# EDGAR Filing Document

**Accession Number:** 0001426439
**File Stem:** 0000940400-26-011522
**Filing Date:** 2026-3
**Character Count:** 444334
**Document Hash:** 4899b11f382e68269b5b6d6c81bc2d20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011522.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000940400-26-011522

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New York Life Investments Active ETF Trust
- **CENTRAL INDEX KEY:** 0001426439

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22739
- **FILM NUMBER:** 26792937

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-5018

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NYLI MacKay Core Plus Bond ETF
- **DATE OF NAME CHANGE:** 20241203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New York Life Investments Active ETF Trust
- **DATE OF NAME CHANGE:** 20240822

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IndexIQ Active ETF Trust
- **DATE OF NAME CHANGE:** 20080207

## Series and Classes Contracts Data

### NYLI MacKay Muni Intermediate ETF (Series ID: S000057661)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000184311 | NYLI MacKay Muni Intermediate ETF | MMIT            |

## Nport-Ex

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds — 99.9%** |  |  |
| FHLMC Multifamily VRD Certificates, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series ML-2 Insured: FHLMC COLL |  |  |
| &nbsp;&nbsp;&nbsp;4.530%, due 8/25/41<sup>(a)(b)</sup> | $3077771 | $3156132 |
| **Alabama — 6.3%** |  |  |
| Alabama Federal Aid Highway Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/36 | 750000 | 878026 |
| Alabama Housing Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series D Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.750%, due 10/1/55 | 990000 | 1089829 |
| Alabama Special Care Facilities Financing Authority-Birmingham AL, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.250%, due 6/1/44 | 1300000 | 1418647 |
| Black Belt Energy Gas District, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.630%, (Municipal Swap Index + 0.35%), due 10/1/52<sup>(b)</sup> | 1630000 | 1617219 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;5.250%, due 5/1/55<sup>(a)(b)</sup> | 1495000 | 1612803 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 10/1/52<sup>(a)(b)</sup> | 9065000 | 9164324 |
| &nbsp;&nbsp;5.000%, due 12/1/34 | 4500000 | 4891851 |
| &nbsp;&nbsp;5.000%, due 10/1/35 | 6700000 | 6986038 |
| &nbsp;&nbsp;&nbsp;5.250%, due 12/1/53<sup>(a)(b)</sup> | 3000000 | 3234695 |
| &nbsp;&nbsp;Series B-2 |  |  |
| &nbsp;&nbsp;&nbsp;2.930%, (Municipal Swap Index + 0.65%), due 4/1/53<sup>(b)</sup> | 900000 | 890035 |
| &nbsp;&nbsp;Series C-1 |  |  |
| &nbsp;&nbsp;5.250%, due 6/1/26 | 1800000 | 1812335 |
| &nbsp;&nbsp;&nbsp;5.250%, due 2/1/53<sup>(a)(b)</sup> | 4000000 | 4217050 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 12/1/55<sup>(a)(b)</sup> | 1380000 | 1479788 |
| &nbsp;&nbsp;Series F |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/35 | 6500000 | 7015436 |
| &nbsp;&nbsp;&nbsp;5.500%, due 11/1/53<sup>(a)(b)</sup> | 1000000 | 1057226 |
| City of Gadsden AL, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/39 | 625000 | 708351 |
| &nbsp;&nbsp;5.000%, due 10/1/44 | 675000 | 728339 |
| Energy Southeast A Cooperative District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A-1 |  |  |
| &nbsp;&nbsp;&nbsp;5.500%, due 11/1/53<sup>(a)(b)</sup> | 2000000 | 2181424 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/33 | 6000000 | 6329992 |
| Industrial Development Board of the City of Mobile Alabama, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;3.375%, due 6/1/34<sup>(a)(b)</sup> | 2000000 | 2035069 |
| Southeast Alabama Gas Supply District (The), Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 8/1/54<sup>(a)(b)</sup> | 2000000 | 2144363 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Alabama (continued)** |  |  |
| Southeast Energy Authority A Cooperative District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;&nbsp;5.500%, due 1/1/53<sup>(a)(b)</sup> | $3000000 | $3207662 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/32 | 1000000 | 1069158 |
| &nbsp;&nbsp;5.000%, due 6/1/34 | 1000000 | 1070896 |
| &nbsp;&nbsp;5.000%, due 11/1/35 | 6250000 | 6653414 |
| &nbsp;&nbsp;&nbsp;5.000%, due 1/1/56<sup>(a)(b)</sup> | 1300000 | 1353372 |
| &nbsp;&nbsp;Series B-1 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 5/1/53<sup>(a)(b)</sup> | 1000000 | 1041319 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 5/1/55<sup>(a)(b)</sup> | 6115000 | 6538393 |
| &nbsp;&nbsp;&nbsp;5.000%, due 10/1/55<sup>(a)(b)</sup> | 3130000 | 3377582 |
|  |  | 85804636 |
| **Arizona — 2.0%** |  |  |
| Arizona Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 1/1/42<sup>(a)(b)</sup> | 2500000 | 2541152 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/31 | 550000 | 579881 |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/31 | 300000 | 320586 |
| &nbsp;&nbsp;5.000%, due 6/1/32 | 325000 | 346015 |
| &nbsp;&nbsp;Series A Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 10/1/44<sup>(a)(b)</sup> | 1000000 | 1001817 |
| City of Glendale AZ Water & Sewer Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/39 | 675000 | 778102 |
| &nbsp;&nbsp;5.000%, due 7/1/40 | 550000 | 627285 |
| City of Goodyear AZ Water & Sewer Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/44 | 2000000 | 2148372 |
| City of Mesa AZ, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/43 | 1895000 | 2091260 |
| City of Phoenix Civic Improvement Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/45 | 1500000 | 1610182 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.100%, due 2/1/59<sup>(a)(b)</sup> | 1000000 | 1006007 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 10/31/44 | 8000000 | 8428550 |
| Maricopa County & Phoenix Industrial Development Authorities, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 3/1/55 | 955000 | 1073962 |
| Maricopa County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: SD CRED PROG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/37 | 300000 | 304852 |
| &nbsp;&nbsp;Series 2019F |  |  |
| &nbsp;&nbsp;4.000%, due 1/1/45 | 1000000 | 918125 |
| Maricopa County Pollution Control Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;3.600%, due 4/1/40 | 1000000 | 950521 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Arizona (continued)** |  |  |
| Tempe Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;3.500%, due 12/1/30 | $1000000 | $1003948 |
| Tucson Industrial Development Authority/Pima County Industrial Development Auth, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;5.500%, due 1/1/56 | 1000000 | 1098841 |
|  |  | 26829458 |
| **Arkansas — 0.6%** |  |  |
| Arkansas Development Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.500%, due 1/1/56 | 1000000 | 1096665 |
| Bentonville School District No 6, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series D Insured: ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;2.000%, due 6/1/35 | 1000000 | 872250 |
| City of Conway AR Telecommunications Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/37 | 335000 | 364444 |
| &nbsp;&nbsp;5.000%, due 12/1/38 | 300000 | 325028 |
| &nbsp;&nbsp;5.000%, due 12/1/39 | 350000 | 377050 |
| &nbsp;&nbsp;5.000%, due 12/1/40 | 300000 | 320582 |
| City of Magnolia AR Sales & Use Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: BAM |  |  |
| &nbsp;&nbsp;4.000%, due 4/1/55 | 2150000 | 2157515 |
| City of West Memphis AR Public Utility System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/30 | 390000 | 425512 |
| &nbsp;&nbsp;5.000%, due 12/1/31 | 410000 | 452553 |
| &nbsp;&nbsp;5.000%, due 12/1/32 | 430000 | 478780 |
| Little Rock School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;2.000%, due 2/1/36 | 1000000 | 844315 |
| University of Central Arkansas, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/34 | 400000 | 401986 |
|  |  | 8116680 |
| **California — 7.1%** |  |  |
| Antelope Valley-East Kern Water Agency Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 4/1/55<sup>(a)(b)</sup> | 17000000 | 17511741 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **California (continued)** |  |  |
| California Community Choice Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.250%, due 1/1/54<sup>(a)(b)</sup> | $5185000 | $5516744 |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;3.902%, (SOFR + 1.45%), due 4/1/56<sup>(b)</sup> | 2680000 | 2680344 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 3/1/56<sup>(a)(b)</sup> | 1750000 | 1911190 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 8/1/55<sup>(a)(b)</sup> | 4090000 | 4335757 |
| &nbsp;&nbsp;Series G |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/1/55<sup>(a)(b)</sup> | 3750000 | 3949796 |
| California Enterprise Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 8/1/40 | 695000 | 699215 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;3.500%, due 8/1/40 | 500000 | 489519 |
| California Health Facilities Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/49 | 250000 | 250561 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/35 | 1250000 | 1428295 |
| California Infrastructure & Economic Development Bank, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/40 | 2030000 | 2174437 |
| California Municipal Finance Authority, Certificates of Participation |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/28 | 250000 | 260542 |
| &nbsp;&nbsp;5.000%, due 11/1/29 | 125000 | 131613 |
| &nbsp;&nbsp;5.000%, due 11/1/30 | 410000 | 434571 |
| &nbsp;&nbsp;5.000%, due 11/1/32 | 225000 | 240119 |
| &nbsp;&nbsp;5.000%, due 11/1/33 | 1175000 | 1248470 |
| California Municipal Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 5/15/31 | 400000 | 421926 |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 8/1/59<sup>(a)(b)</sup> | 4000000 | 4021888 |
| &nbsp;&nbsp;&nbsp;3.537%, due 2/20/41<sup>(a)(b)</sup> | 2978298 | 2815320 |
| &nbsp;&nbsp;&nbsp;4.326%, due 11/20/40<sup>(a)(b)</sup> | 1646723 | 1645930 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/33 | 260000 | 283879 |
| &nbsp;&nbsp;5.000%, due 12/1/34 | 290000 | 317539 |
| &nbsp;&nbsp;5.000%, due 12/1/35 | 320000 | 349736 |
| California State Public Works Board, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/41 | 4500000 | 5212982 |
| California Statewide Communities Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;1.750%, due 9/1/29 | 1000000 | 947292 |
| &nbsp;&nbsp;Series H Insured: FNMA COLL |  |  |
| &nbsp;&nbsp;&nbsp;4.250%, due 9/1/67<sup>(a)(b)</sup> | 1000000 | 1049005 |
| City of Long Beach CA Airport System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/29 | 150000 | 164444 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **California (continued)** |  |  |
| City of San Mateo CA, Special Tax |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.250%, due 9/1/35 | $1000000 | $1138874 |
| Kelseyville Unified School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: AG |  |  |
| &nbsp;&nbsp;&nbsp;3.450%, due 8/1/31<sup>(c)</sup> | 150000 | 124241 |
| &nbsp;&nbsp;&nbsp;3.730%, due 8/1/33<sup>(c)</sup> | 35000 | 26527 |
| Los Angeles Department of Water & Power, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/37 | 995000 | 1089223 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/29 | 525000 | 571348 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/35 | 500000 | 589261 |
| &nbsp;&nbsp;5.250%, due 7/1/37 | 175000 | 178476 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/29 | 250000 | 272071 |
| &nbsp;&nbsp;5.000%, due 7/1/30 | 1200000 | 1318807 |
| &nbsp;&nbsp;5.000%, due 7/1/35 | 920000 | 1060884 |
| &nbsp;&nbsp;5.000%, due 7/1/36 | 500000 | 571953 |
| &nbsp;&nbsp;5.000%, due 7/1/36 | 630000 | 670842 |
| &nbsp;&nbsp;5.000%, due 7/1/42 | 1000000 | 1089170 |
| &nbsp;&nbsp;5.000%, due 7/1/42 | 1750000 | 1930874 |
| &nbsp;&nbsp;5.000%, due 7/1/45 | 1750000 | 1877271 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/36 | 110000 | 117131 |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/29 | 515000 | 560466 |
| &nbsp;&nbsp;5.000%, due 7/1/33 | 2250000 | 2607177 |
| Los Angeles Department of Water & Power Water System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/35 | 1300000 | 1532078 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/40 | 1500000 | 1699590 |
| &nbsp;&nbsp;5.000%, due 7/1/41 | 165000 | 179082 |
| &nbsp;&nbsp;Series C Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/42 | 1000000 | 1107550 |
| San Joaquin Valley Clean Energy Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;5.500%, due 1/1/56<sup>(a)(b)</sup> | 1000000 | 1124117 |
| San Mateo County Transit District Sales Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;1.150%, due 6/1/49<sup>(a)(b)</sup> | 4260000 | 4260000 |
| Southern California Public Power Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/26 | 725000 | 732895 |
| &nbsp;&nbsp;5.000%, due 7/1/29 | 1350000 | 1469181 |
| &nbsp;&nbsp;5.000%, due 7/1/38 | 585000 | 654910 |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/29 | 310000 | 337368 |
| &nbsp;&nbsp;Series 1 Insured: BAM |  |  |
| &nbsp;&nbsp;5.250%, due 7/1/42 | 1320000 | 1493690 |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 7/1/53<sup>(a)(b)</sup> | 5000000 | 5308094 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/31 | 420000 | 474687 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **California (continued)** |  |  |
| State of California, General Obligation Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 9/1/32 | $500000 | $503734 |
|  |  | 97164427 |
| **Colorado — 2.1%** |  |  |
| Arapahoe County School District No 5 Cherry Creek, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;2.000%, due 12/15/26 | 500000 | 497141 |
| Baseline Metropolitan District No 1, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/31 | 1000000 | 1114023 |
| City & County of Denver CO Pledged Excise Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 8/1/44 | 1000000 | 1005439 |
| City of Colorado Springs CO Utilities System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/40 | 1000000 | 1142859 |
| Colorado Educational & Cultural Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: MORAL OBLG |  |  |
| &nbsp;&nbsp;4.250%, due 12/1/35 | 500000 | 509076 |
| &nbsp;&nbsp;5.250%, due 12/1/45 | 800000 | 814901 |
| Colorado Health Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 11/15/43 | 2000000 | 1883978 |
| &nbsp;&nbsp;5.250%, due 11/1/34 | 1000000 | 1141255 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 8/1/44 | 250000 | 228953 |
| &nbsp;&nbsp;5.000%, due 9/1/35 | 1500000 | 1734227 |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/15/59<sup>(a)(b)</sup> | 1000000 | 1089642 |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/15/60<sup>(a)(b)</sup> | 1500000 | 1653805 |
| &nbsp;&nbsp;Series A-1 Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 8/1/35 | 105000 | 111916 |
| Colorado Housing and Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series E2 |  |  |
| &nbsp;&nbsp;3.350%, due 10/1/29 | 1000000 | 1018976 |
| &nbsp;&nbsp;Series K Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;3.875%, due 5/1/50 | 325000 | 327172 |
| Denver City & County School District No 1, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;5.500%, due 12/1/47 | 1760000 | 1937879 |
| E-470 Public Highway Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/40 | 1000000 | 1119603 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;3.216%, (SOFR + 0.75%), due 9/1/39<sup>(b)</sup> | 1040000 | 1038355 |
| Fort Collins-Loveland Water District, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/39 | 1300000 | 1496383 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Colorado (continued)** |  |  |
| Gold Hill Mesa Metropolitan District No 2, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/28 | $145000 | $153091 |
| &nbsp;&nbsp;5.000%, due 12/1/29 | 145000 | 155774 |
| &nbsp;&nbsp;5.250%, due 12/1/37 | 200000 | 222140 |
| Grand River Hospital District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 12/1/37 | 425000 | 443740 |
| Metropolitan State University of Denver, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: ST INTERCEPT |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/41 | 945000 | 1039087 |
| Prairie Center Metropolitan District No 3, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.875%, due 12/15/46 | 2125000 | 2223324 |
| Public Authority for Colorado Energy, Revenue Bonds |  |  |
| &nbsp;&nbsp;6.500%, due 11/15/38 | 1990000 | 2425584 |
| Town of Castle Rock CO, Certificates of Participation |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/41 | 1670000 | 1839333 |
| Weld County School District No 6 Greeley, Certificates of Participation |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/39 | 250000 | 266358 |
| &nbsp;&nbsp;5.250%, due 12/1/41 | 285000 | 303616 |
| &nbsp;&nbsp;5.250%, due 12/1/44 | 325000 | 339560 |
|  |  | 29277190 |
| **Connecticut — 1.5%** |  |  |
| City of Bridgeport CT, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/33 | 600000 | 622686 |
| City of New Britain CT, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 9/1/30 | 600000 | 642242 |
| City of West Haven CT, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;4.000%, due 9/15/27 | 240000 | 245125 |
| Connecticut State Health & Educational Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/41 | 3000000 | 3334446 |
| &nbsp;&nbsp;5.000%, due 7/1/42 | 1415000 | 1552493 |
| &nbsp;&nbsp;Series AG Insured: AG-CR |  |  |
| &nbsp;&nbsp;2.125%, due 7/1/31 | 2000000 | 1882328 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/35 | 1355000 | 1551394 |
| &nbsp;&nbsp;&nbsp;5.000%, due 7/1/49<sup>(a)(b)</sup> | 1300000 | 1400042 |
| State of Connecticut, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 4/15/38 | 5500000 | 5725468 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Connecticut (continued)** |  |  |
| State of Connecticut Special Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 5/1/39 | $1500000 | $1546677 |
| &nbsp;&nbsp;5.250%, due 7/1/40 | 1000000 | 1123397 |
| Town of Hamden CT, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 8/15/32 | 350000 | 400757 |
|  |  | 20027055 |
| **Delaware — 0.7%** |  |  |
| Delaware State Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 10/1/45<sup>(a)(b)</sup> | 2035000 | 2071828 |
| Delaware State Health Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.250%, due 10/1/51 | 1500000 | 1575943 |
| Delaware State Housing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.750%, due 1/1/55 | 1040000 | 1139109 |
| &nbsp;&nbsp;5.750%, due 1/1/56 | 990000 | 1093584 |
| &nbsp;&nbsp;Series B Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.000%, due 1/1/56 | 1100000 | 1232664 |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.000%, due 1/1/56 | 1250000 | 1393673 |
| &nbsp;&nbsp;Series D Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.500%, due 7/1/55 | 1160000 | 1265228 |
| Town of Bridgeville DE, Special Tax |  |  |
| &nbsp;&nbsp;5.250%, due 7/1/44 | 550000 | 552814 |
|  |  | 10324843 |
| **District of Columbia — 0.7%** |  |  |
| District of Columbia Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 10/1/41<sup>(a)(b)</sup> | 2000000 | 2007413 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.950%, due 9/1/28 | 4500000 | 4508739 |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;6.500%, due 10/1/44<sup>(a)</sup> | 3000000 | 3192247 |
|  |  | 9708399 |
| **Florida — 1.7%** |  |  |
| Capital Trust Agency, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.350%, due 7/1/29 | 845000 | 846367 |
| City of Lauderhill FL Water & Sewer Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/48 | 1000000 | 1044232 |
| City of Miami Beach FL, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/45 | 1000000 | 1000968 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Florida (continued)** |  |  |
| City of Orlando FL, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/38 | $2600000 | $2949177 |
| &nbsp;&nbsp;5.000%, due 11/1/39 | 1115000 | 1255172 |
| County of Okeechobee FL, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;3.800%, due 7/1/39<sup>(a)(b)</sup> | 1000000 | 1021912 |
| County of Pasco FL, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 9/1/29 | 1000000 | 1089982 |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 9/1/28 | 1000000 | 1065659 |
| Florida Housing Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series Z |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 7/1/43<sup>(a)(b)</sup> | 800000 | 804432 |
| Fort Pierce Utilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/31 | 400000 | 447129 |
| Hillsborough County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/34 | 1290000 | 1503560 |
| JEA Water & Sewer System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.250%, due 10/1/49 | 1000000 | 1070688 |
| Julington Creek Plantation Community Development District, Special Assessment |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.500%, due 5/1/43 | 1250000 | 1354717 |
| Miami-Dade County Housing Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: FNMA COLL HUD SECT 8 |  |  |
| &nbsp;&nbsp;4.880%, due 3/1/46 | 1000000 | 1003522 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 8/1/29<sup>(a)(b)</sup> | 680000 | 684235 |
| &nbsp;&nbsp;Series B Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;3.550%, due 3/1/29<sup>(a)(b)</sup> | 1000000 | 1016527 |
| Palm Beach County Housing Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.800%, due 2/1/27<sup>(a)(b)</sup> | 1000000 | 1000000 |
| Pinellas County Housing Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: FHLMC COLL |  |  |
| &nbsp;&nbsp;4.700%, due 10/1/43 | 2080000 | 2122897 |
| Tampa Bay Water, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/49 | 750000 | 786854 |
| Tradition Community Development District No 9, Special Assessment |  |  |
| &nbsp;&nbsp;3.000%, due 5/1/41 | 1420000 | 1173717 |
|  |  | 23241747 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Georgia — 4.8%** |  |  |
| Atlanta Urban Residential Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: FHA 221(D4) GNMA COLL |  |  |
| &nbsp;&nbsp;&nbsp;3.200%, due 2/1/30<sup>(a)(b)</sup> | $5000000 | $5037541 |
| &nbsp;&nbsp;Insured: FHA 221(D4) HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;3.450%, due 2/1/29<sup>(a)(b)</sup> | 3000000 | 3031446 |
| City of Atlanta GA Airport Passenger Facility Charge, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/41 | 1250000 | 1366366 |
| City of Atlanta GA Water & Wastewater Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/40 | 2500000 | 2507144 |
| County of DeKalb GA Water & Sewerage Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/41 | 1415000 | 1597237 |
| Development Authority of Burke County (The), Revenue Bonds |  |  |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;&nbsp;3.600%, due 11/1/45<sup>(a)(b)</sup> | 3015000 | 3100529 |
| George L Smith II Congress Center Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 1/1/36 | 1000000 | 1009436 |
| Georgia Housing & Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series G Insured: GNMA/FNMA COLL |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/45 | 2000000 | 2138431 |
| Macon-Bibb County Housing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 2/1/29<sup>(a)(b)</sup> | 3500000 | 3512834 |
| Main Street Energy, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/33 | 6000000 | 6475504 |
| Main Street Natural Gas, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;4.165%, (SOFR + 1.70%), due 12/1/53<sup>(b)</sup> | 5000000 | 5190088 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 7/1/52<sup>(a)(b)</sup> | 1500000 | 1523757 |
| &nbsp;&nbsp;&nbsp;5.000%, due 6/1/53<sup>(a)(b)</sup> | 1960000 | 2080788 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 12/1/52<sup>(a)(b)</sup> | 6735000 | 7060956 |
| &nbsp;&nbsp;&nbsp;5.000%, due 7/1/53<sup>(a)(b)</sup> | 1250000 | 1323542 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 5/1/52<sup>(a)(b)</sup> | 1000000 | 1018900 |
| &nbsp;&nbsp;5.000%, due 12/1/31 | 1040000 | 1123030 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 4/1/54<sup>(a)(b)</sup> | 1750000 | 1875099 |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 5/1/55<sup>(a)(b)</sup> | 7230000 | 7786954 |
| Municipal Electric Authority of Georgia, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/39 | 3500000 | 3609335 |
| Private Colleges & Universities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 4/1/39 | 450000 | 455369 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Georgia (continued)** |  |  |
| Savannah Georgia Convention Center Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/36 | $475000 | $543294 |
| &nbsp;&nbsp;5.000%, due 6/1/38 | 525000 | 590423 |
| &nbsp;&nbsp;5.000%, due 6/1/40 | 600000 | 664652 |
| Walton County Water & Sewer Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.250%, due 2/1/40 | 450000 | 503640 |
| &nbsp;&nbsp;5.250%, due 2/1/41 | 400000 | 443399 |
| &nbsp;&nbsp;5.250%, due 2/1/42 | 350000 | 384596 |
| &nbsp;&nbsp;5.250%, due 2/1/43 | 425000 | 462545 |
|  |  | 66416835 |
| **Guam — 0.4%** |  |  |
| Antonio B Won Pat International Airport Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/35 | 150000 | 167076 |
| Guam Power Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/34 | 600000 | 661408 |
| &nbsp;&nbsp;5.000%, due 10/1/40 | 1000000 | 1014630 |
| Territory of Guam, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series G |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/31 | 1500000 | 1638334 |
| &nbsp;&nbsp;5.250%, due 1/1/37 | 2000000 | 2226986 |
|  |  | 5708434 |
| **Hawaii — 0.3%** |  |  |
| City & County Honolulu HI Wastewater System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/36 | 1000000 | 1008685 |
| State of Hawaii, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series FW |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/39 | 1095000 | 1153882 |
| State of Hawaii Airports System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/49 | 1500000 | 1590738 |
|  |  | 3753305 |
| **Illinois — 8.4%** |  |  |
| Chicago Board of Education, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/28 | 1000000 | 1052182 |
| Chicago Board of Education Dedicated Capital Improvement Tax, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 4/1/34 | 1370000 | 1393515 |
| &nbsp;&nbsp;5.250%, due 4/1/39 | 1000000 | 1083689 |
| &nbsp;&nbsp;5.250%, due 4/1/40 | 1720000 | 1852403 |
| &nbsp;&nbsp;5.500%, due 4/1/43 | 1500000 | 1597525 |
| &nbsp;&nbsp;6.000%, due 4/1/46 | 8500000 | 8614264 |
| Chicago Midway International Airport, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/40 | 1450000 | 1619761 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Illinois (continued)** |  |  |
| Chicago O'Hare International Airport, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/37 | $1335000 | $1479327 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/39 | 2700000 | 2810949 |
| &nbsp;&nbsp;5.000%, due 1/1/40 | 5000000 | 5597596 |
| &nbsp;&nbsp;5.000%, due 1/1/48 | 1500000 | 1552726 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/41 | 3000000 | 3357256 |
| Chicago Transit Authority Sales Tax Receipts Fund, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/49 | 11000000 | 11323389 |
| City of Chicago IL, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: NATL |  |  |
| &nbsp;&nbsp;&nbsp;2.750%, due 1/1/27<sup>(c)</sup> | 515000 | 502254 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/32 | 1500000 | 1586775 |
| &nbsp;&nbsp;5.500%, due 1/1/40 | 1000000 | 1059837 |
| City of Joliet IL, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 12/15/38 | 1000000 | 1096984 |
| &nbsp;&nbsp;5.250%, due 12/15/39 | 1000000 | 1105842 |
| &nbsp;&nbsp;5.250%, due 12/15/40 | 1000000 | 1098132 |
| City of Springfield IL Electric Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;3.000%, due 3/1/38 | 2100000 | 1984326 |
| &nbsp;&nbsp;5.000%, due 3/1/32 | 8340000 | 9363260 |
| Illinois Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.705%, (SOFR + 1.15%), due 11/1/34<sup>(b)</sup> | 4835000 | 4849297 |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;3.650%, due 5/1/31 | 1000000 | 1003775 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 10/1/38 | 1540000 | 1540452 |
| &nbsp;&nbsp;4.250%, due 7/1/41 | 1500000 | 1537474 |
| &nbsp;&nbsp;5.000%, due 8/15/30 | 1300000 | 1438142 |
| &nbsp;&nbsp;5.000%, due 7/1/42 | 500000 | 555164 |
| &nbsp;&nbsp;5.000%, due 7/1/43 | 1000000 | 1095815 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;4.000%, due 8/15/41 | 1000000 | 968333 |
| Illinois Housing Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.800%, due 8/1/28<sup>(a)(b)</sup> | 3000000 | 3000000 |
| &nbsp;&nbsp;&nbsp;3.450%, due 12/1/67<sup>(a)(b)</sup> | 3000000 | 3008755 |
| &nbsp;&nbsp;Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 2/1/29<sup>(a)(b)</sup> | 2000000 | 2016688 |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;4.375%, due 10/1/41 | 515000 | 530731 |
| &nbsp;&nbsp;Series B Insured: GNMA FNMA FHLMC COLL |  |  |
| &nbsp;&nbsp;3.000%, due 4/1/51 | 805000 | 796950 |
| &nbsp;&nbsp;Series I Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.000%, due 10/1/55 | 980000 | 1099164 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Illinois (continued)** |  |  |
| Illinois State Toll Highway Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/40 | $1500000 | $1501808 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/38 | 2130000 | 2133037 |
| &nbsp;&nbsp;5.000%, due 1/1/39 | 1650000 | 1652211 |
| Madison-Macoupin Etc Counties Community College District No 536, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/32 | 320000 | 325112 |
| Metropolitan Pier & Exposition Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 12/15/42 | 650000 | 631828 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 12/15/28 | 1500000 | 1557468 |
| Metropolitan Water Reclamation District of Greater Chicago, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/41 | 1000000 | 1007314 |
| Rock Island & Mercer Counties Community Unit School District No 300, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/38 | 805000 | 903151 |
| &nbsp;&nbsp;5.000%, due 12/1/41 | 1025000 | 1129461 |
| &nbsp;&nbsp;5.000%, due 12/1/44 | 425000 | 452614 |
| &nbsp;&nbsp;5.000%, due 12/1/45 | 555000 | 585628 |
| &nbsp;&nbsp;5.000%, due 12/1/46 | 1790000 | 1870554 |
| Sales Tax Securitization Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 1/1/38 | 1800000 | 1809968 |
| &nbsp;&nbsp;5.000%, due 1/1/29 | 500000 | 532905 |
| &nbsp;&nbsp;5.000%, due 1/1/42 | 3000000 | 3223174 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.500%, due 1/1/36 | 1500000 | 1589293 |
| Southwestern Illinois Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: BAM |  |  |
| &nbsp;&nbsp;5.500%, due 4/1/44 | 2000000 | 2184361 |
| State of Illinois, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 3/1/29 | 1470000 | 1574152 |
| &nbsp;&nbsp;5.000%, due 3/1/30 | 1000000 | 1091679 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/28 | 1000000 | 1040134 |
| Village of Matteson IL, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/29 | 465000 | 489584 |
| Village of Rantoul IL, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/41 | 1045000 | 1136619 |
| &nbsp;&nbsp;5.000%, due 1/1/46 | 500000 | 515034 |
| Will County School District No 114 Manhattan, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/36 | 445000 | 501344 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Illinois (continued)** |  |  |
| &nbsp;&nbsp;5.250%, due 1/1/39 | $555000 | $625847 |
|  |  | 114637012 |
| **Indiana — 2.7%** |  |  |
| Avon Community School Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: ST INTERCEPT |  |  |
| &nbsp;&nbsp;5.250%, due 7/15/38 | 1000000 | 1127522 |
| Brownsburg 1999 School Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: ST INTERCEPT |  |  |
| &nbsp;&nbsp;5.500%, due 7/15/41 | 5730000 | 6241478 |
| Greater Clark Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: ST INTERCEPT |  |  |
| &nbsp;&nbsp;6.000%, due 7/15/34 | 1000000 | 1184739 |
| Indiana Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 4 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 10/1/57<sup>(a)(b)</sup> | 2220000 | 2534765 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.000%, due 11/1/30 | 1650000 | 1631569 |
| &nbsp;&nbsp;Series A1 |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/42 | 3250000 | 3540003 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;3.000%, due 11/1/30 | 5600000 | 5522890 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;&nbsp;1.900%, due 11/1/39<sup>(a)(b)</sup> | 2500000 | 2500000 |
| Indiana Housing & Community Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/44 | 310000 | 325631 |
| Indiana Municipal Power Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/43 | 1225000 | 1327763 |
| Indianapolis Local Public Improvement Bond Bank, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/40 | 1500000 | 1660685 |
| &nbsp;&nbsp;Series B1 |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/38 | 475000 | 541929 |
| &nbsp;&nbsp;5.000%, due 1/1/42 | 500000 | 546536 |
| Terre Haute Sanitary District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/39 | 1000000 | 1084563 |
| &nbsp;&nbsp;5.000%, due 7/1/40 | 1910000 | 2050248 |
| &nbsp;&nbsp;5.000%, due 7/1/43 | 1470000 | 1541162 |
| Tri-Creek 2002 High School Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: ST INTERCEPT |  |  |
| &nbsp;&nbsp;5.500%, due 7/15/43 | 1000000 | 1100732 |
| Westfield-Washington Multi-School Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: BAM ST AID INTERCEPT |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/41 | 1900000 | 2078397 |
|  |  | 36540612 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Iowa — 1.2%** |  |  |
| City of Des Moines IA, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series F |  |  |
| &nbsp;&nbsp;2.000%, due 6/1/35 | $2020000 | $1750062 |
| &nbsp;&nbsp;2.000%, due 6/1/36 | 2060000 | 1735056 |
| Hampton-Dumont Community School District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;6.000%, due 6/1/29 | 965000 | 1027682 |
| Iowa Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.500%, due 12/1/45 | 1690000 | 1751657 |
| &nbsp;&nbsp;Series G Insured: GNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 7/1/54 | 980000 | 1087800 |
| Iowa Higher Education Loan Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/34 | 300000 | 319789 |
| &nbsp;&nbsp;5.000%, due 10/1/35 | 360000 | 381837 |
| &nbsp;&nbsp;5.000%, due 10/1/36 | 365000 | 385232 |
| Jesup Community School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/27 | 490000 | 505301 |
| State of Iowa Board of Regents, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 9/1/41 | 3297000 | 3353391 |
| &nbsp;&nbsp;4.125%, due 9/1/42 | 1230000 | 1247313 |
| &nbsp;&nbsp;4.250%, due 9/1/43 | 1000000 | 1012650 |
| &nbsp;&nbsp;4.250%, due 9/1/44 | 1485000 | 1488412 |
| &nbsp;&nbsp;4.375%, due 9/1/45 | 1000000 | 1001423 |
|  |  | 17047605 |
| **Kansas — 0.5%** |  |  |
| City of Manhattan KS, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/41 | 1555000 | 1699334 |
| Douglas County Unified School District No 497 Lawrence, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;3.625%, due 9/1/37 | 3410000 | 3420280 |
| Kansas Development Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 6/1/43<sup>(a)(b)</sup> | 1305000 | 1328991 |
|  |  | 6448605 |
| **Kentucky — 3.0%** |  |  |
| City of Ashland KY, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 2/1/40 | 500000 | 500392 |
| Kentucky Bond Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 8/15/55<sup>(a)(b)</sup> | 2050000 | 2346125 |
| Kentucky Economic Development Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/45 | 1000000 | 1000301 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Kentucky (continued)** |  |  |
| Kentucky Housing Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 5/1/30<sup>(a)(b)</sup> | $1500000 | $1507475 |
| Kentucky Municipal Energy Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/38 | 1000000 | 1110950 |
| &nbsp;&nbsp;5.000%, due 1/1/41 | 1000000 | 1076796 |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/45 | 915000 | 952472 |
| Kentucky Municipal Power Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: NATL |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/42 | 810000 | 810435 |
| Kentucky Public Energy Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 12/1/50<sup>(a)(b)</sup> | 5000000 | 5038734 |
| &nbsp;&nbsp;&nbsp;5.000%, due 5/1/55<sup>(a)(b)</sup> | 2000000 | 2118685 |
| &nbsp;&nbsp;&nbsp;5.250%, due 6/1/55<sup>(a)(b)</sup> | 5000000 | 5320313 |
| &nbsp;&nbsp;Series A-1 |  |  |
| &nbsp;&nbsp;&nbsp;5.250%, due 4/1/54<sup>(a)(b)</sup> | 2500000 | 2701878 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/33 | 5000000 | 5240395 |
| &nbsp;&nbsp;&nbsp;5.000%, due 1/1/55<sup>(a)(b)</sup> | 7430000 | 8004829 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 2/1/50<sup>(a)(b)</sup> | 2325000 | 2361279 |
| Louisville/Jefferson County Metropolitan Government, Revenue Bonds |  |  |
| &nbsp;&nbsp;2.000%, due 10/1/33 | 1000000 | 884303 |
| &nbsp;&nbsp;5.000%, due 10/1/32 | 500000 | 506628 |
|  |  | 41481990 |
| **Louisiana — 1.0%** |  |  |
| City of Lafayette LA Utilities Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/38 | 550000 | 612981 |
| City of New Orleans LA, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/33 | 1250000 | 1384654 |
| City of Shreveport LA, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 3/1/38 | 825000 | 926540 |
| City of Shreveport LA Water & Sewer Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/31 | 100000 | 104908 |
| Louisiana Housing Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 7/1/44<sup>(a)(b)</sup> | 805000 | 809746 |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;4.500%, due 12/1/47 | 650000 | 657037 |
| &nbsp;&nbsp;Series A Insured: HUD SECT 8 FHA 221(D4) |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/26 | 6000000 | 6053524 |
| Louisiana Local Government Environmental Facilities & Community Development Auth, Revenue Bonds |  |  |
| &nbsp;&nbsp;3.500%, due 11/1/32 | 1000000 | 1001531 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Louisiana (continued)** |  |  |
| Louisiana Public Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 5/15/30 | $1875000 | $2045193 |
|  |  | 13596114 |
| **Maine — 0.1%** |  |  |
| Maine State Housing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;6.000%, due 11/15/56 | 1000000 | 1126435 |
| Maine Turnpike Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/30 | 245000 | 271158 |
|  |  | 1397593 |
| **Maryland — 1.0%** |  |  |
| Maryland Community Development Administration, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;1.900%, due 9/1/31 | 1505000 | 1379232 |
| &nbsp;&nbsp;4.500%, due 9/1/48 | 1000000 | 1017207 |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/42 | 1000000 | 1050387 |
| Maryland Department of Housing & Community Development, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 3/1/56 | 500000 | 567997 |
| Maryland Health & Higher Educational Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/36 | 3710000 | 4286279 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/37 | 550000 | 606446 |
| &nbsp;&nbsp;5.000%, due 7/1/39 | 1200000 | 1300862 |
| Maryland Stadium Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: ST INTERCEPT |  |  |
| &nbsp;&nbsp;5.000%, due 5/1/42 | 1820000 | 1867896 |
| Montgomery County Housing Opportunities Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: FHA 542(C) |  |  |
| &nbsp;&nbsp;3.850%, due 7/1/34 | 1000000 | 1043681 |
|  |  | 13119987 |
| **Massachusetts — 0.8%** |  |  |
| Massachusetts Bay Transportation Authority Sales Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;2.950%, due 7/1/31<sup>(c)</sup> | 1000000 | 853473 |
| Massachusetts Department of Transportation, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: NATL |  |  |
| &nbsp;&nbsp;&nbsp;3.050%, due 1/1/29<sup>(c)</sup> | 570000 | 529996 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Massachusetts (continued)** |  |  |
| Massachusetts Development Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 5/15/55<sup>(a)(b)</sup> | $2000000 | $2293845 |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/37 | 500000 | 501696 |
| &nbsp;&nbsp;Series F |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/44 | 2000000 | 2156494 |
| Massachusetts Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 218 |  |  |
| &nbsp;&nbsp;3.000%, due 12/1/50 | 2455000 | 2440123 |
| &nbsp;&nbsp;Series RE Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;3.000%, due 6/1/51 | 895000 | 885667 |
| Town of Hudson MA, G.O. Ltd Notes |  |  |
| &nbsp;&nbsp;5.000%, due 6/11/26 | 1000000 | 1005131 |
|  |  | 10666425 |
| **Michigan — 2.0%** |  |  |
| County of Genesee MI, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/28 | 90000 | 95212 |
| &nbsp;&nbsp;5.000%, due 6/1/30 | 210000 | 231858 |
| Four Lakes Special Assessment District, Special Assessment |  |  |
| &nbsp;&nbsp;Insured: AG CNTY GTD |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/42 | 2105000 | 2249174 |
| &nbsp;&nbsp;5.125%, due 6/1/45 | 1710000 | 1789578 |
| Grand Rapids Public Schools, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 5/1/28 | 2105000 | 2118816 |
| Great Lakes Water Authority Sewage Disposal System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/36 | 810000 | 816450 |
| Great Lakes Water Authority Water Supply System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/46 | 500000 | 501726 |
| &nbsp;&nbsp;Series B Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/46 | 2525000 | 2533920 |
| Michigan Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;3.750%, due 12/1/38 | 1000000 | 1040054 |
| &nbsp;&nbsp;&nbsp;3.875%, due 12/1/44<sup>(a)(b)</sup> | 1505000 | 1506245 |
| &nbsp;&nbsp;5.000%, due 11/1/44 | 1000000 | 1000438 |
| &nbsp;&nbsp;Series MI |  |  |
| &nbsp;&nbsp;&nbsp;3.130%, (Municipal Swap Index + 0.85%), due 12/1/39<sup>(b)</sup> | 1500000 | 1500179 |
| Michigan State Building Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series I |  |  |
| &nbsp;&nbsp;5.000%, due 4/15/41 | 2175000 | 2197390 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Michigan (continued)** |  |  |
| Michigan State Housing Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: FHA 221(D4) |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/1/26<sup>(a)(b)</sup> | $2000000 | $2010955 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;6.250%, due 6/1/55 | 785000 | 869270 |
| Richmond Community Schools, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series I Insured: Q-SBLF |  |  |
| &nbsp;&nbsp;4.000%, due 5/1/36 | 1450000 | 1484273 |
| &nbsp;&nbsp;4.000%, due 5/1/37 | 2655000 | 2709177 |
| State of Michigan Trunk Line Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.500%, due 11/15/44 | 2000000 | 2222076 |
|  |  | 26876791 |
| **Minnesota — 0.8%** |  |  |
| Minneapolis Special School District No 1, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: SD CRED PROG |  |  |
| &nbsp;&nbsp;5.000%, due 2/1/31 | 1250000 | 1316562 |
| Minnesota Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;3.000%, due 7/1/52 | 3610000 | 3567204 |
| &nbsp;&nbsp;Series B Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;2.400%, due 1/1/35 | 1490000 | 1336584 |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 7/1/55 | 1285000 | 1464042 |
| &nbsp;&nbsp;Series E Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;3.500%, due 7/1/50 | 595000 | 595703 |
| &nbsp;&nbsp;Series F Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 1/1/56 | 990000 | 1108764 |
| &nbsp;&nbsp;Series U Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 7/1/55 | 1090000 | 1236907 |
|  |  | 10625766 |
| **Mississippi — 0.3%** |  |  |
| Mississippi Development Bank, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.250%, due 6/1/40 | 750000 | 847594 |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;3.000%, due 3/1/35 | 1140000 | 1067053 |
| &nbsp;&nbsp;5.000%, due 3/1/39 | 740000 | 808754 |
| &nbsp;&nbsp;5.000%, due 3/1/40 | 455000 | 491601 |
| Mississippi Home Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/39 | 1000000 | 1088783 |
|  |  | 4303785 |
| **Missouri — 1.8%** |  |  |
| City of Kansas City MO, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/26 | 1300000 | 1320046 |
| &nbsp;&nbsp;5.000%, due 9/1/28 | 1000000 | 1064280 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Missouri (continued)** |  |  |
| City of St Louis MO Airport Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 7/1/49 | $1525000 | $1612591 |
| County of Phelps MO, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/39 | 1915000 | 2083163 |
| Health & Educational Facilities Authority of the State of Missouri, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.000%, due 7/1/41 | 1500000 | 1309051 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/40 | 785000 | 865333 |
| &nbsp;&nbsp;5.000%, due 11/15/44 | 1000000 | 1053336 |
| Hickman Mills C-1 School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series C-1 Insured: BAM |  |  |
| &nbsp;&nbsp;5.750%, due 3/1/42 | 3390000 | 3692243 |
| Missouri Housing Development Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.750%, due 5/1/56 | 1090000 | 1196110 |
| &nbsp;&nbsp;Series F Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.000%, due 5/1/56 | 2000000 | 2232091 |
| Missouri Joint Municipal Electric Utility Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/40 | 1445000 | 1453354 |
| Missouri State Environmental Improvement & Energy Resources Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B-R |  |  |
| &nbsp;&nbsp;2.900%, due 9/1/33 | 3000000 | 2837269 |
| St Charles County School District No R-IV Wentzville, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: ST AID DIR DEP |  |  |
| &nbsp;&nbsp;&nbsp;3.380%, due 3/1/27<sup>(c)</sup> | 2095000 | 2027609 |
| Wright City R-II School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;6.000%, due 3/1/29 | 150000 | 165467 |
| &nbsp;&nbsp;6.000%, due 3/1/31 | 35000 | 40729 |
| &nbsp;&nbsp;6.000%, due 3/1/33 | 500000 | 598782 |
| &nbsp;&nbsp;6.000%, due 3/1/35 | 530000 | 629914 |
|  |  | 24181368 |
| **Nebraska — 0.4%** |  |  |
| Central Plains Energy Project, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/27 | 1000000 | 1031140 |
| &nbsp;&nbsp;5.000%, due 9/1/29 | 1725000 | 1839620 |
| Omaha Public Power District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 2/1/42 | 835000 | 855825 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Nebraska (continued)** |  |  |
| Omaha Public Power District Nebraska City Station Unit 2, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 2/1/46 | $1235000 | $1235000 |
| Omaha School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;1.750%, due 12/15/35 | 1500000 | 1245821 |
|  |  | 6207406 |
| **Nevada — 0.2%** |  |  |
| City of Mesquite NV Special Improvement District No 07-01 Athem at Mesquite, Special Assessment |  |  |
| &nbsp;&nbsp;Series 01 |  |  |
| &nbsp;&nbsp;4.250%, due 8/1/37 | 1005000 | 993579 |
| County of Clark NV, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 7/1/39 | 1000000 | 1000459 |
| State of Nevada Highway Improvement Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;3.000%, due 12/1/41 | 1000000 | 908828 |
|  |  | 2902866 |
| **New Hampshire — 1.8%** |  |  |
| New Hampshire Business Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;&nbsp;4.167%, due 1/20/41<sup>(a)(b)</sup> | 1221089 | 1219692 |
| &nbsp;&nbsp;&nbsp;4.218%, due 11/20/42<sup>(a)(b)</sup> | 6472384 | 6362744 |
| &nbsp;&nbsp;4.250%, due 7/1/51 | 978252 | 992048 |
| &nbsp;&nbsp;&nbsp;4.946%, due 2/20/41<sup>(a)(b)</sup> | 4993722 | 5274004 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.625%, due 8/20/39 | 1086794 | 1060989 |
| &nbsp;&nbsp;&nbsp;4.162%, due 10/1/51<sup>(a)(b)</sup> | 1486107 | 1498171 |
| &nbsp;&nbsp;&nbsp;4.182%, due 11/20/39<sup>(a)(b)</sup> | 2472074 | 2482420 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.250%, due 7/1/42 | 1530000 | 1611316 |
| New Hampshire Health and Education Facilities Authority Act, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;3.300%, due 6/1/38<sup>(a)(b)</sup> | 1000000 | 1006083 |
| New Hampshire Housing Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 1/1/56 | 1290000 | 1479121 |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/56 | 1400000 | 1614808 |
|  |  | 24601396 |
| **New Jersey — 1.7%** |  |  |
| East Rutherford Board of Education, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;2.000%, due 7/15/34 | 1250000 | 1111593 |
| Essex County Improvement Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 7/15/28 | 415000 | 420081 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **New Jersey (continued)** |  |  |
| Hillsdale School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: SCH BD RES FD |  |  |
| &nbsp;&nbsp;2.250%, due 8/15/31 | $1760000 | $1696165 |
| New Jersey Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/35 | 500000 | 541435 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;3.375%, due 11/1/27 | 1000000 | 1008872 |
| &nbsp;&nbsp;Series M |  |  |
| &nbsp;&nbsp;5.050%, due 10/1/45 | 4000000 | 4098101 |
| &nbsp;&nbsp;6.500%, due 4/1/56 | 5000000 | 5656893 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.250%, due 6/15/43 | 2790000 | 2898673 |
| &nbsp;&nbsp;Series AA |  |  |
| &nbsp;&nbsp;5.000%, due 6/15/37 | 1300000 | 1412582 |
| New Jersey Turnpike Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/42 | 1000000 | 1091272 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/45 | 1600000 | 1713722 |
| South Jersey Transportation Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;4.000%, due 11/1/39 | 1485000 | 1520346 |
|  |  | 23169735 |
| **New Mexico — 0.5%** |  |  |
| City of Farmington NM, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.150%, due 4/1/33 | 3000000 | 2658232 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;2.150%, due 4/1/33 | 2000000 | 1772155 |
| &nbsp;&nbsp;&nbsp;3.875%, due 6/1/40<sup>(a)(b)</sup> | 2000000 | 2046755 |
|  |  | 6477142 |
| **New York — 7.4%** |  |  |
| Albany Capital Resource Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 5/1/39 | 1000000 | 1125275 |
| Build NYC Resource Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.125%, due 12/1/35 | 1250000 | 1311027 |
| City of New York NY, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series 1 Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/44 | 1500000 | 1602357 |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;1.950%, due 2/1/55<sup>(a)(b)</sup> | 17000000 | 17000000 |
| &nbsp;&nbsp;Series 5 |  |  |
| &nbsp;&nbsp;&nbsp;1.950%, due 6/1/44<sup>(a)(b)</sup> | 6000000 | 6000000 |
| Hudson Yards Infrastructure Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/39 | 1740000 | 1773173 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **New York (continued)** |  |  |
| Long Island Power Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;3.000%, due 9/1/49<sup>(a)(b)</sup> | $1780000 | $1786022 |
| Metropolitan Transportation Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/44 | 2000000 | 2109242 |
| &nbsp;&nbsp;5.000%, due 11/15/47 | 1015000 | 1043587 |
| &nbsp;&nbsp;Series A1 |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/29 | 500000 | 503183 |
| &nbsp;&nbsp;Series C1 |  |  |
| &nbsp;&nbsp;3.250%, due 11/15/36 | 370000 | 339620 |
| &nbsp;&nbsp;Series E1 |  |  |
| &nbsp;&nbsp;&nbsp;1.950%, due 11/15/50<sup>(a)(b)</sup> | 2400000 | 2400000 |
| Monroe County Industrial Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 12/1/36 | 1000000 | 1003357 |
| New York City Housing Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;3.400%, due 11/1/64<sup>(a)(b)</sup> | 1000000 | 1010071 |
| &nbsp;&nbsp;&nbsp;3.750%, due 5/1/65<sup>(a)(b)</sup> | 1250000 | 1274747 |
| &nbsp;&nbsp;Series 2A Insured: REMIC FHA INS 542(c) |  |  |
| &nbsp;&nbsp;&nbsp;3.400%, due 11/1/62<sup>(a)(b)</sup> | 780000 | 780231 |
| New York City Municipal Water Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;1.850%, due 6/15/50<sup>(a)(b)</sup> | 5000000 | 5000000 |
| &nbsp;&nbsp;5.000%, due 6/15/48 | 1000000 | 1044627 |
| &nbsp;&nbsp;Series CC |  |  |
| &nbsp;&nbsp;5.000%, due 6/15/46 | 2500000 | 2638756 |
| New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;4.000%, due 11/1/38 | 1000000 | 1023177 |
| &nbsp;&nbsp;5.000%, due 2/1/42 | 1830000 | 2025643 |
| &nbsp;&nbsp;5.000%, due 11/1/42 | 1250000 | 1375185 |
| &nbsp;&nbsp;5.000%, due 11/1/46 | 500000 | 526100 |
| &nbsp;&nbsp;Series A-3 |  |  |
| &nbsp;&nbsp;4.000%, due 5/1/43 | 215000 | 208772 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.250%, due 5/1/48 | 2000000 | 2104662 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;5.250%, due 5/1/48 | 1250000 | 1322358 |
| &nbsp;&nbsp;Series E3 |  |  |
| &nbsp;&nbsp;&nbsp;1.850%, due 2/1/45<sup>(a)(b)</sup> | 5000000 | 5000000 |
| New York Energy Finance Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 7/1/56<sup>(a)(b)</sup> | 3500000 | 3730021 |
| New York Liberty Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;2.450%, due 9/15/69 | 500000 | 473878 |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/44 | 5000000 | 5000094 |
| &nbsp;&nbsp;Series 1WTC Insured: BAM |  |  |
| &nbsp;&nbsp;4.000%, due 2/15/43 | 2000000 | 1963366 |
| &nbsp;&nbsp;Series AG Insured: AG-CR |  |  |
| &nbsp;&nbsp;2.750%, due 11/15/41 | 1070000 | 869364 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **New York (continued)** |  |  |
| New York Power Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/36 | $1215000 | $1414292 |
| New York State Dormitory Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/35 | 1400000 | 1541174 |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 7/1/41 | 1000000 | 1121119 |
| &nbsp;&nbsp;5.250%, due 10/1/43 | 1300000 | 1391821 |
| &nbsp;&nbsp;Series 1 Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/37 | 750000 | 860235 |
| &nbsp;&nbsp;5.250%, due 7/1/43 | 1095000 | 1206209 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 3/15/39 | 500000 | 510793 |
| &nbsp;&nbsp;4.000%, due 3/15/41 | 1500000 | 1510768 |
| &nbsp;&nbsp;5.000%, due 7/1/39 | 1220000 | 1228577 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/40 | 815000 | 836423 |
| &nbsp;&nbsp;5.000%, due 2/15/40 | 5000 | 5192 |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;3.000%, due 3/15/41 | 500000 | 441232 |
| &nbsp;&nbsp;5.000%, due 3/15/41 | 2000000 | 2096259 |
| New York State Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;3.350%, due 6/15/54<sup>(a)(b)</sup> | 1000000 | 1006009 |
| &nbsp;&nbsp;Series 2 Insured: SONYMA |  |  |
| &nbsp;&nbsp;&nbsp;3.375%, due 5/1/65<sup>(a)(b)</sup> | 3420000 | 3452273 |
| &nbsp;&nbsp;Series 2 Insured: SONYMA HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;3.600%, due 11/1/64<sup>(a)(b)</sup> | 1500000 | 1514047 |
| New York State Thruway Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 3/15/43 | 1165000 | 1153451 |
| Onondaga Civic Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/41 | 500000 | 566207 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/42 | 1000000 | 1105004 |
| &nbsp;&nbsp;5.250%, due 5/15/47 | 1250000 | 1317358 |
| &nbsp;&nbsp;Series AG Insured: AG-CR |  |  |
| &nbsp;&nbsp;&nbsp;2.000%, due 5/15/45<sup>(a)(b)</sup> | 1345000 | 1305179 |
| Utility Debt Securitization Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;5.000%, due 12/15/41 | 500000 | 564803 |
|  |  | 101516320 |
| **North Carolina — 2.0%** |  |  |
| Charlotte-Mecklenburg Hospital Authority (The), Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;1.850%, due 1/15/37<sup>(a)(b)</sup> | 5000000 | 5000000 |
| &nbsp;&nbsp;Series G |  |  |
| &nbsp;&nbsp;&nbsp;1.850%, due 1/15/48<sup>(a)(b)</sup> | 5200000 | 5200000 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **North Carolina (continued)** |  |  |
| City of Charlotte NC Airport Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/42 | $1400000 | $1557533 |
| City of Fayetteville NC Public Works Commission Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;2.000%, due 3/1/36 | 3395000 | 2945157 |
| County of Alamance NC, General Obligation Bonds |  |  |
| &nbsp;&nbsp;2.000%, due 5/1/35 | 1500000 | 1335158 |
| County of Gaston NC, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 3/1/39 | 1000000 | 1154321 |
| Durham Housing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.200%, due 1/1/44<sup>(a)(b)</sup> | 2500000 | 2515435 |
| Nash Health Care Systems, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.500%, due 2/1/44 | 495000 | 539120 |
| North Carolina Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.500%, due 1/1/54 | 850000 | 919624 |
| &nbsp;&nbsp;Series 43 Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;2.625%, due 1/1/35 | 1000000 | 938926 |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 1/1/55 | 965000 | 1085100 |
| North Carolina Medical Care Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/38 | 1100000 | 1254367 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 6/1/55<sup>(a)(b)</sup> | 1000000 | 1089287 |
| Raleigh Housing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, due 1/1/44<sup>(a)(b)</sup> | 1450000 | 1458456 |
|  |  | 26992484 |
| **North Dakota — 0.4%** |  |  |
| City of Grand Forks ND, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/26 | 400000 | 407325 |
| &nbsp;&nbsp;5.000%, due 12/1/27 | 450000 | 466535 |
| &nbsp;&nbsp;5.000%, due 12/1/28 | 500000 | 528640 |
| &nbsp;&nbsp;5.000%, due 12/1/29 | 675000 | 726500 |
| &nbsp;&nbsp;Series AG Insured: AG-CR |  |  |
| &nbsp;&nbsp;4.000%, due 12/1/37 | 1250000 | 1253537 |
| North Dakota Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;6.250%, due 1/1/55 | 965000 | 1085776 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;6.000%, due 7/1/55 | 990000 | 1111252 |
|  |  | 5579565 |
| **Ohio — 2.5%** |  |  |
| Akron Bath Copley Joint Township Hospital District, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 11/15/33 | 1260000 | 1349390 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Ohio (continued)** |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/29 | $1100000 | $1203411 |
| American Municipal Power, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/41 | 1280000 | 1281219 |
| Buckeye Tobacco Settlement Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;3.000%, due 6/1/48 | 500000 | 352945 |
| &nbsp;&nbsp;4.000%, due 6/1/37 | 2500000 | 2500579 |
| City of Toledo OH, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 12/1/36 | 1000000 | 1122426 |
| &nbsp;&nbsp;5.500%, due 12/1/39 | 1330000 | 1485337 |
| Cloverleaf Local School District, Certificates of Participation |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.375%, due 12/1/37 | 1000000 | 1058151 |
| County of Fayette OH, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 12/1/34 | 1000000 | 1162472 |
| County of Franklin OH, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;1.900%, due 11/1/42<sup>(a)(b)</sup> | 4700000 | 4700000 |
| Forest Hills Local School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/44 | 630000 | 630251 |
| JobsOhio Beverage System, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/38 | 5125000 | 5970282 |
| Ohio Air Quality Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.875%, due 1/1/36 | 2000000 | 2003898 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;3.200%, due 5/1/26 | 1000000 | 1000004 |
| Ohio Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.200%, due 1/1/46<sup>(a)(b)</sup> | 1750000 | 1761030 |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 3/1/56 | 995000 | 1107152 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;3.000%, due 9/1/39 | 1435000 | 1284963 |
| &nbsp;&nbsp;Series B Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 3/1/56 | 1000000 | 1158349 |
| State of Ohio, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.000%, due 3/1/33 | 700000 | 635177 |
| Summit County Development Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/35 | 445000 | 502679 |
| &nbsp;&nbsp;5.000%, due 7/1/40 | 910000 | 984138 |
| &nbsp;&nbsp;5.000%, due 7/1/45 | 1000000 | 1032142 |
|  |  | 34285995 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Oklahoma — 0.3%** |  |  |
| Carter County Public Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/32 | $1000000 | $1039867 |
| Cleveland County Home Loan Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;6.000%, due 7/1/56 | 1865000 | 2113922 |
| Oklahoma Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 9/1/56 | 1000000 | 1135994 |
|  |  | 4289783 |
| **Oregon — 1.4%** |  |  |
| City of Portland OR Sewer System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/47 | 1680000 | 1771493 |
| Oregon State Lottery, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 4/1/39 | 1250000 | 1438127 |
| &nbsp;&nbsp;5.000%, due 4/1/41 | 2500000 | 2825975 |
| Salem Hospital Facility Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 5/15/41 | 1000000 | 994677 |
| State of Oregon, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.250%, due 5/1/42 | 2000000 | 2285572 |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;5.000%, due 5/1/39 | 815000 | 940157 |
| State of Oregon Department of Transportation, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/42 | 5000000 | 5258140 |
| State of Oregon Housing & Community Services Department, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/54 | 940000 | 1054427 |
| Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.000%, due 9/1/44 | 2000000 | 1647743 |
| Washington & Multnomah Counties School District No 48J Beaverton, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: SCH BD GTY |  |  |
| &nbsp;&nbsp;&nbsp;4.290%, due 6/15/40<sup>(c)</sup> | 1000000 | 543582 |
|  |  | 18759893 |
| **Pennsylvania — 2.9%** |  |  |
| Chester County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/29 | 350000 | 364748 |
| Coatesville School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.250%, due 11/15/37 | 4000000 | 4319562 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Pennsylvania (continued)** |  |  |
| Commonwealth Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;4.000%, due 6/1/39 | $920000 | $919696 |
| Conrad Weiser Area School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;4.000%, due 9/1/34 | 1000000 | 1017303 |
| County of Allegheny PA, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series C76 |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/41 | 1000000 | 1007902 |
| Indiana County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 5/1/27 | 250000 | 255808 |
| Pennsylvania Higher Educational Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 8/15/31 | 450000 | 507547 |
| &nbsp;&nbsp;5.000%, due 8/15/33 | 2000000 | 2315913 |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;&nbsp;3.228%, (3 Month SOFR + 0.60%), due 7/1/27<sup>(b)</sup> | 60000 | 59677 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/34 | 1000000 | 1001834 |
| Pennsylvania Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;6.000%, due 10/1/54 | 970000 | 1059297 |
| &nbsp;&nbsp;Insured: FNMA COLL |  |  |
| &nbsp;&nbsp;4.900%, due 6/1/41 | 500000 | 520236 |
| &nbsp;&nbsp;Series 137 |  |  |
| &nbsp;&nbsp;3.000%, due 10/1/51 | 14585000 | 14238414 |
| Pennsylvania Turnpike Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/43 | 1000000 | 1079145 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.250%, due 12/1/47 | 1000000 | 1057263 |
| Philadelphia Gas Works Co., Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/30 | 1435000 | 1459205 |
| Philadelphia Housing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 3/1/37 | 2530000 | 2810675 |
| &nbsp;&nbsp;5.250%, due 3/1/38 | 2500000 | 2813522 |
| Pittsburgh Water & Sewer Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/36 | 1285000 | 1431274 |
| Temple University-of The Commonwealth System of Higher Education, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 4/1/45 | 1000000 | 1059073 |
|  |  | 39298094 |
| **Puerto Rico — 2.1%** |  |  |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 7/1/42 | 2000000 | 1901289 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Puerto Rico (continued)** |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/47 | $2500000 | $2478346 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;4.000%, due 7/1/42 | 2000000 | 1901289 |
| &nbsp;&nbsp;5.000%, due 7/1/29 | 1907000 | 1995729 |
| Puerto Rico Electric Power Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: NATL |  |  |
| &nbsp;&nbsp;5.250%, due 7/1/35 | 1465000 | 1485601 |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/31 | 500000 | 541527 |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;4.329%, due 7/1/40 | 16069000 | 15971670 |
| &nbsp;&nbsp;Series A1 |  |  |
| &nbsp;&nbsp;4.500%, due 7/1/34 | 2000000 | 2000295 |
|  |  | 28275746 |
| **Rhode Island — 0.3%** |  |  |
| Rhode Island Health and Educational Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/38 | 350000 | 379746 |
| &nbsp;&nbsp;5.000%, due 7/1/39 | 350000 | 377075 |
| &nbsp;&nbsp;5.000%, due 7/1/40 | 350000 | 372846 |
| &nbsp;&nbsp;Series F |  |  |
| &nbsp;&nbsp;5.500%, due 5/15/41 | 180000 | 198753 |
| Rhode Island Housing & Mortgage Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;5.250%, due 10/1/49 | 1000000 | 1040560 |
| &nbsp;&nbsp;Series 77-A Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/28 | 350000 | 371233 |
| &nbsp;&nbsp;Series A Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/41 | 1000000 | 1078480 |
|  |  | 3818693 |
| **South Carolina — 2.0%** |  |  |
| County of Charleston SC, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.000%, due 11/1/39 | 2000000 | 1591057 |
| Medical University Hospital Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: FHA INS |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/40 | 2000000 | 2146121 |
| Patriots Energy Group Financing Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;4.338%, (SOFR + 1.90%), due 2/1/54<sup>(b)</sup> | 6000000 | 6277661 |
| South Carolina Jobs-Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 3/1/62<sup>(a)(b)</sup> | 1000000 | 1031959 |
| &nbsp;&nbsp;Series AG Insured: AG-CR |  |  |
| &nbsp;&nbsp;4.000%, due 11/1/42 | 1000000 | 987080 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **South Carolina (continued)** |  |  |
| South Carolina Public Service Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 12/1/40 | $2250000 | $2257260 |
| &nbsp;&nbsp;4.000%, due 12/1/42 | 675000 | 668257 |
| &nbsp;&nbsp;5.000%, due 12/1/45 | 2000000 | 2105852 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/36 | 100000 | 101589 |
| &nbsp;&nbsp;5.000%, due 12/1/46 | 750000 | 780531 |
| &nbsp;&nbsp;Series B Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/40 | 1120000 | 1245269 |
| &nbsp;&nbsp;Series E Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 12/1/37 | 2000000 | 2250291 |
| South Carolina State Housing Finance & Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;4.150%, due 7/1/40 | 970000 | 980706 |
| &nbsp;&nbsp;6.500%, due 7/1/55 | 985000 | 1129532 |
| &nbsp;&nbsp;Series B Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/55 | 990000 | 1140621 |
| Spartanburg County School District No 4, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: SCSDE |  |  |
| &nbsp;&nbsp;5.000%, due 3/1/42 | 1945000 | 2092025 |
| Spartanburg Regional Health Services District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.625%, due 4/15/39 | 815000 | 773682 |
|  |  | 27559493 |
| **South Dakota — 0.3%** |  |  |
| South Dakota Health & Educational Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/41 | 900000 | 988659 |
| &nbsp;&nbsp;5.000%, due 9/1/43 | 1000000 | 1071457 |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/1/51<sup>(a)(b)</sup> | 1500000 | 1670224 |
| South Dakota Housing Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.250%, due 11/1/55 | 975000 | 1100221 |
|  |  | 4830561 |
| **Tennessee — 1.9%** |  |  |
| City of Memphis TN Sanitary Sewerage System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/43 | 3145000 | 3413005 |
| Health Educational and Housing Facility Board of the City of Memphis/the, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: FHA 221(D)(4) HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 7/1/27<sup>(a)(b)</sup> | 785000 | 792263 |
| &nbsp;&nbsp;&nbsp;5.000%, due 7/1/27<sup>(a)(b)</sup> | 520000 | 524811 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Tennessee (continued)** |  |  |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;3.600%, due 2/1/45<sup>(a)(b)</sup> | $3000000 | $3047606 |
| Shelby County Health Educational & Housing Facilities Board, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/35 | 2300000 | 2606308 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 9/1/44<sup>(a)(b)</sup> | 2000000 | 2165625 |
| &nbsp;&nbsp;&nbsp;5.000%, due 9/1/49<sup>(a)(b)</sup> | 1300000 | 1381377 |
| Tennergy Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 12/1/51<sup>(a)(b)</sup> | 1070000 | 1089978 |
| Tennessee Energy Acquisition Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/34 | 5250000 | 5706535 |
| &nbsp;&nbsp;5.000%, due 12/1/35 | 3250000 | 3500555 |
| Tennessee Housing Development Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;2.050%, due 7/1/36 | 1800000 | 1533119 |
|  |  | 25761182 |
| **Texas — 12.3%** |  |  |
| Alamito Public Facility Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 8/1/44<sup>(a)(b)</sup> | 1000000 | 1001382 |
| Arlington Higher Education Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;4.000%, due 2/15/44 | 1590000 | 1536234 |
| &nbsp;&nbsp;Series A Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 8/15/32 | 2135000 | 2427281 |
| Arlington Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/39 | 1500000 | 1503345 |
| Austin Community College District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 8/1/38 | 1000000 | 1138291 |
| Barbers Hill Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;4.000%, due 2/15/41 | 1000000 | 1011049 |
| Brazos County Municipal Utility District No 1, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;4.250%, due 9/1/37 | 530000 | 547526 |
| &nbsp;&nbsp;4.625%, due 9/1/41 | 630000 | 647062 |
| Capital Area Housing Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.200%, due 1/1/41<sup>(a)(b)</sup> | 1650000 | 1650218 |
| &nbsp;&nbsp;&nbsp;3.200%, due 1/1/41<sup>(a)(b)</sup> | 2850000 | 2850377 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Texas (continued)** |  |  |
| Central Texas Turnpike System, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 8/15/42<sup>(a)(b)</sup> | $1000000 | $1088482 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;5.000%, due 8/15/34 | 1000000 | 1169729 |
| City of Amarillo TX Waterworks & Sewer System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 4/1/41 | 1360000 | 1361761 |
| City of Arlington TX Special Tax Revenue, Special Tax |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/43 | 250000 | 255020 |
| City of College Station TX, General Obligation Bonds |  |  |
| &nbsp;&nbsp;2.125%, due 2/15/39 | 1020000 | 821989 |
| City of Corpus Christi TX Utility System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/28 | 1000000 | 1062212 |
| &nbsp;&nbsp;5.000%, due 7/15/32 | 1000000 | 1142200 |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/30 | 1000000 | 1108975 |
| &nbsp;&nbsp;5.000%, due 7/15/31 | 1455000 | 1642958 |
| City of Fort Worth TX, General Obligation Bonds |  |  |
| &nbsp;&nbsp;2.000%, due 3/1/40 | 500000 | 366901 |
| City of Galveston TX Wharves & Terminal Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.250%, due 8/1/43 | 1000000 | 1064569 |
| City of Georgetown TX Utility System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 8/15/26 | 1000000 | 1013537 |
| City of Houston TX Combined Utility System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;2.500%, due 11/15/40 | 2000000 | 1616851 |
| City of San Antonio TX Electric & Gas Systems Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 2/1/33 | 1500000 | 1736568 |
| County of Parker TX, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/42 | 6625000 | 6711274 |
| Dallas College, General Obligation Bonds |  |  |
| &nbsp;&nbsp;3.000%, due 2/15/28 | 1575000 | 1575364 |
| Dallas Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;2.000%, due 2/15/42 | 1500000 | 1074850 |
| Del Valle Independent School District TX, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;2.000%, due 6/15/39 | 1000000 | 793991 |
| Denton Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 8/15/41 | 1055000 | 1165498 |
| &nbsp;&nbsp;Series B2 Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 8/15/55<sup>(a)(b)</sup> | 2500000 | 2660868 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Texas (continued)** |  |  |
| Edinburg Consolidated Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/35 | $1235000 | $1236801 |
| Fort Bend County Municipal Utility District No 167, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;3.000%, due 9/1/33 | 115000 | 109391 |
| Fort Bend County Municipal Utility District No 169, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: AG |  |  |
| &nbsp;&nbsp;2.500%, due 12/1/39 | 2045000 | 1733101 |
| Fort Bend County Municipal Utility District No 185, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;3.250%, due 9/1/35 | 235000 | 229018 |
| Fort Bend Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 8/1/54<sup>(a)(b)</sup> | 1300000 | 1327392 |
| FW Chaparral PFC, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 10/1/35 | 1530000 | 1534081 |
| FW Ramble Public Facility Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 10/1/35 | 1000000 | 997627 |
| Guadalupe-Blanco River Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;6.000%, due 8/15/42 | 1980000 | 2223065 |
| Harris County Health Facilities Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series RF |  |  |
| &nbsp;&nbsp;&nbsp;1.900%, due 12/1/41<sup>(a)(b)</sup> | 5000000 | 5000000 |
| Harris County Municipal Utility District No 423, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;6.500%, due 4/1/28 | 300000 | 313173 |
| &nbsp;&nbsp;6.500%, due 4/1/29 | 325000 | 339605 |
| Harris County Municipal Utility District No 43, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;6.250%, due 9/1/32 | 1805000 | 2022820 |
| Harris County Municipal Utility District No 489, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;6.500%, due 9/1/29 | 800000 | 866627 |
| Harris County Water Control & Improvement District No 159, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;6.375%, due 9/1/30 | 1335000 | 1465254 |
| Hays Consolidated Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;4.000%, due 2/15/43 | 1000000 | 1001374 |
| &nbsp;&nbsp;5.000%, due 2/15/40 | 1750000 | 1976627 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Texas (continued)** |  |  |
| Housing Options, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;3.050%, due 2/1/45<sup>(a)(b)</sup> | $3850000 | $3872011 |
| Housing Synergy PFC, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: FHA 221(D)(4) HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 2/1/27<sup>(a)(b)</sup> | 1000000 | 1000000 |
| Houston Higher Education Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;4.000%, due 2/15/39 | 1915000 | 1915512 |
| Irving Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/38 | 1490000 | 1648095 |
| Kerrville Public Utility Board Public Facility Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 4/15/32 | 1785000 | 2016645 |
| &nbsp;&nbsp;5.000%, due 4/15/33 | 1880000 | 2144750 |
| &nbsp;&nbsp;5.000%, due 4/15/34 | 1980000 | 2276323 |
| &nbsp;&nbsp;5.000%, due 4/15/35 | 2075000 | 2396656 |
| &nbsp;&nbsp;5.000%, due 4/15/36 | 2170000 | 2481089 |
| &nbsp;&nbsp;5.000%, due 4/15/37 | 1135000 | 1283489 |
| &nbsp;&nbsp;5.000%, due 4/15/38 | 1200000 | 1345851 |
| &nbsp;&nbsp;5.000%, due 4/15/39 | 1250000 | 1391142 |
| &nbsp;&nbsp;5.000%, due 4/15/40 | 1320000 | 1448826 |
| &nbsp;&nbsp;5.250%, due 4/15/45 | 3905000 | 4153929 |
| Laredo Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 8/1/29 | 650000 | 705672 |
| Leander Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;&nbsp;2.750%, due 8/15/30<sup>(c)</sup> | 575000 | 507957 |
| &nbsp;&nbsp;&nbsp;3.050%, due 8/15/33<sup>(c)</sup> | 1000000 | 795628 |
| Lewisville Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;3.125%, due 8/15/34 | 1000000 | 1000391 |
| Mansfield Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/39 | 5280000 | 5999293 |
| &nbsp;&nbsp;5.000%, due 2/15/40 | 5325000 | 6001306 |
| &nbsp;&nbsp;5.000%, due 2/15/41 | 3575000 | 3988408 |
| Matagorda County Navigation District No 1, Revenue Bonds |  |  |
| &nbsp;&nbsp;2.600%, due 11/1/29 | 1000000 | 974646 |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;4.000%, due 6/1/30 | 1070000 | 1070578 |
| Montgomery County Municipal Utility District No 126, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;2.625%, due 9/1/39 | 380000 | 306657 |
| Montgomery County Municipal Utility District No 95, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;3.375%, due 9/1/34 | 325000 | 320924 |
| &nbsp;&nbsp;5.000%, due 9/1/41 | 560000 | 568597 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Texas (continued)** |  |  |
| New Hope Cultural Education Facilities Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/40 | $2000000 | $2139781 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 8/15/35 | 1425000 | 1658896 |
| &nbsp;&nbsp;5.000%, due 8/15/39 | 1500000 | 1685294 |
| North Texas Municipal Water District Water System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/31 | 3000000 | 3409882 |
| Pecos Barstow Toyah Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/35 | 1000000 | 1043824 |
| &nbsp;&nbsp;5.000%, due 2/15/39 | 2000000 | 2001778 |
| &nbsp;&nbsp;5.000%, due 2/15/41 | 1500000 | 1500939 |
| Post Wood Municipal Utility District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;3.500%, due 3/1/34 | 350000 | 349986 |
| Sabine-Neches Navigation District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.250%, due 2/15/37 | 1000000 | 1102867 |
| &nbsp;&nbsp;5.250%, due 2/15/41 | 2000000 | 2163751 |
| Sherman Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/38 | 1250000 | 1429708 |
| South Manvel Development Authority, Tax Allocation |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 4/1/36 | 265000 | 282669 |
| Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/15/51<sup>(a)(b)</sup> | 1500000 | 1695273 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/40 | 2600000 | 2611335 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/15/64<sup>(a)(b)</sup> | 6000000 | 6737966 |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;5.000%, due 11/15/43 | 3625000 | 3965975 |
| Texas Department of Housing & Community Affairs, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA |  |  |
| &nbsp;&nbsp;3.000%, due 9/1/45 | 2000000 | 1610513 |
| &nbsp;&nbsp;Series A Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;5.750%, due 1/1/56 | 1015000 | 1127900 |
| &nbsp;&nbsp;Series D Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;6.250%, due 1/1/56 | 1500000 | 1705954 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;5.500%, due 1/1/54<sup>(a)(b)</sup> | 1500000 | 1601471 |
| Texas Municipal Gas Acquisition & Supply Corp. V, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 1/1/55<sup>(a)(b)</sup> | 6000000 | 6491751 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Texas (continued)** |  |  |
| Texas Municipal Gas Acquisition and Supply Corp. II, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;3.320%, (3 Month SOFR + 0.52%), due 9/15/27<sup>(b)</sup> | $1070000 | $1071908 |
| Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 6/30/33 | 500000 | 515759 |
| Texas Public Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 5/1/31 | 1500000 | 1669050 |
| Texas Water Development Board, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 10/15/47 | 500000 | 520937 |
| Uptown Development Authority, Tax Allocation |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/35 | 500000 | 502867 |
| Willis Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;2.000%, due 2/15/40 | 920000 | 718100 |
|  |  | 169052827 |
| **Utah — 2.6%** |  |  |
| Canyons School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: SCH BD GTY |  |  |
| &nbsp;&nbsp;1.500%, due 6/15/35 | 1830000 | 1496984 |
| County of Iron UT Sales Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/49 | 1300000 | 1352433 |
| County of Salt Lake UT, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;2.300%, due 12/15/28 | 1325000 | 1307539 |
| County of Utah UT, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 5/15/46 | 1970000 | 1974755 |
| Downtown Revitalization Public Infrastructure District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/34 | 1250000 | 1449450 |
| Intermountain Power Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/37 | 970000 | 1083562 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/36 | 1035000 | 1181140 |
| &nbsp;&nbsp;5.000%, due 7/1/39 | 715000 | 800865 |
| &nbsp;&nbsp;5.000%, due 7/1/41 | 1045000 | 1128269 |
| Salt Lake City School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: SCH BD GTY |  |  |
| &nbsp;&nbsp;3.000%, due 3/1/39 | 1000000 | 933657 |
| Utah Associated Municipal Power Systems, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/31 | 500000 | 523091 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Utah (continued)** |  |  |
| Utah Charter School Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM-TCRS UT CSCE |  |  |
| &nbsp;&nbsp;4.000%, due 4/15/40 | $250000 | $245732 |
| Utah Housing Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.000%, due 9/1/45<sup>(a)(b)</sup> | 1500000 | 1504024 |
| &nbsp;&nbsp;Insured: FHLMC COLL |  |  |
| &nbsp;&nbsp;3.400%, due 7/1/30 | 3000000 | 3001170 |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 1/1/54 | 2030000 | 2235210 |
| &nbsp;&nbsp;6.500%, due 7/1/55 | 975000 | 1096516 |
| &nbsp;&nbsp;Series E Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.750%, due 7/1/55 | 4190000 | 4879710 |
| Utah Infrastructure Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 10/15/28 | 350000 | 354887 |
| &nbsp;&nbsp;4.000%, due 10/15/32 | 1000000 | 1008355 |
| &nbsp;&nbsp;4.000%, due 10/15/32 | 690000 | 697777 |
| &nbsp;&nbsp;4.000%, due 10/15/34 | 800000 | 802495 |
| &nbsp;&nbsp;4.000%, due 10/15/36 | 1000000 | 998034 |
| &nbsp;&nbsp;4.000%, due 10/15/38 | 645000 | 630405 |
| &nbsp;&nbsp;5.500%, due 10/15/33 | 940000 | 1069472 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 10/15/28 | 1000000 | 1027996 |
| &nbsp;&nbsp;5.000%, due 10/15/34 | 400000 | 407872 |
| &nbsp;&nbsp;5.000%, due 10/15/40 | 1000000 | 1005361 |
| Utah Transit Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/15/42 | 1250000 | 1403737 |
|  |  | 35600498 |
| **Virginia — 1.1%** |  |  |
| Arlington County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.950%, due 9/1/49<sup>(a)(b)</sup> | 1125000 | 1128876 |
| City of Harrisonburg VA, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;1.750%, due 7/15/35 | 2500000 | 2094652 |
| County of Fairfax VA, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;4.000%, due 10/1/28 | 655000 | 656660 |
| Halifax County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;3.800%, due 12/1/41<sup>(a)(b)</sup> | 1500000 | 1523548 |
| Isle Wight County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/37 | 1000000 | 1122803 |
| &nbsp;&nbsp;5.000%, due 7/1/38 | 600000 | 668005 |
| Norfolk Airport Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/28 | 150000 | 158906 |
| Virginia Housing Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series G |  |  |
| &nbsp;&nbsp;&nbsp;3.125%, due 7/1/56<sup>(a)(b)</sup> | 1000000 | 1000121 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Virginia (continued)** |  |  |
| Virginia Public Building Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 8/1/29 | $2000000 | $2004402 |
| Virginia Small Business Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/36 | 765000 | 851648 |
| Williamsburg Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;4.000%, due 7/1/42 | 1000000 | 1000464 |
| Winchester Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/30 | 1440000 | 1573207 |
| Wise County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.125%, due 10/1/40<sup>(a)(b)</sup> | 2000000 | 2019267 |
|  |  | 15802559 |
| **Washington — 1.0%** |  |  |
| County of King WA Sewer Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;2.510%, (Municipal Swap Index + 0.23%), due 1/1/40<sup>(b)</sup> | 3000000 | 2977979 |
| State of Washington, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series R |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/41 | 1420000 | 1569471 |
| Washington Health Care Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 7/1/42 | 1000000 | 940017 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 3/1/41 | 95000 | 94592 |
| &nbsp;&nbsp;5.000%, due 9/1/43 | 1400000 | 1492650 |
| &nbsp;&nbsp;Series B Insured: AG |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 8/15/55<sup>(a)(b)</sup> | 4000000 | 4312029 |
| Washington State Housing Finance Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;&nbsp;4.221%, due 3/1/50<sup>(a)(b)</sup> | 991155 | 976195 |
| &nbsp;&nbsp;Series A Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/40 | 1000000 | 1054905 |
| &nbsp;&nbsp;5.000%, due 7/1/45 | 1000000 | 1005521 |
|  |  | 14423359 |
| **West Virginia — 1.0%** |  |  |
| City of Wheeling WV Waterworks & Sewerage System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: BAM |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/39 | 800000 | 879548 |
| &nbsp;&nbsp;5.000%, due 6/1/41 | 300000 | 324038 |
| &nbsp;&nbsp;5.000%, due 6/1/44 | 500000 | 523652 |
| County of Ohio WV Special District Excise Tax Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/35 | 550000 | 619299 |
| &nbsp;&nbsp;5.000%, due 6/1/36 | 525000 | 585294 |
| &nbsp;&nbsp;5.000%, due 6/1/37 | 975000 | 1077961 |
| &nbsp;&nbsp;5.250%, due 6/1/45 | 1000000 | 1062262 |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **West Virginia (continued)** |  |  |
| West Virginia Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;3.375%, due 3/1/40<sup>(a)(b)</sup> | $1000000 | $1013246 |
| West Virginia Hospital Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 9/1/39 | 1500000 | 1539472 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/36 | 1000000 | 1140314 |
| &nbsp;&nbsp;5.000%, due 6/1/38 | 1000000 | 1120374 |
| &nbsp;&nbsp;5.250%, due 6/1/42 | 1000000 | 1099297 |
| &nbsp;&nbsp;5.250%, due 6/1/45 | 1000000 | 1052513 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 6/1/55<sup>(a)(b)</sup> | 1000000 | 1109096 |
| &nbsp;&nbsp;Series B Insured: AG |  |  |
| &nbsp;&nbsp;5.125%, due 9/1/42 | 1250000 | 1338437 |
|  |  | 14484803 |
| **Wisconsin — 1.4%** |  |  |
| City of Milwaukee WI, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series N2 Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/38 | 3765000 | 4221001 |
| Hudson School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;2.250%, due 3/1/27 | 500000 | 497666 |
| Public Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 3/1/41 | 1000000 | 1000518 |
| &nbsp;&nbsp;5.000%, due 3/1/46 | 3000000 | 2999874 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 6/15/34 | 300000 | 332203 |
| &nbsp;&nbsp;5.250%, due 6/15/45 | 150000 | 153836 |
| Sparta Area School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;3.000%, due 3/1/38 | 1110000 | 1032265 |
| Wisconsin Health & Educational Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 9/15/31 | 970000 | 987291 |
| Wisconsin Housing & Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: HUD SECT 8 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 12/1/27<sup>(a)(b)</sup> | 3500000 | 3565049 |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;3.625%, due 3/1/34 | 1000000 | 1019739 |
| &nbsp;&nbsp;Series B Insured: FNMA/GNMA/FHLMC |  |  |
| &nbsp;&nbsp;4.250%, due 9/1/44 | 500000 | 493875 |
| &nbsp;&nbsp;5.000%, due 9/1/39 | 1000000 | 1093340 |
| Wisconsin Housing & Economic Development Authority Housing Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;3.100%, due 11/1/56<sup>(a)(b)</sup> | 1300000 | 1303339 |
|  |  | 18699996 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Wyoming — 0.4%** |  |  |
| County of Campbell WY, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.625%, due 7/15/39 | $1170000 | $1134795 |
| Sweetwater County 2023 Specific Purpose Tax Joint Powers Board, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series AG Insured: AG-CR |  |  |
| &nbsp;&nbsp;5.000%, due 6/15/28 | 3000000 | 3170335 |
| Wyoming Community Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;4.300%, due 12/1/40 | 1000000 | 1033019 |
|  |  | 5338149 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;**(Cost $1,336,146,694)** |  | 1368181339 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Short-Term Investment — 1.4%** |  |  |
| **Money Market Fund — 1.4%** |  |  |
| Dreyfus Government Cash Management Fund, Institutional Shares, 3.58%<sup>(d)</sup> |  |  |
| **(Cost $18,838,650)** | 18838650 | 18838650 |
| **Total Investments — 101.3%<br> (Cost $1,354,985,344)** |  | 1387019989 |
| **Other Assets and Liabilities,<br> Net — (1.3)%** |  | (17125669) |
| **Net Assets — 100.0%** |  | $1369894320 |

---

------

(a) Adjustable rate security with an interest
 rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current
 market conditions.

(b) Variable rate securities that may be tendered back to
 the issuer at any time prior to maturity at par. Rate shown is the rate in effect as of January 31, 2026.

(c) The security was issued on a discount basis with no stated
 coupon rate. Rate shown reflects the effective yield.

(d) Reflects the 1-day yield at January 31, 2026.

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| AG | - Assured Guaranty Ltd. |
| BAM | - Build America Mutual Assurance Co. |
| CR | - Custodial Receipts |
| COLL | - Collection |
| FHLMC | - Federal Home Loan Mortgage Corp. |
| FNMA | - Federal National Mortgage Association |
| GNMA | - Government National Mortgage Association |
| GTD | - Guaranteed |
| HUD SECT 8 | - Housing and Urban Development Section 8 |
| NATL | - National Public Finance Guarantee Corp. |
| PSF-GTD | - Permanent School Fund Guaranteed |
| Q-SBLF | - Qualified School Bond Loan Fund |
| SCH BD GTY | - School Bond Guaranty Program |
| SCH BD RES FD | - School Board Resolution Fund |
| SCSDE | - South Carolina Department of Education |
| SD CRED PROG | - School District Credit Enhancement Program |
| SOFR | - Secured Overnight Financing Rate |
| ST AID WITHHLDG | - State Aid Withholding |
| ST INTERCEPT | - State Tax Intercept |
| TCRS | - Transferable Custodial Receipts |
| UT CSCE | - Utah Charter School Credit Enhancement |

---

Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (continued)

------

January 31, 2026 (unaudited)

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2026. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund's most recent semi-annual or annual financial statements.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| Investments in Securities:<sup>(e)</sup> |  |  |  |  |
| &nbsp;&nbsp;Municipal Bonds | $— | $1368181339 | $— | $1368181339 |
| Short-Term Investment: |  |  |  |  |
| &nbsp;&nbsp;Money Market Fund | 18838650 |  |  | 18838650 |
| Total Investments in Securities | $18838650 | $1368181339 | $— | $1387019989 |

---

------

(e) For a complete
 listing of investments and their states, see the Schedule of Investments.

For the period ended January 31, 2026, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New York Life Investments Active ETF Trust

- **b. Investment Company Act file number:** 811-22739

- **c. CIK number of Registrant:** 0001426439

- **d. LEI of Registrant:** 549300VWZDQ61K9DOP39

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 888-474-7725

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

- **a. Name of Series:** NYLI MacKay Muni Intermediate ETF

- **b. EDGAR series identifier (if any):** S000057661

- **c. LEI of Series:** 5493000OQOCJBWLENV85

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1388563617.89

**Total Liabilities:** $23402375.47

**Net Assets:** $1365161242.42

**Delayed Delivery Securities:** $17848262.90

**Cash Not Reported:** $1586835.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2184.88493000 | **1-Year:** 47660.62007000 | **5-Year:** 272839.48885000 | **10-Year:** 473546.83749000 | **30-Year:** 7519.19444000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000184311 | 0.28%                | 0.29%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4245.79                 | $12448.30                                  |
| Month 2  | $3125.91                 | $-333621.29                                |
| Month 3  | $46255.52                | $8027085.38                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 423                                  | CUSIP: 41429KDL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313173.00    | 0.02%             | 2028-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY           | Minnesota Housing Finance Agency                                                 | CUSIP: 60416USS5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1108764.16   | 0.08%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OREGON ST                          | State of Oregon                                                                  | CUSIP: 68609UPM1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2285572.40   | 0.17%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 65000B7M4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1541174.18   | 0.11%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WRIGHT CITY MO SCH DIST #R-2       | Wright City R-II School District                                                 | CUSIP: 982260HR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $598782.00    | 0.04%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &      | Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | CUSIP: 745160TT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1901289.40   | 0.14%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH     | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304852.11    | 0.02%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204FC86<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $555164.40    | 0.04%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUDSON MA                          | Town of Hudson MA                                                                | CUSIP: 443852XA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005130.90   | 0.07%             | 2026-06-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUADALUPE-BLANCO TX RIVER AUTH     | Guadalupe-Blanco River Authority                                                 | CUSIP: 400525AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2223065.00   | 0.16%             | 2042-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HLTH FACS AUTH REV     | Delaware State Health Facilities Authority                                       | CUSIP: 246388VT6<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1575942.60   | 0.12%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RICHMOND MI CMNTY SCHS             | Richmond Community Schools/MI                                                    | CUSIP: 765177CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2709176.87   | 0.20%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH     | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Z23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109095.90   | 0.08%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA BAY FL WTR REGL WTR SPLY     | Tampa Bay Water                                                                  | CUSIP: 875124HW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $786853.88    | 0.06%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINCHESTER VA ECON DEV AUTH RE     | Winchester Economic Development Authority                                        | CUSIP: 973122AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1573206.77   | 0.12%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL AREA HSG FIN CORP TX       | Capital Area Housing Finance Corp                                                | CUSIP: 139726CP6<br>LEI: 549300XICE1XLI0VXV87 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2850377.06   | 0.21%             | 2041-01-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TX UTILITY SYS REVE     | City of Georgetown TX Utility System Revenue                                     | CUSIP: 373064N59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013536.80   | 0.07%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESA AZ                            | City of Mesa AZ                                                                  | CUSIP: 5904853W6<br>LEI: 549300L1QYAKFHSIGE94 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $2091259.47   | 0.15%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU     | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645UUT9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    800000 | PA      | $814900.56    | 0.06%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMSBURG VA ECON DEV AUTH      | Williamsburg Economic Development Authority                                      | CUSIP: 969671AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000463.90   | 0.07%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST MEMPHIS AR PUBLIC UTILITY     | City of West Memphis AR Public Utility System Revenue                            | CUSIP: 954345GP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $425512.46    | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH     | West Virginia Hospital Finance Authority                                         | CUSIP: 956622X66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140313.80   | 0.08%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH       | Ohio Air Quality Development Authority                                           | CUSIP: 677525XC6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003898.00   | 0.15%             | 2036-01-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H     | Massachusetts Housing Finance Agency                                             | CUSIP: 57587A8E1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2440122.95   | 0.18%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JTA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1375184.50   | 0.10%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO     | California Municipal Finance Authority                                           | CUSIP: 130493CG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1248469.93   | 0.09%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF     | Pennsylvania Housing Finance Agency                                              | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    970000 | PA      | $1059296.84   | 0.08%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WRIGHT CITY MO SCH DIST #R-2       | Wright City R-II School District                                                 | CUSIP: 982260HP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $40728.96     | 0.00%             | 2031-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX                      | City of Fort Worth TX                                                            | CUSIP: 349426DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $366901.50    | 0.03%             | 2040-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON CNTY VA INDL DEV AUT     | Arlington County Industrial Development Authority                                | CUSIP: 04144PDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1128875.63   | 0.08%             | 2049-09-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041319.00   | 0.08%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND RIVER CO HOSP DIST           | Grand River Hospital District                                                    | CUSIP: 386448EQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $443739.65    | 0.03%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VLY CLEAN ENERGY A     | San Joaquin Valley Clean Energy Authority                                        | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124117.10   | 0.08%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST        | Fort Bend Independent School District                                            | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1327392.43   | 0.10%             | 2054-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST HGR EDU LOAN AUTH REVE     | Iowa Higher Education Loan Authority                                             | CUSIP: 46247DAB3<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    360000 | PA      | $381836.92    | 0.03%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY-E KERN CA WTR AGY     | Antelope Valley-East Kern Water Agency Financing Authority                       | CUSIP: 03672XAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17511740.80  | 1.28%             | 2055-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MF HS     | Arizona Industrial Development Authority                                         | CUSIP: 04062PBR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2541152.00   | 0.19%             | 2042-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD IL ELEC REVENUE        | City of Springfield IL Electric Revenue                                          | CUSIP: 850578UC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8340000 | PA      | $9363260.45   | 0.69%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST      | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461364X6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2898673.01   | 0.21%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEST MEMPHIS AR PUBLIC UTILITY     | City of West Memphis AR Public Utility System Revenue                            | CUSIP: 954345GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $452552.75    | 0.03%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN      | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GK78<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044627.00   | 0.08%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF     | Pennsylvania Housing Finance Agency                                              | CUSIP: 70879QQA4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  14585000 | PA      | $14238413.73  | 1.04%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY           | Minnesota Housing Finance Agency                                                 | CUSIP: 60416S4B3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1336583.79   | 0.10%             | 2035-01-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| WRIGHT CITY MO SCH DIST #R-2       | Wright City R-II School District                                                 | CUSIP: 982260HM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $165466.62    | 0.01%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO     | New York State Dormitory Authority                                               | CUSIP: 64990FL36<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $441232.05    | 0.03%             | 2041-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395N60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1093584.39   | 0.08%             | 2056-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467BK7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998033.70    | 0.07%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL      | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250FH2<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557467.55   | 0.11%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                      | State of Washington                                                              | CUSIP: 93974EF50<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1569471.33   | 0.11%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532AL8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117131.15    | 0.01%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                     | CUSIP: 5445252M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1699590.30   | 0.12%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST MEMPHIS AR PUBLIC UTILITY     | City of West Memphis AR Public Utility System Revenue                            | CUSIP: 954345GR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $478780.19    | 0.04%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHERRY CREEK CO SCH DIST #5        | Arapahoe County School District No 5 Cherry Creek                                | CUSIP: 164555BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497141.15    | 0.04%             | 2026-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                     | State of Connecticut                                                             | CUSIP: 20772KBF5<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5725467.55   | 0.42%             | 2038-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL      | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HFA0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1305179.26   | 0.10%             | 2045-05-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &H     | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821697Z44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2606308.48   | 0.19%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S     | Long Island Power Authority                                                      | CUSIP: 542691KB5<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1786021.56   | 0.13%             | 2049-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL CAPITAL IMPT CIG     | County of Pasco FL                                                               | CUSIP: 70252AAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065659.20   | 0.08%             | 2028-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS     | Maine State Housing Authority                                                    | CUSIP: 56052F2K0<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126434.90   | 0.08%             | 2056-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2080788.33   | 0.15%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP     | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501725.40    | 0.04%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND CNTY OK HOME LOAN AU     | Cleveland County Home Loan Authority                                             | CUSIP: 186047KH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $2113922.30   | 0.15%             | 2056-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DE     | Maryland Community Development Administration                                    | CUSIP: 57419R3A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017206.70   | 0.07%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SABINE-NECHES NAV DIST TX          | Sabine-Neches Navigation District                                                | CUSIP: 78532EAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102867.10   | 0.08%             | 2037-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR     | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 220245Z72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142200.00   | 0.08%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JESUP IA CMNTY SCH DIST            | Jesup Community School District                                                  | CUSIP: 477070BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $505300.64    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE     | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597525.35   | 0.12%             | 2043-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA HSG FIN AGY M     | District of Columbia Housing Finance Agency                                      | CUSIP: 25477PQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4508739.00   | 0.33%             | 2028-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY      | North Carolina Housing Finance Agency                                            | CUSIP: 658207X42<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    850000 | PA      | $919623.67    | 0.07%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION      | Central Texas Turnpike System                                                    | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088481.50   | 0.08%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP MF HSG R     | Louisiana Housing Corp                                                           | CUSIP: 54627CCJ0<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    805000 | PA      | $809745.80    | 0.06%             | 2044-07-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE          | County of Utah UT                                                                | CUSIP: 917393BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1974754.79   | 0.14%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN     | Iowa Finance Authority                                                           | CUSIP: 46247EDL6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1087799.61   | 0.08%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY     | Fort Bend County Municipal Utility District No 167                               | CUSIP: 34682YJA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $109390.85    | 0.01%             | 2033-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204FT47<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003774.90   | 0.07%             | 2031-05-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA     | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917TTK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2315912.80   | 0.17%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH STUDENT      | Arizona Industrial Development Authority                                         | CUSIP: 04052VAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $346015.41    | 0.03%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WALTON CNTY GA WTR & SWR AUTH      | Walton County Water & Sewer Authority                                            | CUSIP: 93342PFM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $462545.39    | 0.03%             | 2043-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 423                                  | CUSIP: 41429KDM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $339604.72    | 0.02%             | 2029-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 167593M33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2810949.21   | 0.21%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZOS CNTY TX MUNI UTILITY DI     | Brazos County Municipal Utility District No 1                                    | CUSIP: 106206HB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $647061.53    | 0.05%             | 2041-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225MT0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079144.90   | 0.08%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY OH HOSP FACS IMPT     | County of Fayette OH                                                             | CUSIP: 312446AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1162471.70   | 0.09%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH STUDENT      | Arizona Industrial Development Authority                                         | CUSIP: 04052VAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320585.58    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU     | Utility Debt Securitization Authority                                            | CUSIP: 91802RGY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564803.45    | 0.04%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN HLTH EDUCTNL & HSG      | Health Educational and Housing Facility Board of the City of Memphis/the         | CUSIP: 586169GB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $792263.13    | 0.06%             | 2027-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON MACOUPIN ETC CNTYS ILC     | Madison-Macoupin Etc Counties Community College District No 536/IL               | CUSIP: 557738NG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $325112.29    | 0.02%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH MF HS     | Illinois Housing Development Authority                                           | CUSIP: 45203LFB4<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016687.60   | 0.15%             | 2029-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV     | City of Farmington NM                                                            | CUSIP: 311450GD6<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046755.40   | 0.15%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBLIG       | Mississippi Development Bank                                                     | CUSIP: 60534XM37<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    455000 | PA      | $491600.88    | 0.04%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA WTR & WSTWTR REVENU     | City of Atlanta GA Water & Wastewater Revenue                                    | CUSIP: 047870NE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2507143.50   | 0.18%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1400042.28   | 0.10%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JTE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526100.15    | 0.04%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 1675935D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552726.05   | 0.11%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKEECHOBEE CNTY FL SOL WST REV     | County of Okeechobee FL                                                          | CUSIP: 678438AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021912.20   | 0.07%             | 2039-07-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| COLORADO SPRINGS CO UTILITIES      | City of Colorado Springs CO Utilities System Revenue                             | CUSIP: 1966327V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142858.60   | 0.08%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL HSG FIN AUTHM     | Pinellas County Housing Finance Authority                                        | CUSIP: 72317BAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2122896.88   | 0.16%             | 2043-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL CAPITAL IMPT CIG     | County of Pasco FL                                                               | CUSIP: 70252AAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089982.30   | 0.08%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA     | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917TTJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $507546.77    | 0.04%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN     | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 645424BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1658895.65   | 0.12%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WALTON CNTY GA WTR & SWR AUTH      | Walton County Water & Sewer Authority                                            | CUSIP: 93342PFJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $384595.51    | 0.03%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                                | CUSIP: 762196X24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $198753.01    | 0.01%             | 2041-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DE     | Maryland Community Development Administration                                    | CUSIP: 57419TWC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050387.50   | 0.08%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP SF MTGE REVENUE      | Utah Housing Corp                                                                | CUSIP: 917437UD5<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   4190000 | PA      | $4879710.03   | 0.36%             | 2055-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467BG6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    690000 | PA      | $697776.58    | 0.05%             | 2032-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                  | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3949796.25   | 0.29%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI PUBLIC SCHS        | Grand Rapids Public Schools                                                      | CUSIP: 386280PZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2118816.17   | 0.16%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CNTY UT                  | County of Salt Lake UT                                                           | CUSIP: 795676UT0<br>LEI: 5493006VYRFL1AI6GT29 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1307539.42   | 0.10%             | 2028-12-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| DURHAM NC HSG AUTH MF HSG REVE     | Durham Housing Authority                                                         | CUSIP: 266785AW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2515435.50   | 0.18%             | 2044-01-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #6 COPS      | Weld County School District No 6 Greeley                                         | CUSIP: 949341AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266357.88    | 0.02%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1812335.40   | 0.13%             | 2026-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IOWA ST HGR EDU LOAN AUTH REVE     | Iowa Higher Education Loan Authority                                             | CUSIP: 46247DAA5<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    300000 | PA      | $319788.60    | 0.02%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC     | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637AYH9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    785000 | PA      | $865332.90    | 0.06%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST RUTHERFORD NJ SCH DIST        | East Rutherford Board of Education                                               | CUSIP: 274803DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1111593.00   | 0.08%             | 2034-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR     | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 220245Z31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062211.50   | 0.08%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IN MULTI-     | Westfield-Washington Multi-School Building Corp                                  | CUSIP: 960225DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2078397.08   | 0.15%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST     | California Municipal Finance Authority                                           | CUSIP: 13049YAZ4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $421926.40    | 0.03%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH     | West Virginia Hospital Finance Authority                                         | CUSIP: 956622X82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1120374.00   | 0.08%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 57421CJP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $4286278.75   | 0.31%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT     | Michigan State Housing Development Authority                                     | CUSIP: 594654ZT5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    785000 | PA      | $869270.38    | 0.06%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MF HS     | Arizona Industrial Development Authority                                         | CUSIP: 04062PBK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001816.90   | 0.07%             | 2044-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2104662.40   | 0.15%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA     | South Jersey Transportation Authority                                            | CUSIP: 838536NR7<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1520345.52   | 0.11%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GASTON CNTY NC                     | County of Gaston NC                                                              | CUSIP: 367298A22<br>LEI: 549300RQ7QXM9RXM7Z26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1154320.90   | 0.08%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU     | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645UUS1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509075.80    | 0.04%             | 2035-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MATTESON IL                        | Village of Matteson IL                                                           | CUSIP: 577098NV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $489584.41    | 0.04%             | 2029-12-01      | Fixed         | 5.00%                 | 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        |   6250000 | PA      | $6653414.38   | 0.49%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN HLTH EDUCTNL & HSG      | Health Educational and Housing Facility Board of the City of Memphis/the         | CUSIP: 586169GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $524811.25    | 0.04%             | 2027-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST G     | Southeast Alabama Gas Supply District/The                                        | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144363.20   | 0.16%             | 2054-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CARTER CNTY OK PUBLIC FACS AUT     | Carter County Public Facilities Authority                                        | CUSIP: 146201DN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039867.30   | 0.08%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 8371515Q8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105852.00   | 0.15%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSPA     | Charlotte-Mecklenburg Hospital Authority/The                                     | CUSIP: 160853UL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.38%             | 2048-01-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F     | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QUC1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3965975.48   | 0.29%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XLL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $208772.27    | 0.02%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FXJ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    105000 | PA      | $111916.34    | 0.01%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                               | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  18838650 | NS      | $18838650.03  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MANSFIELD TX INDEP SCH DIST        | Mansfield Independent School District                                            | CUSIP: 564386VD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5280000 | PA      | $5999293.34   | 0.44%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR     | Southern California Public Power Authority                                       | CUSIP: 842469AE8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1469181.51   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOVERLEAF OH LOCAL SCH DIST C     | Cloverleaf Local School District                                                 | CUSIP: 18925PGN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058151.30   | 0.08%             | 2037-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                                | CUSIP: 452153AH2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1574151.71   | 0.12%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                     | CUSIP: 544525L97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $179081.81    | 0.01%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEWISVILLE TX INDEP SCH DIST       | Lewisville Independent School District                                           | CUSIP: 52882PAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000391.20   | 0.07%             | 2034-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS     | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   1486107 | PA      | $1498170.71   | 0.11%             | 2051-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| PHELPS CNTY MO HOSP REVENUE        | County of Phelps MO                                                              | CUSIP: 717252CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $2083163.24   | 0.15%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FKA1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $228952.95    | 0.02%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                    | County of Fairfax VA                                                             | CUSIP: 30382AEQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $656659.70    | 0.05%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE     | City of Houston TX Combined Utility System Revenue                               | CUSIP: 44244CA64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1616851.40   | 0.12%             | 2040-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 64985SMX8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $860234.85    | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN      | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139780.80   | 0.16%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE     | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $816449.95    | 0.06%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S WSTRN IL DEV AUTH REV            | Southwestern Illinois Development Authority                                      | CUSIP: 84552YTJ0<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2184361.40   | 0.16%             | 2044-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   6115000 | PA      | $6538392.82   | 0.48%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND & MERCER CNTYS ILC     | Rock Island & Mercer Counties Community Unit School District No 300              | CUSIP: 772283DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $903150.83    | 0.07%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JULINGTON CREEK PLANTATION FLC     | Julington Creek Plantation Community Development District                        | CUSIP: 481367BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1354716.63   | 0.10%             | 2043-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A     | Washington Health Care Facilities Authority                                      | CUSIP: 93978HF34<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1492649.90   | 0.11%             | 2043-09-01      | 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        |   4000000 | PA      | $4217050.00   | 0.31%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD IL ELEC REVENUE        | City of Springfield IL Electric Revenue                                          | CUSIP: 850578UK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1984325.70   | 0.15%             | 2038-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GEORGIA CONVENTION CT     | Savannah Georgia Convention Center Authority                                     | CUSIP: 804828AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $664652.28    | 0.05%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BOND DEV CORP HOSP RE     | Kentucky Bond Development Corp                                                   | CUSIP: 49121DAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2346124.76   | 0.17%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MANSFIELD TX INDEP SCH DIST        | Mansfield Independent School District                                            | CUSIP: 564386VF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3988408.00   | 0.29%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU     | Philadelphia Gas Works Co                                                        | CUSIP: 7178238H4<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1459205.44   | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE NV SPL IMPT DIST #7-0     | City of Mesquite NV Special Improvement District No 07-01 Athem at Mesquite      | CUSIP: 59073RBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $993579.48    | 0.07%             | 2037-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GEO L SMITH II GA CONGRESS CTR     | George L Smith II Congress Center Authority                                      | CUSIP: 37255MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009436.30   | 0.07%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                                | CUSIP: 452153AJ8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091678.90   | 0.08%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 1675938H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5597595.50   | 0.41%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRISONBURG VA                    | City of Harrisonburg VA                                                          | CUSIP: 415666RW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2094652.50   | 0.15%             | 2035-07-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS     | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAU8<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   1086794 | PA      | $1060989.51   | 0.08%             | 2039-08-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| IOWA ST HGR EDU LOAN AUTH REVE     | Iowa Higher Education Loan Authority                                             | CUSIP: 46247DAC1<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    365000 | PA      | $385232.32    | 0.03%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY DEV AUTH HSG      | Wyoming Community Development Authority                                          | CUSIP: 98322QS81<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033018.40   | 0.08%             | 2040-12-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FAYETTEVILLE NC PUBLIC WKS COM     | City of Fayetteville NC Public Works Commission Revenue                          | CUSIP: 312805LX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $2945157.41   | 0.22%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF TRANSPRTN HI     | State of Oregon Department of Transportation                                     | CUSIP: 68607DUN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5258140.00   | 0.39%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH MF RE     | Michigan State Housing Development Authority                                     | CUSIP: 594650UJ0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010954.60   | 0.15%             | 2026-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &S     | Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | CUSIP: 745160TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1901289.40   | 0.14%             | 2042-07-01      | Fixed         | 4.00%                 | 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        |   3000000 | PA      | $3234694.80   | 0.24%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261ACH8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503182.80    | 0.04%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA     | City of Galveston TX Wharves & Terminal Revenue                                  | CUSIP: 364568KZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064568.80   | 0.08%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSG SYNERGY PFC TX MF HSG REVE     | Housing Synergy PFC                                                              | CUSIP: 44184QAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI     | Washington State Housing Finance Commission                                      | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |    991155 | PA      | $976194.43    | 0.07%             | 2050-03-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN     | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 645424BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1685293.65   | 0.12%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                            | State of Ohio                                                                    | CUSIP: 677522W59<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    700000 | PA      | $635176.36    | 0.05%             | 2033-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG CNTY SC SCH DIST #     | Spartanburg County School District No 4/SC                                       | CUSIP: 847031CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2092025.08   | 0.15%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANSFIELD TX INDEP SCH DIST        | Mansfield Independent School District                                            | CUSIP: 564386VE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $6001305.89   | 0.44%             | 2040-02-15      | 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        |   2500000 | PA      | $2701878.00   | 0.20%             | 2054-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA AR SALES & USE TAX        | City of Magnolia AR Sales & Use Tax Revenue                                      | CUSIP: 559560CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2157515.33   | 0.16%             | 2055-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225GJ9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057263.00   | 0.08%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261A2F3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1043586.66   | 0.08%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLD HILL MESA MET DIST #2 CO      | Gold Hill Mesa Metropolitan District No 2                                        | CUSIP: 38060PAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $155774.08    | 0.01%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244NW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372846.43    | 0.03%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST MUNI PWR AGY            | Indiana Municipal Power Agency                                                   | CUSIP: 454898YV3<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1327763.54   | 0.10%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G     | Central Plains Energy Project                                                    | CUSIP: 154871CC9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031139.90   | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &S     | Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | CUSIP: 745160TE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1907000 | PA      | $1995729.28   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWNSBURG IN 1999 SCH BLDG CO     | Brownsburg 1999 School Building Corp                                             | CUSIP: 116083ZP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5730000 | PA      | $6241477.56   | 0.46%             | 2041-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH POLL CONTR     | Indiana Finance Authority                                                        | CUSIP: 45505VAD8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1631569.01   | 0.12%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY & CNTY DEDICATE     | City & County of Denver CO Pledged Excise Tax Revenue                            | CUSIP: 24917DAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005439.40   | 0.07%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR AZ WTR & SWR REVENUE      | City of Goodyear AZ Water & Sewer Revenue                                        | CUSIP: 382900GF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2148372.20   | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MF     | FHLMC Multifamily VRD Certificates                                               | CUSIP: 31350ADQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3077771 | PA      | $3156132.01   | 0.23%             | 2041-08-25      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| BRAZOS CNTY TX MUNI UTILITY DI     | Brazos County Municipal Utility District No 1                                    | CUSIP: 106206GX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $547525.88    | 0.04%             | 2037-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH         | Colorado Housing and Finance Authority                                           | CUSIP: 196480DQ7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    325000 | PA      | $327172.40    | 0.02%             | 2050-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &      | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821691AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1381376.75   | 0.10%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TX MUNI UTILIT     | Montgomery County Municipal Utility District No 126                              | CUSIP: 61371RBV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $306656.54    | 0.02%             | 2039-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6735000 | PA      | $7060955.82   | 0.52%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL SCH DIST #114 MAN     | Will County School District No 114 Manhattan                                     | CUSIP: 968838JU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $625847.08    | 0.05%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLD HILL MESA MET DIST #2 CO      | Gold Hill Mesa Metropolitan District No 2                                        | CUSIP: 38060PAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $153091.04    | 0.01%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN     | Massachusetts Bay Transportation Authority Sales Tax Revenue                     | CUSIP: 575579ZR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $853472.40    | 0.06%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L     | New York Liberty Development Corp                                                | CUSIP: 649519ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $869364.09    | 0.06%             | 2041-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532AW4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    525000 | PA      | $571348.37    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH      | New Hampshire Housing Finance Authority                                          | CUSIP: 64469D6X4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1479121.22   | 0.11%             | 2056-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD     | New York State Housing Finance Agency                                            | CUSIP: 64987J4L2<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514046.90   | 0.11%             | 2064-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TRUNK LINE             | State of Michigan Trunk Line Revenue                                             | CUSIP: 5946954N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2222075.40   | 0.16%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB     | Mississippi Development Bank                                                     | CUSIP: 60534W8A9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1067052.88   | 0.08%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HILLSDALE NJ SCH DIST              | Hillsdale School District                                                        | CUSIP: 432542FH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1696165.50   | 0.12%             | 2031-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH LEASE     | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885MBV3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8428549.60   | 0.62%             | 2044-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DN32<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1552492.72   | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN     | Tennessee Housing Development Agency                                             | CUSIP: 8804614L9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1533119.04   | 0.11%             | 2036-07-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L     | California State Public Works Board                                              | CUSIP: 13068XRJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5212981.80   | 0.38%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S     | Intermountain Power Agency                                                       | CUSIP: 45884AF32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $1083561.97   | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD HSG OPPNTYS     | Montgomery County Housing Opportunities Commission                               | CUSIP: 613347SR5<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043681.40   | 0.08%             | 2034-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH     | West Virginia Hospital Finance Authority                                         | CUSIP: 956622T95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1539472.05   | 0.11%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1589293.20   | 0.12%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS     | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    978252 | PA      | $992048.21    | 0.07%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP MF REVENU     | Kentucky Housing Corp                                                            | CUSIP: 49131CAF9<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507475.10   | 0.11%             | 2030-05-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA                     | City of New Orleans LA                                                           | CUSIP: 64763FE62<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1384654.13   | 0.10%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU     | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QTK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019738.80   | 0.07%             | 2034-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A     | New Jersey Housing & Mortgage Finance Agency                                     | CUSIP: 6461084M9<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008872.00   | 0.07%             | 2027-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532NR1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2607177.15   | 0.19%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST ELEC      | Omaha Public Power District                                                      | CUSIP: 682001FX5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    835000 | PA      | $855825.32    | 0.06%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST          | Leander Independent School District                                              | CUSIP: 521841Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $795628.30    | 0.06%             | 2033-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DN24<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3334446.00   | 0.24%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN     | Illinois Housing Development Authority                                           | CUSIP: 45203MF55<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1099164.28   | 0.08%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SPL SCH DIST #1     | Minneapolis Special School District No 1                                         | CUSIP: 603790LU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1316562.25   | 0.10%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH PERSO     | New York State Thruway Authority                                                 | CUSIP: 650028XD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1153451.12   | 0.08%             | 2043-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NASH HLTH CARE SYS NC HLTH CAR     | Nash Health Care Systems                                                         | CUSIP: 631163BM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $539119.99    | 0.04%             | 2044-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD POLL CO     | Industrial Development Board of the City of Mobile Alabama                       | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035069.40   | 0.15%             | 2034-06-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 1675933Z3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1479326.58   | 0.11%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR     | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 2202455F7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1642957.77   | 0.12%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVON IN CMNTY SCH BLDG CORP        | Avon Community School Building Corp                                              | CUSIP: 054071PB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127521.80   | 0.08%             | 2038-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SPL OBLG            | City of Kansas City MO                                                           | CUSIP: 485106YN2<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1320046.13   | 0.10%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE     | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8614263.80   | 0.63%             | 2046-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TERRE HAUTE IN SANTN DIST          | Terre Haute Sanitary District                                                    | CUSIP: 881100ED9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1541162.11   | 0.11%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV     | City of Farmington NM                                                            | CUSIP: 311450FV7<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2658231.90   | 0.19%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE     | Tempe Industrial Development Authority                                           | CUSIP: 87972MCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003948.30   | 0.07%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MED UNIV SC HOSP AUTH HOSP MTG     | Medical University Hospital Authority                                            | CUSIP: 58463YBA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2146120.80   | 0.16%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONWAY AR TELECOMMUNICATIONS R     | City of Conway AR Telecommunications Revenue                                     | CUSIP: 212609AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $377050.10    | 0.03%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                  | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4335756.65   | 0.32%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7230000 | PA      | $7786954.37   | 0.57%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST      | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461367B1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1412581.95   | 0.10%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV     | City of Farmington NM                                                            | CUSIP: 311450FW5<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1772154.60   | 0.13%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| CONWAY AR TELECOMMUNICATIONS R     | City of Conway AR Telecommunications Revenue                                     | CUSIP: 212609AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320581.80    | 0.02%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBLIG       | Mississippi Development Bank                                                     | CUSIP: 60534XS72<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    750000 | PA      | $847594.50    | 0.06%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MISSOURI JT MUNI ELEC UTILITY      | Missouri Joint Municipal Electric Utility Commission                             | CUSIP: 606092LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1453353.83   | 0.11%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TGW1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7015435.70   | 0.51%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRI-CNTY MET TRANSPRTN DIST OR     | Tri-County Metropolitan Transportation District of Oregon                        | CUSIP: 89546RRU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1647743.20   | 0.12%             | 2044-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE     | Chicago Midway International Airport                                             | CUSIP: 167562VP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1619761.36   | 0.12%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                  | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1911189.70   | 0.14%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DE KALB CNTY GA WTR & SWR REVE     | County of DeKalb GA Water & Sewerage Revenue                                     | CUSIP: 240523D64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1597237.14   | 0.12%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA FL WTR & SWR REVENUE           | JEA Water & Sewer System Revenue                                                 | CUSIP: 46615SGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070687.60   | 0.08%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE     | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031959.30   | 0.08%             | 2062-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE              | Guam Power Authority                                                             | CUSIP: 400653JZ5<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    600000 | PA      | $661408.38    | 0.05%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION     | Missouri Housing Development Commission                                          | CUSIP: 60637GMG1<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2232090.80   | 0.16%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532FE9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272070.65    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL SCH DIST #114 MAN     | Will County School District No 114 Manhattan                                     | CUSIP: 968838JR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $501343.85    | 0.04%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN     | Virginia Small Business Financing Authority                                      | CUSIP: 928104RA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $851647.73    | 0.06%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP SF MTGE REVENUE      | Utah Housing Corp                                                                | CUSIP: 917437EP6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2235210.06   | 0.16%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET ENERGY INC ENERGY      | Main Street Energy Inc                                                           | CUSIP: 560354AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6475504.20   | 0.47%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONWAY AR TELECOMMUNICATIONS R     | City of Conway AR Telecommunications Revenue                                     | CUSIP: 212609AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $325027.83    | 0.02%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA     | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JCJ0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    970000 | PA      | $987291.22    | 0.07%             | 2031-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CNTY WY 2023 SPECIF     | Sweetwater County 2023 Specific Purpose Tax Joint Powers Board                   | CUSIP: 87048HAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3170335.20   | 0.23%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP      | New York City Housing Development Corp                                           | CUSIP: 64972KLH6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1274746.75   | 0.09%             | 2065-05-01      | Variable      | 3.75%                 | 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      | $1018900.00   | 0.07%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH     | Maricopa County Industrial Development Authority                                 | CUSIP: 56682HDA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918124.80    | 0.07%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A     | Washington Health Care Facilities Authority                                      | CUSIP: 93978HZR9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |     95000 | PA      | $94591.65     | 0.01%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204ENW4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968333.50    | 0.07%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU     | Louisiana Public Facilities Authority                                            | CUSIP: 546399UQ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2045193.00   | 0.15%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY & PHOENIX AZ IND     | Maricopa County & Phoenix Industrial Development Authorities                     | CUSIP: 566736HU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1073961.87   | 0.08%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH HLTH FACS REV     | Iowa Finance Authority                                                           | CUSIP: 462466GK3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1751657.12   | 0.13%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                 | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118684.80   | 0.16%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 837151T25<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2250290.60   | 0.16%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO     | Akron Bath Copley Joint Township Hospital District                               | CUSIP: 009730PQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1349390.20   | 0.10%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395ZM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1139109.30   | 0.08%             | 2055-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TX MUNI UTIL D     | Montgomery County Municipal Utility District No 95                               | CUSIP: 61370NMK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $568596.84    | 0.04%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT COLLINS-LOVELAND CO WTR D     | Fort Collins-Loveland Water District                                             | CUSIP: 347163CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1496383.20   | 0.11%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &      | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821691AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2165624.60   | 0.16%             | 2044-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244NV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $377074.99    | 0.03%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY           | Minnesota Housing Finance Agency                                                 | CUSIP: 60416TPK8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3567203.81   | 0.26%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH     | Atlanta Urban Residential Finance Authority                                      | CUSIP: 04785VCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5037541.00   | 0.37%             | 2030-02-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST HOME CORP SF MT     | Mississippi Home Corp                                                            | CUSIP: 60535QS35<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088782.90   | 0.08%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                              | CUSIP: 64966SMN3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602357.30   | 0.12%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 64985SND1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1206208.75   | 0.09%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467AS1<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027996.10   | 0.08%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR      | Los Angeles Department of Water & Power                                          | CUSIP: 5444957Z1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    630000 | PA      | $670842.02    | 0.05%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRADITION CDD #9 FL SPL ASSMNT     | Tradition Community Development District No 9                                    | CUSIP: 89269NAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1173716.76   | 0.09%             | 2041-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3377581.75   | 0.25%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA HSG FIN AGY M     | District of Columbia Housing Finance Agency                                      | CUSIP: 25477PPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007413.00   | 0.15%             | 2041-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   9065000 | PA      | $9164324.30   | 0.67%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST STADIUM AUTH REVEN     | Maryland Stadium Authority                                                       | CUSIP: 574296BV0<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1867896.58   | 0.14%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S     | North Texas Municipal Water District Water System Revenue                        | CUSIP: 662903H48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3409881.90   | 0.25%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY      | North Carolina Housing Finance Agency                                            | CUSIP: 658207YM1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938926.00    | 0.07%             | 2035-01-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R     | Massachusetts Development Finance Agency                                         | CUSIP: 57585BRR1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2156494.40   | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A     | Texas Department of Housing & Community Affairs                                  | CUSIP: 88275FSE0<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1610512.80   | 0.12%             | 2045-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE     | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837032CU3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987079.80    | 0.07%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1653805.50   | 0.12%             | 2060-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244NU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $379746.19    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SCH DIST     | Denver City & County School District No 1                                        | CUSIP: 249174ZL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1937878.80   | 0.14%             | 2047-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A     | Washington Health Care Facilities Authority                                      | CUSIP: 93978HZW8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4312029.20   | 0.32%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC      | City of Atlanta GA Airport Passenger Facility Charge                             | CUSIP: 04780TEA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1366365.50   | 0.10%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT     | Indiana Housing & Community Development Authority                                | CUSIP: 45505T2W0<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    310000 | PA      | $325630.73    | 0.02%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA          | Municipal Electric Authority of Georgia                                          | CUSIP: 626207W91<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3609335.45   | 0.26%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP     | State of Oregon Housing & Community Services Department                          | CUSIP: 6860875V5<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    940000 | PA      | $1054427.23   | 0.08%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOLD HILL MESA MET DIST #2 CO      | Gold Hill Mesa Metropolitan District No 2                                        | CUSIP: 38060PAM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222139.62    | 0.02%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUDSON WI SCH DIST                 | Hudson School District                                                           | CUSIP: 444197MC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497665.95    | 0.04%             | 2027-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE     | South Carolina State Housing Finance & Development Authority                     | CUSIP: 83712D8U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1140620.98   | 0.08%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HAR4<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069158.20   | 0.08%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HLTH CARE SYS R     | City of Grand Forks ND                                                           | CUSIP: 38546WES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1253537.50   | 0.09%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                                                  | CUSIP: 419792YG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1153882.31   | 0.08%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE     | Delaware State Economic Development Authority                                    | CUSIP: 246387SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2071828.01   | 0.15%             | 2045-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD     | New York State Housing Finance Agency                                            | CUSIP: 64987J6Z9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3452273.17   | 0.25%             | 2065-05-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN      | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GN26<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2638755.75   | 0.19%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX INDEP SCH DIST        | Arlington Independent School District/TX                                         | CUSIP: 0418263E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503344.55   | 0.11%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT LA WTR & SWR REVENU     | City of Shreveport LA Water & Sewer Revenue                                      | CUSIP: 825485WM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104907.53    | 0.01%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467CC4<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    645000 | PA      | $630405.52    | 0.05%             | 2038-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO SCH DIST HICKM     | Hickman Mills C-1 School District/MO                                             | CUSIP: 46741RDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3692243.25   | 0.27%             | 2042-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1      | Matagorda County Navigation District No 1                                        | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974646.30    | 0.07%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO     | New York State Dormitory Authority                                               | CUSIP: 64990FZW7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510767.75   | 0.11%             | 2041-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JOBSOHIO BEVERAGE SYS STWD LIQ     | JobsOhio Beverage System                                                         | CUSIP: 47770VCE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5970282.14   | 0.44%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HSG & MTGE FIN     | Rhode Island Housing & Mortgage Finance Corp                                     | CUSIP: 76221SDM0<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040560.00   | 0.08%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HLTH CARE SYS R     | City of Grand Forks ND                                                           | CUSIP: 38546WDY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $726500.27    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARKER CNTY TX                     | County of Parker TX                                                              | CUSIP: 701060JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6625000 | PA      | $6711274.06   | 0.49%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRI-CREEK IN 2002 HIGH SCH BLD     | Tri-Creek 2002 High School Building Corp                                         | CUSIP: 89556GJF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100732.50   | 0.08%             | 2043-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F     | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6737966.40   | 0.49%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH      | Illinois State Toll Highway Authority                                            | CUSIP: 452252JV2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2133036.53   | 0.16%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KELSEYVILLE CA UNIF SCH DIST       | Kelseyville Unified School District                                              | CUSIP: 488224DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $124241.06    | 0.01%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JOLIET IL                          | City of Joliet IL                                                                | CUSIP: 479754NP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098132.50   | 0.08%             | 2040-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO CNTY WV CNTY COMMISSION S     | County of Ohio WV Special District Excise Tax Revenue                            | CUSIP: 67732PEU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $585293.94    | 0.04%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX HLTH FACS DEV C     | Harris County Health Facilities Development Corp                                 | CUSIP: 41315RGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.37%             | 2041-12-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| FOUR LAKES SPL ASSMNT DIST MI      | Four Lakes Special Assessment District                                           | CUSIP: 35088BAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2249173.98   | 0.16%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH MF HS     | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 718903RV1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006007.10   | 0.07%             | 2059-02-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GTD R     | Philadelphia Housing Authority                                                   | CUSIP: 71783TAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2810675.42   | 0.21%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP     | City of Phoenix Civic Improvement Corp                                           | CUSIP: 71883MRM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610181.90   | 0.12%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST #1 CO SPL RE     | Baseline Metropolitan District No 1                                              | CUSIP: 069826AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114022.80   | 0.08%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HSG & MTGE FIN     | Rhode Island Housing & Mortgage Finance Corp                                     | CUSIP: 76221SBJ9<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078480.30   | 0.08%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION     | Metropolitan Water Reclamation District of Greater Chicago                       | CUSIP: 167560UM1<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007314.00   | 0.07%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT      | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $352945.30    | 0.03%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENESEE CNTY MI                    | County of Genesee MI                                                             | CUSIP: 371608WB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $231858.17    | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204FJD8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1438142.42   | 0.11%             | 2030-08-15      | 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: 74527EFM5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    500000 | PA      | $541526.40    | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO     | California Municipal Finance Authority                                           | CUSIP: 130493CB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260541.83    | 0.02%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO CNTY WV CNTY COMMISSION S     | County of Ohio WV Special District Excise Tax Revenue                            | CUSIP: 67732PET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $619299.12    | 0.05%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH      | Illinois State Toll Highway Authority                                            | CUSIP: 452252JW0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1652211.17   | 0.12%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HLTH CARE SYS R     | City of Grand Forks ND                                                           | CUSIP: 38546WDX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528639.95    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF ADMIN SVCS L     | Oregon State Lottery                                                             | CUSIP: 68607V6M2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1438127.38   | 0.11%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH SF MT     | Arkansas Development Finance Authority                                           | CUSIP: 041083E51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096665.20   | 0.08%             | 2056-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                       | City of Milwaukee WI                                                             | CUSIP: 6023664F0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $4221000.61   | 0.31%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU              | Chicago Board of Education                                                       | CUSIP: 167505UD6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052181.60   | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F     | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJW4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1695273.30   | 0.12%             | 2051-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                                 | CUSIP: 13032U4X3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1428294.75   | 0.10%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HLTH CARE SYS R     | City of Grand Forks ND                                                           | CUSIP: 38546WDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407324.68    | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION      | Central Texas Turnpike System                                                    | CUSIP: 88283KBZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1169729.20   | 0.09%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP MF MTG     | Florida Housing Finance Corp                                                     | CUSIP: 34074HHZ8<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    800000 | PA      | $804432.32    | 0.06%             | 2043-07-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| JOLIET IL                          | City of Joliet IL                                                                | CUSIP: 479754NN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105841.60   | 0.08%             | 2039-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HLTH CARE SYS R     | City of Grand Forks ND                                                           | CUSIP: 38546WDW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $466535.07    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAUDERHILL FL WTR & SWR REVENU     | City of Lauderhill FL Water & Sewer Revenue                                      | CUSIP: 518557SM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044231.80   | 0.08%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S     | Intermountain Power Agency                                                       | CUSIP: 45884AB69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1128268.63   | 0.08%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET ST UNIV OF DENVER CO INSTN     | Metropolitan State University of Denver                                          | CUSIP: 592573BN8<br>LEI: 549300N1SATRVUALT408 | Long             | DBT              | MUN               | US        |    945000 | PA      | $1039087.41   | 0.08%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532QD9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $589260.65    | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN     | State of Iowa Board of Regents                                                   | CUSIP: 46256QPZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012649.90   | 0.07%             | 2043-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T     | Territory of Guam                                                                | CUSIP: 40065NDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2226985.80   | 0.16%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FW RAMBLE PUBLIC FAC CORP TX R     | FW Ramble Public Facility Corp                                                   | CUSIP: 302708AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997626.80    | 0.07%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY           | Minnesota Housing Finance Agency                                                 | CUSIP: 60416UQP3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1464041.62   | 0.11%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CANYONS UT SCH DIST                | Canyons School District                                                          | CUSIP: 139078GB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1496983.92   | 0.11%             | 2035-06-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SHERMAN TX INDEP SCH DIST          | Sherman Independent School District/TX                                           | CUSIP: 824178F36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1429707.63   | 0.10%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JNN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1322357.75   | 0.10%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FWJ9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1141255.20   | 0.08%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONRAD WEISER PA AREA SCH DIST     | Conrad Weiser Area School District                                               | CUSIP: 208356LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017303.40   | 0.07%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089641.80   | 0.08%             | 2059-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| POST WOOD TX MUNI UTILITY DIST     | Post Wood Municipal Utility District/TX                                          | CUSIP: 737513FC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $349986.42    | 0.03%             | 2034-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 837151XC8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    675000 | PA      | $668256.95    | 0.05%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL     | South Dakota Health & Educational Facilities Authority                           | CUSIP: 83755VW83<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1670224.20   | 0.12%             | 2051-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO CNTY WV CNTY COMMISSION S     | County of Ohio WV Special District Excise Tax Revenue                            | CUSIP: 67732PEV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1077961.07   | 0.08%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G     | Central Plains Energy Project                                                    | CUSIP: 154871CE5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1839620.21   | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOLIET IL                          | City of Joliet IL                                                                | CUSIP: 479754NM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096984.20   | 0.08%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT CNTY OH DEV FIN AUTH ST     | Summit County Development Finance Authority                                      | CUSIP: 86607LAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $502679.30    | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JB98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $2025642.92   | 0.15%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN     | State of Iowa Board of Regents                                                   | CUSIP: 46256QPY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1247312.62   | 0.09%             | 2042-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5240395.50   | 0.38%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532QE7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1318806.96   | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT      | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500579.00   | 0.18%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL      | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HEN3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1317358.38   | 0.10%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH     | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Y40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099297.10   | 0.08%             | 2042-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND & MERCER CNTYS ILC     | Rock Island & Mercer Counties Community Unit School District No 300              | CUSIP: 772283EA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $585627.68    | 0.04%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO     | New York State Dormitory Authority                                               | CUSIP: 64990KAV5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5192.05      | 0.00%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY        | North Dakota Housing Finance Agency                                              | CUSIP: 65889BBC7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1111251.74   | 0.08%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TAN7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1617218.84   | 0.12%             | 2052-10-01      | Variable      | 2.63%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SC     | New Jersey Economic Development Authority                                        | CUSIP: 645912FZ4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $541434.60    | 0.04%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF ADMIN SVCS L     | Oregon State Lottery                                                             | CUSIP: 68607V6P5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2825975.25   | 0.21%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT     | Utah Charter School Finance Authority                                            | CUSIP: 91754TW90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245731.93    | 0.02%             | 2040-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP       | New York Energy Finance Development Corp                                         | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3730021.40   | 0.27%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D     | Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | CUSIP: 592643BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3192246.60   | 0.23%             | 2044-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT     | Miami-Dade County Housing Finance Authority                                      | CUSIP: 593344CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016526.90   | 0.07%             | 2029-03-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| CONWAY AR TELECOMMUNICATIONS R     | City of Conway AR Telecommunications Revenue                                     | CUSIP: 212609AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $364443.65    | 0.03%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS     | New Hampshire Business Finance Authority                                         | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   1221089 | PA      | $1219691.62   | 0.09%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY MF     | Pennsylvania Housing Finance Agency                                              | CUSIP: 708797BG9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520236.30    | 0.04%             | 2041-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6986038.41   | 0.51%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 837151XA2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2257260.30   | 0.17%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1809968.40   | 0.13%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R     | Indiana Finance Authority                                                        | CUSIP: 45470YGG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2534764.92   | 0.19%             | 2057-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GREATER CLARK IN BLDG CORP         | Greater Clark Building Corp                                                      | CUSIP: 39167GJP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1184739.30   | 0.09%             | 2034-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN     | State of Iowa Board of Regents                                                   | CUSIP: 46256QPX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3297000 | PA      | $3353390.90   | 0.25%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG     | Public Finance Authority                                                         | CUSIP: 74439YFT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153836.28    | 0.01%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1323541.75   | 0.10%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO     | Akron Bath Copley Joint Township Hospital District                               | CUSIP: 009730PL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1203410.78   | 0.09%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND & MERCER CNTYS ILC     | Rock Island & Mercer Counties Community Unit School District No 300              | CUSIP: 772283EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1870553.94   | 0.14%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOUR LAKES SPL ASSMNT DIST MI      | Four Lakes Special Assessment District                                           | CUSIP: 35088BAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1789578.27   | 0.13%             | 2045-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FLA INDL DEV     | Hillsborough County Industrial Development Authority                             | CUSIP: 43233KAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1503560.02   | 0.11%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH         | Colorado Housing and Finance Authority                                           | CUSIP: 19648GXF4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018976.00   | 0.07%             | 2029-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU     | Wisconsin Housing & Economic Development Authority Housing Revenue               | CUSIP: 9769046M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1303338.53   | 0.10%             | 2056-11-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| MANHATTAN KS                       | City of Manhattan KS                                                             | CUSIP: 562895XS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1699334.32   | 0.12%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEVA     | California Statewide Communities Development Authority                           | CUSIP: 13078HAY8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947292.00    | 0.07%             | 2029-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A     | California Enterprise Development Authority                                      | CUSIP: 13067RFT5<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $489519.10    | 0.04%             | 2040-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH SPL OBL     | Maine Turnpike Authority                                                         | CUSIP: 560543CH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $271158.60    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                              | CUSIP: 13063CX54<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503733.65    | 0.04%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TX MUNI UTIL D     | Montgomery County Municipal Utility District No 95                               | CUSIP: 61370NDU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $320924.40    | 0.02%             | 2034-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OHIO CNTY WV CNTY COMMISSION S     | County of Ohio WV Special District Excise Tax Revenue                            | CUSIP: 67732PEZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062261.60   | 0.08%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONONDAGA NY CIVIC DEV CORP         | Onondaga Civic Development Corp                                                  | CUSIP: 682832LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $566207.30    | 0.04%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A     | California Enterprise Development Authority                                      | CUSIP: 13067RFS7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    695000 | PA      | $699214.90    | 0.05%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM     | North Carolina Medical Care Commission                                           | CUSIP: 65821DZQ7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1254367.40   | 0.09%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DXV9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1551393.97   | 0.11%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CNTY CA TRANSPRTN AU     | San Mateo County Transit District Sales Tax Revenue                              | CUSIP: 79905CAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4260000.00   | 0.31%             | 2049-06-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| SUMMIT CNTY OH DEV FIN AUTH ST     | Summit County Development Finance Authority                                      | CUSIP: 86607LAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $984138.06    | 0.07%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467AG7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407872.16    | 0.03%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVING TX INDEP SCH DIST           | Irving Independent School District                                               | CUSIP: 463813L60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1648094.66   | 0.12%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENESEE CNTY MI                    | County of Genesee MI                                                             | CUSIP: 371608VZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95211.76     | 0.01%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSG OPTIONS INC TX MF REVENUE      | Housing Options Inc/TX                                                           | CUSIP: 44183TAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3872011.22   | 0.28%             | 2045-02-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL     | South Dakota Health & Educational Facilities Authority                           | CUSIP: 83755V2H6<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071457.20   | 0.08%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC     | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637AYM8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053336.10   | 0.08%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A     | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750D33<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1127900.38   | 0.08%             | 2056-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I     | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45527CEB4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1660685.40   | 0.12%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA     | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917RKC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59676.56     | 0.00%             | 2027-07-01      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                                | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040134.00   | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHEELING WV WTRWKS & SWR SYS R     | City of Wheeling WV Waterworks & Sewerage System Revenue                         | CUSIP: 963270JU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523652.00    | 0.04%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SPL OBLG            | City of Kansas City MO                                                           | CUSIP: 485106YQ5<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064280.40   | 0.08%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU     | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QUV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093340.50   | 0.08%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN     | Public Authority for Colorado Energy                                             | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2425583.94   | 0.18%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE     | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1393514.54   | 0.10%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT CNTY OH DEV FIN AUTH ST     | Summit County Development Finance Authority                                      | CUSIP: 86607LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032141.50   | 0.08%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH      | American Municipal Power Inc                                                     | CUSIP: 02765UMH4<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1281219.07   | 0.09%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO     | California Municipal Finance Authority                                           | CUSIP: 130493CC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131613.24    | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG SC REGL HLTH SVCS      | Spartanburg Regional Health Services District                                    | CUSIP: 847113CF2<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |    815000 | PA      | $773681.62    | 0.06%             | 2039-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467CL4<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    940000 | PA      | $1069472.22   | 0.08%             | 2033-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HSG & MTGE FIN     | Rhode Island Housing & Mortgage Finance Corp                                     | CUSIP: 76221RY23<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    350000 | PA      | $371232.47    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TUCSON & PIMA CNTYS AZ INDL DE     | Tucson Industrial Development Authority/Pima County Industrial Development Auth  | CUSIP: 898700JA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098841.30   | 0.08%             | 2056-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH     | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Y73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052513.10   | 0.08%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532905.25    | 0.04%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW BRITAIN CT                     | City of New Britain CT                                                           | CUSIP: 642714BP3<br>LEI: 549300MERJSUOPGAV271 | Long             | DBT              | MUN               | US        |    600000 | PA      | $642241.74    | 0.05%             | 2030-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY MED CENTER REVENUE      | City of Ashland KY                                                               | CUSIP: 044293BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500392.00    | 0.04%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                       | CUSIP: 59447T8C0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1506244.79   | 0.11%             | 2044-12-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU     | Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | CUSIP: 97689QUW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493875.30    | 0.04%             | 2044-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STHRN CA PUBLIC PWR AUTH REVEN     | Southern California Public Power Authority                                       | CUSIP: 84247PNL1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    420000 | PA      | $474686.81    | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532HZ0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    515000 | PA      | $560465.54    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN     | Indiana Finance Authority                                                        | CUSIP: 45471AAS1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.18%             | 2039-11-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL     | South Dakota Health & Educational Facilities Authority                           | CUSIP: 83755V2F0<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    900000 | PA      | $988659.00    | 0.07%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST ENVRNMNTL IMPT & E     | Missouri State Environmental Improvement & Energy Resources Authority            | CUSIP: 606907BH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2837268.60   | 0.21%             | 2033-09-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE      | Ohio Housing Finance Agency                                                      | CUSIP: 67756UCK2<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1107152.02   | 0.08%             | 2056-03-01      | Fixed         | 6.25%                 | 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        |  16069000 | PA      | $15971670.07  | 1.17%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| TERRE HAUTE IN SANTN DIST          | Terre Haute Sanitary District                                                    | CUSIP: 881100EA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2050247.67   | 0.15%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMARILLO TX WTRWKS & SWR SYS R     | City of Amarillo TX Waterworks & Sewer System Revenue                            | CUSIP: 023108RL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1361761.06   | 0.10%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467AJ1<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005361.10   | 0.07%             | 2040-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST          | Leander Independent School District                                              | CUSIP: 521841Q33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $507956.84    | 0.04%             | 2030-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA     | New York State Dormitory Authority                                               | CUSIP: 64990AMS1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2096258.60   | 0.15%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY     | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 546749AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $884303.40    | 0.06%             | 2033-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO     | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JQ0<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4347836.40   | 0.32%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DHS4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1123029.65   | 0.08%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TX INDEP S     | Pecos Barstow Toyah Independent School District                                  | CUSIP: 705227HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043824.10   | 0.08%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP      | Charlotte-Mecklenburg Hospital Authority/The                                     | CUSIP: 160853MS3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.37%             | 2037-01-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &     | California Infrastructure & Economic Development Bank                            | CUSIP: 13034A5E6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2174437.14   | 0.16%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261AQK6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    370000 | PA      | $339619.63    | 0.02%             | 2036-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH       | South Dakota Housing Development Authority                                       | CUSIP: 83756LBH7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1100221.10   | 0.08%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3905000 | PA      | $4153929.30   | 0.30%             | 2045-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHARLESTON CNTY SC                 | County of Charleston SC                                                          | CUSIP: 160069G53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1591057.20   | 0.12%             | 2039-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE     | Salem Hospital Facility Authority                                                | CUSIP: 794458EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994676.90    | 0.07%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH MANVEL DEV AUTH TX TAX I     | South Manvel Development Authority                                               | CUSIP: 838793AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $282668.98    | 0.02%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HIGHWAY IMPT REVENUE     | State of Nevada Highway Improvement Revenue                                      | CUSIP: 641480PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908827.70    | 0.07%             | 2041-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA          | Private Colleges & Universities Authority                                        | CUSIP: 74265LZ50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $455368.77    | 0.03%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM     | North Carolina Medical Care Commission                                           | CUSIP: 65821DZV6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089286.60   | 0.08%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY KS UNIF SCH DIST#     | Douglas County Unified School District No 497 Lawrence                           | CUSIP: 259147SX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3420279.79   | 0.25%             | 2037-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UPTOWN DEV AUTH TX INCR CONTRA     | Uptown Development Authority                                                     | CUSIP: 916856GK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502867.40    | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEVILLE DE SPL OBLIG           | Town of Bridgeville DE                                                           | CUSIP: 108588AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $552813.53    | 0.04%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA ARPT AUTH REVENUE       | Norfolk Airport Authority/VA                                                     | CUSIP: 655857DW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158906.48    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND & MERCER CNTYS ILC     | Rock Island & Mercer Counties Community Unit School District No 300              | CUSIP: 772283DW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1129460.93   | 0.08%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL      | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602RNZ4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105003.70   | 0.08%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON      | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592113CR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3047606.40   | 0.22%             | 2045-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1      | Matagorda County Navigation District No 1                                        | CUSIP: 576528DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1070577.91   | 0.08%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532QN7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1930873.70   | 0.14%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue                              | CUSIP: 438701L44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008685.10   | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH MIDWESTERN DI     | Indiana Finance Authority                                                        | CUSIP: 45470CAF6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5522890.24   | 0.40%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR      | Los Angeles Department of Water & Power                                          | CUSIP: 5444952R4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    175000 | PA      | $178476.25    | 0.01%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TERRE HAUTE IN SANTN DIST          | Terre Haute Sanitary District                                                    | CUSIP: 881100DZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084563.40   | 0.08%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP MF REVENUE        | Utah Housing Corp                                                                | CUSIP: 917434DL3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504024.35   | 0.11%             | 2045-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU     | Wisconsin Housing & Economic Development Authority                               | CUSIP: 97689REX8<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3565048.55   | 0.26%             | 2027-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE        | State of Hawaii Airports System Revenue                                          | CUSIP: 419794K76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1590737.55   | 0.12%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA                  | County of Allegheny PA                                                           | CUSIP: 01728VTH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007902.00   | 0.07%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR     | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 2202455E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108974.50   | 0.08%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS     | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   2472074 | PA      | $2482419.73   | 0.18%             | 2039-11-20      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO     | Development Authority of Burke County/The                                        | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $3100528.92   | 0.23%             | 2045-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE      | Michigan State Building Authority                                                | CUSIP: 594615FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2197390.32   | 0.16%             | 2041-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GEORGIA CONVENTION CT     | Savannah Georgia Convention Center Authority                                     | CUSIP: 804828AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $590423.03    | 0.04%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1448826.19   | 0.11%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY     | Fort Bend County Municipal Utility District No 169                               | CUSIP: 34682HVR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $1733101.10   | 0.13%             | 2039-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR     | Southern California Public Power Authority                                       | CUSIP: 842469AP3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    585000 | PA      | $654909.72    | 0.05%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL CONTRACT TOURIST DE     | City of Orlando FL                                                               | CUSIP: 686432BR5<br>LEI: G8GZFWRIKS3AFD6AWU52 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1255172.45   | 0.09%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GTD R     | Philadelphia Housing Authority                                                   | CUSIP: 71783TAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2813522.00   | 0.21%             | 2038-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GADSDEN AL                         | City of Gadsden AL                                                               | CUSIP: 362460WK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $728338.64    | 0.05%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A     | New Jersey Housing & Mortgage Finance Agency                                     | CUSIP: 64613ALR1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4098101.20   | 0.30%             | 2045-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG     | Public Finance Authority                                                         | CUSIP: 74439YFL0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $332202.51    | 0.02%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 43                                   | CUSIP: 414215FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $2022820.00   | 0.15%             | 2032-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV     | County of Franklin OH                                                            | CUSIP: 353187EW3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.34%             | 2042-11-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC BLDG AUTH P     | Virginia Public Building Authority                                               | CUSIP: 928172J97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004402.60   | 0.15%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY     | Fort Bend County Municipal Utility District No 185                               | CUSIP: 34682GFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $229018.22    | 0.02%             | 2035-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP      | Arlington Higher Education Finance Corp                                          | CUSIP: 041807GT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1536233.99   | 0.11%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV     | Build NYC Resource Corp                                                          | CUSIP: 12008EWL6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1311027.25   | 0.10%             | 2035-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| IRON CNTY UT SALES TAX REVENUE     | County of Iron UT Sales Tax Revenue                                              | CUSIP: 462791AV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1352432.90   | 0.10%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S     | Intermountain Power Agency                                                       | CUSIP: 45884AK44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1181140.55   | 0.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP     | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2533920.32   | 0.19%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC HIGHWAY AUTH       | E-470 Public Highway Authority                                                   | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1038355.14   | 0.08%             | 2039-09-01      | Variable      | 3.19%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH     | West Virginia Hospital Finance Authority                                         | CUSIP: 956622W67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1338437.38   | 0.10%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532QP2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1877270.68   | 0.14%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REVENUE           | County of King WA Sewer Revenue                                                  | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2977979.40   | 0.22%             | 2040-01-01      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532MH4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    920000 | PA      | $1060883.74   | 0.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GEORGIA CONVENTION CT     | Savannah Georgia Convention Center Authority                                     | CUSIP: 804828AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $543294.27    | 0.04%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523757.30   | 0.11%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532DW1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1089223.12   | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                  | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5185000 | PA      | $5516744.08   | 0.40%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV AUTH              | Virginia Housing Development Authority                                           | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000120.60   | 0.07%             | 2056-07-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE              | Guam Power Authority                                                             | CUSIP: 400653JL6<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014629.70   | 0.07%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON-DUMONT IA CMNTY SCH DI     | Hampton-Dumont Community School District                                         | CUSIP: 40915CAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $1027681.96   | 0.08%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES      | Chicago Transit Authority Sales Tax Receipts Fund                                | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11323389.00  | 0.83%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND & MERCER CNTYS ILC     | Rock Island & Mercer Counties Community Unit School District No 300              | CUSIP: 772283DZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $452613.57    | 0.03%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL CONTRACT TOURIST DE     | City of Orlando FL                                                               | CUSIP: 686432BQ7<br>LEI: G8GZFWRIKS3AFD6AWU52 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2949176.62   | 0.22%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I     | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528VFM6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $546535.60    | 0.04%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                     | CUSIP: 544525Z68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1532077.69   | 0.11%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT     | Miami-Dade County Housing Finance Authority                                      | CUSIP: 593344BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003522.20   | 0.07%             | 2046-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH     | Atlanta Urban Residential Finance Authority                                      | CUSIP: 04785VBW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3031445.70   | 0.22%             | 2029-02-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395S24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1232663.96   | 0.09%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY ST PER     | New York State Housing Finance Agency                                            | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006009.40   | 0.07%             | 2054-06-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE        | Indiana Finance Authority                                                        | CUSIP: 45506EQS5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3540002.70   | 0.26%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R     | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758D34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546677.15   | 0.11%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN      | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GCN2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.37%             | 2050-06-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR     | Southern California Public Power Authority                                       | CUSIP: 842469CR7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    310000 | PA      | $337367.61    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                         | City of Chicago IL                                                               | CUSIP: 167486L80<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586774.85   | 0.12%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU     | New Jersey Turnpike Authority                                                    | CUSIP: 646140EQ2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091272.50   | 0.08%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY     | Patriots Energy Group Financing Agency                                           | CUSIP: 70342PAS3<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6277661.40   | 0.46%             | 2054-02-01      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                           | CUSIP: 13048V4F2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    260000 | PA      | $283878.95    | 0.02%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I     | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528VFH7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    475000 | PA      | $541928.64    | 0.04%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS INFRASTRUCTURE CO     | Hudson Yards Infrastructure Corp                                                 | CUSIP: 44420RBD1<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1773173.27   | 0.13%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL AREA HSG FIN CORP TX       | Capital Area Housing Finance Corp                                                | CUSIP: 139726CX9<br>LEI: 549300XICE1XLI0VXV87 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1650218.30   | 0.12%             | 2041-01-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H     | Massachusetts Housing Finance Agency                                             | CUSIP: 57587GJG1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    895000 | PA      | $885666.67    | 0.06%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBLIG       | Mississippi Development Bank                                                     | CUSIP: 60534XM29<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    740000 | PA      | $808753.99    | 0.06%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL RESORT TAX REVE     | City of Miami Beach FL                                                           | CUSIP: 593238CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000968.10   | 0.07%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST           | Dallas Independent School District                                               | CUSIP: 235308ZJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1074849.75   | 0.08%             | 2042-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1283488.76   | 0.09%             | 2037-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MU     | California Municipal Finance Authority                                           | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | ABS-MBS          | MUN               | US        |   2978298 | PA      | $2815320.45   | 0.21%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| UNIV OF CENTRAL ARKANSAS AR RE     | University of Central Arkansas                                                   | CUSIP: 914115M56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401985.52    | 0.03%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #6 COPS      | Weld County School District No 6 Greeley                                         | CUSIP: 949341AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $303616.09    | 0.02%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532MJ0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $571953.15    | 0.04%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEL VALLE TX INDEP SCH DIST        | Del Valle Independent School District TX                                         | CUSIP: 245505WV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $793990.80    | 0.06%             | 2039-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INDIANA CNTY PA INDL DEV AUTH      | Indiana County Industrial Development Authority                                  | CUSIP: 45469NDV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255808.18    | 0.02%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L     | New York Liberty Development Corp                                                | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473877.60    | 0.03%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO ARPT REVENUE        | City of St Louis MO Airport Revenue                                              | CUSIP: 791638T25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1612591.12   | 0.12%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH                          | City of Toledo OH                                                                | CUSIP: 889278ZU4<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1485337.22   | 0.11%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3207661.80   | 0.23%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                           | CUSIP: 13048V4G0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    290000 | PA      | $317539.18    | 0.02%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TBD8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    900000 | PA      | $890034.93    | 0.07%             | 2053-04-01      | Variable      | 2.93%                 | No            |                  2 | On Loan: No      |
| LITTLE ROCK AR SCH DIST            | Little Rock School District                                                      | CUSIP: 537428Z49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $844315.10    | 0.06%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   7430000 | PA      | $8004828.64   | 0.59%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE     | South Carolina State Housing Finance & Development Authority                     | CUSIP: 83712D7Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1129531.91   | 0.08%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BARBERS HILL TX INDEP SCH DIST     | Barbers Hill Independent School District                                         | CUSIP: 067167B21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011048.90   | 0.07%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XC97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023176.70   | 0.07%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2481089.03   | 0.18%             | 2036-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO     | Arizona Industrial Development Authority                                         | CUSIP: 04052FAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $579881.17    | 0.04%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                         | City of Chicago IL                                                               | CUSIP: 167484QS6<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    515000 | PA      | $502254.16    | 0.04%             | 2027-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPARTA WI AREA SCH DIST            | Sparta Area School District                                                      | CUSIP: 846754KU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1032265.48   | 0.08%             | 2038-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TX INDEP S     | Pecos Barstow Toyah Independent School District                                  | CUSIP: 705227HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500939.15   | 0.11%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1353372.41   | 0.10%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA     | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917SQR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001833.80   | 0.07%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTONVILLE AR SCH DIST #6         | Bentonville School District No 6                                                 | CUSIP: 0834192L4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $872249.60    | 0.06%             | 2035-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST TURNPIKE AUTH     | Massachusetts Department of Transportation                                       | CUSIP: 576018AL9<br>LEI: 549300CGDCL8XZK3KN03 | Long             | DBT              | MUN               | US        |    570000 | PA      | $529996.20    | 0.04%             | 2029-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1391141.88   | 0.10%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST ASSOCIATED MUNI PWR SY     | Utah Associated Municipal Power Systems                                          | CUSIP: 917328RV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523090.85    | 0.04%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A     | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750P55<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1705953.90   | 0.12%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE       | New Hampshire Business Finance Authority                                         | CUSIP: 63607YBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1611315.52   | 0.12%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO     | California Municipal Finance Authority                                           | CUSIP: 130493CD9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    410000 | PA      | $434571.05    | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE       | Capital Trust Agency Inc                                                         | CUSIP: 14052WBB2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    845000 | PA      | $846367.13    | 0.06%             | 2029-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE          | City of Charlotte NC Airport Revenue                                             | CUSIP: 161036XE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1557533.18   | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT LA                      | City of Shreveport LA                                                            | CUSIP: 8254346H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $926540.34    | 0.07%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL SPL CARE FACS FI     | Alabama Special Care Facilities Financing Authority-Birmingham AL                | CUSIP: 090929GX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1418646.84   | 0.10%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467BT8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354887.09    | 0.03%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CASTLE ROCK CO COPS                | Town of Castle Rock CO                                                           | CUSIP: 14848PBV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1839333.49   | 0.13%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S     | Intermountain Power Agency                                                       | CUSIP: 45884AK77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $800864.71    | 0.06%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA     | Commonwealth Financing Authority                                                 | CUSIP: 20282EAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $919696.22    | 0.07%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA     | New Hampshire Health and Education Facilities Authority Act                      | CUSIP: 64461XJZ9<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006083.20   | 0.07%             | 2038-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| WHEELING WV WTRWKS & SWR SYS R     | City of Wheeling WV Waterworks & Sewerage System Revenue                         | CUSIP: 963270JP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $879547.84    | 0.06%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR     | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000294.40   | 0.15%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH      | Halifax County Industrial Development Authority                                  | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523547.90   | 0.11%             | 2041-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                              | CUSIP: 64966SNL6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17000000.00  | 1.25%             | 2055-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA ARPT REVENUE         | City of Long Beach CA Airport System Revenue                                     | CUSIP: 542403DC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164444.07    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1345851.00   | 0.10%             | 2038-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CALIF SPL TAX            | City of San Mateo CA                                                             | CUSIP: 79901PCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1138874.00   | 0.08%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC     | Downtown Revitalization Public Infrastructure District                           | CUSIP: 26118TAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1449449.88   | 0.11%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                           | CUSIP: 13048V4H8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    320000 | PA      | $349736.13    | 0.03%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM INTERNATIONAL ARPT AUTH       | Antonio B Won Pat International Airport Authority                                | CUSIP: 40064RGJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167075.76    | 0.01%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204FK46<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537474.05   | 0.11%             | 2041-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV     | Ohio Housing Finance Agency                                                      | CUSIP: 676900YM9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1761030.08   | 0.13%             | 2046-01-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP      | Arlington Higher Education Finance Corp                                          | CUSIP: 041807BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2427280.86   | 0.18%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH      | Chester County Industrial Development Authority                                  | CUSIP: 165588FQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $364747.85    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM     | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001530.70   | 0.07%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GADSDEN AL                         | City of Gadsden AL                                                               | CUSIP: 362460WE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $708350.94    | 0.05%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEV      | California Statewide Communities Development Authority                           | CUSIP: 13079PA37<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049005.40   | 0.08%             | 2067-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HBA0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070896.30   | 0.08%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP MTGE REVENUE      | Utah Housing Corp                                                                | CUSIP: 917432CY0<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001170.00   | 0.22%             | 2030-07-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY           | Minnesota Housing Finance Agency                                                 | CUSIP: 60416S6S4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    595000 | PA      | $595703.41    | 0.04%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE     | South Carolina State Housing Finance & Development Authority                     | CUSIP: 83712D7L4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $980705.70    | 0.07%             | 2040-07-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2276322.64   | 0.17%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TX INDEP S     | Pecos Barstow Toyah Independent School District                                  | CUSIP: 705227HP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001778.40   | 0.15%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WRIGHT CITY MO SCH DIST #R-2       | Wright City R-II School District                                                 | CUSIP: 982260HT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $629913.90    | 0.05%             | 2035-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&     | Texas Municipal Gas Acquisition & Supply Corp IV                                 | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1601470.95   | 0.12%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 489                                  | CUSIP: 41423LMU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $866627.36    | 0.06%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1875099.10   | 0.14%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE     | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1852402.85   | 0.14%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L     | New York Liberty Development Corp                                                | CUSIP: 649519FF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1963365.60   | 0.14%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 8371516N4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $780531.15    | 0.06%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST HSG FIN AGY SF MTG     | Oklahoma Housing Finance Agency                                                  | CUSIP: 67886MW88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1135993.50   | 0.08%             | 2056-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204E2L1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $4849297.10   | 0.36%             | 2034-11-01      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX WC&ID #159          | Harris County Water Control & Improvement District No 159                        | CUSIP: 41453SGM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1465253.95   | 0.11%             | 2030-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $2144749.87   | 0.16%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                       | CUSIP: 59447T7E7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040054.20   | 0.08%             | 2038-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WHEELING WV WTRWKS & SWR SYS R     | City of Wheeling WV Waterworks & Sewerage System Revenue                         | CUSIP: 963270JR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324037.44    | 0.02%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELD CNTY CO SCH DIST #6 COPS      | Weld County School District No 6 Greeley                                         | CUSIP: 949341AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $339559.55    | 0.02%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STHRN CA PUBLIC PWR AUTH REVEN     | Southern California Public Power Authority                                       | CUSIP: 84247PKW0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    725000 | PA      | $732894.82    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5038734.50   | 0.37%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH NC HSG AUTH MF REVENUE     | Raleigh Housing Authority                                                        | CUSIP: 751115CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1458455.82   | 0.11%             | 2044-01-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T     | Territory of Guam                                                                | CUSIP: 40065NCX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1638334.35   | 0.12%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST                          | State of Oregon                                                                  | CUSIP: 68609URB3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    815000 | PA      | $940156.45    | 0.07%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L     | New York Liberty Development Corp                                                | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000094.00   | 0.37%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ IMPT AUTH CHRT S     | Essex County Improvement Authority                                               | CUSIP: 29681CAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $420081.18    | 0.03%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX CMNTY CLG DIST           | Austin Community College District                                                | CUSIP: 052403KR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1138291.50   | 0.08%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COATESVILLE PA AREA SCH DIST       | Coatesville School District                                                      | CUSIP: 190684QP8<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4319562.40   | 0.32%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE SCH DIST #1        | Omaha School District                                                            | CUSIP: 259291RL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1245820.50   | 0.09%             | 2035-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST           | Denton Independent School District                                               | CUSIP: 249002LY0<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1165497.75   | 0.09%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP MF HSG R     | Louisiana Housing Corp                                                           | CUSIP: 54627CBN2<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6053523.60   | 0.44%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE       | Tennergy Corp/TN                                                                 | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1089977.76   | 0.08%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE      | Ohio Housing Finance Agency                                                      | CUSIP: 67756UDQ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158348.60   | 0.08%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                    | CUSIP: 79467BJV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3223174.20   | 0.24%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R     | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758L27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1123397.00   | 0.08%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DALLAS CNTY TX CMNTY CLG DIST      | Dallas College                                                                   | CUSIP: 234685LJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1575364.14   | 0.12%             | 2028-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO     | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3500554.53   | 0.26%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION     | Missouri Housing Development Commission                                          | CUSIP: 60637GJK6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1196110.08   | 0.09%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R     | Massachusetts Development Finance Agency                                         | CUSIP: 57585BGT9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2293845.40   | 0.17%             | 2055-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH     | West Virginia Economic Development Authority                                     | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013246.20   | 0.07%             | 2040-03-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR     | Southern California Public Power Authority                                       | CUSIP: 842469DL9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5308094.50   | 0.39%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONSOL INDEP SCH DIST      | Hays Consolidated Independent School District                                    | CUSIP: 4211107Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001373.60   | 0.07%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEMPLE UNIV PA OF THE CMWLTH S     | Temple University-of The Commonwealth System of Higher Education                 | CUSIP: 880178DD7<br>LEI: 549300SCHVPNNFRR3L71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059072.80   | 0.08%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                          | CUSIP: 544532MQ4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089169.90   | 0.08%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA FEDERAL AID HIGHWAY FI     | Alabama Federal Aid Highway Finance Authority                                    | CUSIP: 010268DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $878026.13    | 0.06%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMANCE CNTY NC                   | County of Alamance NC                                                            | CUSIP: 010734TN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1335157.95   | 0.10%             | 2035-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2396656.33   | 0.18%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS     | New Hampshire Business Finance Authority                                         | CUSIP: 63607WBR4<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   4993722 | PA      | $5274004.32   | 0.39%             | 2041-02-20      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| RANTOUL IL                         | Village of Rantoul IL                                                            | CUSIP: 753279KE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1136618.81   | 0.08%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR SWR SYS REVENUE        | City of Portland OR Sewer System Revenue                                         | CUSIP: 736742G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1771492.63   | 0.13%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MACON-BIBB CNTY GA HSG AUTH MF     | Macon-Bibb County Housing Authority                                              | CUSIP: 55554RAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3512834.15   | 0.26%             | 2029-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A     | California Health Facilities Financing Authority                                 | CUSIP: 13032UUN6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250561.35    | 0.02%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH MF HS     | Illinois Housing Development Authority                                           | CUSIP: 45203LEX7<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008755.20   | 0.22%             | 2067-12-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MU     | California Municipal Finance Authority                                           | CUSIP: 13050WAD3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | ABS-MBS          | MUN               | US        |   1646723 | PA      | $1645929.60   | 0.12%             | 2040-11-20      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH      | New Hampshire Housing Finance Authority                                          | CUSIP: 64469D7Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1614808.02   | 0.12%             | 2056-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE     | Georgia Housing & Finance Authority                                              | CUSIP: 37353PUK3<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2138430.80   | 0.16%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE     | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083688.70   | 0.08%             | 2039-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN     | Illinois Housing Development Authority                                           | CUSIP: 45203MBD2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    805000 | PA      | $796950.16    | 0.06%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX SPL TAX REVENUE       | City of Arlington TX Special Tax Revenue                                         | CUSIP: 04184RBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255019.53    | 0.02%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX     | Utah Transit Authority                                                           | CUSIP: 917567JR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1403736.63   | 0.10%             | 2042-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A     | New Jersey Housing & Mortgage Finance Agency                                     | CUSIP: 64613ALU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5656892.50   | 0.41%             | 2056-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 167591BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3357256.20   | 0.25%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMPBELL CNTY WY SOL WST FACS      | County of Campbell WY                                                            | CUSIP: 134340AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1134795.05   | 0.08%             | 2039-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                      | CUSIP: 56035DGC0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5190088.00   | 0.38%             | 2053-12-01      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI LEASE DEV R     | Public Finance Authority                                                         | CUSIP: 74444YAW4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999874.30   | 0.22%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FB78<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1734227.55   | 0.13%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1479787.52   | 0.11%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT SCH DIST         | Salt Lake City School District                                                   | CUSIP: 795608SA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933656.80    | 0.07%             | 2039-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP      | New York City Housing Development Corp                                           | CUSIP: 64972KGU3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010071.30   | 0.07%             | 2064-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU     | Texas Private Activity Bond Surface Transportation Corp                          | CUSIP: 882667BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515759.50    | 0.04%             | 2033-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO     | New York State Dormitory Authority                                               | CUSIP: 64990KBB8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    815000 | PA      | $836422.93    | 0.06%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST HILLS OH LOCAL SCH DIST     | Forest Hills Local School District                                               | CUSIP: 345766NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $630251.24    | 0.05%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                  | CUSIP: 13013JHL3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2680344.38   | 0.20%             | 2056-04-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI LEASE DEV R     | Public Finance Authority                                                         | CUSIP: 74444YAV6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000517.60   | 0.07%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261A5B9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109241.80   | 0.15%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DES MOINES IA                      | City of Des Moines IA                                                            | CUSIP: 25009XSR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1750062.55   | 0.13%             | 2035-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALAMITO TX PUBLIC FACS CORP MF     | Alamito Public Facility Corp                                                     | CUSIP: 011245AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001382.20   | 0.07%             | 2044-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                         | City of Chicago IL                                                               | CUSIP: 167486P60<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059837.10   | 0.08%             | 2040-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST MUNI ENERGY AGY PW     | Kentucky Municipal Energy Agency                                                 | CUSIP: 491499AN9<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076795.80   | 0.08%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ WTR & SWR REVENUE      | City of Glendale AZ Water & Sewer Revenue                                        | CUSIP: 378352SM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $778102.47    | 0.06%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE          | Texas Water Development Board                                                    | CUSIP: 88285ABH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520937.10    | 0.04%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                              | CUSIP: 64966LU41<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.44%             | 2044-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MF     | California Municipal Finance Authority                                           | CUSIP: 130483JB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4021888.00   | 0.29%             | 2059-08-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PUBLIC FIN AUTH REVEN     | Texas Public Finance Authority                                                   | CUSIP: 88277PAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1669049.55   | 0.12%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 57421CMC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1300861.68   | 0.10%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DE     | Maryland Community Development Administration                                    | CUSIP: 57419TGP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1379231.97   | 0.10%             | 2031-09-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467BZ4<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    800000 | PA      | $802495.28    | 0.06%             | 2034-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAREDO TX INDEP SCH DIST           | Laredo Independent School District                                               | CUSIP: 516840ZR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $705671.92    | 0.05%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH MF HS     | Illinois Housing Development Authority                                           | CUSIP: 45203LEK5<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.22%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WENTZVILLE MO SCH DIST #R-4        | St Charles County School District No R-IV Wentzville                             | CUSIP: 950732YD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2027608.88   | 0.15%             | 2027-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH       | Pittsburgh Water & Sewer Authority                                               | CUSIP: 725304WT2<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1431273.86   | 0.10%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL      | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250EW0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    650000 | PA      | $631828.28    | 0.05%             | 2042-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP SF MTGE      | Louisiana Housing Corp                                                           | CUSIP: 54627DCY5<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    650000 | PA      | $657037.49    | 0.05%             | 2047-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION      | Texas Municipal Gas Acquisition & Supply Corp V                                  | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6491751.00   | 0.48%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN     | Illinois Housing Development Authority                                           | CUSIP: 45203MVH1<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    515000 | PA      | $530731.40    | 0.04%             | 2041-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 837151RP6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101588.83    | 0.01%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5320313.00   | 0.39%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE      | Ohio Housing Finance Agency                                                      | CUSIP: 67756QZT7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1284963.14   | 0.09%             | 2039-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX PUBLIC UTILITY BR     | Kerrville Public Utility Board Public Facility Corp                              | CUSIP: 492450AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $2016645.16   | 0.15%             | 2032-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRAIRIE CENTER CO MET DIST #3      | Prairie Center Metropolitan District No 3                                        | CUSIP: 739476AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2223323.96   | 0.16%             | 2046-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971WUK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.37%             | 2045-02-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV CORP R     | Monroe County Industrial Development Corp/NY                                     | CUSIP: 61075TWK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003357.10   | 0.07%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| National Finance Authority         | New Hampshire Business Finance Authority                                         | CUSIP: 63607WBN3<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   6472384 | PA      | $6362744.22   | 0.47%             | 2042-11-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO     | New York State Dormitory Authority                                               | CUSIP: 64990FW83<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510793.35    | 0.04%             | 2039-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 57421CMA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $606446.12    | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST           | Denton Independent School District                                               | CUSIP: 249002NL6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2660868.25   | 0.19%             | 2055-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                       | CUSIP: 59447UBB5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500178.50   | 0.11%             | 2039-12-01      | Variable      | 3.13%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395Z42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1393673.38   | 0.10%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR     | Puerto Rico Electric Power Authority                                             | CUSIP: 74526QPT3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1485600.83   | 0.11%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WILLIS TX INDEP SCH DIST           | Willis Independent School District                                               | CUSIP: 970667C41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $718100.30    | 0.05%             | 2040-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH MF HSG      | Kansas Development Finance Authority                                             | CUSIP: 48542TBJ8<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1328990.73   | 0.10%             | 2043-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT     | Miami-Dade County Housing Finance Authority                                      | CUSIP: 593344DL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $684235.18    | 0.05%             | 2029-08-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HSG FIN AUTH SF MTG     | Alabama Housing Finance Authority                                                | CUSIP: 01030RMQ2<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1089828.53   | 0.08%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN     | State of Iowa Board of Regents                                                   | CUSIP: 46256QQB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001423.50   | 0.07%             | 2045-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV                      | County of Clark NV                                                               | CUSIP: 180848PK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000459.20   | 0.07%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI     | Washington State Housing Finance Commission                                      | CUSIP: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005521.30   | 0.07%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY      | North Carolina Housing Finance Agency                                            | CUSIP: 6582077Q2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    965000 | PA      | $1085099.65   | 0.08%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE     | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 79625GKA0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1736568.45   | 0.13%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 64985SHY2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121118.80   | 0.08%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLLEGE STATION TX                 | City of College Station TX                                                       | CUSIP: 194469LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $821988.93    | 0.06%             | 2039-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ISLE OF WIGHT CNTY VA ECON DEV     | Isle Wight County Industrial Development Authority                               | CUSIP: 464637AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122802.90   | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEPORT CT                      | City of Bridgeport CT                                                            | CUSIP: 108152AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $622686.12    | 0.05%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1612803.31   | 0.12%             | 2055-05-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| EDINBURG TX CONSOL INDEP SCH D     | Edinburg Consolidated Independent School District/TX                             | CUSIP: 280785TH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1236800.75   | 0.09%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI     | Washington State Housing Finance Commission                                      | CUSIP: 93978LJK3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054904.60   | 0.08%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOL     | Wise County Industrial Development Authority                                     | CUSIP: 977228AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019266.80   | 0.15%             | 2040-10-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN     | State of Iowa Board of Regents                                                   | CUSIP: 46256QQA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1488412.08   | 0.11%             | 2044-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WALTON CNTY GA WTR & SWR AUTH      | Walton County Water & Sewer Authority                                            | CUSIP: 93342PFG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $503639.51    | 0.04%             | 2040-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH GREEN TRA     | New York Power Authority                                                         | CUSIP: 65000XBK5<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1414292.32   | 0.10%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST MUNI ENERGY AGY PW     | Kentucky Municipal Energy Agency                                                 | CUSIP: 491499AS8<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |    915000 | PA      | $952471.90    | 0.07%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST MUNI PWR AGY PWR S     | Kentucky Municipal Power Agency                                                  | CUSIP: 491501EC2<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |    810000 | PA      | $810435.54    | 0.06%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                      | City of West Haven CT                                                            | CUSIP: 953140W48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $245124.79    | 0.02%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261AM53<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.18%             | 2050-11-15      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| RANTOUL IL                         | Village of Rantoul IL                                                            | CUSIP: 753279KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515033.50    | 0.04%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY        | North Dakota Housing Finance Agency                                              | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    965000 | PA      | $1085775.83   | 0.08%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLL CONTROLC     | Maricopa County Pollution Control Corp                                           | CUSIP: 566854EF8<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950521.00    | 0.07%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| KELSEYVILLE CA UNIF SCH DIST       | Kelseyville Unified School District                                              | CUSIP: 488224DQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $26526.90     | 0.00%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION      | Texas Municipal Gas Acquisition and Supply Corp II                               | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1071907.60   | 0.08%             | 2027-09-15      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                       | CUSIP: 59447THF3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000438.10   | 0.07%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 65000B7V4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1391820.56   | 0.10%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 8371514Q9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1245269.20   | 0.09%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH      | Kentucky Economic Development Finance Authority                                  | CUSIP: 49126PEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000301.10   | 0.07%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR     | Southern California Public Power Authority                                       | CUSIP: 842469DE5<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1493689.69   | 0.11%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DES MOINES IA                      | City of Des Moines IA                                                            | CUSIP: 25009XSS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $1735056.22   | 0.13%             | 2036-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HGR EDU FIN CORP        | Houston Higher Education Finance Corp                                            | CUSIP: 442378GJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1915512.45   | 0.14%             | 2039-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 64990CEB3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1228577.09   | 0.09%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY S E AL A COOPERATIVE DI     | Energy Southeast A Cooperative District                                          | CUSIP: 292723CN1<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6329992.20   | 0.46%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONSOL INDEP SCH DIST      | Hays Consolidated Independent School District                                    | CUSIP: 421111AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1976626.75   | 0.14%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FJE5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1883977.80   | 0.14%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY           | Minnesota Housing Finance Agency                                                 | CUSIP: 60416UML6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1236907.37   | 0.09%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R     | Massachusetts Development Finance Agency                                         | CUSIP: 57584XWS6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501695.70    | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FW CHAPARRAL PFC TX RSDL DEV R     | FW Chaparral PFC                                                                 | CUSIP: 302701AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1534080.66   | 0.11%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST SEPAR     | Omaha Public Power District Nebraska City Station Unit 2                         | CUSIP: 682004FH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1235000.00   | 0.09%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN SANTN SWR SYS REVEN     | City of Memphis TN Sanitary Sewerage System Revenue                              | CUSIP: 586200UA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3413004.63   | 0.25%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU     | New Jersey Turnpike Authority                                                    | CUSIP: 646140GD9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1713722.40   | 0.13%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ WTR & SWR REVENUE      | City of Glendale AZ Water & Sewer Revenue                                        | CUSIP: 378352SN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $627285.01    | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &      | Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | CUSIP: 745160SJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2478346.25   | 0.18%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO     | Utah Infrastructure Agency                                                       | CUSIP: 917467BX9<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008355.50   | 0.07%             | 2032-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP      | New York City Housing Development Corp                                           | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    780000 | PA      | $780231.50    | 0.06%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| ISLE OF WIGHT CNTY VA ECON DEV     | Isle Wight County Industrial Development Authority                               | CUSIP: 464637AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $668005.56    | 0.05%             | 2038-07-01      | 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        |   1000000 | PA      | $1057226.10   | 0.08%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY OR SCH DIST #4     | Washington & Multnomah Counties School District No 48J Beaverton                 | CUSIP: 9384292M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $543581.60    | 0.04%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORT PIERCE FL UTILITIES AUTH      | Fort Pierce Utilities Authority                                                  | CUSIP: 348430PG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $447129.28    | 0.03%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45203HB50<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1540451.53   | 0.11%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395K22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1265227.43   | 0.09%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2361279.07   | 0.17%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMDEN CT                          | Town of Hamden CT                                                                | CUSIP: 406793AU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $400757.00    | 0.03%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204FC94<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095814.80   | 0.08%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND CMNTY DEV ADMIN HSG &     | Maryland Department of Housing & Community Development                           | CUSIP: 57419URA8<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |    500000 | PA      | $567996.75    | 0.04%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST MUNI ENERGY AGY PW     | Kentucky Municipal Energy Agency                                                 | CUSIP: 491499AK5<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110949.60   | 0.08%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH                          | City of Toledo OH                                                                | CUSIP: 889278ZS9<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122426.30   | 0.08%             | 2036-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RICHMOND MI CMNTY SCHS             | Richmond Community Schools/MI                                                    | CUSIP: 765177CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1484273.36   | 0.11%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SABINE-NECHES NAV DIST TX          | Sabine-Neches Navigation District                                                | CUSIP: 78532EAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2163750.60   | 0.16%             | 2041-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC HIGHWAY AUTH       | E-470 Public Highway Authority                                                   | CUSIP: 26822LMW1<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119602.60   | 0.08%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY NY CAPITAL RESOURCE COR     | Albany Capital Resource Corp                                                     | CUSIP: 012432EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125274.60   | 0.08%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH      | Illinois State Toll Highway Authority                                            | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501807.95   | 0.11%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WALTON CNTY GA WTR & SWR AUTH      | Walton County Water & Sewer Authority                                            | CUSIP: 93342PFH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $443398.80    | 0.03%             | 2041-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH       | Ohio Air Quality Development Authority                                           | CUSIP: 677525WY9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000003.50   | 0.07%             | 2026-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP SF MTGE REVENUE      | Utah Housing Corp                                                                | CUSIP: 917437RU1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1096515.81   | 0.08%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE LA UTILITIES REVENUE     | City of Lafayette LA Utilities Revenue                                           | CUSIP: 506498C85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $612981.49    | 0.04%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY     | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506627.80    | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO     | California Municipal Finance Authority                                           | CUSIP: 130493CF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    225000 | PA      | $240119.33    | 0.02%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F     | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638RGZ4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2611334.96   | 0.19%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HSG FIN AUT     | Palm Beach County Housing Finance Authority                                      | CUSIP: 696513AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                     | CUSIP: 5445252P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107550.30   | 0.08%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** New York Life Investments Active ETF Trust

**Signature:** Adefolahan Oyefeso

**Name of Signer:** Adefolahan Oyefeso

**Title:** Director and Vice President, IndexIQ