# EDGAR Filing Document

**Accession Number:** 0000774013
**File Stem:** 0001752724-25-177785
**Filing Date:** 2025-7
**Character Count:** 84169
**Document Hash:** 48240126ba6c0b88e642d74db6133959
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177785.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177785

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MULTI STATE MUNICIPAL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000774013

**ORGANIZATION NAME:**
- **EIN:** 226437104
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04375
- **FILM NUMBER:** 251149350

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH MULTI STATE MUNICIPAL SERIES TRUST
- **DATE OF NAME CHANGE:** 20051212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH N Y MUNI BD FD OF M L MULTI ST MUNI SER TRUST
- **DATE OF NAME CHANGE:** 19930225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH MULTI STATE TAX EXEMPT SERIES TRUST
- **DATE OF NAME CHANGE:** 19871206

## Series and Classes Contracts Data

### BlackRock New Jersey Municipal Bond Fund (Series ID: S000004033)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000011309 | Investor A1   |  |
| C000011312 | Institutional |  |
| C000038245 | Investor A    |  |
| C000038247 | Investor C    |  |
| C000038248 | Service       |  |
| C000199769 | Class K       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Multi State Municipal Series Trust

- **b. Investment Company Act file number:** 811-04375

- **c. CIK number of Registrant:** 0000774013

- **d. LEI of Registrant:** 549300FRPGSGLXTBXJ40

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

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock New Jersey Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000004033

- **c. LEI of Series:** XY220ROVL0NN4IRP9L80

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $284560622.64

**Total Liabilities:** $6240590.98

**Net Assets:** $278320031.66

**Delayed Delivery Securities:** $1425205.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 737.83000000 | **1-Year:** 8831.36000000 | **5-Year:** 30617.19000000 | **10-Year:** 104992.82000000 | **30-Year:** 54936.90000000

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

- **3-Month:** 78.10000000 | **1-Year:** 81.10000000 | **5-Year:** 3321.93000000 | **10-Year:** 5195.65000000 | **30-Year:** 17317.78000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038245 | -1.76%               | -1.00%               | -0.01%               |
| Class ID C000011312 | -1.74%               | -0.98%               | 0.01%                |
| Class ID C000199769 | -1.74%               | -0.98%               | -0.08%               |
| Class ID C000038247 | -1.83%               | -1.06%               | -0.17%               |
| Class ID C000038248 | -1.76%               | -1.00%               | -0.01%               |
| Class ID C000011309 | -1.84%               | -0.99%               | 0.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-460576.36              | $-5737766.24                               |
| Month 2  | $-517898.95              | $-3264408.23                               |
| Month 3  | $-142864.64              | $-836817.70                                |

**Designated Index Information**

- **Index Name:** 90% Bloomberg Municipal Bond: New Jersey Exempt Total Return Index Unhedged USD/10% New Jersey Bloomberg Municipal Bond: High Yield (non-Investment Grade) Total Return Index

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                     | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Jersey Health Care Facilities Financing Authority    | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 64579F5M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285295.93    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XHF2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1903130.31   | 0.68%             | 2052-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 733580S88<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000901.49   | 0.36%             | 2094-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue   | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    567000 | PA      | $178878.29    | 0.06%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CBE7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1320073.89   | 0.47%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lenape Regional High School District                     | LENAPE NJ REGL HIGH SCH DIST                                 | CUSIP: 525876XL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3021396.94   | 1.09%             | 2039-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CDQ8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1431868.41   | 0.51%             | 2044-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080YB1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $989128.71    | 0.36%             | 2045-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc            | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RCN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203618.03    | 0.07%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080TW1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    700000 | PA      | $578475.30    | 0.21%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp                                   | SOUTH JERSEY NJ PORT CORP                                    | CUSIP: 838530RG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2359124.88   | 0.85%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                       | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    980000 | PA      | $990206.22    | 0.36%             | 2055-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Monroe NJ/Middlesex County                   | MONROE TWP NJ MIDDLESEX CNTY                                 | CUSIP: 611312MV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $359455.09    | 0.13%             | 2038-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    905000 | PA      | $905345.71    | 0.33%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                 | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396KG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    215000 | PA      | $185125.18    | 0.07%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108L65<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    240000 | PA      | $167193.95    | 0.06%             | 2045-11-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority                      | HUDSON CNTY NJ IMPT AUTH LEASE REVENUE                       | CUSIP: 443730MG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1437855.03   | 0.52%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ewing Township Board of Education                        | EWING TWP NJ SCH DIST                                        | CUSIP: 300569HU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $918872.39    | 0.33%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5Y6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $448627.78    | 0.16%             | 2049-01-01      | 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: 645790QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9155000 | PA      | $6575136.38   | 2.36%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108T75<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    350000 | PA      | $245731.34    | 0.09%             | 2046-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH ECON DEV REVENUE                 | CUSIP: 64577HMG3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1401421 | PA      | $1433727.90   | 0.52%             | 2028-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFL7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    105000 | PA      | $119355.01    | 0.04%             | 2046-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5507323.50   | 1.98%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108T83<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    350000 | PA      | $233599.63    | 0.08%             | 2051-11-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367J4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2170155.96   | 0.78%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912DX1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    470000 | PA      | $455424.99    | 0.16%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461085P1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    250000 | PA      | $235748.56    | 0.08%             | 2060-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 645779CG2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5670000 | PA      | $4456267.38   | 1.60%             | 2041-08-01      | Fixed         | 3.00%                 | 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        |    725000 | PA      | $731973.16    | 0.26%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CGK8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6957778.63   | 2.50%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission              | DELAWARE RIVER PA JT TOLL BRIDGE COMMISSION                  | CUSIP: 246343LL9<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1478775.84   | 0.53%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912EW2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    210000 | PA      | $217405.76    | 0.08%             | 2038-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority    | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790UR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $925134.84    | 0.33%             | 2054-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF CONDUIT REVENUE          | CUSIP: 646127FN5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    345000 | PA      | $349184.47    | 0.13%             | 2065-12-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue   | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1714736.19   | 0.62%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613AEZ1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    680000 | PA      | $441276.48    | 0.16%             | 2046-10-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CCV8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051743.62   | 0.38%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                              | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1043523 | PA      | $1120147.33   | 0.40%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080XK2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    425000 | PA      | $402506.08    | 0.14%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority/The                 | PASSAIC CNTY NJ IMPT AUTH CHRT SCH REVENUE                   | CUSIP: 70275QAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $179633.21    | 0.06%             | 2060-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365W7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    550000 | PA      | $575581.68    | 0.21%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                       | ESSEX CNTY NJ IMPT AUTH                                      | CUSIP: 296809TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7695000 | PA      | $6930518.37   | 2.49%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461085N6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    430000 | PA      | $406609.11    | 0.15%             | 2055-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912DM5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    430000 | PA      | $430065.71    | 0.15%             | 2044-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority              | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067GY8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   8130000 | PA      | $8573246.62   | 3.08%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 6459182F9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000026.63   | 0.36%             | 2042-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080WP2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    740000 | PA      | $716668.65    | 0.26%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W5S9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    525000 | PA      | $448507.82    | 0.16%             | 2045-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080XL0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    265000 | PA      | $237663.61    | 0.09%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365Q0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $868179.32    | 0.31%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Monmouth Regional High School District                   | MONMOUTH NJ REGL HIGH SCH DIST                               | CUSIP: 609677DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1185319.11   | 0.43%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority              | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066NQ9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    715000 | PA      | $684761.69    | 0.25%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XEH5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1960333.32   | 0.70%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                            | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140FZ1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    635000 | PA      | $654323.28    | 0.24%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Union County Utilities Authority                         | UNION CNTY NJ UTILITIES AUTH RESOURCE RECOVERY FAC LEASE REV | CUSIP: 906363AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5805000 | PA      | $5832893.43   | 2.10%             | 2031-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W5T7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1129885.83   | 0.41%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613ACU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    680000 | PA      | $504236.46    | 0.18%             | 2040-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B4K7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2788677.28   | 1.00%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912DY9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    815000 | PA      | $726283.31    | 0.26%             | 2047-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                       | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KGX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2186148.97   | 0.79%             | 2050-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hoboken NJ                                       | HOBOKEN NJ                                                   | CUSIP: 434110XP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517331.88   | 0.90%             | 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        |   2110000 | PA      | $2222818.49   | 0.80%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461368A2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1665268.49   | 0.60%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108WE6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    310000 | PA      | $305790.38    | 0.11%             | 2037-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WP32<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1980075.83   | 0.71%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH ECON DEV REVENUE                 | CUSIP: 64577HMN8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1229831.53   | 0.44%             | 2031-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367K1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517369.08   | 0.90%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue   | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1518000 | PA      | $1366361.44   | 0.49%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                            | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140FX6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2875800.68   | 1.03%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                            | DELAWARE RIVER PORT AUTH PA & NJ                             | CUSIP: 246352GF9<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501448.37   | 0.54%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority              | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067FW3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    655000 | PA      | $667021.84    | 0.24%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 645779CC1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1215035.37   | 0.44%             | 2038-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                      | NEW JERSEY ST                                                | CUSIP: 646039ZJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1456296.70   | 0.52%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5W0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    270000 | PA      | $274468.23    | 0.10%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108L73<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    220000 | PA      | $142961.43    | 0.05%             | 2050-11-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority    | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2314481.70   | 0.83%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461085L0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    215000 | PA      | $211053.93    | 0.08%             | 2045-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362E0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267094.99   | 0.46%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Infrastructure Bank                           | NEW JERSEY INFRASTRUCTURE BANK                               | CUSIP: 64580CJW8<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |    240000 | PA      | $149952.28    | 0.05%             | 2043-09-01      | Fixed         | 2.00%                 | 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        |    125000 | PA      | $125653.07    | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461084J6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    130000 | PA      | $125092.79    | 0.04%             | 2050-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                            | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140DK6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1336420.43   | 0.48%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XAX0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1489172.76   | 0.54%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2248272.20   | 0.81%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                            | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140DJ9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929111.02    | 0.33%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080UP4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $787718.19    | 0.28%             | 2049-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613AEY4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    910000 | PA      | $641161.07    | 0.23%             | 2041-10-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461363Q2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2765433.02   | 0.99%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 6459182B8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001000.90   | 0.36%             | 2039-01-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912EH5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    200000 | PA      | $176471.68    | 0.06%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366Z9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1397361.80   | 0.50%             | 2036-06-15      | Fixed         | 4.00%                 | 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        |    900000 | PA      | $899141.70    | 0.32%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108T59<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    350000 | PA      | $287097.73    | 0.10%             | 2036-11-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8900000 | PA      | $5781874.50   | 2.08%             | 2035-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7S7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1018080.45   | 0.37%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc            | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $184479.07    | 0.07%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc            | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RBR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108269.35    | 0.04%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                        | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1728577.62   | 0.62%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                        | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5205000 | PA      | $5021603.49   | 1.80%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Board Of Education                               | CLIFTON NJ BRD OF EDU                                        | CUSIP: 187099JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1117078.58   | 0.40%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XAW2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    725000 | PA      | $653675.35    | 0.23%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7T5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    700000 | PA      | $697120.31    | 0.25%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 645779CF4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $4240118.40   | 1.52%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority    | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790UQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1371739.12   | 0.49%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority    | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912572.63    | 0.33%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 645779CB3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    720000 | PA      | $597709.97    | 0.21%             | 2042-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912FL5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2189001.51   | 0.79%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH CHARTER SCH LEASE REV            | CUSIP: 64578QAC4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $924951.69    | 0.33%             | 2054-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5X8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    520000 | PA      | $517768.96    | 0.19%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission              | DELAWARE RIVER PA JT TOLL BRIDGE COMMISSION                  | CUSIP: 246343LJ4<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1142379.38   | 0.41%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                            | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140EB5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981579.97    | 0.35%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue   | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4638094.70   | 1.67%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                            | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139ZW8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4051628.12   | 1.46%             | 2026-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                          | GARDEN ST PRESERVATION TRUST NJ OPEN SPACE & FARMLAND PRESER | CUSIP: 365418BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4135000 | PA      | $3838201.32   | 1.38%             | 2027-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613AAB8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    900000 | PA      | $865929.89    | 0.31%             | 2035-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                    | NEW JERSEY INSTITUTE OF TECHNOLOGY                           | CUSIP: 64579REE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $825099.76    | 0.30%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $512774.49    | 0.18%             | 2039-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    510000 | PA      | $510177.97    | 0.18%             | 2030-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CBF4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    700000 | PA      | $680003.65    | 0.24%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   7501680 | NS      | $7502430.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XEE2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003614.58   | 0.36%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912ED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903912.51    | 0.32%             | 2052-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461084L1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    215000 | PA      | $202289.18    | 0.07%             | 2060-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XEG7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2186163.67   | 0.79%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461084H0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    105000 | PA      | $101434.75    | 0.04%             | 2045-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108YE4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $86047.01     | 0.03%             | 2053-11-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue   | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6099000 | PA      | $1919549.74   | 0.69%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080YC9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    475000 | PA      | $445564.04    | 0.16%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y54<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963756.33    | 0.35%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                    | NEW JERSEY INSTITUTE OF TECHNOLOGY                           | CUSIP: 64579RBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5006929.40   | 1.80%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B4L5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    690000 | PA      | $695051.35    | 0.25%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461084K3<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    300000 | PA      | $283183.66    | 0.10%             | 2055-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Township of Monroe NJ/Middlesex County                   | MONROE TWP NJ MIDDLESEX CNTY                                 | CUSIP: 611312MU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $345595.78    | 0.12%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                 | CUSIP: 645780FL6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3880000 | PA      | $3453570.93   | 1.24%             | 2039-10-01      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5219860.52   | 1.88%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                    | S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 838536MQ0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306308.99    | 0.11%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                 | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PF59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029375.99   | 0.37%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority/The                  | CAMDEN CNTY NJ IMPT AUTH SCH REVENUE                         | CUSIP: 13281PAC1<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    220000 | PA      | $226798.66    | 0.08%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority              | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 6460667A2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    290000 | PA      | $219820.28    | 0.08%             | 2049-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Carlstadt School District                                | CARLSTADT NJ SCH DIST                                        | CUSIP: 142843CW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1415851.99   | 0.51%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority/The                 | PASSAIC CNTY NJ IMPT AUTH CHRT SCH REVENUE                   | CUSIP: 70275QAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $273407.52    | 0.10%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W3S1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    495000 | PA      | $512013.36    | 0.18%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                | ATLANTIC CNTY NJ IMPT AUTH LEASE REVENUE                     | CUSIP: 048501HV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1150630.09   | 0.41%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                        | NEWARK NJ                                                    | CUSIP: 650367MP7<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |    885000 | PA      | $889213.73    | 0.32%             | 2036-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461085M8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    205000 | PA      | $196031.63    | 0.07%             | 2050-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XHZ8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    330000 | PA      | $340983.67    | 0.12%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365M9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2047546.60   | 0.74%             | 2044-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912DW3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105198.04    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912EV4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101760.07    | 0.04%             | 2029-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Middlesex County Improvement Authority                   | MIDDLESEX CNTY NJ IMPT AUTH LEASE REVENUE                    | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |    625000 | PA      | $639986.99    | 0.23%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912EC6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    315000 | PA      | $313585.87    | 0.11%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5G5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    735000 | PA      | $727540.76    | 0.26%             | 2048-06-15      | 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: 645790LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2998038.24   | 1.08%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority              | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066SJ0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2498583.06   | 0.90%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                        | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001993.56   | 0.36%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613AJN3<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    570000 | PA      | $554376.97    | 0.20%             | 2050-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W3P7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054430.85   | 0.38%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7525730.90   | 2.70%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of East Orange NJ                                   | EAST ORANGE NJ                                               | CUSIP: 274137S41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2096552.39   | 0.75%             | 2031-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF CONDUIT REVENUE          | CUSIP: 646127FS4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    420000 | PA      | $418570.00    | 0.15%             | 2041-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFM5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    105000 | PA      | $108612.98    | 0.04%             | 2046-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE      | CUSIP: 64578JBF2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    705000 | PA      | $689489.81    | 0.25%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc            | CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REVENUE           | CUSIP: 14760RBQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311511.18    | 0.11%             | 2041-11-01      | 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: 64579F8L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012645.72   | 0.36%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Board Of Education                               | CLIFTON NJ BRD OF EDU                                        | CUSIP: 187099JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1040596.42   | 0.37%             | 2041-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                 | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PF67<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027365.19   | 0.37%             | 2049-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912FX9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    135000 | PA      | $126876.94    | 0.05%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bergen NJ                                      | BERGEN CNTY NJ                                               | CUSIP: 083763TY8<br>LEI: 549300SC7R4EFIYK0S67 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $932711.71    | 0.34%             | 2038-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency             | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 646108YD6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    150000 | PA      | $131270.83    | 0.05%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank    | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    875000 | PA      | $844403.64    | 0.30%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EKA4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4013961.80   | 1.44%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                       | ESSEX CNTY NJ IMPT AUTH                                      | CUSIP: 296809RL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1658606.54   | 0.60%             | 2029-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BG57<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    265000 | PA      | $238829.17    | 0.09%             | 2050-01-01      | 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: 645790PC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $2223712.22   | 0.80%             | 2046-07-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912EX0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1231537.89   | 0.44%             | 2052-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority/The              | GLOUCESTER CNTY NJ IMPT AUTH                                 | CUSIP: 37970PGR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $518118.67    | 0.19%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080WQ0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1016429.26   | 0.37%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County Utilities Authority                         | UNION CNTY NJ UTILITIES AUTH RESOURCE RECOVERY FAC LEASE REV | CUSIP: 906363AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1181513.26   | 0.42%             | 2031-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                            | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140GB3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564325.64   | 0.56%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                  | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W3R3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1557434.65   | 0.56%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Housing Authority                                 | NEWARK NJ HSG AUTH CAPITAL FUND PROGRAM REVENUE              | CUSIP: 650359AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2515588.69   | 0.90%             | 2033-12-01      | Fixed         | 4.38%                 | 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        |   5000000 | PA      | $4967984.00   | 1.78%             | 2034-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912DL7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250136.17    | 0.09%             | 2034-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                      | NEW JERSEY ST                                                | CUSIP: 646039ZK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2097998.96   | 0.75%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ewing Township Board of Education                        | EWING TWP NJ SCH DIST                                        | CUSIP: 300569HV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $726095.02    | 0.26%             | 2039-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority    | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790KC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5088704.30   | 1.83%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority           | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CCF3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    210000 | PA      | $215428.90    | 0.08%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080YX3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1431804.31   | 0.51%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Newark Housing Authority                                 | NEWARK NJ HSG AUTH CAPITAL FUND PROGRAM REVENUE              | CUSIP: 650359AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1641827.67   | 0.59%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** BlackRock Multi State Municipal Series Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer