# EDGAR Filing Document

**Accession Number:** 0001524513
**File Stem:** 0002071691-25-002335
**Filing Date:** 2025-9
**Character Count:** 166670
**Document Hash:** 720c57192af03b70d7726d2b4e5ee2ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-002335.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002071691-25-002335

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares U.S. ETF Trust
- **CENTRAL INDEX KEY:** 0001524513

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22649
- **FILM NUMBER:** 251347028

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

## Series and Classes Contracts Data

### iShares Short Maturity Municipal Bond Active ETF (Series ID: S000047352)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000148680 | iShares Short Maturity Municipal Bond Active ETF | MEAR            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares U.S. ETF Trust

- **b. Investment Company Act file number:** 811-22649

- **c. CIK number of Registrant:** 0001524513

- **d. LEI of Registrant:** 5493002YECWEEITPWL97

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

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

- **a. Name of Series:** iShares Short Maturity Municipal Bond Active ETF

- **b. EDGAR series identifier (if any):** S000047352

- **c. LEI of Series:** 5493004L4O18LD4M5S07

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1204967117.06

**Total Liabilities:** $16880225.15

**Net Assets:** $1188086891.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4274.94000000 | **1-Year:** 29761.44000000 | **5-Year:** 117778.12000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 270.70000000 | **1-Year:** 1203.91000000 | **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 C000148680 | 0.44%                | 0.46%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24212.48                | $1937904.97                                |
| Month 2  | $-2398.43                | $2189912.76                                |
| Month 3  | $-6.72                   | $2203812.24                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                              | Title                                                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Borough of Haledon                                                                                | Borough of Haledon, Series 2024A                                                                                      | CUSIP: 405540EZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3338130 | PA      | $3341276.56   | 0.28%             | 2025-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                                   | New York City Transitional Finance Authority Future Tax Secured, Series 2019A-4                                       | CUSIP: 64971XFY9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  18660000 | PA      | $18660000.00  | 1.57%             | 2045-08-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                                               | State of Washington, Series R-2024C                                                                                   | CUSIP: 93974EY83<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.67%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                              | District of Columbia, Series A                                                                                        | CUSIP: 254839RX3<br>LEI: 549300HWFOZXPKGOX654 | Long             | STIV             | MUN               | US        |  12980000 | PA      | $12980000.00  | 1.09%             | 2038-08-15      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                                      | West Virginia Economic Development Authority, Series 2015A                                                            | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004476.47   | 0.08%             | 2040-03-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                                                  | Texas Municipal Gas Acquisition & Supply Corp. V, Series 2024                                                         | CUSIP: 88256RAC0<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |    750000 | PA      | $781847.71    | 0.07%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                                            | State Public School Building Authority, Series 2025                                                                   | CUSIP: 85732NDP7<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1973065.00   | 0.17%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                              | State of Connecticut, Series 2023B                                                                                    | CUSIP: 20772KUP2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   4575000 | PA      | $4575000.00   | 0.39%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2023B                                                                           | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2298180.58   | 0.19%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tomball Independent School District                                                               | Tomball Independent School District, Series 2024                                                                      | CUSIP: 889855W81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4308177.78   | 0.36%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Housing Finance Corp.                                                              | Tarrant County Housing Finance Corp., Series 2025                                                                     | CUSIP: 876394UP0<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014838.41   | 0.25%             | 2043-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                                | Allegheny County Airport Authority, Series 2025A                                                                      | CUSIP: 01728LKF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5215000 | PA      | $5528246.95   | 0.47%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                           | Energy Southeast A Cooperative District, Series 2023B-1                                                               | CUSIP: 292723AM5<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    800000 | PA      | $820131.84    | 0.07%             | 2026-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                                            | Lewisville Independent School District, Series 2025                                                                   | CUSIP: 52882PHE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1911293.81   | 0.16%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                                 | City of Quincy, Series 2024                                                                                           | CUSIP: 748508V47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1357275.99   | 0.11%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                                         | Maryland Health & Higher Educational Facilities Authority, Series 1985A                                               | CUSIP: 574215RC5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    240000 | PA      | $240000.00    | 0.02%             | 2035-04-01      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                                                   | City of Chicago, Series 2025B                                                                                         | CUSIP: 167570TX8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8085065.31   | 0.68%             | 2029-06-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                           | New York City Housing Development Corp., Series 2025C-2                                                               | CUSIP: 64972KLH6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1951580.22   | 0.16%             | 2065-05-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                                      | New Jersey Housing & Mortgage Finance Agency, Series 2025M                                                            | CUSIP: 64613AKX9<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    475000 | PA      | $479299.76    | 0.04%             | 2029-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                            | Iowa Finance Authority, Series 2021                                                                                   | CUSIP: 46246XAD6<br>LEI: 549300NQVL49BTHOW391 | Long             | STIV             | MUN               | US        |  29600000 | PA      | $29600000.00  | 2.49%             | 2041-12-01      | Variable      | 2.53%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025A                                                       | CUSIP: 84136HAV5<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    170000 | PA      | $177335.31    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                                              | County of Spokane, Series 2024B                                                                                       | CUSIP: 848661JA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1639108.76   | 0.14%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2024D                                                                          | CUSIP: 09182TEG8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3658521.12   | 0.31%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inlivian                                                                                          | Inlivian, Series 2025                                                                                                 | CUSIP: 45753CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4052875.37   | 0.34%             | 2058-11-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024B                                                                           | CUSIP: 56035DGV8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    245000 | PA      | $245308.31    | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle                                                                                   | Port of Seattle, Series 2024B                                                                                         | CUSIP: 735389Z92<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6567716.60   | 0.55%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2023D                                                                           | CUSIP: 56035DFM9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $552781.85    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                                             | Connecticut Housing Finance Authority, Series 2020A-3                                                                 | CUSIP: 20775C8D9<br>LEI: 5493003DXX0NRJKSH186 | Long             | STIV             | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.21%             | 2050-05-15      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                               | Wisconsin Health & Educational Facilities Authority, Series 2018C-2                                                   | CUSIP: 97712JEG4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1989758.45   | 0.17%             | 2054-08-15      | Floating      | 2.47%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                                 | New Mexico Municipal Energy Acquisition Authority, Series 2025                                                        | CUSIP: 647207BE8<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    435000 | PA      | $448227.26    | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                | Board of Regents of the University of Texas System                                                                    | CUSIP: 91514CPE5<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | STIV             | MUN               | US        |   6500000 | PA      | $6501379.95   | 0.55%             | 2025-09-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                           | New York City Housing Development Corp., Series 2024F-2                                                               | CUSIP: 64972KGU3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10052783.20  | 0.85%             | 2064-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                         | Indiana Finance Authority, Series 2024                                                                                | CUSIP: 45471CCV8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    275000 | PA      | $283125.84    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                                                | Akron Bath Copley Joint Township Hospital District, Series 2017C                                                      | CUSIP: 009730PE6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5030000 | PA      | $5030000.00   | 0.42%             | 2047-11-15      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                                     | Kentucky State Property & Building Commission, Series A                                                               | CUSIP: 49151FW71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $377172.57    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024B                                                                           | CUSIP: 56035DGW6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    350000 | PA      | $353471.91    | 0.03%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                        | Tarrant County Cultural Education Facilities Finance Corp., Series 2025B                                              | CUSIP: 87638TJT1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10813905.33  | 0.91%             | 2064-11-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                                           | City of Phoenix Civic Improvement Corp., Series 2017A                                                                 | CUSIP: 71883MKV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1755704.60   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                                             | Connecticut Housing Finance Authority, Series 2016B, Sub Series B-4                                                   | CUSIP: 20775CZF4<br>LEI: 5493003DXX0NRJKSH186 | Long             | STIV             | MUN               | US        |  11000000 | PA      | $11000000.00  | 0.93%             | 2046-11-15      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                    | Tennergy Corp., Series 2021A                                                                                          | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3654846.82   | 0.31%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                                   | New York City Municipal Water Finance Authority, Series 2010CC                                                        | CUSIP: 64972FK62<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |  13000000 | PA      | $13000000.00  | 1.09%             | 2041-06-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                        | Illinois Finance Authority, Series 2024                                                                               | CUSIP: 45204FVS1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    325000 | PA      | $325000.00    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024E                                                                           | CUSIP: 56035DJD5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2321624.38   | 0.20%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                             | Pennsylvania Economic Development Financing Authority, Series 2025A                                                   | CUSIP: 70870JGZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12603197.94  | 1.06%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado School of Mines                                                                          | Colorado School of Mines, Series 2022D                                                                                | CUSIP: 19658QGG6<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4723427.66   | 0.40%             | 2025-12-01      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                        | Illinois Finance Authority, Series 2024                                                                               | CUSIP: 45204FVU6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    425000 | PA      | $441178.22    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                                    | Lower Colorado River Authority, Series 2021                                                                           | CUSIP: 54811BWG2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1350677.83   | 0.11%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                                  | City of New York, Series 2015F-6                                                                                      | CUSIP: 64966LU25<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |  12400000 | PA      | $12400000.00  | 1.04%             | 2044-06-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Water & Wastewater System                                                      | City of Lubbock Water & Wastewater, Series 2024                                                                       | CUSIP: 549233GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2384271.47   | 0.20%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                                         | BlackRock Liquidity MuniCash Funds: Institutional Shares                                                              | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     69839 | NS      | $69838.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillsborough County Aviation Authority                                                            | Hillsborough County Aviation Authority, Series 2022A                                                                  | CUSIP: 432308M76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $627199.72    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                         | Indiana Finance Authority, Series 2024                                                                                | CUSIP: 45471CCW6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    900000 | PA      | $941933.30    | 0.08%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                    | Tennergy Corp., Series 2024A                                                                                          | CUSIP: 880397CG7<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    210000 | PA      | $219856.97    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                            | Ohio Air Quality Development Authority, Series 2005C                                                                  | CUSIP: 677525WX1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3243373.64   | 0.27%             | 2028-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                                      | Reno-Tahoe Airport Authority, Series 2024A                                                                            | CUSIP: 759874BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1337232.10   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                                               | Columbus Regional Airport Authority, Series 2025A                                                                     | CUSIP: 199546CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1798841.27   | 0.15%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                                              | County of Spokane, Series 2024B                                                                                       | CUSIP: 848661JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1851697.60   | 0.16%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System                                               | Tarrant Regional Water District Water Supply System, Series 2015                                                      | CUSIP: 876443LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1261804.27   | 0.11%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                                              | County of Miami-Dade, Series 2024A                                                                                    | CUSIP: 59333P7E2<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1867542.72   | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                | Tennessee Energy Acquisition Corp., Series 2006B                                                                      | CUSIP: 880443BT2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5925000 | PA      | $6036312.09   | 0.51%             | 2026-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Burlington                                                                                | City of Burlington, Series 2007A                                                                                      | CUSIP: 121822AY6<br>LEI: 549300TTCJ3UTB6QDT32 | Long             | STIV             | MUN               | US        |  22000000 | PA      | $22000000.00  | 1.85%             | 2035-09-01      | Variable      | 2.58%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                                           | Dallas Fort Worth International Airport, Series 2023C                                                                 | CUSIP: 23503CDJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6930000 | PA      | $7340450.97   | 0.62%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                            | North Carolina Medical Care Commission, Series 2025B                                                                  | CUSIP: 65821DZV6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3444131.10   | 0.29%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                                            | Virginia Housing Development Authority, Series 2025A                                                                  | CUSIP: 92812WVX9<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1757281.34   | 0.15%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City & County of Denver Airport System                                                            | City & County of Denver Airport System, Series 2018A                                                                  | CUSIP: 249182KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5119782.26   | 0.43%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                 | State of Illinois, Series 2024B                                                                                       | CUSIP: 452153JH3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2337250.24   | 0.20%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                             | Pennsylvania Economic Development Financing Authority, Series 2019B-2                                                 | CUSIP: 708692BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3747587.01   | 0.32%             | 2049-04-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts                                                                 | Indiana Moral Obligation, Tender Option Bond Trust Receipts/Certificates, Series 2016-XL0019                          | CUSIP: 88033SVX9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.51%             | 2030-04-01      | Variable      | 2.44%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                                    | State of Texas, Series 2025B                                                                                          | CUSIP: 8827242R7<br>LEI: 549300X9CH74QB747L76 | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.84%             | 2055-12-01      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                              | Chicago Midway International Airport, Series 2024A                                                                    | CUSIP: 167562TP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1360567.17   | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                                   | State of Hawaii, Series EY                                                                                            | CUSIP: 419792CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3418257.14   | 0.29%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2025A                                                                        | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  18000000 | PA      | $18998638.00  | 1.60%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                            | Clifton Higher Education Finance Corp., Series 2025                                                                   | CUSIP: 187145VV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $2004374.05   | 0.17%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                        | City of Los Angeles Department of Airports, Series 2025A                                                              | CUSIP: 5444452J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4280841.06   | 0.36%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                             | Pennsylvania Economic Development Financing Authority, Series 2021A                                                   | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5225000 | PA      | $5245693.59   | 0.44%             | 2041-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                           | Michigan Strategic Fund, Series 2001                                                                                  | CUSIP: 59468PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2728864.04   | 0.23%             | 2027-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025C                                                       | CUSIP: 84136HBZ5<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1149104.30   | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Industries Authority                                                                     | Oklahoma Industries Authority, Series 2024                                                                            | CUSIP: 67910FAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406289.22    | 0.03%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                                   | New York City Transitional Finance Authority Future Tax Secured, Series 2015E-3                                       | CUSIP: 64971WUK4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   7900000 | PA      | $7900000.00   | 0.66%             | 2045-02-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                                   | Indianapolis Local Public Improvement Bond Bank, Series 2025B-2                                                       | CUSIP: 45528VFV6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13903328.02  | 1.17%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority                   | Cumberland County Industrial Facilities & Pollution Control Financing Authority, Series 2024                          | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15001350.40  | 1.26%             | 2027-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                                                 | Texas Municipal Gas Acquisition & Supply Corp. IV, Series 2023A                                                       | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   9375000 | PA      | $9970120.67   | 0.84%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Lincoln Nebraska Electric                                                                         | Lincoln Nebraska Electric                                                                                             | CUSIP: 53427TGW4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   3500000 | PA      | $3500088.20   | 0.29%             | 2025-08-07      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                                               | Arizona Health Facilities Authority, Series 2015B                                                                     | CUSIP: 040507QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499989.80    | 0.04%             | 2046-01-01      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| County of Allen                                                                                   | County of Allen, Series 2025D                                                                                         | CUSIP: 01757LHL3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  13400000 | PA      | $13400000.00  | 1.13%             | 2050-11-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                                         | San Joaquin Valley Clean Energy Authority, Series 2025A                                                               | CUSIP: 79811YAB4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |    475000 | PA      | $496783.46    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2024A                                                                        | CUSIP: 74440DEG5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    425000 | PA      | $437124.69    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                       | Connecticut State Health & Educational Facilities Authority, Series 2024A                                             | CUSIP: 20775DYC0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2094387.21   | 0.18%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                           | South Carolina Public Service Authority, Series 2024A                                                                 | CUSIP: 8371513M9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    485000 | PA      | $518862.01    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                                            | Illinois Housing Development Authority, Series 2025D                                                                  | CUSIP: 45203MP88<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501083.30    | 0.04%             | 2030-04-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Township of Mount Holly                                                                           | Township of Mount Holly, Series 2024A                                                                                 | CUSIP: 621545HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3417000 | PA      | $3420852.31   | 0.29%             | 2025-09-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2023A-1                                                                      | CUSIP: 74440DDU5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    490000 | PA      | $507232.21    | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                                            | Hillsborough County Aviation Authority, Series 2024B                                                                  | CUSIP: 432308U77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $344544.78    | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                              | Oregon State Lottery, Series 2025A                                                                                    | CUSIP: 68607V6A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $7353141.52   | 0.62%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                                               | Leander Independent School District, Series 2025A                                                                     | CUSIP: 521841P83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $740794.45    | 0.06%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                                                | State of Wisconsin, Series 2024-2                                                                                     | CUSIP: 97705ML45<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7135667.19   | 0.60%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                                   | New York City Municipal Water Finance Authority, Series AA-2                                                          | CUSIP: 64972GCN2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.09%             | 2050-06-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                                    | General Authority of Southcentral Pennsylvania, Series 2015                                                           | CUSIP: 84129NKE8<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1540287.39   | 0.13%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                    | Tender Option Bond Trust Receipts, Series 2025-CF7041                                                                 | CUSIP: 88035P8A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11110000 | PA      | $11110000.00  | 0.94%             | 2037-08-01      | Variable      | 2.34%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024A                                                                           | CUSIP: 56035DGE6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500629.20    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                                    | State of Texas, Series 2011C                                                                                          | CUSIP: 882722Q53<br>LEI: 549300X9CH74QB747L76 | Long             | STIV             | MUN               | US        |   2300000 | PA      | $2300000.00   | 0.19%             | 2042-06-01      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                           | Energy Southeast A Cooperative District, Series 2024B                                                                 | CUSIP: 292723BE2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260650.25    | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                                               | Leander Independent School District, Series 2025A                                                                     | CUSIP: 521841P75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $631220.10    | 0.05%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2019C                                                                           | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8520000 | PA      | $8572872.99   | 0.72%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                              | Chicago Midway International Airport, Series 2023C                                                                    | CUSIP: 167562SY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1539600.45   | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025B                                                       | CUSIP: 84136HBJ1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1362360.32   | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St Stephen Independent School District No. 748                                            | Sartell-St Stephen Independent School District No. 748, Series 2025A                                                  | CUSIP: 803820LL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $314407.22    | 0.03%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                                           | State of North Carolina, Series 2025                                                                                  | CUSIP: 658268EY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5194074.25   | 0.44%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                           | Energy Southeast A Cooperative District, Series 2024B                                                                 | CUSIP: 292723BB8<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    115000 | PA      | $118102.54    | 0.01%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Pompton Lakes                                                                          | Borough of Pompton Lakes                                                                                              | CUSIP: 732233DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3288222 | PA      | $3325492.46   | 0.28%             | 2026-06-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                                   | Luzerne County Industrial Development Authority, Series 2017                                                          | CUSIP: 55072RBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007821.73   | 0.08%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                              | Triborough Bridge & Tunnel Authority, Series 2022E-2A                                                                 | CUSIP: 89602HEW3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10999514.92  | 0.93%             | 2026-04-01      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                                           | Massachusetts Health & Educational Facilities Authority, Series P2                                                    | CUSIP: 57586EHU8<br>LEI: 549300MV50RWQFTX5223 | Long             | STIV             | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.31%             | 2027-07-01      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                                                | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021                                                       | CUSIP: 88256HBA5<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   4690000 | PA      | $4717468.30   | 0.40%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                              | Chicago Midway International Airport, Series 2024A                                                                    | CUSIP: 167562TQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026276.40   | 0.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                           | Energy Southeast A Cooperative District, Series 2024B                                                                 | CUSIP: 292723BD4<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    240000 | PA      | $249123.71    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                              | Chicago O'Hare International Airport, Series 2022C                                                                    | CUSIP: 167593Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1412380.31   | 0.12%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2019A                                                                           | CUSIP: 56035DBF8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5695000 | PA      | $5766031.52   | 0.49%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2023B                                                                           | CUSIP: 56035DES7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260327.18    | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                            | Clifton Higher Education Finance Corp., Series 2025                                                                   | CUSIP: 187145VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1971473.86   | 0.17%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                           | New York City Housing Development Corp., Series 2006A                                                                 | CUSIP: 64970HCH5<br>LEI: 549300SQWVHKBRF8D702 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.42%             | 2036-03-15      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                                             | Fort Bend Independent School District, Series 2025A                                                                   | CUSIP: 346843WT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1999454.59   | 0.17%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                                            | State of New Hampshire, Series 2025A                                                                                  | CUSIP: 64468FCA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2502855.18   | 0.21%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                                  | Minnesota Housing Finance Agency, Series 2017F                                                                        | CUSIP: 60416SWE6<br>LEI: 549300R89XDTQBK4GE22 | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.34%             | 2041-01-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| Borough of Oradell NJ                                                                             | Borough of Oradell                                                                                                    | CUSIP: 683897ER9<br>LEI: 54930075CYMQ76JRSZ76 | Long             | DBT              | MUN               | US        |   4155560 | PA      | $4189678.70   | 0.35%             | 2026-07-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                               | Pennsylvania Housing Finance Agency, Series 2025-149A                                                                 | CUSIP: 70879QT45<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    400000 | PA      | $428570.34    | 0.04%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                                               | Arizona Health Facilities Authority, Series 2015B                                                                     | CUSIP: 040507QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99378.10     | 0.01%             | 2046-01-01      | Floating      | 2.17%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                                  | City of New York, Series B-5                                                                                          | CUSIP: 64966MSD2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |   9750000 | PA      | $9750000.00   | 0.82%             | 2046-10-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Inlivian                                                                                          | Inlivian, Series 2025                                                                                                 | CUSIP: 45753CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3189649.69   | 0.27%             | 2043-11-10      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                        | Illinois Finance Authority, Series 2024                                                                               | CUSIP: 45204FVT9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407890.75    | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland University                                                                                | Oakland University, Series 2008                                                                                       | CUSIP: 673588DL0<br>LEI: 549300O12XLW6O082V10 | Long             | STIV             | MUN               | US        |    800000 | PA      | $800000.00    | 0.07%             | 2031-03-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                                 | New Mexico Municipal Energy Acquisition Authority, Series 2025                                                        | CUSIP: 647207BF5<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    480000 | PA      | $501750.88    | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation                                               | Metropolitan Washington Airports Authority Aviation, Series 2025A                                                     | CUSIP: 592647NL1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1863851.87   | 0.16%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                                | Allegheny County Airport Authority, Series 2025A                                                                      | CUSIP: 01728LKG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5410000 | PA      | $5803791.39   | 0.49%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                                     | Kentucky State Property & Building Commission, Series 2024B                                                           | CUSIP: 49151F2Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5280381.60   | 0.44%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2022B                                                                           | CUSIP: 56035DEB4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1799770.57   | 0.15%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2023B                                                       | CUSIP: 84136GAB1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    185000 | PA      | $187544.31    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City                                                                               | City of Kansas City, Series 2025C                                                                                     | CUSIP: 485106M21<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1333486.88   | 0.11%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                              | Chicago O'Hare International Airport, Series 2024C                                                                    | CUSIP: 1675935J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6049713.14   | 0.51%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                                      | State of Oregon Department of Transportation, Series B                                                                | CUSIP: 68607DTE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2323286.01   | 0.20%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga County Resource Recovery Agency                                                          | Onondaga County Resource Recovery Agency, Series 2015A                                                                | CUSIP: 682756BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2833433.21   | 0.24%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2024C                                                                          | CUSIP: 09182TDQ7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1547487.06   | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                               | Pennsylvania Housing Finance Agency, Series 2025-149A                                                                 | CUSIP: 70879QT60<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218552.96    | 0.02%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Hamilton                                                                                  | City of Hamilton, Series 2024                                                                                         | CUSIP: 407756P82<br>LEI: 549300NCXYTNZWHRP508 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2912461.16   | 0.25%             | 2025-12-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                    | Tennergy Corp., Series 2022A                                                                                          | CUSIP: 880397BZ6<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    575000 | PA      | $577609.20    | 0.05%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lynchburg Economic Development Authority                                                          | Lynchburg Economic Development Authority, Series 2017B                                                                | CUSIP: 55123TAU6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.25%             | 2047-01-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                                      | Massachusetts Bay Transportation Authority Sales Tax                                                                  | CUSIP: 57559JBA0<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $1999788.40   | 0.17%             | 2025-10-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2024C                                                       | CUSIP: 84136HAA1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022280.35   | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Water & Wastewater System                                                      | City of Lubbock Water & Wastewater, Series 2024                                                                       | CUSIP: 549233GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5827247.36   | 0.49%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston                                                                                 | City of Galveston, Series 2024A                                                                                       | CUSIP: 364568JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $758865.12    | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                                             | New Mexico Mortgage Finance Authority, Series 2023                                                                    | CUSIP: 64719HEN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $971133.68    | 0.08%             | 2042-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp.                                                                | Mission Economic Development Corp., Series 2020A                                                                      | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5951496.28   | 0.50%             | 2050-05-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2023D-1                                                                        | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2874947.10   | 0.24%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                                                  | Texas Municipal Gas Acquisition & Supply Corp. V, Series 2024                                                         | CUSIP: 88256RAD8<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1108527.94   | 0.09%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                           | South Carolina Public Service Authority, Series 2024A                                                                 | CUSIP: 8371513L1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    485000 | PA      | $509383.47    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                  | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2001                    | CUSIP: 546279JR2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.34%             | 2036-12-01      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| Town of Ossining                                                                                  | Town of Ossining                                                                                                      | CUSIP: 688562FC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3535983 | PA      | $3535983.00   | 0.30%             | 2025-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                                         | City of Houston Airport System, Series 2025A                                                                          | CUSIP: 442349JC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5385536.58   | 0.45%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                                 | New Mexico Municipal Energy Acquisition Authority, Series 2025                                                        | CUSIP: 647207BG3<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    635000 | PA      | $670369.26    | 0.06%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                                              | Tennessee Housing Development Agency, Series 2024-3C                                                                  | CUSIP: 88046KPP5<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3208369.19   | 0.27%             | 2056-01-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                               | Wisconsin Health & Educational Facilities Authority, Series 2008B                                                     | CUSIP: 97710BDK5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | STIV             | MUN               | US        |  15570000 | PA      | $15570000.00  | 1.31%             | 2033-12-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2024A                                                                        | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  10785000 | PA      | $11310874.07  | 0.95%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024B                                                                           | CUSIP: 56035DGX4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203669.53    | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority                                                        | Massachusetts Bay Transportation Authority                                                                            | CUSIP: 57559GBS7<br>LEI: 549300D2U0XBUXGX8P68 | Long             | STIV             | MUN               | US        |   8515000 | PA      | $8514095.71   | 0.72%             | 2025-10-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                                  | City of New York, Series 2015F-5                                                                                      | CUSIP: 64966LU41<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.67%             | 2044-06-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                | Board of Regents of the University of Texas System                                                                    | CUSIP: 91514YFR9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | STIV             | MUN               | US        |   3200000 | PA      | $3200711.04   | 0.27%             | 2025-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                             | Pennsylvania Economic Development Financing Authority, Series 2025A                                                   | CUSIP: 708692CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7004504.78   | 0.59%             | 2049-06-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                                  | Virginia Public School Authority, Series 2017C                                                                        | CUSIP: 92818HJW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $715618.52    | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District (The)                                                       | Southeast Alabama Gas Supply District (The), Series 2024B                                                             | CUSIP: 84131TBE1<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    800000 | PA      | $808566.71    | 0.07%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority, Tender Option Bond Trust Receipts/Certificates           | South Carolina Public Service Authority, Tender Option Bond Trust Receipts/Certificates, Series 2022-XG0398           | CUSIP: 88035DJD8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    700000 | PA      | $700000.00    | 0.06%             | 2055-12-01      | Variable      | 2.41%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                        | Tarrant County Cultural Education Facilities Finance Corp., Series 2024B                                              | CUSIP: 87638THK2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    875000 | PA      | $892115.48    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2024C                                                       | CUSIP: 84136HAB9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038559.42   | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Okemos Public Schools                                                                             | Okemos Public Schools, Series 2024II                                                                                  | CUSIP: 678467NL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1221137.60   | 0.10%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Forest Preserve District                                                            | DuPage County Forest Preserve District, Series 2025                                                                   | CUSIP: 262651VK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $766423.95    | 0.06%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                                               | State of Washington, Series 2019B                                                                                     | CUSIP: 93974D4W5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    555000 | PA      | $589165.83    | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Egg Harbor                                                                            | Township of Egg Harbor                                                                                                | CUSIP: 282305HW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900216.77    | 0.08%             | 2025-08-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025C                                                       | CUSIP: 84136HBY8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    840000 | PA      | $872460.41    | 0.07%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                         | Indiana Finance Authority, Series 2021B                                                                               | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | STIV             | MUN               | US        |    835000 | PA      | $830044.23    | 0.07%             | 2039-03-01      | Floating      | 2.59%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City                                                                            | City of Salt Lake City, Series 2018A                                                                                  | CUSIP: 795576GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053207.55   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2023D                                                                           | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021229.48   | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                | Board of Regents of the University of Texas System, Series 2025A                                                      | CUSIP: 91514AMU6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10745117.95  | 0.90%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                              | Colorado Health Facilities Authority, Series 2018B                                                                    | CUSIP: 19648FGN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005149.31   | 0.08%             | 2048-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen                                                                                   | County of Allen, Series 2025C                                                                                         | CUSIP: 01757LHJ8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.84%             | 2050-11-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                         | Indiana Finance Authority, Series 2010A                                                                               | CUSIP: 45505RBN4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997118.68    | 0.08%             | 2028-05-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                                  | University of North Texas System, Series 2025A                                                                        | CUSIP: 914729XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $981576.66    | 0.08%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comal Independent School District                                                                 | Comal Independent School District, Series 2024                                                                        | CUSIP: 1998207K1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533197.59   | 0.21%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St Stephen Independent School District No. 748                                            | Sartell-St Stephen Independent School District No. 748, Series 2025A                                                  | CUSIP: 803820LK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $520124.13    | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                                              | County of Spokane, Series 2024B                                                                                       | CUSIP: 848661JB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1688578.47   | 0.14%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                                        | Michigan Finance Authority, Series 2025D                                                                              | CUSIP: 59447UAA8<br>LEI: 54930022O46HOX5J1D14 | Long             | STIV             | MUN               | US        |   7600000 | PA      | $7600000.00   | 0.64%             | 2055-01-15      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                           | New York City Housing Development Corp., Series 2025E                                                                 | CUSIP: 64972KKK0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5025000 | PA      | $5025685.09   | 0.42%             | 2055-05-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                                     | Maine State Housing Authority, Series 2024E                                                                           | CUSIP: 56052FM69<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10006274.41  | 0.84%             | 2054-11-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                            | Iowa Finance Authority, Series 2021                                                                                   | CUSIP: 46246YAB8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2895077.75   | 0.24%             | 2042-01-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                              | Chicago O'Hare International Airport, Series 2024C                                                                    | CUSIP: 1675935M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10585031.89  | 0.89%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                                  | Ohio Water Development Authority                                                                                      | CUSIP: 67767BBB2<br>LEI: 549300QMBH1DMY67FZ74 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5001716.50   | 0.42%             | 2025-09-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp.                                                        | Monroe County Industrial Development Corp., Series 2023B-1                                                            | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4152955.02   | 0.35%             | 2028-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Winchester Economic Development Authority                                                         | Winchester Economic Development Authority, Series 2024A                                                               | CUSIP: 973122AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1147014.35   | 0.10%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2024B                                                                        | CUSIP: 74440DET7<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    920000 | PA      | $952354.35    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                                          | San Antonio Water System, Series 2016A                                                                                | CUSIP: 79642BY49<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1027002.68   | 0.09%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                       | Washington Health Care Facilities Authority, Series 2019B-2                                                           | CUSIP: 93978HVA0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.07%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                                          | New Jersey Higher Education Student Assistance Authority, Series 2025-2                                               | CUSIP: 646080YZ8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2736832.70   | 0.23%             | 2056-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024E                                                                           | CUSIP: 56035DJE3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2960593.08   | 0.25%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024C                                                                           | CUSIP: 56035DHN5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $776174.01    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                            | Iowa Finance Authority, Series 2016E                                                                                  | CUSIP: 462466FQ1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    795000 | PA      | $802629.63    | 0.07%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2024A                                                                        | CUSIP: 74440DEF7<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    375000 | PA      | $380547.32    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb Park District                                                                              | DeKalb Park District, Series 2025                                                                                     | CUSIP: 240790BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $325115.95    | 0.03%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                                 | City of Quincy, Series 2024                                                                                           | CUSIP: 748508V62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1565091.87   | 0.13%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garfield County Industrial Authority                                                              | Garfield County Industrial Authority, Series 2024A                                                                    | CUSIP: 365753AW2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5400000 | PA      | $5400000.00   | 0.45%             | 2039-10-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                                                 | Plano Independent School District, Series 2025                                                                        | CUSIP: 727199E23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4856392.02   | 0.41%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2024C                                                                          | CUSIP: 09182TDP9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    935000 | PA      | $965197.89    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                                               | Arizona Health Facilities Authority, Series 2015B                                                                     | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3007058.94   | 0.25%             | 2046-01-01      | Floating      | 2.54%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                                     | Texas State University System, Series C-2                                                                             | CUSIP: 91514UAK7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10002713.00  | 0.84%             | 2025-11-18      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                                 | State of Nevada Department of Business & Industry, Series 2001                                                        | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3268262.37   | 0.28%             | 2026-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                   | California Community Choice Financing Authority, Series 2025B                                                         | CUSIP: 13013JFY7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    225000 | PA      | $237521.05    | 0.02%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver Airport System                                                            | City & County of Denver Airport System, Series 2018A                                                                  | CUSIP: 249182LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4605000 | PA      | $4885406.39   | 0.41%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Water & Wastewater System                                                      | City of Lubbock Water & Wastewater, Series 2024                                                                       | CUSIP: 549233GR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2228793.59   | 0.19%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                                       | Ohio Higher Educational Facility Commission, Series 2021B                                                             | CUSIP: 67756DZJ8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6456494.75   | 0.54%             | 2042-12-01      | Floating      | 2.52%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                                          | New Jersey Higher Education Student Assistance Authority, Series 2024B                                                | CUSIP: 646080XU0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1653010.25   | 0.14%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                                           | State of Oregon Housing & Community Services Department, Series 2024R                                                 | CUSIP: 68608ENL2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12252412.72  | 1.03%             | 2048-01-10      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City                                                                               | City of Kansas City, Series 2025C                                                                                     | CUSIP: 485106L97<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2362055.82   | 0.20%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                        | Illinois Finance Authority, Series 2025A                                                                              | CUSIP: 45204FA21<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1903572.24   | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                                       | Metropolitan Washington Airports Authority Aviation, Series 2021A                                                     | CUSIP: 592647JW2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    800000 | PA      | $834934.51    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                    | Omaha Nebraska Airport Authority, Tender Option Bond Trust Receipts/Certificates, Series 2024-XG0593                  | CUSIP: 88035JY22<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.84%             | 2049-12-15      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                         | Indiana Finance Authority, Series 2025D-1                                                                             | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2885818.12   | 0.24%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                       | Washington State Housing Finance Commission, Series 2016VR-1N                                                         | CUSIP: 93978TTF6<br>LEI: 549300YL1HU59NREG764 | Long             | STIV             | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.31%             | 2046-12-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                                   | New York City Municipal Water Finance Authority, Series 2023, Sub-Series B-1                                          | CUSIP: 64972GC44<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.21%             | 2044-06-15      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                                 | Idaho Health Facilities Authority, Series 2025D                                                                       | CUSIP: 451295E47<br>LEI: 549300X43KY1C2WW0J97 | Long             | STIV             | MUN               | US        |   5900000 | PA      | $5900000.00   | 0.50%             | 2060-03-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2024D                                                                          | CUSIP: 09182TED5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034638.52   | 0.17%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                                   | Allegheny County Hospital Development Authority, Series 2017D-2 , Sub-Series D                                        | CUSIP: 01728A5U6<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997952.19    | 0.08%             | 2026-11-15      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                                      | New Jersey Housing & Mortgage Finance Agency, Series 2025M                                                            | CUSIP: 64613AKY7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251387.94    | 0.02%             | 2030-04-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2023C                                                                          | CUSIP: 09182TCU9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016307.07   | 0.09%             | 2026-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RBC Municipal Products, Inc. Trust                                                                | RBC Municipal Products, Inc. Trust, Series 2018C-16                                                                   | CUSIP: 74934RQJ8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.17%             | 2039-09-01      | Variable      | 2.34%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2022C-1                                                                        | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    330000 | PA      | $346208.25    | 0.03%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Austin MN                                                                                 | City of Austin MN                                                                                                     | CUSIP: 05248NXK1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000649.00   | 0.42%             | 2025-09-03      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Financing Authority, Tender Option Bond Trust Receipts/Certificates | Kentucky Economic Development Financing Authority, Tender Option Bond Trust Receipts/Certificates, Series 2018-XG0161 | CUSIP: 88033Y2K6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    500000 | PA      | $500000.00    | 0.04%             | 2041-12-01      | Variable      | 2.34%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                          | New Hampshire Business Finance Authority, Series 2018A                                                                | CUSIP: 63608RAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5195000 | PA      | $5222936.52   | 0.44%             | 2033-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Durham Capital Financing Corp.                                                                    | Durham Capital Financing Corp., Series 2016                                                                           | CUSIP: 266780CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029758.22   | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of St Louis Missouri (The)                           | Industrial Development Authority of the City of St. Louis Missouri (The), Series 2025                                 | CUSIP: 791900FX6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499731.86   | 0.13%             | 2046-04-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                           | Energy Southeast A Cooperative District, Series 2024B                                                                 | CUSIP: 292723BA0<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102027.46    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                                      | New York City Transitional Finance Authority, Series 2025D                                                            | CUSIP: 64972JMU9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2723239.71   | 0.23%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                | Tennessee Energy Acquisition Corp., Series 2023A-1                                                                    | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5148991.01   | 0.43%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                                            | State of New Hampshire, Series 2025A                                                                                  | CUSIP: 64468FCB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1668909.91   | 0.14%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                    | Lamar Consolidated Independent School District, Series 2024A                                                          | CUSIP: 513174Q54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5064514.54   | 0.43%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Whatcom County Public Utility District No. 1                                                      | Whatcom County Public Utility District No. 1, Series 2025A                                                            | CUSIP: 962468FF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $559875.58    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2025A                                                                           | CUSIP: 56035DJT0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $795487.92    | 0.07%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Burlington                                                                                | City of Burlington, Series 2007B                                                                                      | CUSIP: 121822AZ3<br>LEI: 549300TTCJ3UTB6QDT32 | Long             | STIV             | MUN               | US        |   9000000 | PA      | $9000000.00   | 0.76%             | 2035-09-01      | Variable      | 2.58%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                             | Louisiana Public Facilities Authority, Series 2009B-1                                                                 | CUSIP: 546398C63<br>LEI: 549300RQIPT5S4P4M065 | Long             | STIV             | MUN               | US        |  10500000 | PA      | $10500000.00  | 0.88%             | 2047-07-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia                                                                              | City of Philadelphia, Series 2017B                                                                                    | CUSIP: 717817UB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058797.30   | 0.17%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston                                                                                 | City of Galveston, Series 2024A                                                                                       | CUSIP: 364568JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $636082.60    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                                            | Hillsborough County Aviation Authority, Series 2024B                                                                  | CUSIP: 432308U85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3395830.57   | 0.29%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                | Board of Regents of the University of Texas System                                                                    | CUSIP: 91514YFH1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5002348.50   | 0.42%             | 2025-09-30      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                                 | City of Quincy, Series 2024                                                                                           | CUSIP: 748508V54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1463254.63   | 0.12%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2023A                                                                           | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10518926.24  | 0.89%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation                                               | Metropolitan Washington Airports Authority Aviation, Series 2025A                                                     | CUSIP: 592647NK3<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    865000 | PA      | $916675.42    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                                       | District of Columbia Housing Finance Agency, Series 2025                                                              | CUSIP: 25477PQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505979.54   | 0.21%             | 2046-05-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority, Tender Option Bond Trust Receipts/Certificates        | Metropolitan Washington Airports Authority, Tender Option Bond Trust Receipts/Certificates, Series 2019-XG0267        | CUSIP: 88034UNN4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    220000 | PA      | $220000.00    | 0.02%             | 2053-10-01      | Variable      | 2.34%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024C                                                                           | CUSIP: 56035DHP0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    925000 | PA      | $967343.49    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                                             | New Mexico Mortgage Finance Authority, Series 2023                                                                    | CUSIP: 64719HEP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3305485.31   | 0.28%             | 2042-02-01      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| City of Miamisburg OH                                                                             | City of Miamisburg, Series 2025                                                                                       | CUSIP: 593864MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011239.01   | 0.17%             | 2026-02-10      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                    | Tennergy Corp., Series 2024A                                                                                          | CUSIP: 880397CH5<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    625000 | PA      | $660835.89    | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                               | Pennsylvania Housing Finance Agency, Series 2025-149A                                                                 | CUSIP: 70879QT52<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $538503.65    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                                              | County of Miami-Dade Water & Sewer System, Series 2015                                                                | CUSIP: 59334DHZ0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1520784.81   | 0.13%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                           | South Carolina Public Service Authority, Series 2024A                                                                 | CUSIP: 8371513K3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    675000 | PA      | $694891.47    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado Hospital Authority                                                         | University of Colorado Hospital Authority, Series 2018B                                                               | CUSIP: 914183BJ6<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | STIV             | MUN               | US        |  16505000 | PA      | $16505000.00  | 1.39%             | 2035-11-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                 | State of Illinois, Series 2024B                                                                                       | CUSIP: 452153JK6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1691076.54   | 0.14%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                                 | City of Quincy, Series 2024                                                                                           | CUSIP: 748508V39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1263704.29   | 0.11%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                                       | County of Broward Airport System, Series 2017                                                                         | CUSIP: 114894XJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2358748.52   | 0.20%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                        | Illinois Finance Authority, Series 2018C                                                                              | CUSIP: 45204EM54<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |  13000000 | PA      | $13000000.00  | 1.09%             | 2037-11-15      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                         | Indiana Finance Authority, Series 2024                                                                                | CUSIP: 45471CCX4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    765000 | PA      | $812340.56    | 0.07%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                                            | Virginia Housing Development Authority, Series 2024H                                                                  | CUSIP: 92812WUU6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1453888.18   | 0.12%             | 2028-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                           | Energy Southeast A Cooperative District, Series 2024B                                                                 | CUSIP: 292723BC6<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103288.86    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2022B-1                                                     | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10832023.89  | 0.91%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                                              | County of Spokane, Series 2024B                                                                                       | CUSIP: 848661HZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $725197.74    | 0.06%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie                                                                             | City of Port St. Lucie Utility System, Series 2016                                                                    | CUSIP: 735352QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $828564.40    | 0.07%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA, Inc.                                                                                        | PEFA, Inc., Series 2019                                                                                               | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  24140000 | PA      | $24435920.91  | 2.06%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                                       | Development Authority of Burke County (The), Series 2013-1                                                            | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3774845.98   | 0.32%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2025B                                                                           | CUSIP: 56035DKA9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1237986.64   | 0.10%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Maplewood                                                                             | Township of Maplewood                                                                                                 | CUSIP: 565624NG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5110553.92   | 0.43%             | 2025-10-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2024B                                                                        | CUSIP: 74440DEM2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375000.00    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                                                  | Texas Municipal Gas Acquisition & Supply Corp. V, Series 2024                                                         | CUSIP: 88256RAA4<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |    550000 | PA      | $554290.04    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walled Lake Consolidated School District                                                          | Walled Lake Consolidated School District, Series 2024                                                                 | CUSIP: 932423WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $483690.37    | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025B                                                       | CUSIP: 84136HBK8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1289054.15   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025C                                                       | CUSIP: 84136HCB7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1189684.85   | 0.10%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                                               | State of Washington, Series R-2024C                                                                                   | CUSIP: 93974EZ41<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2592620.56   | 0.22%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                                   | State of Oregon, Series 2025E                                                                                         | CUSIP: 68609UTC9<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   4555000 | PA      | $4873060.44   | 0.41%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                               | State of California                                                                                                   | CUSIP: 13063ELT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2462004.08   | 0.21%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2023B                                                       | CUSIP: 84136GAC9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029519.04   | 0.09%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                                               | Allegheny County Sanitary Authority, Series 2024                                                                      | CUSIP: 017357P24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1662774.56   | 0.14%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                  | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2002                    | CUSIP: 546279MC1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | STIV             | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.51%             | 2037-12-01      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                                            | Virginia Housing Development Authority, Series 2024H                                                                  | CUSIP: 92812WUV4<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   3965000 | PA      | $3986581.04   | 0.34%             | 2029-06-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                                       | District of Columbia Housing Finance Agency, Series 2025B                                                             | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2100446.93   | 0.18%             | 2029-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                             | Pennsylvania Economic Development Financing Authority, Series 2019A                                                   | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6999869.69   | 0.59%             | 2038-08-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                                       | Miami-Dade County Housing Finance Authority, Series 2025B                                                             | CUSIP: 593344CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039564.06   | 0.26%             | 2029-03-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| City of Galveston                                                                                 | City of Galveston, Series 2024A                                                                                       | CUSIP: 364568JN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $671672.93    | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                              | Oregon State Lottery, Series 2025A                                                                                    | CUSIP: 68607V5Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9875000 | PA      | $10287365.18  | 0.87%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bowie County Industrial Development Corp.                                                         | Bowie County Industrial Development Corp., Series 1985                                                                | CUSIP: 102446AA9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.29%             | 2025-11-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Honeoye Falls-Lima Central School District                                                        | Honeoye Falls-Lima Central School District                                                                            | CUSIP: 438209MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5669955.14   | 0.48%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh and Allegheny County                                  | Sports & Exhibition Authority of Pittsburgh & Allegheny County, Series 2007-A                                         | CUSIP: 724790AA8<br>LEI: 254900JJT7A9Y409G258 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.42%             | 2038-11-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024A                                                                           | CUSIP: 56035DGF3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    680000 | PA      | $686745.42    | 0.06%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                                   | New York City Transitional Finance Authority Future Tax Secured, Series 2019C-4                                       | CUSIP: 64971XKS6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  17560000 | PA      | $17560000.00  | 1.48%             | 2044-11-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025B                                                       | CUSIP: 84136HBL6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1230304.84   | 0.10%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                                      | New York City Transitional Finance Authority, Series 2025D                                                            | CUSIP: 64972JMR6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4535109.58   | 0.38%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                | Tennessee Energy Acquisition Corp., Series 2006A                                                                      | CUSIP: 880443BS4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3394386.28   | 0.29%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                     | Main Street Natural Gas, Inc., Series 2024B                                                                           | CUSIP: 56035DGY2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    490000 | PA      | $502952.93    | 0.04%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                                              | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2024B                                                   | CUSIP: 603827N77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3002859.60   | 0.25%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                                                | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021                                                       | CUSIP: 88256HBB3<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1890921.26   | 0.16%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                           | Energy Southeast A Cooperative District, Series 2023B-1                                                               | CUSIP: 292723AN3<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1623860.95   | 0.14%             | 2027-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                  | Kentucky Public Energy Authority, Series 2024B                                                                        | CUSIP: 74440DER1<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    865000 | PA      | $887426.04    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025F                                                       | CUSIP: 84136JAD1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4460000 | PA      | $4708690.80   | 0.40%             | 2029-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parish of St James                                                                                | Parish of St. James, Series 2010B-1                                                                                   | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  30500000 | PA      | $30500000.00  | 2.57%             | 2040-11-01      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| DeKalb Park District                                                                              | DeKalb Park District, Series 2025                                                                                     | CUSIP: 240790BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $346355.10    | 0.03%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                                      | New Jersey Housing & Mortgage Finance Agency, Series 2025M                                                            | CUSIP: 64613AKW1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302472.08    | 0.03%             | 2029-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                         | Indiana Finance Authority, Series 2009D                                                                               | CUSIP: 45471AAS1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | STIV             | MUN               | US        |  11870000 | PA      | $11870000.00  | 1.00%             | 2039-11-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2025C                                                       | CUSIP: 84136HCA9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    885000 | PA      | $928465.48    | 0.08%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                    | Black Belt Energy Gas District, Series 2022E                                                                          | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5190382.77   | 0.44%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                                        | Industrial Development Board of the City of Mobile Alabama, Series 2008                                               | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9024057.31   | 0.76%             | 2034-07-15      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Borough of Manasquan                                                                              | Borough of Manasquan                                                                                                  | CUSIP: 561773BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2711000 | PA      | $2714853.50   | 0.23%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                 | Southeast Energy Authority A Cooperative District, Series 2024C                                                       | CUSIP: 84136HAC7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050939.79   | 0.09%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** iShares U.S. ETF Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer