  | Allison Valley Metropolitan District No 2                                       | CUSIP: 01973MAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $974606.19    | 0.13%             | 2047-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $752929.34    | 0.10%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY EXEMPT FACS REVEN              | City of Henderson KY                                                            | CUSIP: 425099AA6<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    875000 | PA      | $798051.10    | 0.11%             | 2042-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016222.30   | 0.14%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC              | Capital Projects Finance Authority/FL                                           | CUSIP: 14043FAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1495195.56   | 0.20%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                  | City of Detroit MI                                                              | CUSIP: 2510935E6<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1072900.95   | 0.14%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI              | Public Finance Authority                                                        | CUSIP: 74443UAX1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1225450.94   | 0.16%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R              | Tobacco Settlement Financing Corp/RI                                            | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2482259.00   | 0.33%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LENEXA KS HLTH CARE FAC REVENU              | City of Lenexa KS                                                               | CUSIP: 526039CU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1814390.96   | 0.24%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048T4F7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    205000 | PA      | $208436.89    | 0.03%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE               | Parish of St James LA                                                           | CUSIP: 790103AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071604.80   | 0.14%             | 2040-10-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                      | City of Baltimore MD                                                            | CUSIP: 05923TCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $181452.48    | 0.02%             | 2028-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| SAWYERS LANDING CDD FL SPL ASS              | Sawyers Landing Community Development District                                  | CUSIP: 805517AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1612852.20   | 0.22%             | 2053-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059THM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242934.93    | 0.03%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HENDERSON NV LOCAL IMPT DISTS               | Henderson Local Improvement Districts                                           | CUSIP: 425208WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $765905.06    | 0.10%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM VA ECON DEV AUTH EDUCTNL              | Salem Economic Development Authority                                            | CUSIP: 794565BL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505672.30    | 0.07%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65820YSX5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    750000 | PA      | $707301.90    | 0.10%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                           | CUSIP: 70869PPE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974007.90    | 0.13%             | 2046-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV              | Columbus Regional Airport Authority                                             | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765238.80    | 0.10%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                        | Stamford Housing Authority                                                      | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2167312.62   | 0.29%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F              | Capital Trust Agency Inc                                                        | CUSIP: 14054CDE6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1038954.91   | 0.14%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAVON TX SPL ASSMT REVENUE                  | City of Lavon TX                                                                | CUSIP: 51946PCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $580761.78    | 0.08%             | 2044-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI              | Washington State Housing Finance Commission                                     | CUSIP: 939783Q66<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1466021.55   | 0.20%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK              | Port of Beaumont Navigation District                                            | CUSIP: 73360CAQ7<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1356544.05   | 0.18%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI              | Public Finance Authority                                                        | CUSIP: 74443UBB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1104522.60   | 0.15%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2129585.70   | 0.29%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA ECON DEV AUTH               | Henrico County Economic Development Authority                                   | CUSIP: 42605QFH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1071362.67   | 0.14%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DECATUR TX SPL ASSMNT REVENUE               | City of Decatur TX                                                              | CUSIP: 243340AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $532561.43    | 0.07%             | 2045-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM              | Arkansas Development Finance Authority                                          | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003908.50   | 0.14%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                              | CUSIP: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975800.10    | 0.13%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANDRIDGE CMNTY DEV DIST FL SP              | Sandridge Community Development District                                        | CUSIP: 80007LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1528416.69   | 0.21%             | 2052-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GARDENS AT HAMMOCK BEACH CDD F              | Gardens at Hammock Beach Community Development District                         | CUSIP: 36549DAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $192340.27    | 0.03%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GEISINGER PA AUTH HLTH SYS REV              | Geisinger Authority                                                             | CUSIP: 368497JV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $619378.05    | 0.08%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH STUDENT H              | Illinois Finance Authority                                                      | CUSIP: 45203KAH8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    145000 | PA      | $147811.04    | 0.02%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY              | Louisville/Jefferson County Metropolitan Government                             | CUSIP: 54659LBZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911448.10    | 0.12%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA              | Iowa Finance Authority                                                          | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1468159.16   | 0.20%             | 2050-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                             | CUSIP: 51265KFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $720155.24    | 0.10%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A              | St Johns County Industrial Development Authority                                | CUSIP: 79041LAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $603686.63    | 0.08%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIELDS ESTATES PUBLIC INFRASTR              | Fields Estates Public Infrastructure District                                   | CUSIP: 31657CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2068640.33   | 0.28%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2829798.83   | 0.38%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU              | Montgomery County Industrial Development Authority/PA                           | CUSIP: 61361TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1691882.01   | 0.23%             | 2034-10-01      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HLTH EDL FACS AUTH S              | Wisconsin Health & Educational Facilities Authority                             | CUSIP: 97671VCP8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949132.00    | 0.13%             | 2055-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GEO L SMITH II GA CONGRESS CTR              | George L Smith II Congress Center Authority                                     | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500885.65    | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST HLTH FACS AUTH                   | Arizona Health Facilities Authority                                             | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075000.00   | 0.14%             | 2046-01-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                      | CUSIP: 167505XV3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3650282.65   | 0.49%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEWATER NORTH CMNTY DEV DI              | Bridgewater North Community Development District                                | CUSIP: 10865PAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1347087.52   | 0.18%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALTLEAF CDD FL CAPITAL IMPT R              | Saltleaf Community Development District                                         | CUSIP: 79575MAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2710180.83   | 0.36%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                        | CUSIP: 57584Y2W8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $962074.20    | 0.13%             | 2040-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442EMF4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $334468.72    | 0.05%             | 2049-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                       | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $915065.89    | 0.12%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                             | CUSIP: 97712JGT4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030977.90   | 0.14%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                                  | CUSIP: 64613CCE6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    560000 | PA      | $584337.49    | 0.08%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLOYD CNTY GA DEV AUTH                      | Development Authority Of Floyd County                                           | CUSIP: 343571AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.27%             | 2026-09-01      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                     | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005899.00   | 0.14%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY INDL DEV AUTH EX              | Maricopa County Industrial Development Authority                                | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2351080.80   | 0.32%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PARKLAND PRESERVE CDD FL SPL A              | Parkland Preserve Community Development District                                | CUSIP: 701403AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $468823.46    | 0.06%             | 2039-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL               | Babcock Ranch Community Independent Special District                            | CUSIP: 05616KBN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $461789.82    | 0.06%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDA GOLF & EQUESTRIAN CTR PUB              | Mida Golf and Equestrian Center Public Infrastructure District                  | CUSIP: 59561BAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2383789.80   | 0.32%             | 2057-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM              | Arkansas Development Finance Authority                                          | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2933583.30   | 0.39%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE              | County of Miami-Dade FL Aviation Revenue                                        | CUSIP: 59333PR75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2564276.35   | 0.35%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396JZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938971.50    | 0.13%             | 2054-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRANDVIEW RESERVE MET DIST #3               | Grandview Reserve Metropolitan District No 3                                    | CUSIP: 386810AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937580.00    | 0.13%             | 2052-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH              | Lee County Industrial Development Authority/FL                                  | CUSIP: 52349EES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006905.70   | 0.14%             | 2029-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH STUDENT H              | Illinois Finance Authority                                                      | CUSIP: 45203KAG0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    300000 | PA      | $304338.96    | 0.04%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHELPS CNTY MO HOSP REVENUE                 | County of Phelps MO                                                             | CUSIP: 717252DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035423.30   | 0.14%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL TX SPL ASSMNT REV              | City of Liberty Hill TX                                                         | CUSIP: 530575AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $772848.60    | 0.10%             | 2042-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                           | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1322434.25   | 0.18%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1211305.60   | 0.16%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV              | Build NYC Resource Corp                                                         | CUSIP: 12008ETX4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957133.10    | 0.13%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD TAX INCR & S              | County of Frederick MD                                                          | CUSIP: 355612AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $733184.56    | 0.10%             | 2043-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AVE MARIA FL STEWARDSHIP CMNTY              | Ave Maria Stewardship Community District                                        | CUSIP: 05355AAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88365.81     | 0.01%             | 2042-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH              | Lee County Industrial Development Authority/FL                                  | CUSIP: 52349EDX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1066414.09   | 0.14%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH SOLID              | Vermont Economic Development Authority                                          | CUSIP: 924157AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003084.20   | 0.13%             | 2036-04-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST                      | Clark County School District                                                    | CUSIP: 181059Z33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $732151.15    | 0.10%             | 2041-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                     | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3869962.85   | 0.52%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH                         | Atlanta Development Authority/The                                               | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498058.05    | 0.07%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1229940.63   | 0.17%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN              | CSCDA Community Improvement Authority                                           | CUSIP: 126292AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $372252.40    | 0.05%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                           | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4289311.39   | 0.58%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELBERT & HIGHWAY 86 CO COMMERC              | Elbert & Highway 86 Commercial Metropolitan District                            | CUSIP: 28421SAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1613478.67   | 0.22%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                              | CUSIP: 837031ZL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    420000 | PA      | $362074.57    | 0.05%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY NY LOCAL ECON ASSI              | Nassau County Local Economic Assistance Corp                                    | CUSIP: 63165CAB8<br>LEI: 549300FCI13UFG0Y6Y37 | Long             | DBT              | MUN               | US        |    950000 | PA      | $916878.82    | 0.12%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Future Tax Secured Revenue         | CUSIP: 64971XL30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2372730.15   | 0.32%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST MONTGOMERY CNTY MUN UTILI              | East Montgomery County Municipal Utility District No 7                          | CUSIP: 27373DHC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $60413.47     | 0.01%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH               | Sierra Vista Industrial Development Authority                                   | CUSIP: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1269860.25   | 0.17%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN STUDENT HSG REV              | City of Minneapolis MN                                                          | CUSIP: 60379NCD6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    125000 | PA      | $123806.28    | 0.02%             | 2027-08-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                 | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2643883.50   | 0.36%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KYLE TX SPL ASSMNT REVENUE                  | City of Kyle TX                                                                 | CUSIP: 50156CBD1<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    690000 | PA      | $684012.66    | 0.09%             | 2033-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PIONEER RANCH CDD FL SPL ASSMN              | Pioneer Ranch Community Development District                                    | CUSIP: 723846AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $742782.07    | 0.10%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST WALLER CNTY MGMT DIST TX               | East Waller County Management District                                          | CUSIP: 275737AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987428.10    | 0.13%             | 2055-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP              | New Jersey Economic Development Authority                                       | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    950000 | PA      | $950997.12    | 0.13%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A              | St Johns County Industrial Development Authority                                | CUSIP: 79041LAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $440528.55    | 0.06%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC              | Capital Projects Finance Authority/FL                                           | CUSIP: 14043FAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1804683.39   | 0.24%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCP MET DIST NO 3 CO                        | CCP Metropolitan District No 3                                                  | CUSIP: 12520DAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1091954.41   | 0.15%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60635HU23<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10058.65     | 0.00%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SKAGIT CNTY WA PUBLIC HOSP DIS              | Skagit County Public Hospital District No 1                                     | CUSIP: 830227EP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1965121.08   | 0.26%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APPLE VY MN SENIOR HSG REVENUE              | City of Apple Valley MN                                                         | CUSIP: 03800RBL9<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    815000 | PA      | $780249.05    | 0.10%             | 2065-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                      | City of Baltimore MD                                                            | CUSIP: 05923TCH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172195.28    | 0.02%             | 2027-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F              | Capital Trust Agency Inc                                                        | CUSIP: 14054CDD8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155444.97    | 0.02%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                        | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    550000 | PA      | $522992.80    | 0.07%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER NM TAX INC              | Winrock Town Center Tax Increment Development District No 1                     | CUSIP: 97535RAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    529000 | PA      | $527564.61    | 0.07%             | 2028-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504730.25   | 0.20%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FALLSCHASE CMNTY DEV DIST FL S              | Fallschase Community Development District                                       | CUSIP: 306748AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $989867.25    | 0.13%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT              | Port of Greater Cincinnati Development Authority                                | CUSIP: 73421NAD9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2730726.30   | 0.37%             | 2055-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU              | Idaho Health Facilities Authority                                               | CUSIP: 451295YK9<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    985000 | PA      | $985542.74    | 0.13%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN               | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542UDS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1249423.32   | 0.17%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT              | Utah Charter School Finance Authority                                           | CUSIP: 91754TS61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $2898056.60   | 0.39%             | 2042-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC               | Public Finance Authority                                                        | CUSIP: 74444VAG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    510000 | PA      | $460034.43    | 0.06%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA DEV AUTH CHARTERS              | Development Authority of Cobb County/The                                        | CUSIP: 190779AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1677793.60   | 0.23%             | 2053-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| LARAMIE CNTY WY HOSP REVENUE                | County of Laramie WY                                                            | CUSIP: 516706DQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $996092.50    | 0.13%             | 2042-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BJD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $612556.77    | 0.08%             | 2049-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH PARKWAY MUNI MGMT DIST #              | North Parkway Municipal Management District No 1                                | CUSIP: 661441AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $672727.58    | 0.09%             | 2051-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAKARA RIDGE PUB INFRASTRUCTUR              | Wakara Ridge Public Infrastructure District                                     | CUSIP: 930814AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2668835.25   | 0.36%             | 2054-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEWLIN CROSSING MET DIST CO                 | Newlin Crossing Metropolitan District                                           | CUSIP: 65152HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1059144.47   | 0.14%             | 2054-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BPL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $340802.00    | 0.05%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1209827.88   | 0.16%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EPPERSON N CDD FL CAPITAL IMPT              | Epperson North Community Development District                                   | CUSIP: 29429VAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3040000 | PA      | $2352200.91   | 0.32%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT              | Clackamas County Hospital Facility Authority                                    | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2002120.20   | 0.27%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R              | Industrial Development Authority of the City of Phoenix Arizona/The             | CUSIP: 71885FDV6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1866722.40   | 0.25%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                               | CUSIP: 60528ABZ6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1020000.00   | 0.14%             | 2035-11-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT               | Buckeye Tobacco Settlement Financing Authority                                  | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3457083.03   | 0.47%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELEBRATION POINTE CMNTY DEV D              | Celebration Pointe Community Development District No 1                          | CUSIP: 15102HAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $800000.00    | 0.11%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OLYMPIA PUBLIC INFRASTRUCTURE               | Olympia Public Infrastructure District No 1                                     | CUSIP: 681483AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1479660.98   | 0.20%             | 2055-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442ECS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1408634.70   | 0.19%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON BLUFF CMNTY DEV DIST               | Hamilton Bluff Community Development District                                   | CUSIP: 40702EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479803.60    | 0.06%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ASTORIA OR HOSP FACS AUTH                   | Astoria Hospital Facilities Authority                                           | CUSIP: 046279CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $719270.85    | 0.10%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH              | California Municipal Finance Authority                                          | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1006603.08   | 0.14%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                               | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    800000 | PA      | $824491.52    | 0.11%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE CNTY FL INDL DEV AUT              | Charlotte County Industrial Development Authority/FL                            | CUSIP: 16080TAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011664.40   | 0.14%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3358267 | PA      | $2929246.04   | 0.39%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG              | Public Finance Authority                                                        | CUSIP: 74439YFU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $738362.78    | 0.10%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARMEL IN REDEV AUTH                        | Carmel Redevelopment Authority                                                  | CUSIP: 143293BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1201226.52   | 0.16%             | 2040-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WALKER CNTY AL ECON & INDL DEV              | Walker County Economic & Industrial Development Authority                       | CUSIP: 931542AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.34%             | 2063-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                               | CUSIP: 4521526J5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255084.45    | 0.03%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV              | City of Woodbury MN                                                             | CUSIP: 979134AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $475566.10    | 0.06%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983113.60    | 0.13%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES              | New York State Dormitory Authority                                              | CUSIP: 65000B7X0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1239539.63   | 0.17%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL               | Capital Trust Authority                                                         | CUSIP: 14054WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935240.20    | 0.13%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                        | CUSIP: 57585BJT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962133.50    | 0.13%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SEAGROVE CDD FL SPL ASSMNT                  | Seagrove Community Development District                                         | CUSIP: 811897AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $692234.78    | 0.09%             | 2044-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NORTH PARK ISLE CMNTY DEV DIST              | North Park Isle Community Development District                                  | CUSIP: 661416AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1187463.90   | 0.16%             | 2041-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH              | Housing & Redevelopment Authority of The City of St Paul Minnesota              | CUSIP: 852297BG4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105076.00    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                      | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3090000 | PA      | $2755125.58   | 0.37%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                      | City of Baltimore MD                                                            | CUSIP: 05923TCK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195110.24    | 0.03%             | 2029-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1463473.94   | 0.20%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE CNTY FL INDL DEV AUT              | Charlotte County Industrial Development Authority/FL                            | CUSIP: 16080TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $3648862.60   | 0.49%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OLD HICKORY CDD FL SPL ASSMNT               | Old Hickory Community Development District                                      | CUSIP: 679792AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1148800.77   | 0.15%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                        | CUSIP: 57584YMF3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $413859.52    | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANGROVE POINT & MANGROVE MANO              | Mangrove Point & Mangrove Manor Community Development District                  | CUSIP: 56271TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $990063.63    | 0.13%             | 2042-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER NM TAX INC              | Winrock Town Center Tax Increment Development District No 1                     | CUSIP: 97535RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $449040.55    | 0.06%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV              | Columbus Regional Airport Authority                                             | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046641.40   | 0.28%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAVON TX SPL ASSMT REVENUE                  | City of Lavon TX                                                                | CUSIP: 51946PCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    429000 | PA      | $408897.23    | 0.06%             | 2044-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                       | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505114.00   | 0.34%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIX MILE CREEK FL CDD CAPITAL               | Six Mile Creek Community Development District                                   | CUSIP: 83005TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1504944.33   | 0.20%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH              | Housing & Redevelopment Authority of The City of St Paul Minnesota              | CUSIP: 852297DS6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1108270.02   | 0.15%             | 2032-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944235.30    | 0.13%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY KS KANSAS CITY               | Wyandotte County-Kansas City Unified Government                                 | CUSIP: 98267VDK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1268042.25   | 0.17%             | 2039-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048TG23<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1818252.00   | 0.24%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT              | Clackamas County Hospital Facility Authority                                    | CUSIP: 179027YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1105367.81   | 0.15%             | 2040-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV              | County of Hamilton OH                                                           | CUSIP: 40727RCK2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508326.05    | 0.07%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PROSPERITY LAKES CMNTY DEV DIS              | Prosperity Lakes Community Development District                                 | CUSIP: 74363HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $709677.35    | 0.10%             | 2043-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                              | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000464.90   | 0.13%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CROSSWINDS EAST CDD FL SPL ASS              | Crosswinds East Community Development District                                  | CUSIP: 22769LAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1442969.55   | 0.19%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -201 | NC      | $-128921.90   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS NV SPL ASSMNT DIST #              | City of Las Vegas NV Special Improvement District No 817                        | CUSIP: 51779BAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $457748.72    | 0.06%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA              | Pennsylvania Economic Development Financing Authority                           | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1792599.37   | 0.24%             | 2037-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE CMNTY DEV DIST FL               | Forest Lake Community Development District                                      | CUSIP: 34585PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $445315.05    | 0.06%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                                | CUSIP: 791524CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3154498.20   | 0.42%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD              | Michigan Strategic Fund                                                         | CUSIP: 594698PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $920177.50    | 0.12%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAINERD MN SENIOR HSG & HLTHC              | City of Brainerd MN                                                             | CUSIP: 10501DAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $284374.41    | 0.04%             | 2060-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL REVENUE                  | County of Palm Beach FL                                                         | CUSIP: 696547HW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007302.60   | 0.14%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX                        | City of Roseville CA                                                            | CUSIP: 7778705B8<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    850000 | PA      | $834278.66    | 0.11%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                            | CUSIP: 742400BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2060468.30   | 0.28%             | 2043-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BOYLE CNTY KY EDUCTNL FACS REV              | County of Boyle KY                                                              | CUSIP: 10346PAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025181.40   | 0.27%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COCO PALMS FL CDD SPL ASSMNT                | Coco Palms Community Development District                                       | CUSIP: 191653AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946775.80    | 0.13%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BJC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $385584.76    | 0.05%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                       | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561272.45   | 0.21%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL               | Babcock Ranch Community Independent Special District                            | CUSIP: 05616KBS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918872.50    | 0.12%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO FALLS ID AUDITORIUM DIST              | Idaho Falls Auditorium District                                                 | CUSIP: 45118AAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $812622.33    | 0.11%             | 2051-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REUNION E FL CDD SPL ASSMNT                 | Reunion East Community Development District                                     | CUSIP: 761311AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1370142.53   | 0.18%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX SPL ASSMNT REVENUE              | City of Crandall TX                                                             | CUSIP: 224384AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1556000 | PA      | $1371525.77   | 0.18%             | 2041-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA SEWAGE SVC REVE              | City of New Orleans LA Sewerage Service Revenue                                 | CUSIP: 647719PU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986849.10    | 0.13%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                | New Hampshire Business Finance Authority                                        | CUSIP: 63607YCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519055.40   | 0.20%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                                | CUSIP: 34061UHH4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $856897.70    | 0.12%             | 2056-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU              | County of Berkeley SC                                                           | CUSIP: 084220AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $371897.98    | 0.05%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERIDIAN RANCH MET DIST 2018 S              | Meridian Ranch Metropolitan District 2018 Subdistrict                           | CUSIP: 58977PAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987284.00    | 0.13%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FTE4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $395437.90    | 0.05%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65820YMR4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2851340.36   | 0.38%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CHARLES CNTY MO PUBLIC W              | St Charles County Public Water Supply District No 2                             | CUSIP: 78764YFJ1<br>LEI: 54930038VJHZW7PR1R14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $222566.63    | 0.03%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHINGLE CREEK AT BRONSON CDD F              | Shingle Creek at Bronson Community Development District                         | CUSIP: 82459NAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $853405.30    | 0.11%             | 2041-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK              | Port of Beaumont Navigation District                                            | CUSIP: 73360CAP9<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1402747.65   | 0.19%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOOD RANCH PUB INFRASTRUCTURE               | Wood Ranch Public Infrastructure District                                       | CUSIP: 97850AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1255402.07   | 0.17%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN              | CSCDA Community Improvement Authority                                           | CUSIP: 126292AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1094672.70   | 0.15%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUBLIC INFRASTRUC              | Mida Cormont Public Infrastructure District                                     | CUSIP: 59561JAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1137851.81   | 0.15%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH STUDENT H              | Illinois Finance Authority                                                      | CUSIP: 45203KAF2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100512.04    | 0.01%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S WSTRN IL DEV AUTH ENVRNMNTL               | Southwestern Illinois Development Authority                                     | CUSIP: 84552TAB8<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999976.00    | 0.13%             | 2042-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LATROBE PA INDL DEV AUTH UNIV               | Latrobe Industrial Development Authority                                        | CUSIP: 518324AQ1<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $219342.50    | 0.03%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                        | CUSIP: 57585BBU1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874932.70    | 0.12%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE              | City of Rochester MN                                                            | CUSIP: 771902HP1<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $271317.48    | 0.04%             | 2050-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PALM DESERT CA SPL TAX                      | City of Palm Desert CA                                                          | CUSIP: 696627ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $404824.14    | 0.05%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                            | CUSIP: 742400BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1474176.79   | 0.20%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN               | New York City Municipal Water Finance Authority                                 | CUSIP: 64972GCM4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.27%             | 2050-06-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| LEES SUMMIT MO INDL DEV AUTH S              | Lees Summit Industrial Development Authority                                    | CUSIP: 524292BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002913.90   | 0.13%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650110AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $415773.50    | 0.06%             | 2046-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1324965.40   | 0.18%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS              | Florida Development Finance Corp                                                | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022511.20   | 0.27%             | 2032-07-01      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                             | CUSIP: 51265KCX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1047647.03   | 0.14%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAVON TX SPL ASSMT REVENUE                  | City of Lavon TX                                                                | CUSIP: 51946PCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    729000 | PA      | $694098.47    | 0.09%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442EMQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1154532.24   | 0.16%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396JG8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $563296.20    | 0.08%             | 2058-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2536743.52   | 0.34%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                                     | CUSIP: 928103AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3200463.83   | 0.43%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FAY0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501478.25    | 0.07%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS              | Ohio Higher Educational Facility Commission                                     | CUSIP: 67756DXK7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $454434.20    | 0.06%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH POR              | Cleveland-Cuyahoga County Port Authority                                        | CUSIP: 18611HAB1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    900000 | PA      | $673709.31    | 0.09%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH                    | Oklahoma Development Finance Authority                                          | CUSIP: 6789083V4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2272351.20   | 0.31%             | 2051-09-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| S E OVERTOWN PARK W CMNTY REDE              | Southeast Overtown Park West Community Redevelopment Agency                     | CUSIP: 841466AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150216.17    | 0.02%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET               | Minneapolis-St Paul Metropolitan Airports Commission                            | CUSIP: 603827Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2514646.93   | 0.34%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU              | Philadelphia Gas Works Co                                                       | CUSIP: 71783MAY1<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1702437.80   | 0.23%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                              | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1923475.80   | 0.26%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA MUNI AUTH HLTHCAR              | Lancaster Municipal Authority                                                   | CUSIP: 514350AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $724518.08    | 0.10%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                  | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1407088.31   | 0.19%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ROWLETT TX SPL ASSMNT REVENUE               | City of Rowlett TX                                                              | CUSIP: 779719AJ2<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    221000 | PA      | $202983.31    | 0.03%             | 2031-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SVJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    550000 | PA      | $558058.55    | 0.08%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                               | CUSIP: 60528ACC6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1940000.00   | 0.26%             | 2035-11-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $766781.44    | 0.10%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442EDH0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951807.40    | 0.13%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                             | CUSIP: 51265KED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $451697.17    | 0.06%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BKL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $541549.95    | 0.07%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396CU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    375000 | PA      | $372854.85    | 0.05%             | 2037-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT              | Clackamas County Hospital Facility Authority                                    | CUSIP: 179027WP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $615291.31    | 0.08%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AEROTROPOLIS REGL TRANPRTN AUT              | Aerotropolis Regional Transportation Authority                                  | CUSIP: 008051AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968825.70    | 0.13%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LINCOLNWOOD IL TAX INCREMENT A              | Village of Lincolnwood Il                                                       | CUSIP: 53509AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1084979.39   | 0.15%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MATTAWAN MI CONSOL SCH DIST                 | Mattawan Consolidated School District/MI                                        | CUSIP: 577056MP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1498972.50   | 0.20%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE              | Salem Hospital Facility Authority                                               | CUSIP: 794458EV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500612.05    | 0.07%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE HOSP AUTH #2                | Douglas County Hospital Authority No 2                                          | CUSIP: 259230KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.09%             | 2032-08-15      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| ELBERT & HIGHWAY 86 CO COMMERC              | Elbert & Highway 86 Commercial Metropolitan District                            | CUSIP: 28421SAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1327479.81   | 0.18%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERK INDL REGL PUBLIC INFRASTR              | Verk Industrial Regional Public Infrastructure District                         | CUSIP: 92348YAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522384.20   | 0.20%             | 2047-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH CMNTY AUTH BRD               | Sterling Ranch Community Authority Board                                        | CUSIP: 85950NAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $558767.11    | 0.08%             | 2039-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH                         | Atlanta Development Authority/The                                               | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $850262.50    | 0.11%             | 2048-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY SC ASSMNT REVEN              | County of Lancaster SC                                                          | CUSIP: 514088AM5<br>LEI: 5493004EFQNI7UOCFI47 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230066.10    | 0.03%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS PUBLIC FIN AUTH              | Virgin Islands Public Finance Authority                                         | CUSIP: 927677AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976633.30    | 0.13%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LANTERNS MET DIST #3 CO                     | Lanterns Metropolitan District No 3                                             | CUSIP: 51654GAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017868.90   | 0.14%             | 2053-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BRIDGEVILLE DE SPL OBLIG                    | Town of Bridgeville DE                                                          | CUSIP: 108588AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $840835.95    | 0.11%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO              | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2436643.40   | 0.33%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SCENIC TERRACE SOUTH CDD FL SP              | Scenic Terrace South Community Development District                             | CUSIP: 806205AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1462278.76   | 0.20%             | 2042-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOMEWOOD AL EDUCTNL BLDG AUTH               | Homewood Educational Building Authority                                         | CUSIP: 437887HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1479881.40   | 0.20%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UMH8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508871.75   | 0.34%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EPPERSON N CDD FL CAPITAL IMPT              | Epperson North Community Development District                                   | CUSIP: 29429VAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $736894.66    | 0.10%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE HEIGHTS CDD FL SPL ASSESSM              | Heights Community Development District                                          | CUSIP: 88339EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1826254.60   | 0.25%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEES SUMMIT MO INDL DEV AUTH S              | Lees Summit Industrial Development Authority                                    | CUSIP: 524292AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $399727.50    | 0.05%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU              | General Authority of Southcentral Pennsylvania                                  | CUSIP: 84129NMD8<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    960000 | PA      | $784583.62    | 0.11%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396FN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    685000 | PA      | $594805.91    | 0.08%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                              | CUSIP: 735389Q76<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013749.00   | 0.14%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT              | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | CUSIP: 74528LAB7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    250000 | PA      | $276021.95    | 0.04%             | 2042-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BCQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300727.95    | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAWYERS LANDING CDD FL SPL ASS              | Sawyers Landing Community Development District                                  | CUSIP: 805517AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1753772.80   | 0.24%             | 2041-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST #5 CO                      | Canyons Metropolitan District No 5                                              | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1111970.03   | 0.15%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PEAK MET DIST #1 CO                         | Peak Metropolitan District No 1                                                 | CUSIP: 704676AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869898.60    | 0.12%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442EHP8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1004480.48   | 0.14%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SCENIC TERRACE SOUTH CDD FL SP              | Scenic Terrace South Community Development District                             | CUSIP: 806205AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1702555.60   | 0.23%             | 2053-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AUBREY TX SPL ASSMNT                        | City of Aubrey TX                                                               | CUSIP: 050197BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000540.40   | 0.13%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH                           | Finance Authority of Maine                                                      | CUSIP: 56042BCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1542382.05   | 0.21%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS              | Florida Development Finance Corp                                                | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993598.30    | 0.13%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| LAVON TX SPL ASSMT REVENUE                  | City of Lavon TX                                                                | CUSIP: 51946PCE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $376355.72    | 0.05%             | 2052-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WILDBLUE CDD FL SPL ASSMNT                  | Wildblue Community Development District                                         | CUSIP: 96809YAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1075553.75   | 0.14%             | 2039-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH CDD FL SPL ASSM              | Westview South Community Development District                                   | CUSIP: 961566AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1325915.95   | 0.18%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU              | Texas Private Activity Bond Surface Transportation Corp                         | CUSIP: 882667CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1775140.50   | 0.24%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORT LAUDERDALE FL WTR & SWR R              | City of Fort Lauderdale FL Water & Sewer Revenue                                | CUSIP: 347658ZA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1845515.70   | 0.25%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F              | Capital Trust Agency Inc                                                        | CUSIP: 14054CEB1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    525000 | PA      | $381509.00    | 0.05%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                                        | CUSIP: 74442PK95<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1111405.05   | 0.15%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N SUMTER CNTY FL UTILITY DEPEN              | North Sumter County Utility Dependent District                                  | CUSIP: 66272RCH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993373.60   | 0.27%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS BLUFF CDD FL SPL ASSMN              | Cypress Bluff Community Development District                                    | CUSIP: 232677AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $529511.70    | 0.07%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REVENU              | Public Finance Authority                                                        | CUSIP: 74442CDG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1282713.90   | 0.17%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU              | Public Finance Authority                                                        | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2652349.15   | 0.36%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES              | New York State Dormitory Authority                                              | CUSIP: 65000BT65<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    300000 | PA      | $298616.19    | 0.04%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROWLETT TX SPL ASSMNT REVENUE               | City of Rowlett TX                                                              | CUSIP: 779719AL7<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    765000 | PA      | $604900.42    | 0.08%             | 2051-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH               | Kentucky Economic Development Finance Authority                                 | CUSIP: 49126KKD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971211.20    | 0.13%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA ECON DEV AUTH               | Henrico County Economic Development Authority                                   | CUSIP: 42605QFJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $807923.96    | 0.11%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX HOSP DIST CTFS               | Harris County Hospital District                                                 | CUSIP: 41415UCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043120.00   | 0.27%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER NY TOBACCO ASSET S              | Westchester Tobacco Asset Securitization Corp                                   | CUSIP: 957480BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $449880.78    | 0.06%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC              | California County Tobacco Securitization Agency                                 | CUSIP: 13016NCT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $1718600.00   | 0.23%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S              | Mobile County Industrial Development Authority                                  | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4372730.50   | 0.59%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HORACE ND                                   | City of Horace ND                                                               | CUSIP: 440365GV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $416622.18    | 0.06%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL PARK DIST                        | Chicago Park District                                                           | CUSIP: 167615ZX4<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1325065.04   | 0.18%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO INTERNATIONAL BUSINE              | Denver International Business Center Metropolitan District No 1                 | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500511.00    | 0.07%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU              | Montgomery County Industrial Development Authority/PA                           | CUSIP: 613609D60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $893855.60    | 0.12%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BCP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550723.03    | 0.07%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                 | City of New York NY                                                             | CUSIP: 64966QH37<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.24%             | 2049-09-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| BRAINERD MN SENIOR HSG & HLTHC              | City of Brainerd MN                                                             | CUSIP: 10501DAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966215.20    | 0.13%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS              | Indiana Finance Authority                                                       | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1171621.25   | 0.16%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOL WTR MUNI UTILITY DIST TX               | Cool Water Municipal Utility District                                           | CUSIP: 21640ABZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1412037.17   | 0.19%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                            | CUSIP: 742400CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941385.40    | 0.13%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV               | Westchester County Local Development Corp                                       | CUSIP: 95737TEH5<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102450.08    | 0.01%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING VLY CMNTY INFRASTRUCTUR              | Spring Valley Community Infrastructure District No 1                            | CUSIP: 850072AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3988476.80   | 0.54%             | 2053-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                      | CUSIP: 167505SL1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305301.54    | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTON CROSSING MET DIST #6               | Brighton Crossing Metropolitan District No 6                                    | CUSIP: 10933PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $523333.86    | 0.07%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OYSTER BAY NY                               | Town of Oyster Bay NY                                                           | CUSIP: 692160TG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $401445.40    | 0.05%             | 2035-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396FR8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $342071.38    | 0.05%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FTD6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $979501.05    | 0.13%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY              | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3735000 | PA      | $3708779.18   | 0.50%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING A              | Virginia Small Business Financing Authority                                     | CUSIP: 928097AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1863558.40   | 0.25%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1608883.05   | 0.22%             | 2054-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MILLSBORO DE SPL OBLG                       | Town of Millsboro DE                                                            | CUSIP: 601266AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    214000 | PA      | $216036.04    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FBT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1301778.83   | 0.18%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN              | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080SS1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100098.97    | 0.01%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                     | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2111737.40   | 0.28%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I              | Indianapolis Local Public Improvement Bond Bank                                 | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1734564.06   | 0.23%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN               | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542UDV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299210.49    | 0.04%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUBLIC INFRASTRUC              | Mida Cormont Public Infrastructure District                                     | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1628366.40   | 0.22%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                        | Stamford Housing Authority                                                      | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996327.70    | 0.13%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA DEV AUTH REVENU              | Development Authority for Fulton County                                         | CUSIP: 36005FGE9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $1920411.22   | 0.26%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIREFLY PUBLIC INFRASTRUCTURE               | Firefly Public Infrastructure District No 1                                     | CUSIP: 31816AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005504.80   | 0.14%             | 2054-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GEISINGER PA AUTH HLTH SYS REV              | Geisinger Authority                                                             | CUSIP: 368497HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $869597.79    | 0.12%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA              | Harris County Cultural Education Facilities Finance Corp                        | CUSIP: 414009KM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490617.15    | 0.07%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN               | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542UDT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1595454.45   | 0.21%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG                      | City of Baltimore MD                                                            | CUSIP: 05923TCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $184065.92    | 0.02%             | 2030-06-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                          | CUSIP: 65820YSL1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2495000 | PA      | $1958189.77   | 0.26%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IN MF HSG REVENUE                | City of Fort Wayne IN                                                           | CUSIP: 34926RAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239901.35    | 0.03%             | 2032-01-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HGR EDU FACS AUT              | Washington Higher Education Facilities Authority                                | CUSIP: 9397813X6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $766667.91    | 0.10%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BMT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $735583.30    | 0.10%             | 2051-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK DESERT PUB INFRASTRUCTUR              | Black Desert Public Infrastructure District                                     | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1944826.00   | 0.26%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396FL1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    670000 | PA      | $662627.79    | 0.09%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD              | Virginia Beach Development Authority                                            | CUSIP: 92774NAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029202.60   | 0.14%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST              | Tulsa Municipal Airport Trust Trustees/OK                                       | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $828705.68    | 0.11%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JORDANELLE RIDGE PUBLIC INFRA               | Jordanelle Ridge Public Infrastructure District No 2                            | CUSIP: 480790AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049461.40   | 0.28%             | 2054-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60635HZ85<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1028924.59   | 0.14%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T              | Territory of Guam                                                               | CUSIP: 40065NCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250183.70    | 0.03%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION               | Hillsborough County Aviation Authority                                          | CUSIP: 432308W91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517374.25    | 0.07%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY BAY II CDD FL SPL ASSMNT              | Berry Bay II Community Development District                                     | CUSIP: 08577DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467185.85    | 0.06%             | 2044-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RED BRIDGE PUBLIC INFRASTRUCTU              | Red Bridge Public Infrastructure District No 1                                  | CUSIP: 756423AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1114603.80   | 0.15%             | 2051-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                | City of Philadelphia PA Airport Revenue                                         | CUSIP: 717817XU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945742.50    | 0.13%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TANEY CNTY MO INDL DEV AUTH SA              | Taney County Industrial Development Authority                                   | CUSIP: 87539QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1889170.40   | 0.25%             | 2049-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REVENUE               | City of Cleveland OH Airport System Revenue                                     | CUSIP: 186352RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1616783.01   | 0.22%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FJZ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    950000 | PA      | $878288.78    | 0.12%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2205749.46   | 0.30%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RIVINGTON CDD FL SPL ASSMNT RE              | Rivington Community Development District                                        | CUSIP: 769656AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $298841.44    | 0.04%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                             | CUSIP: 51265KBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754471.05    | 0.10%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                         | CUSIP: 0418063B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1996970.40   | 0.27%             | 2056-06-15      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| AVE MARIA FL STEWARDSHIP CMNTY              | Ave Maria Stewardship Community District                                        | CUSIP: 05355AAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1371561.22   | 0.18%             | 2052-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BMS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1440740.88   | 0.19%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RSDL CMNTY DEV               | LTC Ranch West Residential Community Development District                       | CUSIP: 50218SAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $289366.68    | 0.04%             | 2044-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL &               | Shelby County Health & Educational Facilities Board                             | CUSIP: 82170LAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1858224.80   | 0.25%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                  | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    530000 | PA      | $556179.24    | 0.07%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PROSPERITY LAKES CMNTY DEV DIS              | Prosperity Lakes Community Development District                                 | CUSIP: 74363HAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1029132.48   | 0.14%             | 2053-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KYLE TX SPL ASSMNT REVENUE                  | City of Kyle TX                                                                 | CUSIP: 50156CAC4<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $474163.35    | 0.06%             | 2039-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60635H4B2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $1953388.09   | 0.26%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL               | Connecticut State Health & Educational Facilities Authority                     | CUSIP: 20775DYV8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2315870.00   | 0.31%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT              | Utah Charter School Finance Authority                                           | CUSIP: 91754TYL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $624115.46    | 0.08%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI              | Washington State Housing Finance Commission                                     | CUSIP: 93978LHF6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504134.05    | 0.07%             | 2049-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                           | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $300908.91    | 0.04%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                      | CUSIP: 167505XL5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005093.30   | 0.14%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1673352.02   | 0.23%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT CMNT              | Public Finance Authority                                                        | CUSIP: 74446CAD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1330612.79   | 0.18%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE                  | City of Austin TX Airport System Revenue                                        | CUSIP: 052398FU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2036049.81   | 0.27%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RED BARN MET DIST CO                        | Red Barn Metropolitan District                                                  | CUSIP: 75633SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2638903.30   | 0.36%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &              | California Infrastructure & Economic Development Bank                           | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2676512.70   | 0.36%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| HENDERSON NV LOCAL IMPT DISTS               | Henderson Local Improvement Districts                                           | CUSIP: 425208WU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $926044.20    | 0.12%             | 2048-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACK DESERT PUB INFRASTRUCTUR              | Black Desert Public Infrastructure District                                     | CUSIP: 09204PAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1160339.55   | 0.16%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| V-DANA CDD FL SPL ASSMNT                    | V-Dana Community Development District                                           | CUSIP: 91822RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $850296.09    | 0.11%             | 2045-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| W CORNWALL TWP PA MUNI AUTH                 | West Cornwall Township Municipal Authority                                      | CUSIP: 95235TAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $423927.65    | 0.06%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALISADE CO MET DIST #2 LIMITE              | Palisade Metropolitan District No 2                                             | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2315599.75   | 0.31%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CENTER CO MET DIST #              | Jefferson Center Metropolitan District No 1                                     | CUSIP: 47248EAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $507491.84    | 0.07%             | 2040-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO              | Development Authority of Burke County/The                                       | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.40%             | 2052-11-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST                         | West Villages Improvement District                                              | CUSIP: 956454AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1427127.30   | 0.19%             | 2038-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PARRISH LAKES CDD CAPITAL IMPT              | Parrish Lakes Community Development District                                    | CUSIP: 70183FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $910584.60    | 0.12%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL              | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CKA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3653465.97   | 0.49%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396JE3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306330.57    | 0.04%             | 2043-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DALLAS CENTER IA GRIMES CMNTY               | Dallas Center-Grimes Community School District                                  | CUSIP: 234554JG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1329137.92   | 0.18%             | 2039-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV              | County of Miami-Dade Seaport Department                                         | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1886568.90   | 0.25%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JUSTIN TX SPL ASSMNT REVENUE                | City of Justin TX                                                               | CUSIP: 482184AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $351987.84    | 0.05%             | 2041-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FIN CORPM              | Mississippi Business Finance Corp                                               | CUSIP: 60528EAA4<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.40%             | 2052-11-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| FATE TX SPL ASSESSMENT REVENUE              | City of Fate TX                                                                 | CUSIP: 31189RCQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942547.40    | 0.13%             | 2044-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                  | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074343.80   | 0.14%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REVENU              | County of Meade KY                                                              | CUSIP: 583022AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.48%             | 2061-08-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396FB3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1385035.52   | 0.19%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAWNEE CNTY KS PUBLIC BLDG CO              | County of Shawnee KS                                                            | CUSIP: 820561BA5<br>LEI: 5493007F3P7G61QTP515 | Long             | DBT              | MUN               | US        |    175000 | PA      | $197555.30    | 0.03%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE               | Parish of St James LA                                                           | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071766.30   | 0.14%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FAZ7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1399937.84   | 0.19%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN              | State of Hawaii Department of Budget & Finance                                  | CUSIP: 419800PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1400916.15   | 0.19%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT              | Utah Charter School Finance Authority                                           | CUSIP: 91754TPX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1483697.65   | 0.20%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC               | Public Finance Authority                                                        | CUSIP: 74444VAF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     65000 | PA      | $61093.96     | 0.01%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC               | Public Finance Authority                                                        | CUSIP: 74444VBU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    685000 | PA      | $558752.79    | 0.08%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS              | Guam Government Waterworks Authority                                            | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $147636.29    | 0.02%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUT              | Allegheny County Hospital Development Authority                                 | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1775983.86   | 0.24%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU              | Volusia County Educational Facility Authority                                   | CUSIP: 928836NY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3353651.88   | 0.45%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH WI TAX INCREMENT               | Public Finance Authority                                                        | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3028131.74   | 0.41%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROWLETT TX SPL ASSMNT REVENUE               | City of Rowlett TX                                                              | CUSIP: 779719AK9<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    500000 | PA      | $418726.65    | 0.06%             | 2041-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CONNERTON EAST CDD FL SPL ASSM              | Connerton East Community Development District                                   | CUSIP: 208185AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1480865.85   | 0.20%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOWRY CROSSING TX SPL ASSMNT R              | City of Lowry Crossing TX                                                       | CUSIP: 54877WAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    501000 | PA      | $498933.38    | 0.07%             | 2045-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                            | CUSIP: 167593L59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4837858.00   | 0.65%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER CDD FL SP ASSMNT                 | Stillwater Community Development District                                       | CUSIP: 860725AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2063445.04   | 0.28%             | 2041-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NORMANDY CDD FL CAPITAL IMPT R              | Normandy Community Development District                                         | CUSIP: 65618HAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1405547.55   | 0.19%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BGP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010167.90   | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST UNIV COPS                       | Kentucky State University                                                       | CUSIP: 491588AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $216300.83    | 0.03%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT               | City of North Las Vegas NV                                                      | CUSIP: 66041HGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $184204.98    | 0.02%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                        | CUSIP: 57585BBT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1291708.14   | 0.17%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COCO PALMS FL CDD SPL ASSMNT                | Coco Palms Community Development District                                       | CUSIP: 191653AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $488334.81    | 0.07%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MIDA GOLF & EQUESTRIAN CTR PUB              | Mida Golf and Equestrian Center Public Infrastructure District                  | CUSIP: 59561BAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848424.90    | 0.11%             | 2041-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TERRE HAUTE IN MF HSG REVENUE               | City of Terre Haute IN                                                          | CUSIP: 881080AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474553.65    | 0.06%             | 2032-01-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FTB0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    670000 | PA      | $640824.92    | 0.09%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AVIMOR CMNTY INFRASTRUCTURE DI              | Avimor Community Infrastructure District No 1                                   | CUSIP: 05372AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1404830.14   | 0.19%             | 2053-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EDGEWATER EAST CDD FL SPL ASSM              | Edgewater East Community Development District                                   | CUSIP: 280286AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2034013.15   | 0.27%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                      | CUSIP: 167505QP4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2615017.00   | 0.35%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI              | Washington State Housing Finance Commission                                     | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |    936349 | PA      | $880041.62    | 0.12%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| POMPANO BEACH FL REVENUE                    | City of Pompano Beach FL                                                        | CUSIP: 732203BG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $526580.85    | 0.07%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                               | CUSIP: 249182TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1201599.95   | 0.16%             | 2040-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE              | Public Finance Authority                                                        | CUSIP: 744396FM9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    810000 | PA      | $767849.14    | 0.10%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1901727.67   | 0.26%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VENICE FL                                   | City of Venice FL                                                               | CUSIP: 922687AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $665192.36    | 0.09%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                        | CUSIP: 650116HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $158242.87    | 0.02%             | 2049-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3002265 | PA      | $2865611.80   | 0.39%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL MF HSG REVENUE                 | County of Cook IL                                                               | CUSIP: 213226AE3<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1361762.61   | 0.18%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL               | Capital Trust Authority                                                         | CUSIP: 14054WBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233762.25    | 0.03%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAMAR CDD FL SPL ASSMNT                  | Villamar Community Development District                                         | CUSIP: 92715KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186233.15    | 0.03%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVINGTON CDD FL SPL ASSMNT RE              | Rivington Community Development District                                        | CUSIP: 769656AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $727005.51    | 0.10%             | 2031-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W              | Mission Economic Development Corp                                               | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1143092.25   | 0.15%             | 2064-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH              | West Virginia Hospital Finance Authority                                        | CUSIP: 956622W91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1093905.44   | 0.15%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                     | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1752787.75   | 0.24%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH HL              | Lancaster County Hospital Authority/PA                                          | CUSIP: 51404PAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1039460.94   | 0.14%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING              | Suffolk Regional Off-Track Betting Corp                                         | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035042.60   | 0.27%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA              | City of Galveston TX Wharves & Terminal Revenue                                 | CUSIP: 364568JJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256821.13    | 0.03%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EDGEWATER EAST CDD FL SPL ASSM              | Edgewater East Community Development District                                   | CUSIP: 280286AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1371624.74   | 0.18%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FERRIS TX SPL ASSMNT REVENUE                | City of Ferris TX                                                               | CUSIP: 315388AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1577000 | PA      | $1212152.38   | 0.16%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC               | City of Atlanta GA Airport Passenger Facility Charge                            | CUSIP: 04780TDL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957412.40    | 0.13%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                                | CUSIP: 56681NEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1869710.38   | 0.25%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH PARK ISLE CMNTY DEV DIST              | North Park Isle Community Development District                                  | CUSIP: 661416AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1761940.70   | 0.24%             | 2040-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLID               | Bartow County Development Authority                                             | CUSIP: 06964KAB2<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.38%             | 2062-11-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| APPLE VY MN SENIOR HSG REVENUE              | City of Apple Valley MN                                                         | CUSIP: 03800RBK1<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    600000 | PA      | $574209.42    | 0.08%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                            | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $202570.58    | 0.03%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1246219.13   | 0.17%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE              | City of Pilot Point TX                                                          | CUSIP: 721614BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502974.35    | 0.07%             | 2055-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LANGLEY SOUTH CDD FL SPL ASSMN              | Langley South Community Development District                                    | CUSIP: 515816AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1416656.55   | 0.19%             | 2044-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST                         | West Villages Improvement District                                              | CUSIP: 956454CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $950175.47    | 0.13%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE              | County of Denton TX                                                             | CUSIP: 24880GAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $876617.09    | 0.12%             | 2045-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| KENTWOOD MI ECON DEV CORP                   | Kentwood Economic Development Corp                                              | CUSIP: 491740EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1710374.58   | 0.23%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU              | Montgomery County Industrial Development Authority/PA                           | CUSIP: 613609F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1404695.85   | 0.19%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE               | Parish of St James LA                                                           | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1705072.16   | 0.23%             | 2040-12-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                        | CUSIP: 74442EKL3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1090630.48   | 0.15%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60635H3N7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    550000 | PA      | $543179.29    | 0.07%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                                | CUSIP: 56681NAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $875111.30    | 0.12%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                            | CUSIP: 19648FCH5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    325773 | PA      | $5049.49      | 0.00%             | 2032-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BEXLEY CDD FL SPL ASSMNT REVEN              | Bexley Community Development District                                           | CUSIP: 088570AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1814801.80   | 0.24%             | 2047-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                  | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3904483.71   | 0.53%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                     | CUSIP: 592647PC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082516.60   | 0.28%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4866000 | PA      | $4529228.52   | 0.61%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                        | CUSIP: 04052BPM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $353184.76    | 0.05%             | 2034-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEVADA DEPT OF BUSINESS & INDU              | State of Nevada Department of Business & Industry                               | CUSIP: 641454AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $691929.49    | 0.09%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI              | Washington State Housing Finance Commission                                     | CUSIP: 93978LGG5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    710000 | PA      | $610460.70    | 0.08%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST WALLER CNTY MGMT DIST TX               | East Waller County Management District                                          | CUSIP: 275737AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987923.80    | 0.13%             | 2045-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** First Trust Exchange-Traded Fund III

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer