# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-26-040408
**Filing Date:** 2026-4
**Character Count:** 435620
**Document Hash:** bf8349082dd9e3e78af80bcb3ab33265
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040408.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001410368-26-040408

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 26895251

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianceBernstein Active ETFs, Inc.
- **DATE OF NAME CHANGE:** 20100714

## Series and Classes Contracts Data

### AB Tax-Aware Short Duration Municipal ETF (Series ID: S000076879)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000237018 | AB Tax-Aware Short Duration Municipal ETF | TAFI            |

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB Tax-Aware Short Duration Municipal ETF** 

**Portfolio of Investments** 

**February 28, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 95.0%** | **MUNICIPAL OBLIGATIONS – 95.0%** | **MUNICIPAL OBLIGATIONS – 95.0%** |
|  **Long-Term Municipal Bonds – 82.1%** | **Long-Term Municipal Bonds – 82.1%** | **Long-Term Municipal Bonds – 82.1%** |
|  **Alabama – 4.7%** | **Alabama – 4.7%** | **Alabama – 4.7%** |
|  Black Belt Energy Gas District <br>(BP PLC)<br>Series 2024-D<br>5.00%, 03/01/2055 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3309394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-E<br>5.00%, 12/01/2055 | 2000 | 2205900 |
|  Black Belt Energy Gas District <br>(Canadian Imperial Bank of Commerce)<br>Series 2026-B<br>5.00%, 12/01/2034 | 1035 | 1142877 |
|  Black Belt Energy Gas District <br>(Citadel LP)<br>Series 2025-C<br>5.50%, 11/01/2056<sup>(a)</sup> | 1000 | 1093391 |
|  Black Belt Energy Gas District <br>(Goldman Sachs Group)<br>Series 2021-B<br>4.00%, 10/01/2052 | 1200 | 1210980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-D<br>4.309% (SOFR + 1.85%), 06/01/2049<sup>(b)</sup> | 1000 | 1019213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 10/01/2055 | 2750 | 3000267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-G<br>5.00%, 10/01/2035 | 1500 | 1638898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-E<br>5.00%, 07/01/2033<sup>(c)</sup> | 1000 | 1084209 |
|  Black Belt Energy Gas District <br>(Pacific Life Insurance)<br>Series 2026-F<br>5.00%, 12/01/2035 | 1000 | 1099440 |
|  Black Belt Energy Gas District <br>(Royal Bank of Canada)<br>Series 2023-B<br>5.25%, 12/01/2053 | 2210 | 2419902 |
|  City of Huntsville AL <br>(City of Huntsville AL)<br>Series 2016-B<br>5.00%, 05/01/2028 | 470 | 472236 |
|  County of Jefferson AL Sewer Revenue <br>(County of Jefferson AL Sewer Revenue)<br>Series 2024<br>5.00%, 10/01/2034 | 1005 | 1154293 |
|  Southeast Alabama Gas Supply District (The) <br>(Morgan Stanley)<br>Series 2024<br>5.00%, 06/01/2049 | 1000 | 1092568 |
|  Southeast Alabama Gas Supply District (The) <br>(Pacific Life Insurance)<br>Series 2024-A<br>5.00%, 08/01/2054 | 6000 | 6509287 |
|  Southeast Energy Authority A Cooperative District <br>(Deutsche Bank AG)<br>Series 2024-A<br>5.00%, 11/01/2035 | 1000 | 1075510 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Southeast Energy Authority A Cooperative District <br>(Goldman Sachs Group)<br>Series 2022-B<br>5.00%, 05/01/2053 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1050940 |
|  Southeast Energy Authority A Cooperative District <br>(JPMorgan Chase & Co.)<br>Series 2025-E<br>5.00%, 10/01/2030 |  | 9505 |  | 10358752 |
|  Southeast Energy Authority A Cooperative District <br>(Morgan Stanley)<br>Series 2022-A<br>5.50%, 01/01/2053 |  | 2000 |  | 2176219 |
|  Southeast Energy Authority A Cooperative District <br>(New York Life Insurance)<br>Series 2025<br>5.00%, 09/01/2035 |  | 1000 |  | 1119864 |
|  Southeast Energy Authority A Cooperative District <br>(Pacific Life Insurance)<br>Series 2024-C<br>5.00%, 10/01/2055 |  | 1500 |  | 1647328 |
|  Southeast Energy Authority A Cooperative District <br>(Royal Bank of Canada)<br>Series 2023-B<br>5.00%, 01/01/2054 |  | 3110 |  | 3345934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C<br>5.00%, 05/01/2055 |  | 1620 |  | 1754806 |
|  Southeast Energy Authority A Cooperative District <br>(Sumitomo Mitsui Financial Group)<br>Series 2023-A<br>5.00%, 07/01/2027 |  | 1500 |  | 1539750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/01/2054 |  | 2500 |  | 2668024 |
|  |  |  |  | 55189982 |
|  **Arizona – 1.8%** | **Arizona – 1.8%** | **Arizona – 1.8%** | **Arizona – 1.8%** | **Arizona – 1.8%** |
|  Arizona Department of Transportation State Highway Fund Revenue <br>(Arizona Dept. of Transportation State Highway Fund Revenue)<br>Series 2016<br>5.00%, 07/01/2034 |  | 2575 |  | 2597664 |
|  Arizona Industrial Development Authority <br>(Equitable School Revolving Fund Obligated Group)<br>Series 2026<br>5.00%, 11/01/2031 |  | 1000 |  | 1117760 |
|  Chandler Industrial Development Authority <br>(Intel Corp.)<br>Series 2022<br>5.00%, 09/01/2042 |  | 3000 |  | 3062922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2052 |  | 5000 |  | 5106015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>4.00%, 06/01/2049 |  | 4000 |  | 4115005 |
|  City of Glendale AZ Water & Sewer Revenue <br>(City of Glendale AZ Water & Sewer Revenue)<br>Series 2022-B<br>5.00%, 07/01/2026 |  | 1000 |  | 1009418 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Industrial Development Authority of the City of Phoenix Arizona (The) <br>(AZ GFF Tiyan LLC Lease)<br>Series 2014<br>5.00%, 02/01/2029 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700046 |
|  La Paz County Industrial Development Authority <br>(Harmony Public Schools)<br>Series 2016<br>5.00%, 02/15/2036<sup>(a)</sup> |  | 1100 |  | 1100770 |
|  Salt River Project Agricultural Improvement & Power District <br>(Salt River Project Agricultural Improvement & Power District)<br>Series 2016-A<br>5.00%, 01/01/2030 |  | 2000 |  | 2048659 |
|  |  |  |  | 20858259 |
|  **Arkansas – 0.0%** | **Arkansas – 0.0%** | **Arkansas – 0.0%** | **Arkansas – 0.0%** | **Arkansas – 0.0%** |
|  Arkansas Development Finance Authority <br>(Hybar LLC)<br>Series 2023<br>6.875%, 07/01/2048<sup>(a)</sup> |  | 115 |  | 124048 |
|  **California – 10.0%** | **California – 10.0%** | **California – 10.0%** | **California – 10.0%** | **California – 10.0%** |
|  Anaheim Public Financing Authority <br>(City of Anaheim CA Lease)<br>AG Series 1997<br>Zero Coupon, 09/01/2031 |  | 1000 |  | 874802 |
|  Bay Area Toll Authority <br>(Bay Area Toll Authority)<br>Series 2021<br>2.29% (MUNIPSA + 0.41%), 04/01/2056<sup>(b)</sup> |  | 3000 |  | 2958734 |
|  California Community Choice Financing Authority <br>(American General Life Insurance)<br>Series 2023-D<br>5.50%, 05/01/2054 |  | 5000 |  | 5326832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024C<br>5.00%, 08/01/2055 |  | 2000 |  | 2163721 |
|  California Community Choice Financing Authority <br>(Athene Annuity & Life Co.)<br>Series 2024G<br>5.00%, 11/01/2055 |  | 2000 |  | 2108005 |
|  California Community Choice Financing Authority<br>(Bank of Nova Scotia (The))<br>Series 2025E<br>5.00%, 10/01/2056 |  | 3250 |  | 3639806 |
|  California Community Choice Financing Authority <br>(Canadian Imperial Bank of Commerce)<br>Series 2025F<br>5.00%, 11/01/2033 |  | 1000 |  | 1106645 |
|  California Community Choice Financing Authority <br>(Deutsche Bank AG)<br>Series 2023<br>5.25%, 01/01/2054 |  | 1000 |  | 1074683 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California Community Choice Financing Authority <br>(Goldman Sachs Group)<br>Series 2021<br>4.00%, 10/01/2052 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1019229 |
|  California Community Choice Financing Authority <br>(Morgan Stanley)<br>Series 2024<br>5.00%, 05/01/2054 | 3500 | 3815736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-A<br>3.908% (SOFR + 1.45%), 04/01/2056<sup>(b)</sup> | 2000 | 1999943 |
|  California Community Choice Financing Authority <br>(New York Life Insurance)<br>Series 2024H<br>5.00%, 01/01/2056 | 1000 | 1115546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025G<br>5.00%, 12/01/2035 | 1000 | 1126164 |
|  California Community Choice Financing Authority <br>(Nomura Holdings, Inc.)<br>Series 2026<br>5.00%, 03/01/2036 | 1000 | 1089749 |
|  California Community Choice Financing Authority <br>(Pacific Life Insurance)<br>Series 2024-F<br>5.00%, 02/01/2055 | 1750 | 1921033 |
|  California Health Facilities Financing Authority <br>(Adventist Health System/West Obligated Group)<br>Series 2025<br>5.00%, 12/01/2032 | 2000 | 2254965 |
|  California Infrastructure & Economic Development Bank <br>(Desertxpress Enterprises)<br>Series 2025<br>3.50%, 01/01/2065<sup>(a)</sup> | 4000 | 4001346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 01/01/2065<sup>(a)</sup> | 1100 | 594000 |
|  California Municipal Finance Authority <br>(Azusa Pacific University)<br>Series 2015-B<br>5.00%, 04/01/2026 | 500 | 500169 |
|  California Municipal Finance Authority <br>(LAX Integrated Express Solutions)<br>Series 2018<br>5.00%, 06/30/2029 | 1000 | 1045509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/31/2033 | 1500 | 1559846 |
|  California Municipal Finance Authority <br>(United Airlines, Inc.)<br>Series 2019<br>4.00%, 07/15/2029 | 1285 | 1310036 |
|  California Pollution Control Financing Authority <br>(Waste Management, Inc.)<br>Series 2024<br>4.25%, 11/01/2038 | 1000 | 1040688 |
|  California State Public Works Board <br>(California State Public Works Board Lease)<br>Series 2017-H<br>5.00%, 04/01/2031 | 1425 | 1470589 |
|  California Statewide Communities Development Authority <br>(Redlands Community Hospital Obligated Group)<br>Series 2016<br>3.75%, 10/01/2035 | 1735 | 1696526 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California Statewide Communities Development Authority <br>(Southern California Edison)<br>Series 2023<br>4.50%, 11/01/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1071419 |
|  City of Los Angeles Department of Airports <br>(City of Los Angeles Dept. of Airports)<br>Series 2017-A<br>5.00%, 05/15/2030 | 3385 | 3489066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>5.00%, 05/15/2027 | 1730 | 1784273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 05/15/2028 | 1610 | 1701035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 05/15/2026 | 1000 | 1005390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2034 | 2045 | 2397754 |
|  County of Sacramento CA Airport System Revenue <br>(County of Sacramento CA Airport System Revenue)<br>Series 2025-A<br>5.00%, 07/01/2031 | 1800 | 2021979 |
|  Golden State Tobacco Securitization Corp. <br>(Golden State Tobacco Securitization)<br>Series 2021<br>3.85%, 06/01/2050 | 2025 | 1881959 |
|  Los Angeles County Sanitation Districts Financing Authority <br>(Los Angeles County Sanitation District No. 20)<br>Series 2016-A<br>5.00%, 10/01/2030 | 1140 | 1157106 |
|  Los Angeles Department of Water & Power <br>(Los Angeles Dept. of Water & Power Power System Revenue)<br>Series 2018-A<br>5.00%, 07/01/2032 | 1680 | 1753977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-D<br>5.00%, 07/01/2032 | 1955 | 2063940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>5.00%, 07/01/2028 | 1100 | 1168070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 07/01/2028 | 4520 | 4740896 |
|  Los Angeles Department of Water & Power Power System Revenue <br>(Los Angeles Dept. of Water & Power Power System Revenue)<br>Series 2020-A<br>5.00%, 07/01/2027 | 2035 | 2111155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>4.00%, 07/01/2026 | 1350 | 1355858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B<br>5.00%, 07/01/2032 | 2060 | 2299715 |
|  Los Angeles Department of Water & Power Water System Revenue <br>(Los Angeles Dept. of Water & Power Water System Revenue)<br>Series 2018-B<br>5.00%, 07/01/2028 | 1150 | 1221164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2032 | 1000 | 1055724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A<br>5.00%, 07/01/2035 | 1800 | 2070236 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Montebello Public Financing Authority<br> (City of Montebello CA Lease)<br>Series 2016<br>5.00%, 06/01/2030 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006679 |
|  Newport Mesa Unified School District<br> (Newport Mesa Unified School District)<br>NATL Series 2007<br>Zero Coupon, 08/01/2031 | 2000 | 1751011 |
|  Port of Oakland<br> (Port of Oakland)<br>Series 2017<br>5.00%, 11/01/2029 | 1500 | 1557964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>5.00%, 11/01/2029 | 1575 | 1703972 |
|  San Diego County Regional Airport Authority<br> (San Diego County Regional Airport Authority)<br>Series 2017-B<br>5.00%, 07/01/2029 | 1725 | 1778725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B<br>5.00%, 07/01/2030 | 1000 | 1103491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 07/01/2029 | 1610 | 1745832 |
|  San Francisco Intl Airport<br> (San Francisco Intl Airport)<br>Series 2018<br>5.00%, 05/01/2027 | 1530 | 1572543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-H<br>5.00%, 05/01/2027 | 1500 | 1541709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 05/01/2029 | 2500 | 2700904 |
|  San Joaquin Valley Clean Energy Authority<br> (Goldman Sachs Group)<br>Series 2025<br>5.50%, 01/01/2056 | 3000 | 3416896 |
|  Southern California Public Power Authority<br> (American General Life Insurance)<br>Series 2024-A<br>5.00%, 04/01/2055 | 1000 | 1075898 |
|  Southern California Public Power Authority<br> (Goldman Sachs Group)<br>Series 2007-A<br>5.00%, 11/01/2033 | 1000 | 1132192 |
|  Southern California Public Power Authority<br> (Prerefunded - US Treasuries)<br>Series 2016<br>5.00%, 07/01/2028 | 1080 | 1080085 |
|  State of California<br> (State of California)<br>Series 2015-C<br>5.00%, 09/01/2030 | 50 | 50115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016<br>5.00%, 09/01/2034 | 1500 | 1520406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 08/01/2029 | 1885 | 2075370 |
|  University of California<br> (University of California)<br>Series 2025-C<br>5.00%, 05/15/2030 | 5000 | 5597803 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Washington Township Health Care District<br> (Washington Township Health Care District)<br>Series 2020-A<br>5.00%, 07/01/2031 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650 | $| 704491 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116281104 |
|  **Colorado – 2.2%** | **Colorado – 2.2%** | **Colorado – 2.2%** | **Colorado – 2.2%** | **Colorado – 2.2%** |
|  Adams & Weld Counties School District No. 27J Brighton/CO<br> (Adams & Weld Counties School District No. 27J Brighton/CO)<br>Series 2016-A<br>2.50%, 12/01/2027 |  | 1500 |  | 1501648 |
|  City & County of Broomfield CO Sales & Use Tax Revenue<br> (City & County of Broomfield CO Sales & Use Tax Revenue)<br>Series 2017<br>5.00%, 12/01/2034 |  | 2000 |  | 2089986 |
|  City & County of Denver CO Airport System Revenue<br> (City & County of Denver CO Airport System Revenue)<br>Series 2022-A<br>5.50%, 11/15/2035 |  | 3250 |  | 3754637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-D<br>5.25%, 11/15/2026 |  | 1020 |  | 1039953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/2035 |  | 1250 |  | 1468799 |
|  City & County of Denver CO Airport System Revenue<br> (Denver Intl Airport)<br>Series 2018-A<br>5.00%, 12/01/2029 |  | 3000 |  | 3209748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2030 |  | 1370 |  | 1516220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 |  | 2020 |  | 2156371 |
|  Colorado Educational & Cultural Facilities Authority<br> (Ascent Classical Academy Charter Schools)<br>Series 2024<br>4.75%, 04/01/2034<sup>(a)</sup> |  | 1000 |  | 1042247 |
|  Colorado Health Facilities Authority<br> (CommonSpirit Health Obligated Group)<br>Series 2025 5.00%, 09/01/2035 |  | 1500 |  | 1734583 |
|  Colorado Housing & Finance Authority<br> (Albion Apartments LLLP)<br>Series 2025<br>3.375%, 07/01/2044 |  | 3000 |  | 3041908 |
|  E-470 Public Highway Authority<br> (E-470 Public Highway Authority)<br>Series 2024-B<br>3.208% (SOFR + 0.75%), 09/01/2039<sup>(b)</sup> |  | 2000 |  | 1997267 |
|  State of Colorado<br> (State of Colorado COP)<br>Series 2018-A<br>5.00%, 12/15/2027 |  | 1000 |  | 1049949 |
|  |  |  |  | 25603316 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Connecticut – 0.5%** | **Connecticut – 0.5%** | **Connecticut – 0.5%** |
|  City of New Haven CT<br> (City of New Haven CT)<br>AG Series 2016-A<br>5.00%, 08/15/2027 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1875 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1897592 |
|  Stamford Housing Authority<br> (TJH Senior Living Obligated Group)<br>Series 2025<br>4.75%, 10/01/2032 | 2000 | 2108352 |
|  Town of Hamden CT<br> (Town of Hamden CT)<br>BAM Series 2017-A<br>5.00%, 08/15/2026 | 1000 | 1011476 |
|  University of Connecticut<br> (University of Connecticut)<br>Series 2016-A<br>5.00%, 03/15/2027 | 1000 | 1002172 |
|  |  | 6019592 |
|  **District of Columbia – 1.5%** | **District of Columbia – 1.5%** | **District of Columbia – 1.5%** |
|  District of Columbia<br> (District of Columbia)<br>Series 2016-A<br>5.00%, 06/01/2027 | 2500 | 2516883 |
|  District of Columbia<br> (Plenary Infrastructure DC State Lease)<br>Series 2022<br>5.00%, 08/31/2026 | 1410 | 1423871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/31/2028 | 1275 | 1341173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/28/2030 | 1380 | 1492158 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br> (Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2017<br>5.00%, 10/01/2026 | 465 | 472177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 10/01/2034 | 1075 | 1130434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 10/01/2027 | 1025 | 1064367 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A<br>5.00%, 10/01/2032 | 2000 | 2195735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>5.00%, 10/01/2030 | 3000 | 3324429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 10/01/2031 | 2000 | 2255019 |
|  |  | 17216246 |
|  **Florida – 5.1%** | **Florida – 5.1%** | **Florida – 5.1%** |
|  Capital Projects Finance Authority/FL<br> (CAPFA Capital Corp. 2000F)<br>Series 2020-A<br>5.00%, 10/01/2026 | 1500 | 1516468 |
|  City of Jacksonville FL<br> (Genesis Health Obligated Group)<br>Series 2017<br>5.00%, 11/01/2026 | 600 | 608510 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Port St. Lucie FL Utility System Revenue<br> (City of Port St. Lucie FL Utility System Revenue)<br>Series 2016<br>4.00%, 09/01/2032 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3560 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3580164 |
|  City of Venice FL<br> (Southwest Florida Retirement Center Obligated Group)<br>Series 2024<br>4.25%, 01/01/2030<sup>(a)</sup> | 900 | 902342 |
|  Collier County Industrial Development Authority<br> (NCH Healthcare System Obligated Group)<br>Series 2024<br>5.00%, 10/01/2054 | 2000 | 2190848 |
|  County of Brevard FL<br> (County of Brevard FL Fuel Tax)<br>AG Series 2016<br>5.00%, 08/01/2028 | 1445 | 1461071 |
|  County of Broward FL Port Facilities Revenue<br> (County of Broward FL Port Facilities Revenue)<br>Series 2019-B<br>5.00%, 09/01/2032 | 1500 | 1594566 |
|  County of Charlotte FL<br> (County of Charlotte FL)<br>Series 2015<br>5.00%, 10/01/2027 | 1080 | 1082065 |
|  County of Lee FL Airport Revenue<br> (County of Lee FL Airport Revenue)<br>Series 2026-A<br>5.00%, 10/01/2056<sup>(c)</sup> | 1585 | 1744096 |
|  County of Miami-Dade FL<br> (County of Miami-Dade FL)<br>Series 2016<br>5.00%, 07/01/2032 | 1040 | 1048425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 07/01/2028 | 1000 | 1064137 |
|  County of Miami-Dade FL Aviation Revenue<br> (County of Miami-Dade FL Aviation Revenue)<br>Series 2024-A<br>5.00%, 10/01/2030 | 1540 | 1696717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2033 | 2500 | 2869942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2034 | 1000 | 1155179 |
|  County of Miami-Dade Seaport Department<br> (County of Miami-Dade Seaport Dept.)<br>Series 2023-A<br>5.00%, 10/01/2030 | 1145 | 1249474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2034 | 1000 | 1110084 |
|  Florida Development Finance Corp.<br> (GFL Solid Waste Southeast)<br>Series 2024<br>4.375%, 10/01/2054<sup>(a)</sup> | 1950 | 1979536 |
|  Florida Development Finance Corp.<br> (Waste Pro USA, Inc.)<br>Series 2025<br>4.45%, 07/01/2037<sup>(a)</sup> | 1500 | 1531393 |
|  Florida Insurance Assistance Interlocal Agency, Inc.<br> (Florida Insurance Guaranty Association)<br>Series 2023-A<br>5.00%, 09/01/2027 | 4000 | 4052002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2028 | 1060 | 1073741 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Florida Local Government Finance Commission<br> (Ponte Vedra Pine Obligated Group)<br>Series 2025<br>4.20%, 11/15/2030<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1010826 |
|  Florida Municipal Power Agency<br> (Florida Municipal Power Agency All-Requirements Power Supply Project Revenue)<br>Series 2025<br>5.00%, 10/01/2026 | 1100 | 1116792 |
|  Greater Orlando Aviation Authority<br> (Greater Orlando Aviation Authority)<br>Series 2022-A<br>5.00%, 10/01/2029 | 1040 | 1132095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 10/01/2027 | 1000 | 1038407 |
|  Greater Orlando Aviation Authority<br> (United Airlines, Inc.)<br>Series 2025<br>5.25%, 11/01/2034 | 2000 | 2195969 |
|  Hillsborough County Aviation Authority<br> (Hillsborough County Aviation Authority)<br>Series 2024<br>5.00%, 10/01/2033 | 2295 | 2632920 |
|  Lee County Industrial Development Authority/FL<br> (Shell Point Obligated Group)<br>Series 2024<br>4.125%, 11/15/2029 | 1000 | 1007311 |
|  Miami-Dade County Expressway Authority<br> (Miami-Dade County Expressway Authority)<br>Series 2016-A<br>5.00%, 07/01/2028 | 1625 | 1637677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2033 | 1000 | 1006637 |
|  Miami-Dade County Industrial Development Authority<br> (PRG - Casa Properties LLC)<br>Series 2026<br>5.375%, 07/01/2065<sup>(a)</sup> | 1000 | 1036252 |
|  Mid-Bay Bridge Authority<br> (Mid-Bay Bridge Authority)<br>AG Series 2025<br>5.00%, 10/01/2030 | 2000 | 2208986 |
|  North Sumter County Utility Dependent District<br> (North Sumter County Utility Dependent District)<br>Series 2020<br>5.00%, 10/01/2026 | 900 | 912529 |
|  Palm Beach County Health Facilities Authority<br> (Jupiter Medical Center Obligated Group)<br>Series 2025<br>5.00%, 11/01/2030 | 2015 | 2203612 |
|  Pinery Community Development District<br> (Pinery Community Development District Assessment Area One)<br>Series 2026<br>4.50%, 05/01/2036 | 200 | 202847 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  School Board of Miami-Dade County (The)<br> (Miami-Dade County School Board Foundation COP)<br>Series 2016-A<br>5.00%, 05/01/2030 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1340 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1345895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 05/01/2026 |  | 1500 |  | 1506799 |
|  Village Community Development District No. 15<br> (Village Community Development District No. 15 Series 2024 Special Assessment)<br>Series 2024<br>3.75%, 05/01/2029<sup>(a)</sup> |  | 695 |  | 702978 |
|  West Palm Beach Community Redevelopment Agency<br> (West Palm Beach Community Redevelopment Agency City Center Community Redev Area)<br>Series 2015<br>5.00%, 03/01/2026 |  | 2590 |  | 2590000 |
|  |  |  |  | 58999292 |
|  **Georgia – 3.6%** | **Georgia – 3.6%** | **Georgia – 3.6%** | **Georgia – 3.6%** | **Georgia – 3.6%** |
|  City of Atlanta GA Airport Passenger Facility Charge<br> (City of Atlanta GA Airport Passenger Facility Charge)<br>Series 2023<br>5.00%, 07/01/2030 |  | 2000 |  | 2199207 |
|  City of Atlanta GA Department of Aviation<br> (City of Atlanta GA Dept. of Aviation)<br>Series 2023-G<br>5.00%, 07/01/2027 |  | 1000 |  | 1031868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.00%, 07/01/2031 |  | 2100 |  | 2357861 |
|  County of DeKalb GA Water & Sewerage Revenue<br> (County of DeKalb GA Water & Sewerage Revenue)<br>Series 2025-A<br>5.00%, 10/01/2026 |  | 1500 |  | 1524900 |
|  Development Authority for Fulton County<br> (Piedmont Healthcare Obligated Group)<br>Series 2016-A<br>5.00%, 07/01/2028 |  | 1125 |  | 1134478 |
|  Development Authority of Burke County (The)<br> (Georgia Power Co.)<br>Series 2024<br>3.30%, 12/01/2049 |  | 1500 |  | 1521583 |
|  Development Authority of Cobb County (The)<br> (MT Bethel Christian Academy)<br>Series 2025<br>5.00%, 06/01/2035<sup>(a)</sup> |  | 1160 |  | 1218414 |
|  Fayette County Development Authority<br> (United States Soccer Federation)<br>Series 2024<br>5.00%, 10/01/2033 |  | 1100 |  | 1236251 |
|  Main Street Natural Gas, Inc.<br> (Citadel LP)<br>Series 2022-C<br>4.00%, 08/01/2052<sup>(a)</sup> |  | 4500 |  | 4538079 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Main Street Natural Gas, Inc.<br> (Citigroup, Inc.)<br>Series 2019-C<br>4.00%, 03/01/2050 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C<br>4.00%, 05/01/2052 |  | 1000 |  | 1029616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>5.00%, 12/01/2052 |  | 4000 |  | 4239838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A<br>5.00%, 06/01/2053 |  | 2000 |  | 2140486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.00%, 12/01/2054 |  | 3500 |  | 3808448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-E<br>5.00%, 05/01/2055 |  | 2000 |  | 2186963 |
|  Main Street Natural Gas, Inc.<br> (Royal Bank of Canada)<br>Series 2023<br>4.159% (SOFR + 1.70%), 12/01/2053<sup>(b)</sup> |  | 1000 |  | 1031876 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 12/01/2054 |  | 1000 |  | 1095446 |
|  Main Street Natural Gas, Inc.<br> (Toronto-Dominion Bank)<br>Series 2024-D<br>5.00%, 04/01/2054 |  | 1500 |  | 1633682 |
|  Municipal Electric Authority of Georgia<br> (Municipal Electric Authority of Georgia)<br>Series 2016-A<br>5.00%, 01/01/2028 |  | 1840 |  | 1856157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 01/01/2033 |  | 1200 |  | 1279570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 01/01/2029 |  | 500 |  | 536077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 01/01/2030 |  | 1000 |  | 1095023 |
|  Private Colleges & Universities Authority<br> (Emory University)<br>Series 2023<br>5.00%, 09/01/2033<sup>(a)</sup> |  | 2000 |  | 2340770 |
|  |  |  |  | 42042508 |
|  **Guam – 0.8%** | **Guam – 0.8%** | **Guam – 0.8%** | **Guam – 0.8%** | **Guam – 0.8%** |
|  Guam Government Waterworks Authority <br>(Guam Waterworks Authority Water And Wastewater System)<br>Series 2024-B<br>5.00%, 07/01/2027 |  | 1000 |  | 1030231 |
|  Territory of Guam <br>(Guam Section 30 Income Tax)<br>Series 2016-A<br>5.00%, 12/01/2026 |  | 2000 |  | 2029925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 |  | 3000 |  | 3036807 |
|  Territory of Guam <br>(Territory of Guam Business Privilege Tax)<br>Series 2021-F<br>5.00%, 01/01/2031 |  | 1250 |  | 1369054 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Territory of Guam <br>(Territory of Guam)<br>Series 2019<br>5.00%, 11/15/2031 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-G<br>5.00%, 01/01/2028 |  | 1625 |  | 1686825 |
|  |  |  |  | 9913100 |
|  **Hawaii – 0.5%** | **Hawaii – 0.5%** | **Hawaii – 0.5%** | **Hawaii – 0.5%** | **Hawaii – 0.5%** |
|  City & County of Honolulu HI <br>(City & County of Honolulu HI)<br>Series 2019-D<br>5.00%, 08/01/2026 |  | 1050 |  | 1062639 |
|  State of Hawaii <br>(State of Hawaii)<br>Series 2016-F<br>5.00%, 10/01/2028 |  | 1855 |  | 1886631 |
|  State of Hawaii Airports System Revenue <br>(State of Hawaii Airports System Revenue)<br>Series 2018-A<br>5.00%, 07/01/2029 |  | 1000 |  | 1055047 |
|  State of Hawaii Harbor System Revenue <br>(State of Hawaii Harbor System Revenue)<br>Series 2020-A<br>4.00%, 07/01/2035 |  | 2280 |  | 2346869 |
|  |  |  |  | 6351186 |
|  **Idaho – 0.3%** | **Idaho – 0.3%** | **Idaho – 0.3%** | **Idaho – 0.3%** | **Idaho – 0.3%** |
|  Idaho Health Facilities Authority <br>(St. Luke's Health System Obligated Group/ID)<br>Series 2018<br>5.00%, 03/01/2027 |  | 1000 |  | 1026591 |
|  Idaho State Building Authority <br>(State of Idaho Sales Tax Revenue)<br>Series 2024-A<br>5.00%, 06/01/2028 |  | 2500 |  | 2659256 |
|  |  |  |  | 3685847 |
|  **Illinois – 6.0%** | **Illinois – 6.0%** | **Illinois – 6.0%** | **Illinois – 6.0%** | **Illinois – 6.0%** |
|  Chicago Board of Education <br>(Chicago Board of Education)<br>Series 2017-C<br>5.00%, 12/01/2030 |  | 1000 |  | 1015186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 12/01/2030 |  | 1575 |  | 1631051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.50%, 12/01/2033 |  | 4000 |  | 4399884 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2018-A<br>5.00%, 12/01/2027 |  | 1500 |  | 1557798 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2018-C<br>5.00%, 12/01/2031 |  | 1000 |  | 1052129 |
|  Chicago O'Hare International Airport <br>(Chicago O'Hare Intl Airport)<br>Series 2024-C<br>5.00%, 01/01/2027 |  | 2750 |  | 2804825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2028 |  | 3000 |  | 3130870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2034 |  | 1015 |  | 1160596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 01/01/2036 |  | 2195 |  | 2495780 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Chicago Transit Authority <br>(Chicago Transit Authority)<br>Series 2017<br>5.00%, 06/01/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1695 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1704380 |
|  Chicago Transit Authority Capital Grant Receipts Revenue <br>(City of Chicago IL Fed Hwy Grant)<br>Series 2021<br>5.00%, 06/01/2027 | 1750 | 1795325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2028 | 1750 | 1846762 |
|  Chicago Transit Authority Sales Tax Receipts Fund <br>(Chicago Transit Authority Sales Tax Receipts Fund)<br>Series 2024-A<br>5.00%, 12/01/2029 | 1780 | 1949498 |
|  City of Chicago IL Waterworks Revenue <br>(City of Chicago IL Waterworks Revenue)<br>AMBAC Series 2001<br>5.75%, 11/01/2030 | 635 | 684627 |
|  City of Springfield IL Electric Revenue <br>(City of Springfield IL Electric Revenue)<br>BAM Series 2024<br>5.00%, 03/01/2027 | 2000 | 2051363 |
|  City of Waukegan IL <br>(City of Waukegan IL)<br>AG Series 2018-B<br>5.00%, 12/30/2026 | 1125 | 1148182 |
|  County of Cook IL <br>(County of Cook IL)<br>Series 2021-A<br>5.00%, 11/15/2033 | 970 | 1070301 |
|  Illinois Finance Authority <br>(Ann & Robert H Lurie Children's Hospital of Chicago Obligated Group)<br>Series 2017<br>5.00%, 08/15/2026 | 2265 | 2291199 |
|  Illinois Finance Authority <br>(Centerpoint Joliet Terminal Railroad)<br>Series 2024<br>4.125%, 12/01/2050<sup>(a)</sup> | 1500 | 1522930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>4.80%, 12/01/2043<sup>(a)</sup> | 1000 | 1049797 |
|  Illinois Finance Authority <br>(Moorings of Arlington Heights Obligated Group)<br>Series 2025<br>3.65%, 05/01/2031 | 2230 | 2241037 |
|  Illinois Municipal Electric Agency <br>(Illinois Municipal Electric Agency)<br>Series 2025-A<br>5.00%, 02/01/2027 | 1000 | 1024078 |
|  Metropolitan Pier & Exposition Authority <br>(Metropolitan Pier & Exposition Authority)<br>Series 2023<br>5.00%, 12/15/2027 | 1000 | 1039019 |
|  Metropolitan Water Reclamation District of Greater Chicago <br>(Metropolitan Water Reclamation District of Greater Chicago)<br>Series 2016-A<br>5.00%, 12/01/2030 | 2620 | 2674207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>5.00%, 12/01/2031 | 850 | 866948 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Northern Illinois University <br>(Northern Illinois University)<br>BAM Series 2020-B<br>5.00%, 04/01/2031 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782953 |
|  Public Building Commission of Chicago <br>(Public Building Commission of Chicago)<br>AMBAC Series 2006<br>5.25%, 03/01/2028 |  | 2970 |  | 3123807 |
|  Sales Tax Securitization Corp. <br>(Sales Tax Securitization)<br>Series 2018-C<br>5.50%, 01/01/2031 |  | 2000 |  | 2167268 |
|  Sangamon County School District No. 186 Springfield <br>(Sangamon County School District No. 186 Springfield)<br>AG Series 2020-B<br>5.00%, 02/01/2032 |  | 735 |  | 802168 |
|  State of Illinois <br>(State of Illinois)<br>Series 2017-D<br>5.00%, 11/01/2026 |  | 2000 |  | 2034529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2027 |  | 2500 |  | 2607947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 10/01/2029 |  | 2000 |  | 2128710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 11/01/2029 |  | 695 |  | 757586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.50%, 05/01/2030 |  | 2040 |  | 2199404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 02/01/2031 |  | 2000 |  | 2226776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 05/01/2026 |  | 1000 |  | 1004247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.25%, 09/01/2027 |  | 1500 |  | 1563911 |
|  State of Illinois Sales Tax Revenue <br>(State of Illinois Sales Tax Revenue)<br>Series 2021-A<br>4.00%, 06/15/2028 |  | 605 |  | 624708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 06/15/2030 |  | 1790 |  | 1976810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 06/15/2028 |  | 1680 |  | 1779503 |
|  |  |  |  | 69988099 |
|  **Indiana – 1.0%** | **Indiana – 1.0%** | **Indiana – 1.0%** | **Indiana – 1.0%** | **Indiana – 1.0%** |
|  City of Valparaiso IN <br>(Pratt Paper IN LLC)<br>Series 2024<br>4.50%, 01/01/2034<sup>(a)</sup> |  | 800 |  | 834593 |
|  City of Whiting IN <br>(BP PLC)<br>Series 2025<br>4.20%, 06/01/2044 |  | 1000 |  | 1082647 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Indiana Finance Authority<br> (Indiana University Health Obligated Group)<br>Series 2023-B<br>5.00%, 10/01/2062 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2265 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2384229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 10/01/2064 |  | 1000 |  | 1079115 |
|  Indiana Finance Authority<br> (Ohio Valley Electric)<br>Series 2020<br>3.00%, 11/01/2030 |  | 500 |  | 496280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>4.25%, 11/01/2030 |  | 2040 |  | 2130040 |
|  Indiana Finance Authority<br> (Parkview Health System Obligated Group)<br>Series 2024-B<br>3.279% (SOFR + 0.71%), 11/01/2046<sup>(b) (d)</sup> |  | 2000 |  | 2002809 |
|  Indianapolis Local Public Improvement Bond Bank <br>(Indianapolis Airport Authority)<br>Series 2023 5.00%,<br>01/01/2033 |  | 1000 |  | 1135647 |
|  |  |  |  | 11145360 |
|  **Kansas – 0.1%** | **Kansas – 0.1%** | **Kansas – 0.1%** | **Kansas – 0.1%** | **Kansas – 0.1%** |
|  Seward County Unified School District No. 480 Liberal <br>(Seward County Unified School District No. 480 Liberal)<br>Series 2017-B<br>5.00%, 09/01/2026 |  | 1500 |  | 1503052 |
|  **Kentucky – 0.5%** | **Kentucky – 0.5%** | **Kentucky – 0.5%** | **Kentucky – 0.5%** | **Kentucky – 0.5%** |
|  Kentucky Public Energy Authority <br>(BP PLC)<br>Series 2024-B<br>5.00%, 01/01/2055 |  | 1000 |  | 1090063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C<br>5.00%, 05/01/2036 |  | 1000 |  | 1099157 |
|  Kentucky Public Energy Authority <br>(Morgan Stanley)<br>Series 2023-A<br>5.25%, 04/01/2054 |  | 2000 |  | 2200097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.25%, 06/01/2055 |  | 1000 |  | 1080780 |
|  |  |  |  | 5470097 |
|  **Louisiana – 0.7%** | **Louisiana – 0.7%** | **Louisiana – 0.7%** | **Louisiana – 0.7%** | **Louisiana – 0.7%** |
|  City of New Orleans LA <br>(City of New Orleans LA)<br>Series 2024-A<br>5.00%, 12/01/2028 |  | 1000 |  | 1056400 |
|  City of Shreveport LA <br>(City of Shreveport LA)<br>BAM Series 2016<br>5.00%, 03/01/2027 |  | 1400 |  | 1415388 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Louisiana Local Government Environmental Facilities & Community Development Auth <br>(Louisiana Insurance Guaranty Association)<br>Series 2022<br>5.00%, 08/15/2029 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688192 |
|  New Orleans Aviation Board <br>(New Orleans Aviation Board)<br>Series 2024<br>5.00%, 01/01/2029 |  | 1000 |  | 1062600 |
|  Parish of St. James LA <br>(NuStar Logistics LP)<br>Series 2020<br>6.10%, 06/01/2038<sup>(a)</sup> |  | 1500 |  | 1671016 |
|  Parish of St. John the Baptist LA <br>(Marathon Oil Corp.)<br>Series 2024<br>3.30%, 06/01/2037 |  | 2000 |  | 2034725 |
|  |  |  |  | 7928321 |
|  **Maryland – 1.1%** | **Maryland – 1.1%** | **Maryland – 1.1%** | **Maryland – 1.1%** | **Maryland – 1.1%** |
|  County of Montgomery MD <br>(County of Montgomery MD)<br>Series 2017-B<br>5.00%, 06/01/2026 |  | 1520 |  | 1530806 |
|  County of Prince George's MD <br>(County of Prince George's MD)<br>Series 2018-A<br>5.00%, 07/15/2033 |  | 1500 |  | 1594076 |
|  Maryland Economic Development Corp. <br>(Purple Line Transit Partners)<br>Series 2022<br>5.00%, 11/12/2028 |  | 3000 |  | 3016789 |
|  Maryland Stadium Authority Sports Entertainment Facilities Revenue <br>(Maryland Stadium Authority Sports Entertainment Facilities Revenue State Lease)<br>Series 2025<br>5.00%, 06/15/2029 |  | 2000 |  | 2167651 |
|  State of Maryland <br>(State of Maryland)<br>Series 2025-B<br>5.00%, 08/01/2028 |  | 1500 |  | 1603281 |
|  State of Maryland Department of Transportation <br>(Baltimore/Washington Intl Thurgood Marshall Airport)<br>Series 2021<br>5.00%, 08/01/2030 |  | 1000 |  | 1096871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2033 |  | 1150 |  | 1273430 |
|  State of Maryland Department of Transportation <br>(Maryland Aviation Administration)<br>AG Series 2024<br>5.00%, 08/01/2027 |  | 950 |  | 982559 |
|  |  |  |  | 13265463 |
|  **Massachusetts – 1.8%** | **Massachusetts – 1.8%** | **Massachusetts – 1.8%** | **Massachusetts – 1.8%** | **Massachusetts – 1.8%** |
|  City of Quincy MA <br>(City of Quincy MA)<br>Series 2025<br>5.00%, 07/24/2026 |  | 8500 |  | 8587258 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Commonwealth of Massachusetts <br>(Commonwealth of Massachusetts)<br>Series 2016-B<br>5.00%, 07/01/2033 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1050 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059726 |
|  Massachusetts Development Finance Agency <br>(Beth Israel Lahey Health Obligated Group)<br>Series 2019<br>5.00%, 07/01/2031 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870 |  | 939808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 07/01/2034 |  | 1000 |  | 1157841 |
|  Massachusetts Development Finance Agency <br>(Care Communities Obligated Group)<br>Series 2025<br>5.50%, 07/15/2035<sup>(a)</sup> |  | 1000 |  | 1034118 |
|  Massachusetts Development Finance Agency <br>(GingerCare Living Obligated Group)<br>Series 2024<br>4.75%, 12/01/2029<sup>(a)</sup> |  | 1000 |  | 1000376 |
|  Massachusetts Development Finance Agency <br>(Tufts Medicine Obligated Group)<br>Series 2026<br>5.25%, 10/01/2035 |  | 1000 |  | 1136650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/2035 |  | 1000 |  | 1030840 |
|  Massachusetts Development Finance Agency <br>(UMass Memorial Health Care Obligated Group)<br>Series 2016<br>5.00%, 07/01/2030 |  | 1295 |  | 1304205 |
|  Massachusetts Port Authority <br>(Massachusetts Port Authority)<br>Series 2017-A<br>5.00%, 07/01/2027 |  | 1120 |  | 1156602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 07/01/2027 |  | 2255 |  | 2328694 |
|  |  |  |  | 20736118 |
|  **Michigan – 0.6%** | **Michigan – 0.6%** | **Michigan – 0.6%** | **Michigan – 0.6%** | **Michigan – 0.6%** |
|  City of Detroit MI <br>(City of Detroit MI)<br>Series 2018<br>5.00%, 04/01/2026 |  | 1000 |  | 1001653 |
|  Detroit Downtown Development Authority <br>(Detroit Downtown Development Authority Catalyst Development Area)<br>Series 2024<br>5.00%, 07/01/2048 |  | 1090 |  | 1137343 |
|  Great Lakes Water Authority Water Supply System Revenue <br>(Great Lakes Water Authority Water Supply System Revenue)<br>Series 2018-A<br>5.00%, 07/01/2028 |  | 1000 |  | 1063384 |
|  Michigan State Building Authority <br>(State of Michigan Lease)<br>Series 2016-I<br>5.00%, 10/15/2032 |  | 1765 |  | 1794045 |
|  Michigan State Hospital Finance Authority <br>(Prerefunded - Others)<br>Series 2019<br>5.00%, 11/01/2026 |  | 2000 |  | 2036321 |
|  |  |  |  | 7032746 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Minnesota – 0.7%** | **Minnesota – 0.7%** | **Minnesota – 0.7%** |
|  City of Shakopee MN Senior Housing Revenue <br>(Benedictine Living Community of Shakopee Obligated Group)<br>Series 2025<br>4.45%, 11/01/2035 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1330378 |
|  City of St. Cloud MN <br>(CentraCare Health System Obligated Group)<br>Series 2016-A<br>5.00%, 05/01/2026 | 1225 | 1229940 |
|  State of Minnesota <br>(State of Minnesota)<br>Series 2024<br>5.00%, 08/01/2027 | 1500 | 1561870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 08/01/2026 | 1665 | 1685077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 08/01/2026 | 1200 | 1214470 |
|  University of Minnesota <br>(University of Minnesota)<br>Series 2017-A<br>5.00%, 09/01/2032 | 1020 | 1058265 |
|  |  | 8080000 |
|  **Mississippi – 0.2%** | **Mississippi – 0.2%** | **Mississippi – 0.2%** |
|  City of Gulfport MS <br>(Memorial Hospital at Gulfport Obligated Group)<br>Series 2016<br>5.00%, 07/01/2030 | 2450 | 2458483 |
|  **Missouri – 0.5%** | **Missouri – 0.5%** | **Missouri – 0.5%** |
|  County of St. Louis MO <br>(County of St. Louis MO Lease)<br>Series 2020-A<br>4.00%, 12/01/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785645 |
|  Health & Educational Facilities Authority of the State of Missouri <br>(SSM Health Care Obligated Group)<br>Series 2022-A<br>5.00%, 06/01/2027 | 1015 | 1044455 |
|  Missouri Highway & Transportation Commission <br>(Missouri Highway & Transportation Commission)<br>Series 2025<br>5.00%, 05/01/2027 | 2500 | 2585324 |
|  Missouri Joint Municipal Electric Utility Commission <br>(Missouri Joint Municipal Electric Utility Commission Plum Point Project Revenue)<br>Series 2024<br>5.00%, 01/01/2031 | 1000 | 1115809 |
|  |  | 5531233 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Nebraska – 0.2%** | **Nebraska – 0.2%** | **Nebraska – 0.2%** |
|  Central Plains Energy Project <br>(Bank of Montreal)<br>Series 2023-A<br>5.00%, 05/01/2054 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1069747 |
|  Central Plains Energy Project <br>(Royal Bank of Canada)<br>Series 2025-A<br>5.00%, 08/01/2055 | 1000 | 1089749 |
|  |  | 2159496 |
|  **Nevada – 0.2%** | **Nevada – 0.2%** | **Nevada – 0.2%** |
|  Clark County School District <br>(Clark County School District)<br>Series 2025-B<br>5.00%, 06/15/2028 | 1000 | 1062682 |
|  State of Nevada Department of Business & Industry <br>(Desertxpress Enterprises)<br>Series 2025<br>12.00%, 01/01/2065<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229500 |
|  Tahoe-Douglas Visitors Authority <br>(Tahoe-Douglas Visitors Authority)<br>Series 2020<br>5.00%, 07/01/2033 | 1000 | 1076996 |
|  |  | 2369178 |
|  **New Hampshire – 1.0%** | **New Hampshire – 1.0%** | **New Hampshire – 1.0%** |
|  New Hampshire Business Finance Authority <br>(Brazoria-Fort Bend County Municipal Utility District No. 3)<br>Series 2024<br>4.875%, 12/01/2033<sup>(a)</sup> | 400 | 400016 |
|  New Hampshire Business Finance Authority <br>(Bridgeland Water & Utility Districts 490, 491 & 158)<br>Series 2024<br>5.375%, 12/15/2035<sup>(a)</sup> | 1453 | 1453315 |
|  New Hampshire Business Finance Authority <br>(Collin County Municipal Utility District No. 4)<br>Series 2025<br>5.50%, 12/01/2030<sup>(a)</sup> | 800 | 801358 |
|  New Hampshire Business Finance Authority <br>(Emberly & Canterra Creek Projects)<br>Series 2024<br>5.375%, 12/01/2031<sup>(a)</sup> | 950 | 951670 |
|  New Hampshire Business Finance Authority <br>(Lakes Fresh Water Supply District of Denton County)<br>Series 2024<br>5.00%, 12/01/2028<sup>(a)</sup> | 720 | 720309 |
|  New Hampshire Business Finance Authority <br>(NFA 2025-1)<br>Series 2025<br>5.875%, 12/15/2033<sup>(a)</sup> | 2484 | 2487361 |
|  New Hampshire Business Finance Authority <br>(Novant Health Obligated Group)<br>Series 2025<br>5.00%, 06/01/2032 | 1500 | 1677961 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  New Hampshire Business Finance Authority<br> (Tamarron Project)<br>Series 2024<br>5.25%, 12/01/2035<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1377 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1377024 |
|  New Hampshire Business Finance Authority<br> (The Highlands Project)<br>Series 2024<br>5.125%, 12/15/2030 |  | 1153 |  | 1155689 |
|  New Hampshire Business Finance Authority<br> (Valencia Project)<br>Series 2024<br>5.30%, 12/01/2032<sup>(a)</sup> |  | 1080 |  | 1082538 |
|  |  |  |  | 12107241 |
|  **New Jersey – 5.6%** | **New Jersey – 5.6%** | **New Jersey – 5.6%** | **New Jersey – 5.6%** | **New Jersey – 5.6%** |
|  Atlantic County Improvement Authority (The)<br> (Island Campus Redevelopment Urban Renewal Associates)<br>AG Series 2016<br>5.00%, 09/01/2028 |  | 2400 |  | 2431948 |
|  City of Jersey City NJ<br> (City of Jersey City NJ)<br>Series 2025<br>4.00%, 10/01/2035 |  | 3915 |  | 4166629 |
|  City of Newark NJ<br> (City of Newark NJ)<br>AG Series 2020-A<br>5.00%, 10/01/2027 |  | 1290 |  | 1343631 |
|  Garden State Preservation Trust<br> (Garden State Preservation Trust)<br>AG Series 2005-A<br>5.75%, 11/01/2028 |  | 1950 |  | 2064977 |
|  New Brunswick Parking Authority<br> (New Brunswick Parking Authority)<br>BAM Series 2016-A<br>5.00%, 09/01/2030 |  | 2000 |  | 2028131 |
|  New Jersey Economic Development Authority<br> (DRP Urban Renewal 4 LLC)<br>Series 2025<br>6.375%, 01/01/2035<sup>(a)</sup> |  | 1500 |  | 1580883 |
|  New Jersey Economic Development Authority<br> (New Jersey-American Water)<br>Series 2023<br>3.75%, 11/01/2034 |  | 3500 |  | 3558743 |
|  New Jersey Economic Development Authority<br> (Port Newark Container Terminal)<br>Series 2017<br>5.00%, 10/01/2037 |  | 1500 |  | 1529580 |
|  New Jersey Economic Development Authority<br> (State of New Jersey Lease)<br>Series 2015-X<br>5.25%, 06/15/2027 |  | 1395 |  | 1396764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A<br>5.50%, 06/15/2028 |  | 1500 |  | 1537372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 03/01/2026 |  | 1180 |  | 1180000 |
| &nbsp;&nbsp;&nbsp;&nbsp; NATL Series 2005-N<br>5.50%, 09/01/2027 |  | 2000 |  | 2097457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/2029 |  | 5910 |  | 6580062 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  New Jersey Economic Development Authority<br> (State of New Jersey Motor Vehicle Surcharge Revenue Lease)<br>Series 2017-A<br>5.00%, 07/01/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1280 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1308102 |
|  New Jersey Economic Development Authority<br> (United Airlines, Inc.)<br>Series 2012<br>5.75%, 09/15/2027 | 1625 | 1628777 |
|  New Jersey Health Care Facilities Financing Authority<br> (RWJ Barnabas Health Obligated Group)<br>Series 2016<br>5.00%, 07/01/2043 | 2405 | 2419169 |
|  New Jersey Transportation Trust Fund Authority<br> (New Jersey Transportation Fed Hwy Grant)<br>Series 2016<br>5.00%, 06/15/2027 | 3655 | 3681892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2028 | 2115 | 2131211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 06/15/2028 | 1050 | 1058048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2029 | 1000 | 1007478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2030 | 5370 | 5408856 |
|  New Jersey Transportation Trust Fund Authority<br> (New Jersey Transportation Trust Fund Authority State Lease) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMBAC Series 2006-C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/15/2026 | 1275 | 1251793 |
|  New Jersey Transportation Trust Fund Authority<br> (Prerefunded - US Treasuries)<br>Series 2019<br>5.00%, 06/15/2030 | 255 | 275462 |
|  New Jersey Transportation Trust Fund Authority<br> (State of New Jersey Lease)<br>Series 2010-A<br>Zero Coupon, 12/15/2027 | 1500 | 1436712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019<br>5.00%, 12/15/2027 | 1040 | 1091198 |
|  New Jersey Turnpike Authority<br> (New Jersey Turnpike Authority)<br>Series 2025-B<br>5.00%, 01/01/2031 | 5015 | 5654535 |
|  Newark Board of Education<br> (Newark Board of Education)<br>BAM Series 2021<br>5.00%, 07/15/2029 | 1210 | 1313012 |
|  South Jersey Transportation Authority<br> (South Jersey Transportation Authority)<br>AG Series 2019-A<br>5.00%, 11/01/2030 | 1675 | 1844367 |
|  Tobacco Settlement Financing Corp./NJ<br> (Tobacco Settlement Financing Corp/NJ)<br>Series 2018-A<br>5.00%, 06/01/2029 | 2645 | 2784925 |
|  |  | 65791714 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **New York – 7.0%** | **New York – 7.0%** | **New York – 7.0%** |
|  Build NYC Resource Corp.<br> (Zeta Charter Schools Obligated Group)<br>Series 2026<br>5.00%, 06/01/2036<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1063835 |
|  City of New York NY<br> (City of New York NY)<br>Series 2024-C<br>5.00%, 03/01/2026 | 3000 | 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-D<br>5.00%, 04/01/2033 | 1660 | 1931156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.00%, 08/01/2028 | 2000 | 2136438 |
|  Metropolitan Transportation Authority<br> (Metropolitan Transportation Authority) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-D<br>5.00%, 11/15/2031 | 1510 | 1534489 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>5.00%, 11/15/2028 | 2010 | 2160311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C<br>5.00%, 11/15/2029 | 1880 | 1983620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 11/15/2031 | 4535 | 5180604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2032 | 1505 | 1745666 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue<br> (New York City Transitional Finance Authority Future Tax Secured Revenue) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 11/01/2026 | 1000 | 1019450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-H<br>5.00%, 11/01/2027 | 1000 | 1048598 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026<br>5.00%, 02/01/2028 | 1000 | 1055797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2034 | 2500 | 2940238 |
|  New York State Dormitory Authority<br> (Montefiore Obligated Group)<br>Series 2018<br>5.00%, 08/01/2028 | 1000 | 1046458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2033 | 1500 | 1556281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 09/01/2027 | 1400 | 1437248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2029 | 1750 | 1865170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2030 | 1000 | 1073486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 11/01/2026 | 900 | 912760 |
|  New York State Dormitory Authority<br> (New York State Dormitory Authority Lease)<br>Series 2018<br>5.00%, 10/01/2031 | 1775 | 1803816 |
|  New York State Dormitory Authority<br> (Northwell Health Obligated Group)<br>Series 2019<br>5.00%, 05/01/2048 | 1000 | 1001823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 05/01/2030 | 1070 | 1185500 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  New York State Dormitory Authority<br> (Wagner College)<br>Series 2022<br>5.00%, 07/01/2033 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989373 |
|  New York State Dormitory Authority<br> (White Plains Hospital Obligated Group)<br>Series 2024<br>5.00%, 10/01/2029 |  | 750 |  | 802271 |
|  New York Transportation Development Corp.<br> (Delta Air Lines, Inc.)<br>Series 2018<br>5.00%, 01/01/2027 |  | 2630 |  | 2675031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2030 |  | 5750 |  | 5959367 |
|  New York Transportation Development Corp.<br> (JFK Intl Air Terminal)<br>Series 2020<br>5.00%, 12/01/2026 |  | 1550 |  | 1577437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 |  | 1000 |  | 1095076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 12/01/2030 |  | 2065 |  | 2269793 |
|  Port Authority of New York & New Jersey<br> (Port Authority of New York & New Jersey)<br>Series 2018-2<br>5.00%, 09/15/2029 |  | 1530 |  | 1600316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/2030 |  | 2500 |  | 2614291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/2031 |  | 2575 |  | 2691784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2<br>3.00%, 10/01/2028 |  | 3950 |  | 3983623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/2027 |  | 2480 |  | 2555934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2<br>5.00%, 09/01/2032 |  | 1235 |  | 1406066 |
|  Suffolk Regional Off-Track Betting Corp.<br> (Suffolk Regional Off-Track Betting)<br>Series 2024<br>5.00%, 12/01/2034 |  | 1500 |  | 1562100 |
|  Triborough Bridge & Tunnel Authority<br> (Metropolitan Transportation Authority Payroll Mobility Tax Revenue)<br>Series 2026<br>5.00%, 02/01/2028 |  | 4000 |  | 4221639 |
|  Triborough Bridge & Tunnel Authority<br> (Triborough Bridge & Tunnel Authority)<br>Series 2017-B<br>5.00%, 11/15/2033 |  | 1205 |  | 1244829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 03/01/2028 |  | 3500 |  | 3700179 |
|  Troy Capital Resource Corp.<br> (Rensselaer Polytechnic Institute)<br>Series 2015<br>5.00%, 08/01/2028 |  | 1000 |  | 1001793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 09/01/2028 |  | 1270 |  | 1347658 |
|  |  |  |  | 81981304 |
|  **North Carolina – 1.2%** | **North Carolina – 1.2%** | **North Carolina – 1.2%** | **North Carolina – 1.2%** | **North Carolina – 1.2%** |
|  City of Charlotte NC Airport Revenue<br> (City of Charlotte NC Airport Revenue)<br>Series 2023<br>5.00%, 07/01/2036 |  | 1220 |  | 1370347 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  County of Guilford NC<br> (County of Guilford NC)<br>Series 2017-B<br>4.00%, 05/01/2033 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3052897 |
|  County of New Hanover NC<br> (County of New Hanover NC)<br>Series 2018<br>5.00%, 09/01/2026 |  | 1010 |  | 1024516 |
|  Cumberland County Industrial Facilities & Pollution Control Financing Authority<br> (American Titanium Metal)<br>Series 2025<br>3.125%, 12/01/2027 |  | 3500 |  | 3502661 |
|  North Carolina Department of Transportation<br> (I-77 Mobility Partners)<br>Series 2015<br>5.00%, 12/31/2037 |  | 1405 |  | 1406497 |
|  North Carolina Medical Care Commission<br> (Deerfield Episcopal Retirement Community Obligated Group)<br>Series 2026<br>3.20%, 11/01/2030 |  | 1000 |  | 1004928 |
|  North Carolina Medical Care Commission<br> (Pennybyrn at Maryfield)<br>Series 2025<br>5.00%, 10/01/2035 |  | 560 |  | 604393 |
|  North Carolina Medical Care Commission<br> (United Methodist Retirement Homes Obligated Group)<br>Series 2025<br>3.40%, 10/01/2029 |  | 2000 |  | 2016197 |
|  |  |  |  | 13982436 |
|  **North Dakota – 0.1%** | **North Dakota – 0.1%** | **North Dakota – 0.1%** | **North Dakota – 0.1%** | **North Dakota – 0.1%** |
|  County of Ward ND <br>(Trinity Health Obligated Group)<br>Series 2017-C<br>5.00%, 06/01/2029 |  | 1300 |  | 1320587 |
|  **Ohio – 3.1%** | **Ohio – 3.1%** | **Ohio – 3.1%** | **Ohio – 3.1%** | **Ohio – 3.1%** |
|  American Municipal Power, Inc.<br> (American Municipal Power Greenup Hydroelectric Revenue)<br>Series 2025<br>5.00%, 02/15/2035 |  | 1000 |  | 1182815 |
|  Buckeye Tobacco Settlement Financing Authority<br> (Buckeye Tobacco Settlement Financing Authority)<br>Series 2020-A<br>5.00%, 06/01/2028 |  | 1425 |  | 1501301 |
|  Columbus Regional Airport Authority<br> (Columbus Regional Airport Authority)<br>Series 2025<br>5.00%, 01/01/2034 |  | 3160 |  | 3613285 |
|  County of Allen OH Hospital Facilities Revenue<br> (Bon Secours Mercy Health)<br>Series 2025<br>5.00%, 11/01/2033 |  | 2000 |  | 2330783 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  County of Cuyahoga OH<br> (MetroHealth System/The)<br>Series 2017<br>5.00%, 02/15/2028 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1115 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1132991 |
|  Jefferson County Port Authority/OH<br> (JSW Steel USA Ohio, Inc.)<br>Series 2023<br>5.00%, 12/01/2053<sup>(a)</sup> |  | 4000 |  | 4102592 |
|  Lancaster Port Authority <br>(Royal Bank of Canada)<br>Series 2024-A<br>5.00%, 02/01/2055 |  | 1000 |  | 1080366 |
|  Ohio Air Quality Development Authority <br>(American Electric Power)<br>Series 2019<br>2.40%, 12/01/2038 |  | 500 |  | 482574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>3.70%, 07/01/2028 |  | 4000 |  | 4044698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/01/2028 |  | 1500 |  | 1518454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/01/2029 |  | 1500 |  | 1523316 |
|  Ohio Air Quality Development Authority<br> (Duke Energy Corp.)<br>Series 2022<br>4.00%, 09/01/2030 |  | 4175 |  | 4243433 |
|  Ohio Air Quality Development Authority<br> (Ohio Valley Electric)<br>Series 2026<br>3.875%, 01/01/2036 |  | 2400 |  | 2463717 |
|  Ohio Higher Educational Facility Commission<br> (John Carroll University)<br>Series 2025<br>5.00%, 10/01/2033 |  | 1085 |  | 1182705 |
|  Ohio Higher Educational Facility Commission<br> (Xavier University)<br>Series 2020<br>5.00%, 05/01/2027 |  | 1000 |  | 1023166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 05/01/2033 |  | 650 |  | 717747 |
|  Reynoldsburg City School District<br> (Reynoldsburg City School District)<br>Series 2013<br>4.919%, 09/01/2030 |  | 700 |  | 742655 |
|  State of Ohio<br> (State of Ohio Fed Hwy Grant)<br>Series 2016-2<br>5.00%, 12/15/2028 |  | 1015 |  | 1023252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1<br>5.00%, 12/15/2028 |  | 1000 |  | 1008130 |
|  State of Ohio<br> (University Hospitals Health System Obligated Group)<br>Series 2025<br>5.00%, 01/15/2030 |  | 1000 |  | 1088625 |
|  |  |  |  | 36006605 |
|  **Oklahoma – 0.3%** | **Oklahoma – 0.3%** | **Oklahoma – 0.3%** | **Oklahoma – 0.3%** | **Oklahoma – 0.3%** |
|  Oklahoma Development Finance Authority<br> (OU Medicine Obligated Group)<br>Series 2018-B<br>5.00%, 08/15/2029 |  | 1000 |  | 1039172 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Oklahoma Municipal Power Authority<br> (Oklahoma Municipal Power Authority)<br>AG Series 2025-A<br>5.00%, 01/01/2033 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tulsa Municipal Airport Trust Trustees/OK <br>(American Airlines, Inc.)<br>Series 2025<br>6.25%, 12/01/2035 |  | 1000 |  | 1175649 |
|  |  |  |  | 3064917 |
|  **Oregon – 0.4%** | **Oregon – 0.4%** | **Oregon – 0.4%** | **Oregon – 0.4%** | **Oregon – 0.4%** |
|  Medford Hospital Facilities Authority<br> (Asante Health System Obligated Group)<br>Series 2020-A<br>5.00%, 08/15/2027 |  | 1000 |  | 1037683 |
|  Port of Portland OR Airport Revenue<br> (Port of Portland OR Airport Revenue)<br>Series 2022-2<br>5.00%, 07/01/2030 |  | 1015 |  | 1119604 |
|  Port of Portland OR Airport Revenue<br> (Portland Intl Airport)<br>Series 2017-2<br>5.00%, 07/01/2029 |  | 1000 |  | 1020052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2031 |  | 1100 |  | 1121395 |
|  |  |  |  | 4298734 |
|  **Pennsylvania – 2.3%** | **Pennsylvania – 2.3%** | **Pennsylvania – 2.3%** | **Pennsylvania – 2.3%** | **Pennsylvania – 2.3%** |
|  Allegheny County Hospital Development Authority<br> (UPMC Obligated Group)<br>Series 2022 2.58%<br>(MUNIPSA + 0.70%), 11/15/2047<sup>(b)</sup> |  | 1000 |  | 992136 |
|  City of Philadelphia PA Airport Revenue<br> (City of Philadelphia PA Airport Revenue)<br>Series 2020-C<br>5.00%, 07/01/2030 |  | 1220 |  | 1336270 |
|  Commonwealth of Pennsylvania<br> (Commonwealth of Pennsylvania)<br>Series 2023<br>5.00%, 09/01/2027 |  | 1500 |  | 1564817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 08/15/2027 |  | 2000 |  | 2083870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026<br>5.00%, 04/01/2027 |  | 5000 |  | 5156407 |
|  County of Allegheny PA <br>(County of Allegheny PA)<br>Series 2016-C<br>5.00%, 11/01/2029 |  | 2000 |  | 2033332 |
|  General Authority of Southcentral Pennsylvania<br> (UPMC Pinnacle Hanover)<br>Series 2015<br>5.00%, 12/01/2027 |  | 1275 |  | 1276182 |
|  Hospitals & Higher Education Facilities Authority of Philadelphia (The)<br> (Temple University Health System Obligated Group)<br>Series 2017<br>5.00%, 07/01/2032 |  | 1980 |  | 2015771 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Montgomery County Higher Education & Health Authority <br>(Thomas Jefferson University Obligated Group)<br>Series 2018<br>5.00%, 09/01/2030 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1057817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2031 |  | 1500 |  | 1584938 |
|  Pennsylvania Economic Development Financing Authority <br>(Commonwealth of Pennsylvania Dept. of Transportation)<br>Series 2022<br>5.00%, 12/31/2032 |  | 2000 |  | 2244505 |
|  Pennsylvania Economic Development Financing Authority <br>(PA Bridges Finco LP)<br>Series 2015<br>5.00%, 12/31/2027 |  | 4000 |  | 4024908 |
|  Scranton School District/PA <br>(Scranton School District/PA)<br>BAM Series 2017-E<br>5.00%, 12/01/2029 |  | 1000 |  | 1045804 |
|  |  |  |  | 26416757 |
|  **Puerto Rico – 0.7%** | **Puerto Rico – 0.7%** | **Puerto Rico – 0.7%** | **Puerto Rico – 0.7%** | **Puerto Rico – 0.7%** |
|  Commonwealth of Puerto Rico <br>(Commonwealth of Puerto Rico)<br>Series 2021-A<br>5.625%, 07/01/2027 |  | 1108 |  | 1133794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2029 |  | 675 |  | 720999 |
|  Puerto Rico Commonwealth Aqueduct & Sewer Authority <br>(Puerto Rico Commonwealth Aqueduct & Sewer Authority)<br>Series 2020-A<br>5.00%, 07/01/2030<sup>(a)</sup> |  | 1000 |  | 1066153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C<br>3.50%, 07/01/2026<sup>(a)</sup> |  | 2000 |  | 1998840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/2027<sup>(a)</sup> |  | 2000 |  | 2003521 |
|  Puerto Rico Electric Power Authority <br>(Puerto Rico Electric Power Authority)<br>Series 2010-A<br>5.25%, 07/01/2027<sup>(e) (f)</sup> |  | 1565 |  | 1042681 |
|  |  |  |  | 7965988 |
|  **South Carolina – 1.0%** | **South Carolina – 1.0%** | **South Carolina – 1.0%** | **South Carolina – 1.0%** | **South Carolina – 1.0%** |
|  Patriots Energy Group Financing Agency <br>(Royal Bank of Canada)<br>Series 2023<br>5.25%, 02/01/2054 |  | 2130 |  | 2331562 |
|  South Carolina Jobs-Economic Development Authority <br>(Novant Health Obligated Group)<br>Series 2024<br>5.00%, 11/01/2031 |  | 3185 |  | 3592242 |
|  South Carolina Jobs-Economic Development Authority <br>(Rolling Green Village)<br>Series 2025<br>4.00%, 12/01/2030 |  | 1000 |  | 1010632 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  South Carolina Public Service Authority <br>(South Carolina Public Service Authority)<br>Series 2016-A<br>5.00%, 12/01/2034 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2036 |  | 1500 |  | 1507595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.00%, 12/01/2031 |  | 1775 |  | 2023890 |
|  |  |  |  | 11974465 |
|  **Tennessee – 1.5%** | **Tennessee – 1.5%** | **Tennessee – 1.5%** | **Tennessee – 1.5%** | **Tennessee – 1.5%** |
|  Memphis-Shelby County Airport Authority <br>(Memphis-Shelby County Airport Authority)<br>Series 2021-A<br>5.00%, 07/01/2034 |  | 1355 |  | 1481403 |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board <br>(EC Burning Tree LLC)<br>Series 2025<br>5.00%, 10/01/2028 |  | 2000 |  | 2069593 |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board <br>(Vanderbilt University Medical Center Obligated Group)<br>Series 2023<br>5.00%, 07/01/2028 |  | 1000 |  | 1062070 |
|  Metropolitan Nashville Airport Authority (The) <br>(Metropolitan Nashville Airport Authority/The)<br>Series 2019-B<br>5.00%, 07/01/2030 |  | 1005 |  | 1095620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>5.00%, 07/01/2031 |  | 1625 |  | 1809091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-B<br>5.00%, 07/01/2029 |  | 1575 |  | 1705247 |
|  Tennergy Corp./TN <br>(Nomura Holdings, Inc.)<br>Series 2022-A<br>5.50%, 10/01/2053 |  | 1500 |  | 1634276 |
|  Tennessee Energy Acquisition Corp. <br>(Goldman Sachs Group)<br>Series 2023-A<br>5.00%, 05/01/2053 |  | 2000 |  | 2088953 |
|  Tennessee Energy Acquisition Corp. <br>(Massachusetts Mutual Life Insurance)<br>Series 2026-A<br>5.00%, 11/01/2034 |  | 2500 |  | 2769106 |
|  Tennessee Energy Acquisition Corp. <br>(Pacific Life Insurance)<br>Series 2025-A<br>5.00%, 12/01/2035 |  | 2000 |  | 2197744 |
|  |  |  |  | 17913103 |
|  **Texas – 7.2%** | **Texas – 7.2%** | **Texas – 7.2%** | **Texas – 7.2%** | **Texas – 7.2%** |
|  Central Texas Regional Mobility Authority <br>(Central Texas Regional Mobility Authority)<br>Series 2020-E<br>5.00%, 01/01/2031 |  | 1420 |  | 1553268 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Houston TX Airport System Revenue <br>(City of Houston TX Airport System Revenue)<br>Series 2018-C<br>5.00%, 07/01/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2106376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 07/01/2028 | 1600 | 1684418 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2023<br>5.00%, 07/01/2031 | 1420 | 1577886 |
|  City of Houston TX Airport System Revenue <br>(United Airlines, Inc.)<br>Series 2018<br>5.00%, 07/15/2028 | 1000 | 1037346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 07/15/2027 | 1500 | 1532424 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.25%, 07/15/2034 | 1500 | 1661675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.25%, 07/15/2030 | 1410 | 1515152 |
|  City of San Antonio TX Airport System <br>(City of San Antonio TX Airport System)<br>Series 2019-A<br>5.00%, 07/01/2029 | 550 | 590186 |
|  County of Harris TX <br>(County of Harris TX)<br>Series 2025-A<br>5.00%, 09/15/2027 | 1175 | 1226793 |
|  Dallas Fort Worth International Airport <br>(Dallas Fort Worth Intl Airport)<br>Series 2025-A<br>5.00%, 11/01/2031 | 5000 | 5639594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2033 | 2000 | 2303922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2050 | 2000 | 2145665 |
|  Dallas Independent School District <br>(Dallas Independent School District)<br>Series 2026-B<br>5.00%, 02/15/2056 | 1000 | 1091934 |
|  Edinburg Consolidated Independent School District/TX <br>(Prerefunded - US Treasuries)<br>Series 2016<br>5.00%, 02/15/2028 | 1075 | 1077386 |
|  Frisco Independent School District<br> (Frisco Independent School District)<br>Series 2025-B<br>5.00%, 02/15/2033 | 4000 | 4657591 |
|  Harris County Cultural Education Facilities Finance Corp. <br>(Houston Methodist Hospital Obligated Group)<br>Series 2026-A<br>5.00%, 12/01/2029 | 1525 | 1672747 |
|  Harris County Cultural Education Facilities Finance Corp. <br>(Memorial Hermann Health System Obligated Group)<br>Series 2022 2.73%<br>(MUNIPSA + 0.85%), 07/01/2049<sup>(b)</sup> | 2000 | 2000118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 07/01/2054 | 3600 | 3850262 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Harris County Housing Finance Corp. <br>(Kobayashi Baypointe Apartments)<br>Series 2025<br>2.95%, 09/01/2043 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2514976 |
|  Harris County Industrial Development Corp. <br>(Energy Transfer LP)<br>Series 2023<br>4.05%, 11/01/2050 | 2000 | 2080360 |
|  Irving Hospital Authority <br>(Baylor Medical Center at Irving)<br>Series 2017-A<br>5.00%, 10/15/2033 | 1000 | 1005196 |
|  Legacy Denton Public Facility Corp. <br>(2100 Spencer Road TX Owner)<br>Series 2025<br>2.70%, 10/01/2043 | 4000 | 4000756 |
|  Mission Economic Development Corp. <br>(Natgasoline LLC)<br>Series 2018<br>4.625%, 10/01/2031<sup>(a)</sup> | 2000 | 2008107 |
|  New Hope Cultural Education Facilities Finance Corp. <br>(Children's Health System of Texas Obligated Group)<br>Series 2017-A<br>5.00%, 08/15/2027 | 3545 | 3686346 |
|  North Texas Tollway Authority <br>(North Texas Tollway System)<br>Series 2025-A<br>5.00%, 01/01/2033 | 600 | 697495 |
|  Northwest Independent School District <br>(Northwest Independent School District)<br>Series 2021<br>5.00%, 02/15/2029 | 2000 | 2159250 |
|  Port Freeport TX <br>(Port Freeport TX)<br>Series 2019-A<br>5.00%, 06/01/2031 | 1085 | 1157212 |
|  Port of Beaumont Industrial Development Authority <br>(Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2021<br>4.10%, 01/01/2028<sup>(a)</sup> | 1800 | 1642649 |
|  Port of Beaumont Navigation District <br>(Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2024<br>10.00%, 07/01/2026<sup>(a)</sup> | 1000 | 1002174 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Ascension Health Credit Group)<br>Series 2025<br>5.00%, 11/15/2051 | 1000 | 1159013 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Baylor Scott & White Health Obligated Group)<br>Series 2026<br>5.00%, 11/15/2028 | 2500 | 2682043 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Texas Health Resources Obligated Group) Series 2025<br>5.00%, 11/15/2064 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2163717 |
|  Texas A&M University<br> (Texas A&M University)<br>Series 2017-E<br>5.00%, 05/15/2026 |  | 1650 |  | 1659574 |
|  Texas Municipal Gas Acquisition & Supply Corp. II<br> (JPMorgan Chase & Co.)<br>Series 2007<br>3.539% (CME Term SOFR 3 Month + 1.05%), 09/15/2027<sup>(b)</sup> |  | 1430 |  | 1434702 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012-C<br>3.319% (CME Term SOFR 3 Month + 0.86%), 09/15/2027<sup>(b)</sup> |  | 1730 |  | 1733416 |
|  Texas Municipal Gas Acquisition & Supply Corp. III<br> (Macquarie Group Ltd.)<br>Series 2021<br>5.00%, 12/15/2032 |  | 2000 |  | 2195177 |
|  Texas Municipal Gas Acquisition & Supply Corp. IV<br> (BP PLC)<br>Series 2023-A<br>5.50%, 01/01/2054 |  | 4000 |  | 4303310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B<br>5.50%, 01/01/2054 |  | 1500 |  | 1696009 |
|  Texas Municipal Gas Acquisition & Supply Corp. VI<br> (Bank of America Corp.)<br>Series 2025<br>5.00%, 01/01/2036 |  | 1000 |  | 1102287 |
|  Texas Private Activity Bond Surface Transportation Corp.<br> (NTE Mobility Partners LLC)<br>Series 2019<br>5.00%, 12/31/2030 |  | 1000 |  | 1083111 |
|  Texas Water Development Board<br> (State Water Implementation Revenue Fund for Texas)<br>Series 2023-A<br>5.00%, 10/15/2026 |  | 1000 |  | 1017901 |
|  University of Houston<br> (University of Houston)<br>Series 2020-A<br>5.00%, 02/15/2027 |  | 1000 |  | 1026637 |
|  |  |  |  | 84136161 |
|  **Utah – 0.9%** | **Utah – 0.9%** | **Utah – 0.9%** | **Utah – 0.9%** | **Utah – 0.9%** |
|  Grapevine Wash Local District<br> (Grapevine Wash Local District Assessment Area No. 1)<br>Series 2024-A<br>5.25%, 12/01/2044<sup>(a)</sup> |  | 1000 |  | 1001377 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Intermountain Power Agency<br> (Intermountain Power Agency)<br>Series 2022-A<br>5.00%, 07/01/2027 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1136712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2028 |  | 1680 |  | 1787355 |
|  Utah Board of Higher Education<br> (University of Utah/The)<br>NATL Series 1998<br>5.50%, 04/01/2029 |  | 1440 |  | 1511398 |
|  Utah Infrastructure Agency<br> (Utah Infrastructure Agency)<br>Series 2017-A<br>5.00%, 10/15/2029 |  | 1000 |  | 1028103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 10/15/2032 |  | 1135 |  | 1239055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 10/15/2026 |  | 440 |  | 445368 |
|  Utah Transit Authority<br> (Utah Transit Authority Sales Tax)<br>NATL Series 2007-A<br>5.00%, 06/15/2031 |  | 1000 |  | 1118074 |
|  Wolf Creek Infrastructure Financing District No. 1<br> (Wolf Creek Infrastructure Financing District No. 1<br> Wolf Creek Assessment Area 1)<br>Series 2025<br>5.75%, 12/01/2044 |  | 1000 |  | 1039358 |
|  |  |  |  | 10306800 |
|  **Virginia – 0.8%** | **Virginia – 0.8%** | **Virginia – 0.8%** | **Virginia – 0.8%** | **Virginia – 0.8%** |
|  Fairfax County Industrial Development Authority<br> (Inova Health System Obligated Group)<br>Series 2024<br>5.00%, 05/15/2032 |  | 1000 |  | 1147545 |
|  Hampton Roads Transportation Accountability Commission<br> (Prerefunded - US Govt Agencies)<br>Series 2021-A<br>5.00%, 07/01/2026 |  | 2450 |  | 2473010 |
|  Louisa Industrial Development Authority <br>(Virginia Electric & Power)<br>Series 2023<br>3.65%, 11/01/2035 |  | 2000 |  | 2038798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>3.125%, 11/01/2035 |  | 2000 |  | 2037582 |
|  Virginia College Building Authority<br> (Marymount University)<br>Series 2015<br>5.25%, 07/01/2030<sup>(a)</sup> |  | 1000 |  | 935837 |
|  Virginia Small Business Financing Authority<br> (95 Express Lanes LLC)<br>Series 2022<br>5.00%, 07/01/2032 |  | 1170 |  | 1291473 |
|  |  |  |  | 9924245 |
|  **Washington – 1.9%** | **Washington – 1.9%** | **Washington – 1.9%** | **Washington – 1.9%** | **Washington – 1.9%** |
|  FYI Properties<br> (State of Washington Consolidated Technology<br> Services Lease)<br>Series 2019<br>5.00%, 06/01/2026 |  | 1965 |  | 1977965 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  King County School District No. 414 Lake Washington<br> (King County School District No. 414 Lake Washington)<br>Series 2017<br>5.00%, 12/01/2026 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1060 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1082699 |
|  Port of Seattle WA<br> (Port of Seattle WA)<br>Series 2017-C<br>5.00%, 05/01/2028 |  | 1260 |  | 1295519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 05/01/2030 |  | 2185 |  | 2245324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2036 |  | 1035 |  | 1057459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B<br>5.00%, 05/01/2027 |  | 1000 |  | 1027922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 08/01/2033 |  | 1000 |  | 1129894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.00%, 10/01/2028 |  | 2000 |  | 2129431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2031 |  | 1000 |  | 1127510 |
|  State of Washington (State of Washington)<br>Series 2017<br>5.00%, 08/01/2030 |  | 1000 |  | 1041089 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R<br>5.00%, 07/01/2028 |  | 4500 |  | 4797090 |
|  University of Washington<br> (University of Washington)<br>Series 2025-A<br>5.00%, 04/01/2033 |  | 1000 |  | 1171565 |
|  Washington State Housing Finance Commission<br> (Josephine Caring Community Obligated Group)<br>Series 2025<br>4.20%, 07/01/2030<sup>(a)</sup> |  | 1000 |  | 1002649 |
|  Washington State Housing Finance Commission<br> (Presbyterian Retirement Communities Northwest Obligated Group)<br>Series 2019-A<br>5.00%, 01/01/2034<sup>(a)</sup> |  | 1225 |  | 1266106 |
|  |  |  |  | 22352222 |
|  **West Virginia – 0.5%** | **West Virginia – 0.5%** | **West Virginia – 0.5%** | **West Virginia – 0.5%** | **West Virginia – 0.5%** |
|  Tobacco Settlement Finance Authority/WV<br> (Tobacco Settlement Finance Authority/WV)<br>Series 2020<br>4.875%, 06/01/2049 |  | 230 |  | 223190 |
|  West Virginia Economic Development Authority<br> (Appalachian Power Co.)<br>Series 2024<br>3.375%, 03/01/2040 |  | 3000 |  | 3050911 |
|  West Virginia Economic Development Authority<br> (Provident Group - Marshall Properties)<br>AG Series 2023<br>5.00%, 07/01/2030 |  | 2665 |  | 2927917 |
|  |  |  |  | 6202018 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Wisconsin – 2.0%** | **Wisconsin – 2.0%** | **Wisconsin – 2.0%** |
|  Central Brown County Water Authority<br> (Central Brown County Water Authority)<br>Series 2024<br>5.00%, 11/01/2027 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1135 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1184983 |
|  City of Milwaukee WI<br> (City of Milwaukee WI)<br>Series 2020-N<br>5.00%, 04/01/2027 | 1000 | 1028652 |
|  AG Series 2023<br>5.00%, 04/01/2031 | 1025 | 1143625 |
|  AG Series 2023-N<br>5.00%, 04/01/2028 | 1690 | 1776691 |
|  City of Milwaukee WI Sewerage System Revenue<br> (City of Milwaukee WI Sewerage System Revenue)<br>Series 2016-S<br>4.00%, 06/01/2028 | 350 | 351268 |
|  Wisconsin Health & Educational Facilities Authority<br> (Forensic Science & Protective Medicine Collaboration)<br>Series 2024<br>5.00%, 08/01/2027<sup>(a)</sup> | 2500 | 2516766 |
|  Wisconsin Health & Educational Facilities Authority<br> (Froedtert ThedaCare Health Obligated Group)<br>Series 2025<br>5.00%, 10/01/2032 | 1640 | 1879403 |
|  Wisconsin Health & Educational Facilities Authority<br> (Hospital Sisters Services Obligated Group)<br>Series 2025<br>5.00%, 08/15/2028 | 1000 | 1060101 |
|  Wisconsin Public Finance Authority<br> (Alpha Ranch Water Control & Improvement District of Denton & Wise Counties)<br>Series 2024<br>Zero Coupon, 12/15/2038<sup>(a)</sup> | 2000 | 936361 |
|  Wisconsin Public Finance Authority<br> (Inperium Obligated Group)<br>Series 2024<br>5.00%, 12/01/2034<sup>(a)</sup> | 1540 | 1641827 |
|  Wisconsin Public Finance Authority<br> (Kaiser Obligated Group)<br>Series 2023-A<br>5.00%, 10/01/2027 | 1305 | 1355740 |
|  Wisconsin Public Finance Authority<br> (North San Gabriel Municipal Utility District No. 1)<br>Series 2023<br>Zero Coupon, 09/01/2029<sup>(a)</sup> | 700 | 541947 |
|  Wisconsin Public Finance Authority<br> (Renown Regional Medical Center Obligated Group)<br>Series 2020<br>5.00%, 06/01/2029 | 975 | 1050832 |
|  Wisconsin Public Finance Authority<br> (Signorelli Projects)<br>Series 2024<br>5.375%, 12/15/2032<sup>(a)</sup> | 1599 | 1599043 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (Southeastern Regional Medical Center Obligated Group)<br>Series 2022<br>5.00%, 02/01/2030 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| 1021376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2033 |  | 1460 |  | 1486570 |
|  Wisconsin Public Finance Authority<br> (Wisconsin Public Finance Authority)<br>5.50%, 12/15/2038<sup>(a)</sup> |  | 924 |  | 927592 |
|  Wisconsin Public Finance Authority<br> (Wisconsin Public Finance Authority-Muni Certificates)<br>Series 2026<br>3.625%, 06/15/2063 |  | 1440 |  | 1442065 |
|  |  |  |  | 22944842 |
|  Total Long-Term Municipal Bonds<br>(cost $942,015,310) | Total Long-Term Municipal Bonds<br>(cost $942,015,310) | Total Long-Term Municipal Bonds<br>(cost $942,015,310) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958642265 |
|  **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** |
|  **Alabama – 0.1%** | **Alabama – 0.1%** | **Alabama – 0.1%** | **Alabama – 0.1%** | **Alabama – 0.1%** |
|  Alabama Highway Authority<br> (Alabama Highway Authority)<br>AG Series 2025<br>5.00%, 09/01/2026 |  | 1000 |  | 1014178 |
|  **Arizona – 0.5%** | **Arizona – 0.5%** | **Arizona – 0.5%** | **Arizona – 0.5%** | **Arizona – 0.5%** |
|  Arizona Health Facilities Authority<br> (Banner Health Obligated Group)<br>Series 2017-C<br>1.90%, 01/01/2046<sup>(g)</sup> |  | 5720 |  | 5720000 |
|  **California – 0.6%** | **California – 0.6%** | **California – 0.6%** | **California – 0.6%** | **California – 0.6%** |
|  City of Los Angeles CA<br> (City of Los Angeles CA)<br>Series 2025<br>5.00%, 06/25/2026 |  | 5000 |  | 5043444 |
|  County of Los Angeles CA<br> (County of Los Angeles CA)<br>Series 2025-A<br>5.00%, 06/30/2026 |  | 1500 |  | 1514312 |
|  Nuveen California AMT-Free Quality Municipal Income Fund<br> (Nuveen California AMT-Free Quality Municipal Income Fund)<br>Series 2017<br>2.33%, 10/01/2047<sup>(a) (g)</sup> |  | 1000 |  | 1000000 |
|  |  |  |  | 7557756 |
|  **Colorado – 2.6%** | **Colorado – 2.6%** | **Colorado – 2.6%** | **Colorado – 2.6%** | **Colorado – 2.6%** |
|  Colorado Educational & Cultural Facilities Authority<br> (Jewish Federation of South Palm Beach County)<br>Series 2008<br>1.90%, 02/01/2038<sup>(g)</sup> |  | 350 |  | 350000 |
|  Colorado Educational & Cultural Facilities Authority<br> (Miami Beach Jewish Community Center)<br>Series 2022<br>1.90%, 07/01/2041<sup>(g)</sup> |  | 1400 |  | 1400000 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Colorado Educational & Cultural Facilities Authority <br>(Michael Ann Russell Jewish Community Center)<br>Series 2012<br>1.90%, 01/01/2039<sup>(g)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775000 |
|  Colorado Health Facilities Authority <br>(Children's Hospital Colorado Obligated Group)<br>Series 2020<br>1.90%, 12/01/2052<sup>(g)</sup> |  | 1345 |  | 1345000 |
|  Colorado State Education Loan Program <br>(Colorado State Education Loan Program)<br>Series 2025<br>5.00%, 06/30/2026 |  | 6650 |  | 6708324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026<br>5.00%, 06/30/2026 |  | 19200 |  | 19373869 |
|  |  |  |  | 29952193 |
|  **Connecticut – 0.2%** | **Connecticut – 0.2%** | **Connecticut – 0.2%** | **Connecticut – 0.2%** | **Connecticut – 0.2%** |
|  City of Danbury CT <br>(City of Danbury CT)<br>Series 2026<br>4.00%, 02/22/2027 |  | 2500 |  | 2543451 |
|  **District of Columbia – 0.1%** | **District of Columbia – 0.1%** | **District of Columbia – 0.1%** | **District of Columbia – 0.1%** | **District of Columbia – 0.1%** |
|  District of Columbia <br>(MedStar Health Obligated Group)<br>Series 2017-A<br>1.90%, 08/15/2038<sup>(g)</sup> |  | 1210 |  | 1210000 |
|  **Florida – 0.4%** | **Florida – 0.4%** | **Florida – 0.4%** | **Florida – 0.4%** | **Florida – 0.4%** |
|  County of Miami-Dade FL Water & Sewer System Revenue <br>(County of Miami-Dade FL Water & Sewer System Revenue)<br>Series 2025-B<br>5.00%, 10/01/2026 |  | 1650 |  | 1677679 |
|  Hillsborough County Industrial Development Authority <br>(BayCare Obligated Group)<br>Series 2020<br>2.00%, 11/15/2042<sup>(g)</sup> |  | 1480 |  | 1480000 |
|  School District of Broward County/FL <br>(School District of Broward County/FL)<br>Series 2025<br>4.00%, 06/25/2026 |  | 1000 |  | 1005177 |
|  |  |  |  | 4162856 |
|  **Georgia – 0.3%** | **Georgia – 0.3%** | **Georgia – 0.3%** | **Georgia – 0.3%** | **Georgia – 0.3%** |
|  Cobb County School District <br>(Cobb County School District)<br>Series 2026<br>4.00%, 12/15/2026 |  | 3500 |  | 3548228 |
|  **Idaho – 0.1%** | **Idaho – 0.1%** | **Idaho – 0.1%** | **Idaho – 0.1%** | **Idaho – 0.1%** |
|  Idaho Health Facilities Authority <br>(St. Luke's Health System Obligated Group/ID)<br>Series 2018-C<br>1.95%, 03/01/2048<sup>(g)</sup> |  | 1675 |  | 1675000 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Illinois – 0.6%** | **Illinois – 0.6%** | **Illinois – 0.6%** |
|  Illinois Finance Authority <br>(OSF Healthcare System Obligated Group)<br>Series 2018<br>1.85%, 11/15/2037<sup>(g)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7080 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7080000 |
|  **Iowa – 0.1%** | **Iowa – 0.1%** | **Iowa – 0.1%** |
|  Iowa Finance Authority <br>(Iowa Health System Obligated Group)<br>Series 2018<br>1.85%, 02/15/2041<sup>(g)</sup> | 800 | 800000 |
|  **Massachusetts – 0.5%** | **Massachusetts – 0.5%** | **Massachusetts – 0.5%** |
|  City of Quincy MA <br>(City of Quincy MA)<br>Series 2025<br>5.00%, 09/29/2026 | 5705 | 5791195 |
|  **Michigan – 0.4%** | **Michigan – 0.4%** | **Michigan – 0.4%** |
|  Green Lake Township Economic Development Corp. <br>(Interlochen Center for the Arts)<br>Series 2023<br>1.90%, 06/01/2034<sup>(g)</sup> | 4700 | 4700000 |
|  **Missouri – 0.2%** | **Missouri – 0.2%** | **Missouri – 0.2%** |
|  Health & Educational Facilities Authority of the State of Missouri <br>(St. Louis University/US)<br>Series 2013-B<br>2.00%, 10/01/2035<sup>(g)</sup> | 2130 | 2130000 |
|  **New Jersey – 1.4%** | **New Jersey – 1.4%** | **New Jersey – 1.4%** |
|  City of Hoboken NJ <br>(City of Hoboken NJ)<br>Series 2025-A<br>4.00%, 03/10/2026 | 2220 | 2220821 |
|  City of Jersey City NJ <br>(City of Jersey City NJ)<br>Series 2025-C<br>4.00%, 10/20/2026 | 4073 | 4115440 |
|  County of Hudson NJ <br>(County of Hudson NJ)<br>Series 2026<br>4.00%, 02/24/2027 | 2500 | 2541763 |
|  Essex County Improvement Authority <br>(County of Essex NJ)<br>Series 2025<br>5.00%, 03/17/2026 | 3000 | 3002964 |
|  Jersey City Redevelopment Agency <br>(Jersey City Redevelopment Agency)<br>Series 2025<br>5.00%, 12/09/2026 | 2000 | 2035439 |
|  Monmouth County Improvement Authority (The) <br>(Monmouth County Improvement Authority/The)<br>Series 2026<br>4.00%, 03/12/2027<sup>(c)</sup> | 2000 | 2034793 |
|  |  | 15951220 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **New York – 2.4%** | **New York – 2.4%** | **New York – 2.4%** |
|  City of New York NY <br>(City of New York NY)<br>Series 2018-E<br>1.90%, 03/01/2048<sup>(g)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950000 |
|  City of Rochester NY <br>(City of Rochester NY)<br>Series 2025-I<br>4.00%, 07/30/2026 | 3000 | 3021391 |
|  Tonawanda City School District <br>(Tonawanda City School District)<br>Series 2025<br>4.00%, 06/12/2026 | 1000 | 1004636 |
|  Town of Oyster Bay NY <br>(Town of Oyster Bay NY)<br>Series 2025<br>4.00%, 08/21/2026 | 4670 | 4707938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026<br>4.00%, 03/05/2027<sup>(c)</sup> | 1500 | 1526991 |
|  Town of Tonawanda NY <br>(Town of Tonawanda NY)<br>Series 2025<br>4.00%, 08/21/2026 | 2000 | 2015769 |
|  Triborough Bridge & Tunnel Authority <br>(Triborough Bridge & Tunnel Authority)<br>Series 2018-2<br>1.95%, 01/01/2031<sup>(g)</sup> | 12185 | 12185000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>1.95%, 01/01/2033<sup>(g)</sup> | 400 | 400000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-C<br>2.00%, 01/01/2032<sup>(g)</sup> | 225 | 225000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>2.86% (MUNIPSA + 0.98%),<br>05/01/2026<sup>(b)</sup> | 2400 | 2400000 |
|  |  | 28436725 |
|  **North Carolina – 0.1%** | **North Carolina – 0.1%** | **North Carolina – 0.1%** |
|  Charlotte-Mecklenburg Hospital Authority (The) <br>(Atrium Health Obligated Group)<br>AG Series 2017-E<br>1.90%, 01/15/2044<sup>(g)</sup> | 1570 | 1570000 |
|  **Ohio – 0.5%** | **Ohio – 0.5%** | **Ohio – 0.5%** |
|  State of Ohio <br>(University Hospitals Health System Obligated Group)<br>Series 2025<br>1.95%, 01/15/2050<sup>(g)</sup> | 5700 | 5700000 |
|  **Oregon – 0.1%** | **Oregon – 0.1%** | **Oregon – 0.1%** |
|  Oregon State Facilities Authority <br>(PeaceHealth Obligated Group)<br>Series 2018-B<br>1.90%, 08/01/2034<sup>(g)</sup> | 1750 | 1750000 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Other – 0.2%** | **Other – 0.2%** | **Other – 0.2%** |
|  Nuveen AMT-Free Municipal Credit Income Fund <br>(Nuveen AMT-Free Municipal Credit Income Fund)<br>Series 2019<br>2.33%, 03/01/2029<sup>(g)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000000 |
|  Nuveen AMT-Free Quality Municipal Income Fund <br>(Nuveen AMT-Free Quality Municipal Income Fund)<br>Series 2021<br>2.33%, 03/01/2029<sup>(g)</sup> | 1000 | 1000000 |
|  |  | 2000000 |
|  **Rhode Island – 0.1%** | **Rhode Island – 0.1%** | **Rhode Island – 0.1%** |
|  City of Cranston RI <br>(City of Cranston RI)<br>Series 2025-1<br>4.00%, 08/19/2026 | 1000 | 1007884 |
|  **South Carolina – 0.8%** | **South Carolina – 0.8%** | **South Carolina – 0.8%** |
|  Berkeley County School District <br>(Berkeley County School District)<br>Series 2025-A<br>5.00%, 06/01/2026 | 2000 | 2013617 |
|  Orangeburg County School District <br>(Orangeburg County School District)<br>Series 2025<br>5.00%, 08/13/2026 | 2500 | 2529452 |
|  South Carolina Association of Governmental Organizations <br>(South Carolina Association of Governmental Organizations)<br>Series 2025-B<br>5.00%, 03/02/2026 | 4510 | 4510000 |
|  |  | 9053069 |
|  **Virginia – 0.3%** | **Virginia – 0.3%** | **Virginia – 0.3%** |
|  Hampton Roads Sanitation District <br>(Hampton Roads Sanitation District)<br>Series 2025-A<br>5.00%, 07/15/2026 | 3000 | 3031559 |
|  Roanoke Economic Development Authority <br>(Carilion Clinic Obligated Group)<br>Series 2024<br>1.90%, 07/01/2052<sup>(g)</sup> | 400 | 400000 |
|  |  | 3431559 |
|  **Wisconsin – 0.3%** | **Wisconsin – 0.3%** | **Wisconsin – 0.3%** |
|  Wisconsin Health & Educational Facilities Authority <br>(Medical College of Wisconsin)<br>Series 2023-B<br>1.90%, 12/01/2033<sup>(g)</sup> | 3665 | 3665000 |
|  Total Short-Term Municipal Notes <br>(cost $150,375,826) | Total Short-Term Municipal Notes <br>(cost $150,375,826) | 150450314 |
|  Total Municipal Obligations <br>(cost $1,092,391,136) | Total Municipal Obligations <br>(cost $1,092,391,136) | 1109092579 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.4%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.4%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.4%** |
|  **Risk Share Floating Rate – 0.4%** | **Risk Share Floating Rate – 0.4%** | **Risk Share Floating Rate – 0.4%** |
|  Federal Home Loan Mortgage Corp. Structured<br> Agency Credit Risk Debt Notes<br>Series 2023-DNA1, Class M1A<br>5.768% (CME Term SOFR + 2.10%), 03/25/2043<sup>(a) (b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA2, Class M1A<br>5.768% (CME Term SOFR + 2.10%), 04/25/2043<sup>(a) (b)</sup> | 253 | 256921 |
|  Connecticut Avenue Securities Trust<br>Series 2024-R03, Class 2M1<br>4.817% (CME Term SOFR + 1.15%), 03/25/2044<sup>(a) (b)</sup> | 482 | 482402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-R01, Class 2M1<br>4.667% (CME Term SOFR + 1.00%), 01/25/2046<sup>(a) (b)</sup> | 2855 | 2855445 |
|  Federal Home Loan Mortgage Corp. Structured<br> Agency Credit Risk Debt Notes 2025-DNA4<br>Series 2025-DNA4, Class M1<br>4.767% (CME Term SOFR + 1.10%), 10/25/2045<sup>(a) (b)</sup> | 837 | 837909 |
|  Total Collateralized Mortgage Obligations <br>(cost $4,902,565) | Total Collateralized Mortgage Obligations <br>(cost $4,902,565) | 4912335 |
|  **ASSET-BACKED SECURITIES – 0.3%** | **ASSET-BACKED SECURITIES – 0.3%** | **ASSET-BACKED SECURITIES – 0.3%** |
|  **Autos - Fixed Rate – 0.3%** | **Autos - Fixed Rate – 0.3%** | **Autos - Fixed Rate – 0.3%** |
|  Arivo Acceptance Auto Loan Receivables Trust<br>Series 2024-1A, Class A<br>6.46%, 04/17/2028<sup>(a)</sup> | 46 | 46250 |
|  Lendbuzz Securitization Trust<br>Series 2023-1A, Class A2<br>6.92%, 08/15/2028<sup>(a)</sup> | 194 | 195945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2<br>5.10%, 10/15/2030<sup>(a)</sup> | 1496 | 1501978 |
|  Tricolor Auto Securitization Trust<br>Series 2025-2A, Class A<br>5.12%, 01/16/2029<sup>(d) (e) (f) (h) (i)</sup> | 3644 | 2209715 |
|  |  | 3953888 |
|  **Other ABS - Fixed Rate – 0.0%** | **Other ABS - Fixed Rate – 0.0%** | **Other ABS - Fixed Rate – 0.0%** |
|  Dext ABS LLC<br>Series 2023-1, Class A2<br>5.99%, 03/15/2032<sup>(a)</sup> | 65 | 65363 |
|  Total Asset-Backed Securities <br>(cost $5,444,769) | Total Asset-Backed Securities <br>(cost $5,444,769) | 4019251 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.3%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.3%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.3%** |
|  **Non-Agency Fixed Rate CMBS – 0.1%** | **Non-Agency Fixed Rate CMBS – 0.1%** | **Non-Agency Fixed Rate CMBS – 0.1%** |
|  MAD Commercial Mortgage Trust<br>Series 2025-11MD, Class A<br>4.912%, 10/15/2042<sup>(a)</sup> | 1500 | 1522439 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Non-Agency Floating Rate CMBS – 0.2%** | **Non-Agency Floating Rate CMBS – 0.2%** | **Non-Agency Floating Rate CMBS – 0.2%** |
|  DBC Mortgage Trust<br>Series 2025-DBC, Class B<br>5.26% (CME Term SOFR 1 Month + 1.60%), 11/15/2042<sup>(a) (b)</sup> | $1624 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1623684 |
|  Total Commercial Mortgage-Backed Securities <br>(cost $3,123,684) | Total Commercial Mortgage-Backed Securities <br>(cost $3,123,684) | 3146123 |
|  **CORPORATES - INVESTMENT GRADE – 0.1%** | **CORPORATES - INVESTMENT GRADE – 0.1%** | **CORPORATES - INVESTMENT GRADE – 0.1%** |
|  **Industrial – 0.1%** | **Industrial – 0.1%** | **Industrial – 0.1%** |
|  **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** |
|  Altria Group, Inc.<br>3.40%, 05/06/2030 | 215 | 209197 |
|  BAT Capital Corp.<br>4.906%, 04/02/2030 | 230 | 236166 |
|  Philip Morris International, Inc.<br>5.625%, 11/17/2029 | 250 | 264123 |
|  |  | 709486 |
|  **Technology – 0.0%** | **Technology – 0.0%** | **Technology – 0.0%** |
|  CDW LLC/CDW Finance Corp.<br>2.67%, 12/01/2026 | 370 | 366108 |
|  |  | 1075594 |
|  **Financial Institutions – 0.0%** | **Financial Institutions – 0.0%** | **Financial Institutions – 0.0%** |
|  **Banking – 0.0%** | **Banking – 0.0%** | **Banking – 0.0%** |
|  Citigroup, Inc.<br>Series AA<br>7.625%, 11/15/2028<sup>(j)</sup> | 184 | 195010 |
|  Wells Fargo & Co.<br>7.625%, 09/15/2028<sup>(j)</sup> | 27 | 28785 |
|  |  | 223795 |
|  Total Corporates - Investment Grade <br>(cost $1,248,054) | Total Corporates - Investment Grade <br>(cost $1,248,054) | 1299389 |
|  | **Shares** |  |
|  **WARRANTS – 0.0%** | **WARRANTS – 0.0%** | **WARRANTS – 0.0%** |
|  **Industrials – 0.0%** | **Industrials – 0.0%** | **Industrials – 0.0%** |
|  **Construction & Engineering – 0.0%** | **Construction & Engineering – 0.0%** | **Construction & Engineering – 0.0%** |
|  BL Train Holdings West LLC, expiring 12/31/2026 <sup>(e) (h) (i)</sup> <br>(cost $0) | 6608 | 8260 |
|  **SHORT-TERM INVESTMENTS – 2.2%** | **SHORT-TERM INVESTMENTS – 2.2%** | **SHORT-TERM INVESTMENTS – 2.2%** |
|  **Investment Companies – 1.6%** | **Investment Companies – 1.6%** | **Investment Companies – 1.6%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%<sup>(k) (l) (m)</sup> <br>(cost $18,652,921) | 18652921 | 18652921 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **U.S. Treasury Bills – 0.6%** | **U.S. Treasury Bills – 0.6%** | **U.S. Treasury Bills – 0.6%** |
|  U.S. Treasury Bill | U.S. Treasury Bill | U.S. Treasury Bill |
|  Zero Coupon, 04/16/2026<br>(cost $7,466,606) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500 | $7466069 |
|  Total Short-Term Investments <br>(cost $26,119,527) | Total Short-Term Investments <br>(cost $26,119,527) | 26118990 |
|  **Total Investments – 98.3%** <br> (cost $1,133,229,735)<sup>(n)</sup> | **Total Investments – 98.3%** <br> (cost $1,133,229,735)<sup>(n)</sup> | 1148596927 |
|  Other assets less liabilities – 1.7% | Other assets less liabilities – 1.7% | 19553548 |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**1168150475** |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>February 28,<br>2026** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid**<br> **(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 45, 5 Year Index, 12/20/2030\* | (5.00)% | Quarterly | 3.32% | USD | 3693 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(286414) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(243279) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43135) |

---

*\** *Termination date* 

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 1830 | 10/15/2028 | CPI# | 2.565% | Maturity | $4079 | $— | $4079 |
| USD | 6000 | 10/15/2029 | 2.485% | CPI# | Maturity | (4252) |  | (4252) |
| USD | 6000 | 10/15/2029 | 2.569% | CPI# | Maturity | (29011) |  | (29011) |
| USD | 4503 | 10/15/2029 | 2.516% | CPI# | Maturity | (10058) |  | (10058) |
| USD | 4499 | 10/15/2029 | 2.451% | CPI# | Maturity | 4271 |  | 4271 |
| USD | 4498 | 10/15/2029 | 2.499% | CPI# | Maturity | (6284) |  | (6284) |
| USD | 1920 | 10/15/2030 | CPI# | 2.531% | Maturity | 9205 |  | 9205 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32050) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(32050) |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

------

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 2336 | 10/15/2029 | 1 Day SOFR | 3.814% | Annual | $50112 | $— | $50112 |
| USD | 2500 | 10/15/2030 | 1 Day SOFR | 4.082% | Annual | 94833 |  | 94833 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144945 | $— | $144945 |

---

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At February 28, 2026, the aggregate market value of these securities amounted to $79,538,566 or 6.8% of net assets.* 

*(b)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at February 28, 2026.* 

*(c)* *When-Issued or delayed delivery security.* 

*(d)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.36% of net assets as of February 28, 2026, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Indiana Finance Authority <br>(Parkview Health System Obligated Group) <br>Series 2024-B <br>3.279%, 11/01/2046* | *06/24/2024* | $*2000000* | | $*2002809* | | *0.17%* |
|  *Tricolor Auto Securitization Trust<br>Series 2025-2A, Class A <br>5.12%, 01/16/2029* | *06/10/2025* | *3643498* | | *2209715* | | *0.19%* |

---

*(e)* *Non-income producing security.* 

*(f)* *Defaulted.* 

*(g)* *Variable Rate Demand Notes are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.* 

*(h)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(i)* *Fair valued by the Adviser.* 

*(j)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(k)* *The rate shown represents the 7-day yield as of period end.* 

*(l)* *Affiliated investments.* 

*(m)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(n)* *As of February 28, 2026, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $17,430,654 and gross unrealized depreciation of investments was $(2,236,981), resulting in net unrealized appreciation of $15,193,673.* 

*As of February 28, 2026, the Fund's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 5.3% and 0.0%, respectively.* 

------

*Glossary:* 

*ABS – Asset-Backed Securities* 

*AG – Assured Guaranty Inc.* 

*AMBAC – Ambac Assurance Corporation* 

*AMT – Alternative Minimum Tax (subject to)* 

*BAM – Build American Mutual* 

*CMBS – Commercial Mortgage-Backed Securities* 

*CME – Chicago Mercantile Exchange* 

*COP – Certificate of Participation* 

*ID – Improvement District* 

*MUNIPSA – SIFMA Municipal Swap Index* 

*NATL – National Interstate Corporation* 

*OSF – Order of St. Francis* 

*SOFR – Secured Overnight Financing Rate* 

*UPMC – University of Pittsburgh Medical Center* 

------

**AB Active ETFs, Inc.** 

**AB Tax-Aware Short Duration Municipal ETF** 

**February 28, 2026 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Long-Term Municipal Bonds | $— | $958642265 | $— | $958642265 |
| Short-Term Municipal Notes |  | 150450314 |  | 150450314 |
| Collateralized Mortgage Obligations |  | 4912335 |  | 4912335 |
| Asset-Backed Securities |  | 1809536 | 2209715 | 4019251 |
| Commercial Mortgage-Backed Securities |  | 3146123 |  | 3146123 |
| Corporates - Investment Grade |  | 1299389 |  | 1299389 |
| Warrants |  |  | 8260 | 8260 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 18652921 |  |  | 18652921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 7466069 |  | 7466069 |
| Total Investments in Securities | 18652921 | 1127726031 | 2217975 | 1148596927 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Centrally Cleared Inflation (CPI) Swaps |  | 17555 |  | 17555 |
| Centrally Cleared Interest Rate Swaps |  | 144945 |  | 144945 |
| **Liabilities:** |  |  |  |  |
| Centrally Cleared Credit Default Swaps |  | (286414) |  | (286414) |
| Centrally Cleared Inflation (CPI) Swaps |  | (49605) |  | (49605) |
| **Total** | $**18652921** | $**1127552512** | $**2217975** | $**1148423408** |

---

*<sup>(a)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the three months ended February 28, 2026 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>11/30/2025<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>02/28/2026<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $30907 | $132112 | $144366 | $18653 | $206 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB Active ETFs, Inc.

- **b. Investment Company Act file number:** 811-23799

- **c. CIK number of Registrant:** 0001496608

- **d. LEI of Registrant:** 2549006ZG5WBMZRI5P66

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Tax-Aware Short Duration Municipal ETF

- **b. EDGAR series identifier (if any):** S000076879

- **c. LEI of Series:** 254900DPOGNO77XEUY82

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $1171783570.90

**Total Liabilities:** $4911749.03

**Net Assets:** $1166871821.87

**Delayed Delivery Securities:** $4641165.00

**Cash Not Reported:** $1026594.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7361.27000000 | **1-Year:** -61661.25000000 | **5-Year:** -130326.29000000 | **10-Year:** -80265.71000000 | **30-Year:** -29778.02000000

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

- **3-Month:** -705.92000000 | **1-Year:** -6639.40000000 | **5-Year:** -12929.49000000 | **10-Year:** -7828.91000000 | **30-Year:** -406.56000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237018 | 0.24%                | 0.66%                | 0.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-65667.63               | $-68079.14                                 |
| Month 2  | $2957.20                 | $4216461.65                                |
| Month 3  | $209079.09               | $4485793.71                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal 1-5 Year Bond Index

- **Index Identifier:** I10588US

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3036806.70   | 0.26%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2199404.38   | 0.19%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                                                                                      | CUSIP: 2322655J3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1132991.19   | 0.10%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584YTA7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    870000 | PA      | $939807.67    | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                                                                                        | CUSIP: 6459165K9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5910000 | PA      | $6580062.21   | 0.56%             | 2029-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095446.30   | 0.09%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349KB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1515151.74   | 0.13%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                 | CUSIP: 87638TJT1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2163717.40   | 0.19%             | 2064-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VZH0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1423870.73   | 0.12%             | 2026-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                  | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1175648.60   | 0.10%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1921032.75   | 0.16%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5370000 | PA      | $5408855.71   | 0.46%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019229.30   | 0.09%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                                       | CUSIP: 60412AL35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1685077.07   | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD                                                                        | CUSIP: 592041ZX8<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062069.80   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                            | CUSIP: 592190QL9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1809090.89   | 0.16%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                            | GUILFORD CNTY NC                                                                                                                   | CUSIP: 401784H22<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3052897.50   | 0.26%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1661674.65   | 0.14%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444452P3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2397753.91   | 0.21%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1210979.64   | 0.10%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389C97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2245323.70   | 0.19%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1160596.27   | 0.10%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1647327.60   | 0.14%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521522M2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2128709.60   | 0.18%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1830000 | OU      | $4079.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE                                                                                | CUSIP: 645424AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3686346.24   | 0.32%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                                                                                    | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2784924.47   | 0.24%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452153JH3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004247.20   | 0.09%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                           | LOS ANGELES CA                                                                                                                     | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5043443.50   | 0.43%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                                                                                                    | CUSIP: 84129NKG3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1276181.67   | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A4P9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1745665.60   | 0.15%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                               | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |  18652921 | NS      | $18652920.70  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE                                                                                    | CUSIP: 57422JBH0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3016788.60   | 0.26%             | 2028-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                                                                                       | CUSIP: 39081JBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063384.40   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Quality Municipal Income Fund                                    | NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND                                                                                      | CUSIP: 670657774<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2029-03-01      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2607946.50   | 0.22%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                                                                                                 | CUSIP: 199546CQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3613284.94   | 0.31%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525YA0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055724.00   | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                            | MEDFORD OR HOSP FACS AUTH REVENUE                                                                                                  | CUSIP: 584283GK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037683.50   | 0.09%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE                                                                              | CUSIP: 34077UAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010826.30   | 0.09%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                             | CUSIP: 939783Y42<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002649.40   | 0.09%             | 2030-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034529.20   | 0.17%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5106015.00   | 0.44%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4239838.40   | 0.36%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                                                                                      | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007310.50   | 0.09%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3815736.40   | 0.33%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647NN7<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2255019.20   | 0.19%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A7F1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001346.40   | 0.34%             | 2065-01-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                             | CHARLOTTE NC ARPT REVENUE                                                                                                          | CUSIP: 161036WB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1370346.82   | 0.12%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                 | Altria Group Inc                                                                                                                   | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    215000 | PA      | $209197.15    | 0.02%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                                                                                         | CUSIP: 70869PJU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4024908.00   | 0.34%             | 2027-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 7353893K2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129430.80   | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $720308.95    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jersey City NJ                                                           | JERSEY CITY NJ                                                                                                                     | CUSIP: 476576WN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4073000 | PA      | $4115440.25   | 0.35%             | 2026-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                             | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1236251.17   | 0.11%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063CZ86<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520406.30   | 0.13%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2200096.80   | 0.19%             | 2054-04-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE                                                                           | CUSIP: 79574CBV4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048658.60   | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District/PA                                                      | SCRANTON PA SCH DIST                                                                                                               | CUSIP: 810827XB6<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045803.60   | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JJH2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019449.60   | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                                            | CUSIP: 438687JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1062639.38   | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester NY                                                             | ROCHESTER NY                                                                                                                       | CUSIP: 771694RD0<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3021390.90   | 0.26%             | 2026-07-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                                                                                      | CUSIP: 594615FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1794044.66   | 0.15%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE                                                                              | CUSIP: 43233KAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1480000.00   | 0.13%             | 2042-11-15      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GZC9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1865169.78   | 0.16%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647FY2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1064367.48   | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                  | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE                                                                                    | CUSIP: 30382VAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1147544.90   | 0.10%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1067495.63   | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | FULTON CNTY GA DEV AUTH                                                                                                            | CUSIP: 3599007X9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1134477.90   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6000000 | OU      | $-4252.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                           | CUSIP: 19645URD8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042247.10   | 0.09%             | 2034-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182THJ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084209.10   | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                         | WASHINGTON TWP CA HLTH CARE DIST REVENUE                                                                                           | CUSIP: 940204GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $704490.87    | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                                                                                                    | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992136.10    | 0.09%             | 2047-11-15      | Floating      | 2.58%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                        | HARRIS CNTY TX INDL DEV CORP                                                                                                       | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080360.20   | 0.18%             | 2050-11-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                           | DETROIT MI DOWNTOWN DEV AUTH TAX INCREMENT REVENUE                                                                                 | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1137343.61   | 0.10%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE                                                                                | CUSIP: 677581GW4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008129.60   | 0.09%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                             | CUSIP: 472682ZD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1154292.85   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048VBM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045509.00   | 0.09%             | 2029-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4243432.84   | 0.36%             | 2030-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Sports Entertainment Facilities Revenue               | MARYLAND STADIUM AUTH SPORTS ENTERTAINMENT FACS REV                                                                                | CUSIP: 57430ABH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167650.80   | 0.19%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096870.90   | 0.09%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                                | NEWARK NJ                                                                                                                          | CUSIP: 650367PP4<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1343631.11   | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $982559.35    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528VBE8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1135647.00   | 0.10%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Waukegan IL                                                              | WAUKEGAN IL                                                                                                                        | CUSIP: 942860SQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1148182.31   | 0.10%             | 2026-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                                | CUSIP: 45470CAE9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $496279.60    | 0.04%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445W70<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1701034.87   | 0.15%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                                                                                          | CUSIP: 74265L2Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2340769.80   | 0.20%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PG90<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1641826.65   | 0.14%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE                                                                          | CUSIP: 65820YVJ2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016197.20   | 0.17%             | 2029-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                   | ALLEN CNTY OH HOSP FACS REVENUE                                                                                                    | CUSIP: 01757LHC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2330782.80   | 0.20%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                             | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE                                                                          | CUSIP: 606092PT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115808.90   | 0.10%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521525J6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    695000 | PA      | $757586.07    | 0.06%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2205900.20   | 0.19%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                  | PORT OF OAKLAND CA                                                                                                                 | CUSIP: 735000VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557963.60   | 0.13%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647HM6<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2195734.80   | 0.19%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                               | CUSIP: 155498KD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1553267.57   | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                                                                                               | CUSIP: 852640AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2108351.60   | 0.18%             | 2032-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH LEASE REVENUE                                                                                             | CUSIP: 71885MAP7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700045.64    | 0.06%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                                                                                | CUSIP: 167560TK7<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    850000 | PA      | $866947.73    | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4499000 | OU      | $4271.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444457J2<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005390.10   | 0.09%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723HC2<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1795324.65   | 0.15%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366C79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028652.30   | 0.09%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505UC8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557798.00   | 0.13%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                                       | CUSIP: 60412AN74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1214469.96   | 0.10%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116EF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509940.55    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                                   | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2197743.60   | 0.19%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE                                                                               | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580883.45   | 0.14%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                             | CUSIP: 613603YM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057817.40   | 0.09%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2163721.20   | 0.19%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI Sewerage System Revenue                                     | MILWAUKEE WI SEWERAGE REVENUE                                                                                                      | CUSIP: 60242MDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351268.30    | 0.03%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GGC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1556280.75   | 0.13%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B7F9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $802271.48    | 0.07%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho State Building Authority                                                   | IDAHO ST BLDG AUTH SALES TAX REVENUE                                                                                               | CUSIP: 451446AD0<br>LEI: 549300XZ1VJYPPKQZU06 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2659255.75   | 0.23%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1453000 | PA      | $1453314.87   | 0.12%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1108000 | PA      | $1133794.68   | 0.10%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                                                                                      | CUSIP: 586111PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1481403.34   | 0.13%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                  | CUSIP: 414009UA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1672746.42   | 0.14%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JHL3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999942.60   | 0.17%             | 2056-04-01      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $936360.60    | 0.08%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 8371516C8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $2023890.15   | 0.17%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County School District                                                      | COBB CNTY GA SCH DIST                                                                                                              | CUSIP: 190819JY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3548227.90   | 0.30%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE                                                                            | CUSIP: 87638QTM1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2682043.00   | 0.23%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                               | OKLAHOMA ST MUNI PWR AUTH                                                                                                          | CUSIP: 67910HSK7<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |    740000 | PA      | $850096.02    | 0.07%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                                                                    | CUSIP: 23503CFU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2303922.40   | 0.20%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JHH2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106645.20   | 0.09%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                                             | MAD Commercial Mortgage Trust 2025-11MD                                                                                            | CUSIP: 55616AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1522439.40   | 0.13%             | 2042-10-15      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525R91<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2070235.98   | 0.18%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182QL3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3754636.60   | 0.32%             | 2035-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 626207Q49<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1856156.49   | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                              | CUSIP: 5444954L5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1753977.46   | 0.15%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Building Commission of Chicago                                            | CHICAGO IL PUBLIC BLDG COMMISSION BLDG REVENUE                                                                                     | CUSIP: 167664ZP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3123806.50   | 0.27%             | 2028-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Harbor System Revenue                                            | HAWAII ST HARBOR SYS REVENUE                                                                                                       | CUSIP: 41981THF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2346868.52   | 0.20%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GFX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046458.20   | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust                                     | Arivo Acceptance Auto Loan Receivables Trust 2024-1                                                                                | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46027 | PA      | $46250.36     | 0.00%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250FG4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039018.70   | 0.09%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2108005.20   | 0.18%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Legacy Denton Public Facility Corp                                               | LEGACY DENTON PUB FAC CORP MF HSG REVENUE                                                                                          | CUSIP: 52474GAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000756.40   | 0.34%             | 2043-10-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL                                                                                                                 | CUSIP: 59333FTT7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1048425.04   | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5959367.28   | 0.51%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ECON DEV AUTH                                                                                                        | CUSIP: 95649DAG3<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2927916.91   | 0.25%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182TD8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1468798.88   | 0.13%             | 2035-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                          | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                         | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562100.15   | 0.13%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                | QUINCY MA                                                                                                                          | CUSIP: 7485082N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5705000 | PA      | $5791195.13   | 0.50%             | 2026-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                                       | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1979536.07   | 0.17%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                                                         | Dext ABS 2023-1 LLC                                                                                                                | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65071 | PA      | $65362.33     | 0.01%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| County of St Louis MO                                                            | SAINT LOUIS CNTY MO SPL OBLG                                                                                                       | CUSIP: 791526QH2<br>LEI: 5493003TZLKXNN2MGO51 | Long             | DBT              | MUN               | US        |    755000 | PA      | $785644.39    | 0.07%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                   | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC LEASE REVENUE                                                                                 | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100770.33   | 0.09%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160TW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003520.80   | 0.17%             | 2027-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Cranston RI                                                              | CRANSTON RI                                                                                                                        | CUSIP: 224562LQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007884.20   | 0.09%             | 2026-08-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                     | DE KALB CNTY GA WTR & SWR REVENUE                                                                                                  | CUSIP: 240523B74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524900.15   | 0.13%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1686824.91   | 0.14%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                                                                                                 | CUSIP: 432308V50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2632919.70   | 0.23%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VZM9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1341172.63   | 0.11%             | 2028-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                                                                                                    | CUSIP: 64577XEN2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1180000.00   | 0.10%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $951670.29    | 0.08%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584XJX0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1304205.12   | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                               | CUSIP: 45471CCS5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002809.00   | 0.17%             | 2046-11-01      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                                                                                                    | CUSIP: 64577XEK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1396763.70   | 0.12%             | 2027-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2500000 | OU      | $94833.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH REVENUE                                                                                                 | CUSIP: 048506CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2431948.08   | 0.21%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452153NM7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563910.95   | 0.13%             | 2027-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BDA3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000375.90   | 0.09%             | 2029-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                                                                                       | CUSIP: 63607YCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1677960.45   | 0.14%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DVU7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023166.10   | 0.09%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                                               | Tricolor Auto Securitization Trust                                                                                                 | CUSIP: 89617QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3643607 | PA      | $2209715.03   | 0.19%             | 2029-01-16      | Fixed         | 5.12%                 | No            |                  3 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JNN9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060100.60   | 0.09%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VZQ0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1492157.84   | 0.13%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                       | CUSIP: 45204ETP3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2291199.48   | 0.20%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063EDB9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2075370.11   | 0.18%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505ZU3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4399884.40   | 0.38%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 7353893N6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127509.60   | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2131210.84   | 0.18%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBR7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1539750.15   | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                                                                                         | CUSIP: 800766LC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $802168.12    | 0.07%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389D70<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1057458.78   | 0.09%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389F52<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027922.30   | 0.09%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182THB6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1142876.91   | 0.10%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                   | SACRAMENTO CNTY CA ARPT SYS REVENUE                                                                                                | CUSIP: 786107WL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2021978.70   | 0.17%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JNK5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1879403.43   | 0.16%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Danbury CT                                                               | DANBURY CT                                                                                                                         | CUSIP: 235866HU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2543451.25   | 0.22%             | 2027-02-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 6262074S0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536077.25    | 0.05%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD                                                                                                                 | CUSIP: 6133407D4<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1530806.29   | 0.13%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                      | CUSIP: 140427BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516467.75   | 0.13%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU                                                                       | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1434701.98   | 0.12%             | 2027-09-15      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                                                                                       | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997266.80   | 0.17%             | 2039-09-01      | Floating      | 3.21%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                                                                                   | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3050910.90   | 0.26%             | 2040-03-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $594000.00    | 0.05%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GTD4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001823.40   | 0.09%             | 2048-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                                                                                       | CUSIP: 04780TEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2199206.60   | 0.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $801358.16    | 0.07%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389ZQ4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1295519.53   | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1153000 | PA      | $1155689.26   | 0.10%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE                                                                                 | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2331561.90   | 0.20%             | 2054-02-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WR97<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1600316.05   | 0.14%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                                                                               | CUSIP: 88285ACN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017901.00   | 0.09%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B8A9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    900000 | PA      | $912759.66    | 0.08%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461363L3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007477.90   | 0.09%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                                                      | DBC 2025-DBC Mortgage Trust                                                                                                        | CUSIP: 23306HAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1623684 | PA      | $1623684.00   | 0.14%             | 2042-11-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                                                                                        | CUSIP: 419794ZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055046.90   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hoboken NJ                                                               | HOBOKEN NJ                                                                                                                         | CUSIP: 434110XP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2220821.40   | 0.19%             | 2026-03-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                  | GARDEN ST PRESERVATION TRUST NJ OPEN SPACE & FARMLAND PRESER                                                                       | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2064977.46   | 0.18%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                   | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE                                                                            | CUSIP: 66272RAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $912529.35    | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                  | CUSIP: 414009RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000117.60   | 0.17%             | 2049-07-01      | Floating      | 2.73%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                              | CUSIP: 79766DWG0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2700903.50   | 0.23%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                                                                                                   | CUSIP: 79467BBZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167268.40   | 0.19%             | 2031-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH INS                                                                        | CUSIP: 546275AE8<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    665000 | PA      | $688192.41    | 0.06%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505SL1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015186.20   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                              | CUSIP: 79766DRP6<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1572543.03   | 0.13%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2668024.00   | 0.23%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                            | OYSTER BAY NY                                                                                                                      | CUSIP: 692160VE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4670000 | PA      | $4707937.68   | 0.40%             | 2026-08-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182SU1<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1039953.34   | 0.09%             | 2026-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966SPV2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2136438.40   | 0.18%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | PRINCE GEORGES CNTY MD                                                                                                             | CUSIP: 7417014W3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1594076.25   | 0.14%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                 | CUSIP: 87638TJX2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1159012.70   | 0.10%             | 2051-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Green Lake Township Economic Development Corp                                    | GREEN LAKE TWP MI ECON DEV CORP                                                                                                    | CUSIP: 393096AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.40%             | 2034-06-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                             | CUSIP: 939783YX8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1266105.73   | 0.11%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106375.60   | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 6262074A9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1279569.72   | 0.11%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3000267.33   | 0.26%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE                                                                           | CUSIP: 130536LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040687.70   | 0.09%             | 2038-11-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Reynoldsburg City School District                                                | REYNOLDSBURG OH CITY SCH DIST                                                                                                      | CUSIP: 761852GC0<br>LEI: 5493008FQ0C4VK7NRG77 | Long             | DBT              | MUN               | US        |    700000 | PA      | $742654.43    | 0.06%             | 2030-09-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2176218.80   | 0.19%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048TTL7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500168.80    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                                                                                           | CUSIP: 46246K5H1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.07%             | 2041-02-15      | Floating      | 1.85%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                              | CUSIP: 79766DSL4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541708.85   | 0.13%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1675000.00   | 0.14%             | 2048-03-01      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                               | ILLINOIS ST MUNI ELEC AGY PWR SPLY                                                                                                 | CUSIP: 452024JG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024078.10   | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado State Education Loan Program                                            | COLORADO ST EDUC LOAN PROGRAM                                                                                                      | CUSIP: 19672MDG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6650000 | PA      | $6708323.83   | 0.57%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366Y42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1143625.51   | 0.10%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584Y7K9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1157840.70   | 0.10%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WS39<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2614291.00   | 0.22%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1881958.86   | 0.16%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                       | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                                                                                          | CUSIP: 45884AZZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1787354.52   | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JA99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055796.70   | 0.09%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532EF7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1168070.31   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837032BJ9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3592241.74   | 0.31%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Authority                                                        | ALABAMA ST HIGHWAY AUTH SPL OBLIG REVENUE                                                                                          | CUSIP: 010559AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014177.80   | 0.09%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Board of Higher Education                                                   | UTAH ST BRD OF RGTS REVENUE                                                                                                        | CUSIP: 91754RBW6<br>LEI: 549300SAYC054T80UK17 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1511398.51   | 0.13%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Adams & Weld Counties School District No 27J Brighton/CO                         | ADAMS & WELD CNTYS CO SCH DIST #27J BRIGHTON                                                                                       | CUSIP: 005518VY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501648.50   | 0.13%             | 2027-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | FLORIDA ST MUNI PWR AGY                                                                                                            | CUSIP: 342816T88<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1116791.50   | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                                                                                             | CUSIP: 1810596P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062682.70   | 0.09%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                                                                                                    | CUSIP: 70914P2W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564817.55   | 0.13%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                                                                            | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049797.30   | 0.09%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461362B6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3681892.03   | 0.32%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                | VENICE FL                                                                                                                          | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $902342.16    | 0.08%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B6S2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1185499.55   | 0.10%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1754806.36   | 0.15%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                              | Freddie Mac STACR REMIC Trust 2023-DNA2                                                                                            | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |    253458 | PA      | $256920.61    | 0.02%             | 2043-04-25      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RDH1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.03%             | 2038-02-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                           | ROANOKE VA ECON DEV AUTH HOSPREVENUE                                                                                               | CUSIP: 770082BB0<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.03%             | 2052-07-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048VBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559845.50   | 0.13%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RNN7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.12%             | 2041-07-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029925.60   | 0.17%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Los Angeles CA                                                         | LOS ANGELES CNTY CA                                                                                                                | CUSIP: 544657JC4<br>LEI: 254900NGUPWO7FB6II89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514312.10   | 0.13%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366W28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1776691.09   | 0.15%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                                | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                                                                                         | CUSIP: 409327MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3031558.50   | 0.26%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue                  | ARIZONA ST TRANSPRTN BRD HIGHWAY REVENUE                                                                                           | CUSIP: 040654XD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2597663.61   | 0.22%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collier County Industrial Development Authority                                  | COLLIER CNTY FL INDL DEV AUTH                                                                                                      | CUSIP: 194641BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2190848.40   | 0.19%             | 2054-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | UNIV OF HOUSTON TX UNIV REVENUES                                                                                                   | CUSIP: 914302FX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026637.40   | 0.09%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                                                                                       | CUSIP: 717817WJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1336269.66   | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5326831.50   | 0.46%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XCQ3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3983622.80   | 0.34%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275AV5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1132094.60   | 0.10%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS373C9   CDS USD R V 03MEVENT IS373D0 CCPCDX / Short: BS373C9   CDS USD P F  5.00000 IS373C9 CCPCDX                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   3692700 | OU      | $-286414.12   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DGL2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099157.40   | 0.09%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE                                                                          | CUSIP: 65820YVS2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004927.70   | 0.09%             | 2030-11-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1920000 | OU      | $9205.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                       | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                                                                                          | CUSIP: 45884AZY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1136712.05   | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE                                                                                | CUSIP: 593338AX4<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006636.70   | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005914.80   | 0.09%             | 2050-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Desertxpress Enterprises LLC                                                     | Desertxpress Enterprises LLC                                                                                                       | CUSIP: 05594N118<br>LEI: 254900UTS074X7B9VE11 | N/A              | DE               |  | US        |      6608 | NS      | $8260.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| King County School District No 414 Lake Washington                               | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                                                                                         | CUSIP: 495260H20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1082698.84   | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG FIN AUTH MF HSG REVENUE                                                                                            | CUSIP: 19647PDX8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3041907.60   | 0.26%             | 2044-07-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 837151PQ6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508544.45   | 0.13%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE                                                                          | CUSIP: 65820YUF1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    560000 | PA      | $604393.10    | 0.05%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Industrial Development Authority                                | PORT BEAUMONT TX INDL DEV AUTH                                                                                                     | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1642648.68   | 0.14%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE                                                                                   | CUSIP: 873816AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076995.80   | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227RN3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    605000 | PA      | $624708.18    | 0.05%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095076.30   | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966SBX3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1931155.69   | 0.17%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VZG2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1485000.00   | 0.13%             | 2026-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WW3<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4044697.60   | 0.35%             | 2028-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE                                                                            | CUSIP: 64578JBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1308102.02   | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                                                                                                     | CUSIP: 4140055E4<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1226793.18   | 0.11%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2869942.00   | 0.25%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN                                                                        | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2195177.40   | 0.19%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896SC0<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1156601.71   | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Highway & Transportation Commission                                     | MISSOURI ST HIGHWAY & TRANSPRTN COMMISSION STATE ROAD REVENU                                                                       | CUSIP: 60636WTK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2585324.25   | 0.22%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                          | CUSIP: 13032U4W5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2254964.60   | 0.19%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 735240L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020051.90   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525XW3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1221164.42   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647FH9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1130433.88   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                            | CUSIP: 04780M2M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2357860.47   | 0.20%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                                                                                               | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079115.30   | 0.09%             | 2064-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund                                     | Nuveen AMT-Free Municipal Credit Income Fund                                                                                       | CUSIP: 67071L825<br>LEI: 549300LBMO1C0IG71T03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2029-03-01      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                                      | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1671015.60   | 0.14%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 7352402C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1119603.67   | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                      | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069747.00   | 0.09%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3309394.20   | 0.28%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602N7M0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1244828.87   | 0.11%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1696717.18   | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE                                                                         | CUSIP: 882667AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083111.40   | 0.09%             | 2030-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE                                                                                  | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132192.40   | 0.10%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461366D8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1091198.16   | 0.09%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                  | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $834593.36    | 0.07%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A5W3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4535000 | PA      | $5180603.96   | 0.44%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                                   | CUSIP: 880443JQ0<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2769106.25   | 0.24%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Frisco Independent School District                                               | FRISCO TX INDEP SCH DIST                                                                                                           | CUSIP: 35880C6Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4657591.20   | 0.40%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Redevelopment Agency                                                 | JERSEY CITY NJ REDEV AGY                                                                                                           | CUSIP: 476637BM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035438.60   | 0.17%             | 2026-12-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                                                                                       | CUSIP: 6450205L8<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1897592.25   | 0.16%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                            | CUSIP: 89602HJC2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4221638.80   | 0.36%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675937W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2495779.75   | 0.21%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                             | TEXAS ST A & M UNIV REVENUES                                                                                                       | CUSIP: 88213AKV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1659573.47   | 0.14%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                              | CUSIP: 897579BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1347658.21   | 0.12%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115545.80   | 0.10%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4503000 | OU      | $-10057.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                                                                                       | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1634275.35   | 0.14%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2675030.86   | 0.23%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                       | CUSIP: 45204FT47<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2241037.16   | 0.19%             | 2031-05-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                             | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                                                                                        | CUSIP: 88880LAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $223190.32    | 0.02%             | 2049-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp VI                                 | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP VI GAS SPLY REV                                                                          | CUSIP: 88256FAK8<br>LEI: 254900OCOQCKZZ4U6C83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102287.40   | 0.09%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                          | UNIV OF MINNESOTA MN                                                                                                               | CUSIP: 914460QA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1058264.59   | 0.09%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $482574.40    | 0.04%             | 2038-12-01      | Floating      | 2.40%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BSU3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1136650.40   | 0.10%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                                                                                | CUSIP: 167560SZ5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2674206.49   | 0.23%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                         | CUSIP: 2510933E8<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001652.80   | 0.09%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JHM1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089748.70   | 0.09%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505WP7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1631050.94   | 0.14%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | COOK CNTY IL                                                                                                                       | CUSIP: 213185LY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $1070300.81   | 0.09%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                                     | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2419168.82   | 0.21%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | MICHIGAN ST HOSP FIN AUTH                                                                                                          | CUSIP: 59465HVS2<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036320.80   | 0.17%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TCT2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019212.80   | 0.09%             | 2049-06-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445CQ0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3489066.41   | 0.30%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APZ4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1983619.77   | 0.17%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                                                                                               | CUSIP: 62620HKE1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095023.00   | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227UF6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1976810.31   | 0.17%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532AU8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2111155.40   | 0.18%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                              | Freddie Mac STACR REMIC Trust 2023-DNA1                                                                                            | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |    474613 | PA      | $479657.95    | 0.04%             | 2043-03-25      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | DALLAS TX INDEP SCH DIST                                                                                                           | CUSIP: 235308Y23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091934.00   | 0.09%             | 2056-02-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                         | UNIV OF WASHINGTON WA UNIV REVENUES                                                                                                | CUSIP: 91523NZX7<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1171564.90   | 0.10%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 59333MW68<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506799.35   | 0.13%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 837151PS2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507594.50   | 0.13%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445GK9<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1784273.04   | 0.15%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado State Education Loan Program                                            | COLORADO ST EDUC LOAN PROGRAM                                                                                                      | CUSIP: 19672MDH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19200000 | PA      | $19373869.44  | 1.66%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                           | UTAH ST TRANSIT AUTH SALES TAX REVENUE                                                                                             | CUSIP: 917565FR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118073.60   | 0.10%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275EP4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038407.30   | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349GG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1577886.25   | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Housing Finance Corp                                               | HARRIS CNTY TX HSG FIN CORP                                                                                                        | CUSIP: 414158TQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514976.00   | 0.22%             | 2043-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                                                                                          | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2958734.40   | 0.25%             | 2056-04-01      | Floating      | 2.29%                 | No            |                  2 | On Loan: No      |
| Florida Insurance Assistance Interlocal Agency Inc                               | FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY                                                                                        | CUSIP: 34074EAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4052002.40   | 0.35%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505VX1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052128.80   | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1377000 | PA      | $1377024.10   | 0.12%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525XA0<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518453.60   | 0.13%             | 2028-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                            | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3700179.00   | 0.32%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                        | CUSIP: 64578CCE9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529579.70   | 0.13%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                                                                                        | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750000.00   | 0.15%             | 2034-08-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                            | CUSIP: 118217CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1501301.34   | 0.13%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1684417.60   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525XC6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2463717.36   | 0.21%             | 2036-01-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602RFC4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  12185000 | PA      | $12185000.00  | 1.04%             | 2031-01-01      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090062.60   | 0.09%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 646136XE6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1436712.45   | 0.12%             | 2027-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                                 | CUSIP: 59335KEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1249474.38   | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                             | NEWPORT MESA CA UNIF SCH DIST                                                                                                      | CUSIP: 652113UQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1751011.20   | 0.15%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                                                                                                   | CUSIP: 25476FRJ9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2516883.25   | 0.22%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647LB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3324429.60   | 0.28%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                                                                   | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     27000 | PA      | $28784.97     | 0.00%             | 2028-09-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                             | CUSIP: 613603YN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1584937.65   | 0.14%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                      | CUSIP: 93974DX29<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041089.30   | 0.09%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                            | CUSIP: 04780MR92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031868.20   | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DR57<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    650000 | PA      | $717747.29    | 0.06%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000BMN5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989372.80    | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Brevard FL                                                             | BREVARD CNTY FL LOCAL OPTION FUEL TAX REVENUE                                                                                      | CUSIP: 10741MBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1461071.00   | 0.13%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                     | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1599000 | PA      | $1599043.49   | 0.14%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2160311.42   | 0.19%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                                                                                          | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $124047.88    | 0.01%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   9505000 | PA      | $10358752.41  | 0.89%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                      | CUSIP: 93974FDQ3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4797089.55   | 0.41%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LE4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2156371.01   | 0.18%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LC8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3209748.00   | 0.28%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GZD7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073486.10   | 0.09%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2269793.07   | 0.19%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO AVIATION AUTH FL SPL PURPOSE ARPT FACS REVENUE                                                                         | CUSIP: 39227AAA0<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2195968.80   | 0.19%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6509286.60   | 0.56%             | 2054-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | MIAMI-DADE CNTY FL WTR & SWR REVENUE                                                                                               | CUSIP: 59334DQQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1677679.25   | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467CG5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1239054.76   | 0.11%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                              | ARIZONA ST HLTH FACS AUTH                                                                                                          | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5720000 | PA      | $5720000.00   | 0.49%             | 2046-01-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Berkeley County School District                                                  | BERKELEY CNTY SC SCH DIST                                                                                                          | CUSIP: 084203XN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013617.00   | 0.17%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Hamden CT                                                                | HAMDEN CT                                                                                                                          | CUSIP: 4067925P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011476.30   | 0.09%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV                                                                       | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3345933.62   | 0.29%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30997   IRS USD R F  3.81350 IS30997 CCPOIS / Short: SS30997   IRS USD P V 00MSOFR IS309A8 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2336000 | OU      | $50112.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4115005.60   | 0.35%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                | QUINCY MA                                                                                                                          | CUSIP: 748508Y93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8587258.45   | 0.74%             | 2026-07-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                                                                                               | CUSIP: 45470YFL0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2384228.92   | 0.20%             | 2062-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                           | CUSIP: 67884XCD7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039172.20   | 0.09%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Palm Beach Community Redevelopment Agency                                   | W PALM BEACH FL CMNTY REDEV AGY                                                                                                    | CUSIP: 955070CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2590000.00   | 0.22%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                            | CUSIP: 592190SB9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1705247.15   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH DIST                                                                                                           | CUSIP: 115067MT4<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005176.80   | 0.09%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                                               | JEFFERSON CNTY OH PORT AUTH ECECON DEV REVENUE                                                                                     | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4102592.00   | 0.35%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                         | COBB CNTY GA DEV AUTH EDUCTNL FACS REVENUE                                                                                         | CUSIP: 190782AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1218414.47   | 0.10%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    675000 | PA      | $720998.69    | 0.06%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                        | UNIV OF CONNECTICUT CT                                                                                                             | CUSIP: 914233F22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002171.80   | 0.09%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TGW1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099440.20   | 0.09%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                  | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3850262.28   | 0.33%             | 2054-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                                                                                       | CUSIP: 402682CQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2458483.37   | 0.21%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                    | CUSIP: 74442CEE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1486569.96   | 0.13%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                                            | CUSIP: 13080SPJ7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1696525.51   | 0.15%             | 2035-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Airport System                                            | SAN ANTONIO TX ARPT SYS REVENUE                                                                                                    | CUSIP: 796242UB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $590186.25    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Ward ND                                                                | WARD CNTY ND HLTH CARE FACS REVENUE                                                                                                | CUSIP: 934023EP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1320587.06   | 0.11%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charlotte FL                                                           | CHARLOTTE CNTY FL CAPITAL IMPT REVENUE                                                                                             | CUSIP: 160790BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1082064.53   | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HLTHCARE SYS REVENUE                                                                                            | CUSIP: 74447GAK6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1355740.36   | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Hospital Authority                                                        | IRVING TX HOSP AUTH                                                                                                                | CUSIP: 463794KA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005196.30   | 0.09%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523316.15   | 0.13%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4538079.45   | 0.39%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION REVENUE                                                                       | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2473009.91   | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | JACKSONVILLE FL HLTH CARE FACS REVENUE                                                                                             | CUSIP: 469400CW3<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |    600000 | PA      | $608510.40    | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 646136EP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1251792.58   | 0.11%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                 | CUSIP: 12008EXY7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063835.50   | 0.09%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                    | CUSIP: 74442CCP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1050831.99   | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1633682.25   | 0.14%             | 2054-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI MUNI CTFS                                                                                                       | CUSIP: 74449EAA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1442064.96   | 0.12%             | 2063-06-15      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE                                                                                     | CUSIP: 69651ACG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2203612.26   | 0.19%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                         | Nuveen California AMT-Free Quality Municipal Income Fund                                                                           | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2047-10-01      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DX76<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1182705.12   | 0.10%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                 | BAT Capital Corp                                                                                                                   | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    230000 | PA      | $236166.30    | 0.02%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DGC0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031876.00   | 0.09%             | 2053-12-01      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                       | SHAKOPEE MN SENIORHSG REVENUE                                                                                                      | CUSIP: 81919TAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1330378.40   | 0.11%             | 2035-11-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                                                                                        | CUSIP: 6459165H6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2097457.40   | 0.18%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048598.20   | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PF91<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    923770 | PA      | $927591.59    | 0.08%             | 2038-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Department of Transportation                                      | NORTH CAROLINA DEPT TRANSN    PRIVATE ACTIVITY REVENUE                                                                             | CUSIP: 65820FAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1406496.75   | 0.12%             | 2037-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532424.15   | 0.13%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HCP6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119864.20   | 0.10%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                         | LANCASTER OH PORT AUTH GAS REVENUE                                                                                                 | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080366.20   | 0.09%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389U71<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129894.10   | 0.10%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                            | S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE                                                                                   | CUSIP: 838536KC3<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1844366.96   | 0.16%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                        | CUSIP: 70868YAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2244504.60   | 0.19%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RPQ8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    775000 | PA      | $775000.00    | 0.07%             | 2039-01-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                                       | CUSIP: 34061XAJ1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531393.05   | 0.13%             | 2037-07-01      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| County of New Hanover NC                                                         | NEW HANOVER CNTY NC                                                                                                                | CUSIP: 6448005L4<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1024516.23   | 0.09%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WS47<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2691784.23   | 0.23%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                                                                             | CUSIP: 60637AVK5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1044455.30   | 0.09%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                 | CUSIP: 19648FB78<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1734583.20   | 0.15%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                                                                                        | CUSIP: 667826BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2159249.60   | 0.19%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837033LC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010632.10   | 0.09%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal                             | SEWARD CNTY KS UNIF SCH DIST #480                                                                                                  | CUSIP: 818461JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503051.75   | 0.13%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467CQ3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    440000 | PA      | $445368.44    | 0.04%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160TV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998840.00   | 0.17%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                 | Fannie Mae Connecticut Avenue Securities                                                                                           | CUSIP: 207941AA3<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    482402 | PA      | $482401.70    | 0.04%             | 2044-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2140486.40   | 0.18%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                                                                      | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    184000 | PA      | $195010.56    | 0.02%             | 2028-11-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT                                                                                                                          | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $760257.78    | 0.07%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                                                                                           | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034724.60   | 0.17%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DISTRICT OF COLUMBIA REVENUE                                                                                                       | CUSIP: 254839RX3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1210000.00   | 0.10%             | 2038-08-15      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461363J8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1058047.94   | 0.09%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602RKC8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.02%             | 2032-01-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                            | CUSIP: 592190NV0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1095619.74   | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050940.30   | 0.09%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority/The                                        | MONMOUTH CNTY NJ IMPT AUTH REVENUE                                                                                                 | CUSIP: 60956PV41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034792.80   | 0.17%             | 2027-03-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orangeburg County School District                                                | ORANGEBURG CNTY SCH DIST                                                                                                           | CUSIP: 685363AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2529452.50   | 0.22%             | 2026-08-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                                        | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521582.90   | 0.13%             | 2049-12-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                       | CUSIP: 928104PB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1291473.38   | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Brunswick Parking Authority                                                  | NEW BRUNSWICK NJ PKG AUTH                                                                                                          | CUSIP: 642835NW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028130.60   | 0.17%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                               | ANAHEIM CA PUBLIC FING AUTH LEASE REVENUE                                                                                          | CUSIP: 03255LBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874802.30    | 0.07%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority  | CUMBERLAND CNTY NC INDL FACS & POLL CONTROL FING AUTH SOL WS                                                                       | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3502660.70   | 0.30%             | 2027-12-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Edinburg Consolidated Independent School District/TX                             | EDINBURG TX CONSOL INDEP SCH DIST                                                                                                  | CUSIP: 280785TA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1077385.86   | 0.09%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                          | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                                                                                       | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037582.00   | 0.17%             | 2035-11-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227UY5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1779502.54   | 0.15%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEVAUTH POLL CONTROL REVENUE                                                                             | CUSIP: 13078HBA9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071418.70   | 0.09%             | 2033-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1273429.85   | 0.11%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3639805.98   | 0.31%             | 2056-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Bills                                                                                                                | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   7500000 | PA      | $7466069.10   | 0.64%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                                | MISSION TX ECON DEV CORP REVENUE                                                                                                   | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008106.60   | 0.17%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                                 | CUSIP: 59335KER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110084.00   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                                       | CUSIP: 60412AS61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561869.45   | 0.13%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                                                                    | CUSIP: 23503CFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2145664.60   | 0.18%             | 2050-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2484000 | PA      | $2487361.10   | 0.21%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Sanitation Districts Financing Authority                      | LOS ANGELES CNTY CA SANTN DISTS FING AUTH                                                                                          | CUSIP: 545149KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1157105.59   | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                    | CUSIP: 74442CEB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021375.80   | 0.09%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE                                                                                | CUSIP: 677581GK0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1023251.54   | 0.09%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                          | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                                                                                       | CUSIP: 546068AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038798.00   | 0.17%             | 2035-11-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3130869.60   | 0.27%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                                                                                               | CUSIP: 67756CGX0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5700000.00   | 0.49%             | 2050-01-15      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PJU6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1080085.32   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532CQ5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1355857.65   | 0.12%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GBB7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1803816.06   | 0.15%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XAG7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2555934.13   | 0.22%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4740895.56   | 0.41%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723HD0<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1846761.53   | 0.16%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1082538.00   | 0.09%             | 2032-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                               | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $702978.25    | 0.06%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                                                                    | CUSIP: 23503CFS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5639593.50   | 0.48%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                                  | PORT SAINT LUCIE FL UTILITY REVENUE                                                                                                | CUSIP: 735352QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3580163.84   | 0.31%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723GY5<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1704380.47   | 0.15%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE                                                                                | CUSIP: 593338AS5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1637676.95   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295ZL6<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026591.00   | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                               | MIAMI-DADE CNTY FL INDL DEV AUTH STUDENT HSG REVENUE                                                                               | CUSIP: 59334JAE1<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036252.40   | 0.09%             | 2065-07-01      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                                                                                   | CUSIP: 16772PDX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1949498.36   | 0.17%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Tonawanda NY                                                             | TONAWANDA TOWN NY                                                                                                                  | CUSIP: 890210RJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015769.40   | 0.17%             | 2026-08-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                                                                                     | CUSIP: 40065FEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030230.80   | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                              | Freddie Mac STACR REMIC Trust 2025-DNA4                                                                                            | CUSIP: 35564UBR7<br>LEI: 529900ZVQVVVNGMGDO97 | Long             | ABS-MBS          | USGSE             | US        |    836647 | PA      | $837909.24    | 0.07%             | 2045-10-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                                                                                   | CUSIP: 79739GGD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1778725.47   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                              | CUSIP: 5444955U4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2063940.42   | 0.18%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                 | CUSIP: 19648FPT5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1345000.00   | 0.12%             | 2052-12-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                                                                                   | CUSIP: 79739GNG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103490.50   | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261AJR9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1534488.58   | 0.13%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029615.90   | 0.09%             | 2052-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 4423487W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037345.90   | 0.09%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | COLORADO ST COPS                                                                                                                   | CUSIP: 196711QX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049949.20   | 0.09%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467AE2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028103.50   | 0.09%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                                   | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088953.20   | 0.18%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080779.80   | 0.09%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896SZ9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2328693.63   | 0.20%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TGL5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093390.90   | 0.09%             | 2056-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                              | CDW LLC / CDW Finance Corp                                                                                                         | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $366107.60    | 0.03%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| City of Jersey City NJ                                                           | JERSEY CITY NJ                                                                                                                     | CUSIP: 476576WG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3915000 | PA      | $4166629.19   | 0.36%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                            | OYSTER BAY NY                                                                                                                      | CUSIP: 692160VF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526990.85   | 0.13%             | 2027-03-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1696009.35   | 0.15%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Hudson NJ                                                              | HUDSON CNTY NJ                                                                                                                     | CUSIP: 44372ADV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2541762.75   | 0.22%             | 2027-02-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647EC1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    465000 | PA      | $472176.76    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRY                                                                           | CUSIP: 25457VBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $229500.00    | 0.02%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075898.30   | 0.09%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE                                                                                        | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1310035.91   | 0.11%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Freeport TX                                                                 | PORT FREEPORT TX SENIOR LIEN REVENUE                                                                                               | CUSIP: 73412PCH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1157212.39   | 0.10%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2186962.80   | 0.19%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                                                                                          | CUSIP: 717903L71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2015771.47   | 0.17%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                | CUSIP: 64577BTB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537371.90   | 0.13%             | 2028-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                                                                                   | CUSIP: 79739GQU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1745831.84   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075510.20   | 0.09%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FYI Properties                                                                   | FYI PROPERTIES WA LEASE REVENUE                                                                                                    | CUSIP: 302716BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1977965.07   | 0.17%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                                                                                        | CUSIP: 574193XP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1603281.15   | 0.14%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                 | Fannie Mae Connecticut Avenue Securities                                                                                           | CUSIP: 20755BAB6<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   2855445 | PA      | $2855445.43   | 0.24%             | 2046-01-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4498000 | OU      | $-6284.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Montebello Public Financing Authority                                            | MONTEBELLO CA PUBLIC FING AUTH REVENUE                                                                                             | CUSIP: 612286DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006678.90   | 0.09%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                                         | CUSIP: 13068LW35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1470589.46   | 0.13%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1369054.13   | 0.12%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE                                                                           | CUSIP: 160853LL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1570000.00   | 0.13%             | 2044-01-15      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | HAWAII ST                                                                                                                          | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1886630.90   | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                           | NEW ORLEANS LA                                                                                                                     | CUSIP: 64763FF46<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056399.70   | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                              | CUSIP: 897579BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001792.60   | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                                    | Lendbuzz Securitization Trust 2025-1                                                                                               | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1496485 | PA      | $1501977.83   | 0.13%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LD6<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1516220.10   | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                     | CUSIP: 9277817N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935836.70    | 0.08%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966QAA8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.08%             | 2048-03-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTR REVENUE                                                                                                             | CUSIP: 167736SJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $684627.47    | 0.06%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160SG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066152.80   | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6000000 | OU      | $-29010.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JHJ8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126164.40   | 0.10%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                       | CUSIP: 646140JN4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5015000 | PA      | $5654535.37   | 0.48%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL                                                                                                                 | CUSIP: 59333FR36<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064136.60   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                     | AMERICAN MUNI PWR-OHIO INC OH REVENUE                                                                                              | CUSIP: 02765UUY8<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1182815.10   | 0.10%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Insurance Assistance Interlocal Agency Inc                               | FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY                                                                                        | CUSIP: 34074EAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1073740.78   | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mid-Bay Bridge Authority                                                         | FLORIDA ST MID-BAY BRIDGE AUTH                                                                                                     | CUSIP: 342814EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2208985.80   | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                        | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE                                                                          | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3416896.20   | 0.29%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TGM3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1638897.45   | 0.14%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield IL Electric Revenue                                          | SPRINGFIELD IL ELEC REVENUE                                                                                                        | CUSIP: 850578TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051363.00   | 0.18%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | SAINT CLOUD MN HLTH CARE REVENUE                                                                                                   | CUSIP: 78916VDK3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1229940.18   | 0.11%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 2025 Loan Holding - 1                                                            | 2025 LOAN HOLDING - 1                                                                                                              | CUSIP: 90223AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.21%             | 2026-05-01      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602RHH1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.03%             | 2033-01-01      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966SAA4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.26%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NORTHERN IL UNIV REVENUES                                                                                                          | CUSIP: 665245YH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $782953.46    | 0.07%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                     | BROWARD CNTY FL PORT FACS REVENUE                                                                                                  | CUSIP: 11506KFA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1594566.45   | 0.14%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                                                                                               | CUSIP: 67756CGL6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088625.10   | 0.09%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074683.20   | 0.09%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | WHITING IN ENVRNMNTL FACS REVENUE                                                                                                  | CUSIP: 96634RAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082646.50   | 0.09%             | 2044-06-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | ESSEX CNTY NJ IMPT AUTH                                                                                                            | CUSIP: 296807MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3002964.30   | 0.26%             | 2026-03-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063EPW0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50114.61     | 0.00%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 59333MQ65<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1345894.79   | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                       | CUSIP: 45204EM39<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   7080000 | PA      | $7080000.00   | 0.61%             | 2037-11-15      | Floating      | 1.85%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                                | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2130039.89   | 0.18%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400016.24    | 0.03%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                                                                                                    | CUSIP: 70914P4M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083869.80   | 0.18%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                                                                               | CUSIP: 6069014P8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2130000.00   | 0.18%             | 2035-10-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| City & County of Broomfield CO Sales & Use Tax Revenue                           | BROOMFIELD CO SALES & USE TAX REVENUE                                                                                              | CUSIP: 114760FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089985.80   | 0.18%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BTH1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030840.40   | 0.09%             | 2035-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XNL2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1406066.15   | 0.12%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                       | CUSIP: 04052FFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117760.50   | 0.10%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452153KQ1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2226775.60   | 0.19%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wolf Creek Infrastructure Financing District No 1                                | WOLF CREEK INFRASTRUCTURE FING DIST #1 UT SPL ASSMNT                                                                               | CUSIP: 977695AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039357.60   | 0.09%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                                                                                      | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089748.90   | 0.09%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine Wash Local District                                                    | GRAPEVINE WASH LOCAL DIST UT SPL ASSMNT                                                                                            | CUSIP: 38860FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001377.20   | 0.09%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                                                                                          | CUSIP: 66285WT97<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    600000 | PA      | $697494.96    | 0.06%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3062921.70   | 0.26%             | 2042-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Association of Governmental Organizations                         | SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS                                                                                 | CUSIP: 836895FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4510000.00   | 0.39%             | 2026-03-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                  | PORT OF OAKLAND CA                                                                                                                 | CUSIP: 735000TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1703971.55   | 0.15%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                        | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1628777.31   | 0.14%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97710BDK5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3665000.00   | 0.31%             | 2033-12-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                                                                            | CUSIP: 45203PAB0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522930.35   | 0.13%             | 2050-12-01      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                                                                                       | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3558742.60   | 0.30%             | 2034-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD                                                                                                        | CUSIP: 64763HMA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062600.10   | 0.09%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532CC6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2299715.40   | 0.20%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                               | CUSIP: 74526QYA4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1042681.25   | 0.09%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                     | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $541947.28    | 0.05%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                                                                                                    | CUSIP: 70914P5B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5156407.50   | 0.44%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                  | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002173.60   | 0.09%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Tonawanda City School District                                                   | TONAWANDA NY CITY SCH DIST                                                                                                         | CUSIP: 890176JR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004635.90   | 0.09%             | 2026-06-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2516765.75   | 0.22%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4303310.40   | 0.37%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA LIMITED OBLIG                                                                                                        | CUSIP: 82545PAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1415388.52   | 0.12%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1155178.80   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3808447.65   | 0.33%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinery Community Development District                                            | PINERY CDD FL CAPITAL IMPT REVENUE                                                                                                 | CUSIP: 72330HAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202847.20    | 0.02%             | 2036-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY SENIOR LIVING REVENUE                                                                                 | CUSIP: 57563WAA6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034117.70   | 0.09%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Central Brown County Water Authority                                             | CENTRL BROWN CNTY WI WTR AUTHWTR SYS REVENUE                                                                                       | CUSIP: 152708CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1184982.68   | 0.10%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                                   | CUSIP: 57582RKA3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1059726.26   | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2804824.55   | 0.24%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                                    | Lendbuzz Securitization Trust 2023-1                                                                                               | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193746 | PA      | $195944.99    | 0.02%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                           | Philip Morris International Inc                                                                                                    | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264122.50    | 0.02%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                            | HUNTSVILLE AL                                                                                                                      | CUSIP: 447025UQ8<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    470000 | PA      | $472236.26    | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461364M0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    255000 | PA      | $275461.66    | 0.02%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                           | ALLEGHENY CNTY PA                                                                                                                  | CUSIP: 01728VSM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033332.20   | 0.17%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092568.20   | 0.09%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD                                                                       | CUSIP: 592113CQ5<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069593.20   | 0.18%             | 2028-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                                                                                               | CUSIP: 650370DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1313012.14   | 0.11%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                                                                                                     | CUSIP: 91412HWB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5597803.00   | 0.48%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ Water & Sewer Revenue                                        | GLENDALE AZ WTR & SWR REVENUE                                                                                                      | CUSIP: 378352RD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009418.50   | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU                                                                       | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1733416.06   | 0.15%             | 2027-09-15      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GZA3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1437248.54   | 0.12%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 735240L92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1121395.44   | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                     | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2419902.04   | 0.21%             | 2053-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                                         | CUSIP: 64972JZA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2940238.25   | 0.25%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** AB Active ETFs, Inc.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller