# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0000894189-26-002743
**Filing Date:** 2026-1
**Character Count:** 128137
**Document Hash:** dc6cf8a3ede151ec1a9a6c928a3968cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002743.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000894189-26-002743

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUST FOR PROFESSIONAL MANAGERS
- **CENTRAL INDEX KEY:** 0001141819

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 26575134

**BUSINESS ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4147655067

**MAIL ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZODIAC TRUST
- **DATE OF NAME CHANGE:** 20010601

## Series and Classes Contracts Data

### Performance Trust Municipal Bond Fund (Series ID: S000033197)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000102162 | Performance Trust Municipal Bond Fund - Institutional Class | PTIMX           |
| C000102163 | Performance Trust Municipal Bond Fund - Class A             | PTRMX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Performance Trust Municipal Bond Fund** | **Performance Trust Municipal Bond Fund** | **Performance Trust Municipal Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **MUNICIPAL BONDS - 86.9%** | **Par** | **Value**  |
| **Alabama - 2.4%** | **Alabama - 2.4%** | **Alabama - 2.4%** |
|  Alabama Federal Aid Highway Finance Authority, 5.00%, 03/01/2045 | $1860000 | $2000470 |
|  Black Belt Energy Gas District, 5.50%, 10/01/2054 <sup>(a)</sup> | 3120000 | 3448427 |
|  County of Jefferson, AL Sewer Revenue, 5.25%, 10/01/2043 | 4000000 | 4274317 |
|  Southeast Energy Authority A Cooperative District, 5.00%, 05/01/2055 <sup>(a)</sup> | 5775000 | 6202501 |
|  |  | 15925715 |
| **Alaska - 0.1%** | **Alaska - 0.1%** | **Alaska - 0.1%** |
| Alaska Railroad Corp. | Alaska Railroad Corp. | Alaska Railroad Corp. |
| &nbsp;&nbsp; 5.50%, 10/01/2028 <sup>(b)</sup> | 215000 | 225390 |
| &nbsp;&nbsp; 5.50%, 10/01/2029 <sup>(b)</sup> | 285000 | 302861 |
|  |  | 528251 |
| **Arizona - 0.7%** | **Arizona - 0.7%** | **Arizona - 0.7%** |
|  Industrial Development Authority of the City of Phoenix, Arizona, 4.00%, 07/01/2026 <sup>(c)</sup> | 650000 | 651698 |
|  State of Arizona Distribution Revenue, 5.50%, 07/01/2042 | 1545000 | 1850312 |
|  Tempe Industrial Development Authority, 3.50%, 12/01/2030 | 2000000 | 1990835 |
|  |  | 4492845 |
| **California - 12.2%** | **California - 12.2%** | **California - 12.2%** |
|  Acton-Agua Dulce Unified School District, 0.00%, 05/01/2039 <sup>(d)</sup> | 2000000 | 1181230 |
|  Baldwin Park Unified School District, 0.00%, 08/01/2037 <sup>(d)</sup> | 1000000 | 660651 |
|  Belmont-Redwood Shores School District, 0.00%, 08/01/2039 <sup>(d)</sup> | 4000000 | 2376771 |
|  California Municipal Finance Authority, 4.00%, 12/01/2026 <sup>(c)</sup> | 965000 | 958080 |
|  Campbell Union School District, 0.00%, 08/01/2039 <sup>(d)</sup> | 4700000 | 2862295 |
|  City of San Diego, CA Tobacco Settlement Revenue Funding Corp., 4.00%, 06/01/2032 | 555000 | 560792 |
|  Coachella Valley Unified School District, 0.00%, 08/01/2043 <sup>(d)</sup> | 1015000 | 473928 |
|  Fowler Unified School District, 5.50%, 08/01/2053 | 4945000 | 5370547 |
| Hope Elementary School District | Hope Elementary School District | Hope Elementary School District |
| &nbsp;&nbsp; 0.00%, 08/01/2036 <sup>(d)</sup> | 500000 | 350540 |
| &nbsp;&nbsp; 0.00%, 08/01/2037 <sup>(d)</sup> | 540000 | 360865 |
| &nbsp;&nbsp; 0.00%, 08/01/2038 <sup>(d)</sup> | 550000 | 350223 |
| &nbsp;&nbsp; 0.00%, 08/01/2040 <sup>(d)</sup> | 1085000 | 621969 |
|  Inland Empire Tobacco Securitization Corp., 3.68%, 06/01/2038 | 5325000 | 5163073 |
| Lakeside Union School District | Lakeside Union School District | Lakeside Union School District |
| &nbsp;&nbsp; 0.00%, 08/01/2038 <sup>(d)</sup> | 4035000 | 2604782 |
| &nbsp;&nbsp; 0.00%, 08/01/2039 <sup>(d)</sup> | 4375000 | 2685915 |
|  Lemon Grove School District, 0.00%, 08/01/2039 <sup>(d)</sup> | 1020000 | 620346 |
| Manhattan Beach Unified School District | Manhattan Beach Unified School District | Manhattan Beach Unified School District |
| &nbsp;&nbsp; 0.00%, 09/01/2040 <sup>(d)</sup> | 2085000 | 1222956 |
| &nbsp;&nbsp; 0.00%, 09/01/2041 <sup>(d)</sup> | 1295000 | 718502 |
|  Millbrae School District, 0.00%, 07/01/2039 <sup>(d)</sup> | 1735000 | 1075513 |
|  Mount San Antonio Community College District, 0.00%, 08/01/2043 <sup>(d)</sup> | 1605000 | 1630636 |
|  Oceanside Unified School District, 0.00%, 08/01/2039 <sup>(d)</sup> | 535000 | 323636 |
| Pittsburg Unified School District Financing Authority | Pittsburg Unified School District Financing Authority | Pittsburg Unified School District Financing Authority |
| &nbsp;&nbsp; 0.00%, 09/01/2041 <sup>(d)</sup> | 3095000 | 1654688 |
| &nbsp;&nbsp; 0.00%, 09/01/2042 <sup>(d)</sup> | 1940000 | 969626 |
|  Placentia-Yorba Linda Unified School District, 0.00%, 08/01/2041 <sup>(d)</sup> | 5325000 | 2936794 |
| Poway Unified School District | Poway Unified School District | Poway Unified School District |
| &nbsp;&nbsp; 0.00%, 08/01/2040 <sup>(d)</sup> | 4955000 | 2895473 |
| &nbsp;&nbsp; 0.00%, 08/01/2046 <sup>(d)</sup> | 12165000 | 4864417 |
|  Rowland Unified School District, 0.00%, 08/01/2041 <sup>(d)</sup> | 5145000 | 2855025 |
|  San Bernardino Community College District, 0.00%, 08/01/2044 <sup>(d)</sup> | 12665000 | 5540915 |
| San Diego Community College District | San Diego Community College District | San Diego Community College District |
| &nbsp;&nbsp; 0.00%, 08/01/2039 <sup>(d)</sup> | 8525000 | 5254819 |
| &nbsp;&nbsp; 0.00%, 08/01/2041 <sup>(d)</sup> | 1860000 | 1028969 |
|  San Diego County Regional Airport Authority, 5.25%, 07/01/2037 <sup>(b)</sup> | 2250000 | 2600393 |
| San Diego Unified School District | San Diego Unified School District | San Diego Unified School District |
| &nbsp;&nbsp; 0.00%, 07/01/2040 <sup>(d)</sup> | 7780000 | 4521167 |
| &nbsp;&nbsp; 0.00%, 07/01/2041 <sup>(d)</sup> | 11400000 | 8068309 |
| &nbsp;&nbsp; 0.00%, 07/01/2043 <sup>(d)</sup> | 4460000 | 2164396 |
|  San Diego Unified School District/CA, 0.00%, 07/01/2045 <sup>(d)</sup> | 2995000 | 1298421 |
|  Santa Barbara Secondary High School District, 0.00%, 08/01/2040 <sup>(d)</sup> | 6380000 | 3512786 |
|  |  | 82339448 |
| **Colorado - 5.8%** | **Colorado - 5.8%** | **Colorado - 5.8%** |
| Adams & Arapahoe Joint School District 28J Aurora | Adams & Arapahoe Joint School District 28J Aurora | Adams & Arapahoe Joint School District 28J Aurora |
| &nbsp;&nbsp; 5.50%, 12/01/2042 | 3305000 | 3815372 |
| &nbsp;&nbsp; 5.50%, 12/01/2043 | 3375000 | 3850315 |
| City & County of Denver, CO Airport System Revenue | City & County of Denver, CO Airport System Revenue | City & County of Denver, CO Airport System Revenue |
| &nbsp;&nbsp; 5.75%, 11/15/2036 <sup>(b)</sup> | 6685000 | 8162386 |
| &nbsp;&nbsp; 5.75%, 11/15/2041 <sup>(b)</sup> | 6100000 | 6755599 |
|  City of Fruita, CO Healthcare Revenue, 5.00%, 01/01/2028 | 440000 | 437268 |
|  Denver City & County School District No. 1, 5.50%, 12/01/2044 | 13000000 | 14611516 |
|  Durango School District No. 9-R, 5.25%, 11/01/2044 | 1245000 | 1360059 |
|  |  | 38992515 |
| **Connecticut - 0.3%** | **Connecticut - 0.3%** | **Connecticut - 0.3%** |
|  Connecticut State Health & Educational Facilities Authority, 12.00%, 09/01/2030 <sup>(c)</sup> | 570000 | 627550 |
|  State of Connecticut, 5.00%, 03/15/2043 | 1600000 | 1749727 |
|  |  | 2377277 |
| **District of Columbia - 1.6%** | **District of Columbia - 1.6%** | **District of Columbia - 1.6%** |
|  District of Columbia, 5.50%, 07/01/2047 | 6080000 | 6562892 |
|  Metropolitan Washington Airports Authority Aviation Revenue, 5.50%, 10/01/2043 <sup>(b)</sup> | 3750000 | 4153702 |
|  |  | 10716594 |
| **Florida - 6.9%** | **Florida - 6.9%** | **Florida - 6.9%** |
| Bay County School Board | Bay County School Board | Bay County School Board |
| &nbsp;&nbsp; 5.50%, 07/01/2041 | 1575000 | 1722948 |
| &nbsp;&nbsp; 5.50%, 07/01/2042 | 1325000 | 1441114 |
|  City of Fort Lauderdale, FL Water & Sewer Revenue, 5.50%, 09/01/2048 | 4115000 | 4501294 |
|  City of Fort Myers, FL Utility System Revenue, 5.50%, 10/01/2049 | 5000000 | 5457078 |
|  City of Miami, FL, 5.50%, 01/01/2049 | 8000000 | 8670512 |
|  City of Venice, FL, 4.25%, 01/01/2030 <sup>(c)</sup> | 850000 | 851632 |
|  County of Lee, FL Airport Revenue, 5.25%, 10/01/2043 <sup>(b)</sup> | 2725000 | 2912508 |
| County of Miami-Dade, FL | County of Miami-Dade, FL | County of Miami-Dade, FL |
| &nbsp;&nbsp; 0.00%, 10/01/2040 <sup>(d)</sup> | 5000000 | 2751774 |
| &nbsp;&nbsp; 0.00%, 10/01/2041 <sup>(d)</sup> | 2405000 | 1249951 |
| &nbsp;&nbsp; 0.00%, 10/01/2042 <sup>(d)</sup> | 2200000 | 1076122 |
| &nbsp;&nbsp; 0.00%, 10/01/2045 <sup>(d)</sup> | 4500000 | 1911535 |
| Greater Orlando Aviation Authority | Greater Orlando Aviation Authority | Greater Orlando Aviation Authority |
| &nbsp;&nbsp; 5.25%, 10/01/2042 <sup>(b)</sup> | 8390000 | 9083297 |
| &nbsp;&nbsp; 5.25%, 10/01/2044 <sup>(b)</sup> | 3000000 | 3194577 |
|  Lee County Industrial Development Authority, 4.13%, 11/15/2029 | 2050000 | 2059497 |
|  |  | 46883839 |
| **Georgia - 1.3%** | **Georgia - 1.3%** | **Georgia - 1.3%** |
|  City of Conyers, GA, 4.30%, 03/01/2031 | 1080000 | 1042433 |
| Commerce School District | Commerce School District | Commerce School District |
| &nbsp;&nbsp; 6.00%, 08/01/2043 | 400000 | 467281 |
| &nbsp;&nbsp; 6.00%, 08/01/2044 | 500000 | 579633 |
|  Main Street Natural Gas, Inc., 5.00%, 05/01/2054 <sup>(a)</sup> | 6000000 | 6461273 |
|  |  | 8550620 |
| **Illinois - 3.8%** | **Illinois - 3.8%** | **Illinois - 3.8%** |
|  Chicago O'Hare International Airport, 5.50%, 01/01/2044 <sup>(b)</sup> | 7250000 | 7768576 |
|  City of Joliet IL, 5.50%, 12/15/2044 | 2725000 | 2937181 |
|  City of Joliet, IL, 5.50%, 12/15/2042 | 5100000 | 5568341 |
| Illinois State Toll Highway Authority | Illinois State Toll Highway Authority | Illinois State Toll Highway Authority |
| &nbsp;&nbsp; 5.00%, 01/01/2044 | 3000000 | 3212859 |
| &nbsp;&nbsp; 5.00%, 01/01/2045 | 2000000 | 2129329 |
|  Will County School District No. 114 Manhattan, 5.50%, 01/01/2045 | 3765000 | 4085379 |
|  |  | 25701665 |
| **Indiana - 9.4%** | **Indiana - 9.4%** | **Indiana - 9.4%** |
| Avon Community School Building Corp. | Avon Community School Building Corp. | Avon Community School Building Corp. |
| &nbsp;&nbsp; 5.50%, 07/15/2040 | 2505000 | 2809618 |
| &nbsp;&nbsp; 5.50%, 07/15/2041 | 2715000 | 3020426 |
| &nbsp;&nbsp; 5.50%, 01/15/2043 | 4745000 | 5190663 |
|  Clark-Pleasant Community School Building Corp., 5.25%, 01/15/2042 | 2600000 | 2819450 |
| Fishers Town Hall Building Corp. | Fishers Town Hall Building Corp. | Fishers Town Hall Building Corp. |
| &nbsp;&nbsp; 5.50%, 07/15/2038 | 1055000 | 1215207 |
| &nbsp;&nbsp; 5.50%, 07/15/2039 | 715000 | 819105 |
| &nbsp;&nbsp; 5.50%, 07/15/2040 | 1500000 | 1702857 |
| &nbsp;&nbsp; 5.50%, 07/15/2043 | 2000000 | 2226078 |
| Greater Clark Building Corp. | Greater Clark Building Corp. | Greater Clark Building Corp. |
| &nbsp;&nbsp; 6.00%, 07/15/2038 | 6205000 | 7178646 |
| &nbsp;&nbsp; 6.00%, 01/15/2042 | 5675000 | 6352575 |
| &nbsp;&nbsp; 6.00%, 01/15/2043 | 1185000 | 1335638 |
|  Indiana Finance Authority, 3.75%, 05/15/2032 | 1000000 | 1001763 |
|  Indianapolis Local Public Improvement Bond Bank, 6.00%, 02/01/2048 | 10975000 | 12286459 |
|  IPS Multi-School Building Corp., 5.50%, 07/15/2042 | 1515000 | 1664530 |
|  Lake Ridge Multi-School Building Corp., 5.50%, 07/15/2040 | 1830000 | 2031938 |
| Noblesville High School Building Corp. | Noblesville High School Building Corp. | Noblesville High School Building Corp. |
| &nbsp;&nbsp; 6.00%, 07/15/2038 | 410000 | 485306 |
| &nbsp;&nbsp; 6.00%, 07/15/2040 | 1235000 | 1437533 |
| &nbsp;&nbsp; 6.00%, 01/15/2043 | 1215000 | 1380541 |
| Tippecanoe County School Building Corp. | Tippecanoe County School Building Corp. | Tippecanoe County School Building Corp. |
| &nbsp;&nbsp; 6.00%, 07/15/2041 | 1305000 | 1511498 |
| &nbsp;&nbsp; 6.00%, 01/15/2042 | 1590000 | 1797640 |
|  Tri-Creek High School Building Corp., 5.50%, 07/15/2040 | 4345000 | 4854990 |
|  |  | 63122461 |
| **Kansas - 1.9%** | **Kansas - 1.9%** | **Kansas - 1.9%** |
|  Johnson & Miami Counties Unified School District No 230 Spring Hills, 6.00%, 09/01/2044 | 850000 | 979645 |
| Johnson & Miami Counties Unified School District No. 230 Spring Hills | Johnson & Miami Counties Unified School District No. 230 Spring Hills | Johnson & Miami Counties Unified School District No. 230 Spring Hills |
| &nbsp;&nbsp; 6.00%, 09/01/2042 | 1650000 | 1932553 |
| &nbsp;&nbsp; 6.00%, 09/01/2043 | 1600000 | 1855523 |
|  State of Kansas Department of Transportation, 5.00%, 09/01/2043 | 7325000 | 7976325 |
|  |  | 12744046 |
| **Kentucky - 1.8%** | **Kentucky - 1.8%** | **Kentucky - 1.8%** |
|  County of Trimble, KY, 1.30%, 09/01/2044 <sup>(a)(b)</sup> | 3500000 | 3323986 |
|  Kentucky Economic Development Finance Authority, 5.00%, 05/15/2026 | 220000 | 219630 |
| Kentucky State Property & Building Commission | Kentucky State Property & Building Commission | Kentucky State Property & Building Commission |
| &nbsp;&nbsp; 5.50%, 11/01/2041 | 2735000 | 3092952 |
| &nbsp;&nbsp; 5.50%, 11/01/2042 | 2640000 | 2966970 |
| &nbsp;&nbsp; 5.00%, 09/01/2044 | 2085000 | 2257680 |
|  |  | 11861218 |
| **Maryland - 0.9%** | **Maryland - 0.9%** | **Maryland - 0.9%** |
|  Maryland Stadium Authority, 5.00%, 05/01/2050 | 5775000 | 6272732 |
| **Massachusetts - 1.6%** | **Massachusetts - 1.6%** | **Massachusetts - 1.6%** |
|  Commonwealth of Massachusetts, 5.00%, 12/01/2043 | 10000000 | 10895982 |
| **Michigan - 0.7%** | **Michigan - 0.7%** | **Michigan - 0.7%** |
|  Michigan Finance Authority, 3.27%, 06/01/2039 | 5295000 | 5064726 |
| **Missouri - 4.8%** | **Missouri - 4.8%** | **Missouri - 4.8%** |
|  Jackson County Reorganized School District No 7/MO, 6.00%, 03/01/2043 | 1500000 | 1739449 |
|  Jackson County Reorganized School District No. 7/MO, 6.00%, 03/01/2042 | 3910000 | 4577505 |
| Jackson County School District No. R-IV Blue Springs | Jackson County School District No. R-IV Blue Springs | Jackson County School District No. R-IV Blue Springs |
| &nbsp;&nbsp; 5.50%, 03/01/2042 | 3320000 | 3755369 |
| &nbsp;&nbsp; 5.50%, 03/01/2044 | 2690000 | 3000314 |
|  Lindbergh School District, 5.50%, 03/01/2042 | 5000000 | 5664280 |
| Platte County R-III School District | Platte County R-III School District | Platte County R-III School District |
| &nbsp;&nbsp; 6.25%, 03/01/2043 | 2145000 | 2517753 |
| &nbsp;&nbsp; 6.25%, 03/01/2044 | 2675000 | 3119069 |
| &nbsp;&nbsp; 6.25%, 03/01/2045 | 2500000 | 2905164 |
| Republic School District No. R-3 | Republic School District No. R-3 | Republic School District No. R-3 |
| &nbsp;&nbsp; 6.50%, 03/01/2044 | 500000 | 593828 |
| &nbsp;&nbsp; 6.50%, 03/01/2045 | 500000 | 591409 |
| Smithville R-II School District | Smithville R-II School District | Smithville R-II School District |
| &nbsp;&nbsp; 6.00%, 03/01/2043 | 935000 | 1080331 |
| &nbsp;&nbsp; 6.00%, 03/01/2044 | 2130000 | 2446449 |
|  Springfield School District No R-12, 5.50%, 03/01/2044 | 500000 | 562556 |
|  |  | 32553476 |
| **Nevada - 0.9%** | **Nevada - 0.9%** | **Nevada - 0.9%** |
|  Clark County Water Reclamation District, 5.00%, 07/01/2043 | 4000000 | 4296923 |
|  State of Nevada Department of Business & Industry, 0.00%, 01/01/2065 <sup>(a)(b)</sup> | 2165000 | 1840250 |
|  |  | 6137173 |
| **New Hampshire - 0.7%** | **New Hampshire - 0.7%** | **New Hampshire - 0.7%** |
| New Hampshire Business Finance Authority | New Hampshire Business Finance Authority | New Hampshire Business Finance Authority |
| &nbsp;&nbsp; 5.50%, 12/01/2030 <sup>(c)</sup> | 1600000 | 1598568 |
| &nbsp;&nbsp; 4.88%, 12/01/2033 <sup>(c)</sup> | 1899000 | 1897064 |
| &nbsp;&nbsp; 5.63%, 06/01/2039 <sup>(c)</sup> | 1000000 | 998715 |
|  |  | 4494347 |
| **New Jersey - 1.2%** | **New Jersey - 1.2%** | **New Jersey - 1.2%** |
|  New Jersey Economic Development Authority, 5.50%, 01/01/2027 <sup>(b)</sup> | 300000 | 300621 |
| New Jersey Transportation Trust Fund Authority | New Jersey Transportation Trust Fund Authority | New Jersey Transportation Trust Fund Authority |
| &nbsp;&nbsp; 0.00%, 12/15/2038 <sup>(d)</sup> | 1145000 | 699067 |
| &nbsp;&nbsp; 0.00%, 12/15/2039 <sup>(d)</sup> | 12740000 | 7409136 |
|  |  | 8408824 |
| **New York - 3.7%** | **New York - 3.7%** | **New York - 3.7%** |
|  Build NYC Resource Corp., 4.00%, 06/15/2031 <sup>(c)</sup> | 540000 | 529605 |
|  New York City Municipal Water Finance Authority, 5.00%, 06/15/2043 | 3790000 | 4121123 |
| New York City Transitional Finance Authority | New York City Transitional Finance Authority | New York City Transitional Finance Authority |
| &nbsp;&nbsp; 5.25%, 05/01/2043 | 5000000 | 5466882 |
| &nbsp;&nbsp; 5.50%, 05/01/2044 | 3575000 | 3910844 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue, 5.50%, 11/01/2045 | 7370000 | 7944506 |
|  Rockland County Solid Waste Management Authority, 6.25%, 12/15/2049 | 2585000 | 2962170 |
|  |  | 24935130 |
| **North Carolina - 2.9%** | **North Carolina - 2.9%** | **North Carolina - 2.9%** |
| North Carolina Medical Care Commission | North Carolina Medical Care Commission | North Carolina Medical Care Commission |
| &nbsp;&nbsp; 4.25%, 09/01/2028 | 1090000 | 1090138 |
| &nbsp;&nbsp; 3.75%, 10/01/2028 | 585000 | 585154 |
| &nbsp;&nbsp; 4.25%, 10/01/2028 | 250000 | 250092 |
| &nbsp;&nbsp; 4.50%, 09/01/2029 | 600000 | 600076 |
| University of North Carolina at Chapel Hill | University of North Carolina at Chapel Hill | University of North Carolina at Chapel Hill |
| &nbsp;&nbsp; 5.00%, 02/01/2045 | 8180000 | 9215872 |
| &nbsp;&nbsp; 5.00%, 02/01/2049 | 5500000 | 6159891 |
|  Watauga Public Facilities Corp., 5.25%, 06/01/2042 | 1260000 | 1367865 |
|  |  | 19269088 |
| **North Dakota - 0.4%** | **North Dakota - 0.4%** | **North Dakota - 0.4%** |
|  Cass County Joint Water Resource District, 3.45%, 04/01/2027 | 3000000 | 3001436 |
| **Ohio - 1.5%** | **Ohio - 1.5%** | **Ohio - 1.5%** |
|  Columbus Regional Airport Authority, 5.25%, 01/01/2041 <sup>(b)</sup> | 2000000 | 2162436 |
|  County of Hamilton, OH, 5.00%, 11/15/2049 | 6095000 | 6665760 |
|  JobsOhio Beverage System, 5.00%, 01/01/2044 | 1500000 | 1626438 |
|  |  | 10454634 |
| **Oklahoma - 0.7%** | **Oklahoma - 0.7%** | **Oklahoma - 0.7%** |
| Oklahoma Turnpike Authority | Oklahoma Turnpike Authority | Oklahoma Turnpike Authority |
| &nbsp;&nbsp; 5.00%, 01/01/2040 | 1500000 | 1695616 |
| &nbsp;&nbsp; 5.00%, 01/01/2041 | 1500000 | 1672676 |
| &nbsp;&nbsp; 5.00%, 01/01/2042 | 1500000 | 1669033 |
|  |  | 5037325 |
| **Pennsylvania - 1.9%** | **Pennsylvania - 1.9%** | **Pennsylvania - 1.9%** |
|  Allegheny County Sanitary Authority, 5.75%, 06/01/2047 | 6835000 | 7471935 |
| Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission |
| &nbsp;&nbsp; 5.25%, 12/01/2041 | 1020000 | 1126804 |
| &nbsp;&nbsp; 5.25%, 12/01/2042 | 1045000 | 1145122 |
|  Southeastern Pennsylvania Transportation Authority, 5.25%, 06/01/2041 | 2585000 | 2827460 |
|  |  | 12571321 |
| **Puerto Rico - 0.2%** | **Puerto Rico - 0.2%** | **Puerto Rico - 0.2%** |
|  Puerto Rico Highway & Transportation Authority, 5.85%, 03/01/2027 | 1395000 | 1394527 |
| **Rhode Island - 1.2%** | **Rhode Island - 1.2%** | **Rhode Island - 1.2%** |
| Rhode Island Health and Educational Building Corp. | Rhode Island Health and Educational Building Corp. | Rhode Island Health and Educational Building Corp. |
| &nbsp;&nbsp; 5.50%, 05/15/2042 | 3335000 | 3631947 |
| &nbsp;&nbsp; 5.50%, 05/15/2047 | 4000000 | 4272590 |
|  |  | 7904537 |
| **South Carolina - 1.2%** | **South Carolina - 1.2%** | **South Carolina - 1.2%** |
|  County of Horry, SC, 5.25%, 09/01/2047 | 4000000 | 4269903 |
|  South Island Public Service District, 5.25%, 04/01/2042 | 3380000 | 3670526 |
|  |  | 7940429 |
| **Tennessee - 0.3%** | **Tennessee - 0.3%** | **Tennessee - 0.3%** |
|  Metropolitan Nashville Airport Authority, 5.50%, 07/01/2037 <sup>(b)</sup> | 1650000 | 1843773 |
| **Texas - 8.3%** | **Texas - 8.3%** | **Texas - 8.3%** |
|  Aldine Independent School District, 5.00%, 02/15/2042 | 2775000 | 3010017 |
| Austin Independent School District | Austin Independent School District | Austin Independent School District |
| &nbsp;&nbsp; 5.25%, 08/01/2043 | 2250000 | 2491704 |
| &nbsp;&nbsp; 5.25%, 08/01/2044 | 4250000 | 4659107 |
| City of Fort Worth, TX | City of Fort Worth, TX | City of Fort Worth, TX |
| &nbsp;&nbsp; 5.50%, 03/01/2042 | 2000000 | 2222805 |
| &nbsp;&nbsp; 5.50%, 03/01/2043 | 1520000 | 1673192 |
|  City of San Antonio, TX Electric & Gas Systems Revenue, 5.25%, 02/01/2042 | 3030000 | 3279134 |
|  Colony Economic Development Corp., 7.25%, 10/01/2042 | 1500000 | 1485291 |
|  Colony Local Development Corp., 7.25%, 10/01/2033 | 700000 | 700440 |
|  Dallas Area Rapid Transit, 5.00%, 12/01/2046 | 2630000 | 2630000 |
|  Dallas Fort Worth International Airport, 5.00%, 11/01/2043 | 3910000 | 4217600 |
|  Fort Worth Independent School District, 5.00%, 02/15/2043 | 1050000 | 1130207 |
|  Harris County Hospital District, 5.00%, 02/15/2042 | 2500000 | 2694090 |
|  Leander Independent School District, 5.00%, 08/15/2042 | 1100000 | 1207793 |
| Lower Colorado River Authority | Lower Colorado River Authority | Lower Colorado River Authority |
| &nbsp;&nbsp; 5.50%, 05/15/2047 | 5000000 | 5294484 |
| &nbsp;&nbsp; 5.50%, 05/15/2048 | 3000000 | 3206813 |
|  North Texas Tollway Authority, 0.00%, 01/01/2038 <sup>(d)</sup> | 1085000 | 694753 |
|  Port of Beaumont Industrial Development Authority, 4.10%, 01/01/2028 <sup>(c)</sup> | 3000000 | 2719165 |
|  Port of Beaumont Navigation District, 10.00%, 07/01/2026 <sup>(c)</sup> | 1500000 | 1505679 |
|  Pottsboro Higher Education Finance Corp., 2.00%, 08/15/2040 | 775000 | 585692 |
|  Spring Independent School District, 5.25%, 08/15/2044 | 5000000 | 5520911 |
|  West Harris County Regional Water Authority, 5.50%, 12/15/2042 | 4500000 | 4947999 |
|  |  | 55876876 |
| **Utah - 1.4%** | **Utah - 1.4%** | **Utah - 1.4%** |
|  Wasatch County School District Local Building Authority, 5.50%, 06/01/2047 | 7570000 | 8083849 |
|  Wildflower Improvement Association, 6.63%, 03/01/2031 <sup>(c)</sup> | 1072334 | 1062331 |
|  |  | 9146180 |
| **Virginia - 0.3%** | **Virginia - 0.3%** | **Virginia - 0.3%** |
|  Virginia Beach Development Authority, 5.38%, 09/01/2029 | 2000000 | 2024660 |
| **Washington - 2.5%** | **Washington - 2.5%** | **Washington - 2.5%** |
|  Central Puget Sound Regional Transit Authority, 5.00%, 11/01/2046 | 10000000 | 11486543 |
|  King County Public Hospital District No 4, 5.50%, 12/01/2035 | 1000000 | 1005135 |
| Washington State Housing Finance Commission | Washington State Housing Finance Commission | Washington State Housing Finance Commission |
| &nbsp;&nbsp; 4.20%, 07/01/2029 <sup>(c)</sup> | 1135000 | 1135069 |
| &nbsp;&nbsp; 4.20%, 07/01/2030 <sup>(c)</sup> | 2000000 | 1990443 |
| &nbsp;&nbsp; 4.38%, 01/01/2033 | 1250000 | 1252682 |
|  |  | 16869872 |
| **Wisconsin - 1.4%** | **Wisconsin - 1.4%** | **Wisconsin - 1.4%** |
| Public Finance Authority | Public Finance Authority | Public Finance Authority |
| &nbsp;&nbsp; 7.50%, 06/01/2029 <sup>(c)</sup> | 2000000 | 1951917 |
| &nbsp;&nbsp; 5.00%, 07/15/2030 <sup>(c)</sup> | 587319 | 588442 |
| &nbsp;&nbsp; 0.00%, 12/15/2034 <sup>(c)(d)</sup> | 4629000 | 2720966 |
| &nbsp;&nbsp; 5.00%, 12/15/2036 <sup>(c)</sup> | 2547104 | 2520427 |
| &nbsp;&nbsp; 0.00%, 12/15/2037 <sup>(c)(d)</sup> | 3000000 | 1532453 |
|  |  | 9314205 |
| **TOTAL MUNICIPAL BONDS** (Cost $570,221,605) | **TOTAL MUNICIPAL BONDS** (Cost $570,221,605) | 585647747 |
| **AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 5.9%** | **Par** | **Value**  |
|  California Housing Finance Agency, Series 2021-2, Class X, 0.83%, 03/25/2035 <sup>(e)</sup> | 40070605 | 1572771 |
| Freddie Mac Multifamily ML Certificates | Freddie Mac Multifamily ML Certificates | Freddie Mac Multifamily ML Certificates |
| &nbsp;&nbsp; Series 2019-ML05, Class XCA, 0.25%, 11/25/2033 <sup>(a)(e)</sup> | 44044329 | 620144 |
| &nbsp;&nbsp; Series 2019-ML06, Class XUS, 1.13%, 06/25/2037 <sup>(a)(c)(e)</sup> | 10287489 | 704282 |
| &nbsp;&nbsp; Series 2020-ML07, Class XUS, 2.00%, 10/25/2036 <sup>(a)(c)(e)</sup> | 14683217 | 1825711 |
| &nbsp;&nbsp; Series 2021-ML08, Class XUS, 1.85%, 07/25/2037 <sup>(e)</sup> | 33669752 | 3913772 |
| &nbsp;&nbsp; Series 2021-ML09, Class XUS, 1.55%, 02/25/2040 <sup>(a)(c)(e)</sup> | 37747321 | 4044625 |
| &nbsp;&nbsp; Series 2021-ML10, Class XUS, 2.06%, 01/25/2038 <sup>(a)(c)(e)</sup> | 23221048 | 3261861 |
| &nbsp;&nbsp; Series 2021-ML10, Class XUS, 1.52%, 06/25/2038 <sup>(a)(c)(e)</sup> | 62156609 | 6567467 |
| &nbsp;&nbsp; Series 2021-ML11, Class XUS, 0.77%, 03/25/2038 <sup>(c)(e)</sup> | 157735012 | 7582322 |
| &nbsp;&nbsp; Series 2021-ML12, Class XUS, 1.31%, 07/25/2041 <sup>(a)(c)(e)</sup> | 25296914 | 2254967 |
| &nbsp;&nbsp; Series 2022-ML13, Class XUS, 0.96%, 07/25/2036 <sup>(a)(e)</sup> | 79574702 | 4304196 |
| &nbsp;&nbsp; Series 2022-ML13, Class XUS, 1.00%, 09/25/2036 <sup>(e)</sup> | 51634394 | 3495649 |
| **TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $43,886,741) | **TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $43,886,741) | 40147767 |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 1.7%** | **Par** | **Value**  |
| California Housing Finance Agency | California Housing Finance Agency | California Housing Finance Agency |
| &nbsp;&nbsp; Series 2021-1, Class X, 0.80%, 11/20/2035 <sup>(e)</sup> | 47221345 | 1965352 |
| &nbsp;&nbsp; Series 2021-3, Class X, 0.79%, 08/20/2036 <sup>(e)</sup> | 24652962 | 1095085 |
| New Hampshire Business Finance Authority | New Hampshire Business Finance Authority | New Hampshire Business Finance Authority |
| &nbsp;&nbsp; Series 2022-2, Class X, 0.68%, 10/20/2036 <sup>(e)</sup> | 65646199 | 2751889 |
| &nbsp;&nbsp; Series 2023-2, Class X, 0.81%, 01/20/2038 <sup>(a)(e)</sup> | 58387519 | 3006373 |
|  Washington State Housing Finance Commission, Series 2021-1, Class X, 0.73%, 12/20/2035 <sup>(a)(e)</sup> | 63769630 | 2428985 |
| **TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $12,329,660) | **TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $12,329,660) | 11247684 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 5.1%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.88% <sup>(f)</sup> | 34698931 | 34698931 |
| **TOTAL MONEY MARKET FUNDS** (Cost $34,698,931) | **TOTAL MONEY MARKET FUNDS** (Cost $34,698,931) | 34698931 |
| **TOTAL INVESTMENTS - 99.6% (**Cost $661,136,937**)** | **TOTAL INVESTMENTS - 99.6% (**Cost $661,136,937**)** | 671742129 |
| Other Assets in Excess of Liabilities - 0.4% | Other Assets in Excess of Liabilities - 0.4% | 2380996 |
| **TOTAL NET ASSETS - 100.0%** |  | $674123125 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of
 November 30, 2025.

(b) Security subject to the Alternative Minimum Tax ("AMT"). As of November 30, 2025, the total value of securities subject to the AMT was $54,630,355 or 8.1% of net assets.

(c) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of November 30, 2025, the value of these securities total $52,081,039 or 7.7% of the Fund's net assets.

(d) Zero coupon bonds make no periodic interest payments.

(e) Interest only security.

(f) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

---

| |
|:---|
| **Performance Trust Municipal Bond Fund** |
| **Notes to Schedule of Investments** |
| **November 30, 2025 (Unaudited)** |

---

*Investment Valuation*

** 

<br> Each equity security owned by a Fund that is listed on a securities exchange, except securities listed on the NASDAQ Stock Market, LLC ("NASDAQ"), is valued at its last sale price at the close of that exchange on the date as of which assets are valued. If the security is listed on more than one exchange, a Fund will use the price of the exchange that the Fund generally considers to be the principal exchange on which the security is traded. Portfolio securities listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there has been no sale on such exchange or on NASDAQ on such day, the security is valued at the mean between the most recent quoted bid and asked prices on such day or the security shall be valued at the latest sales price on the "composite market" for the day such security is being valued. The composite market is defined as a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter markets as published by an approved independent pricing service (a "Pricing Service").

Debt securities, such as U.S. government securities, corporate securities, municipal securities, collateralized loan obligations and asset-backed and mortgage-backed securities, including short-term debt instruments having a maturity of 60 days or less, are valued at the mean in accordance with prices supplied by a Pricing Service. Pricing Services may use various valuation methodologies such as the mean between the bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If a price is not available from a Pricing Service, the most recent quotation obtained from one or more broker-dealers known to follow the issue will be obtained. Quotations will be valued at the mean between the bid and the offer. In the absence of available quotations, the securities will be priced at fair value. Pricing Services generally value debt securities assuming orderly transactions of an institutional round lot size, but such securities may be held or transactions may be conducted in such securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots.

Redeemable securities issued by open-end, registered investment companies, including money market funds, are valued at the net asset value ("NAV") of such companies for purchase and/or redemption orders placed on that day. If, on a particular day, a share of an investment company is not listed on NASDAQ, such security's fair value will be determined. All exchange-traded funds are valued at the last reported sale price on the exchange on which the security is principally traded. In the event market quotations are not readily available, such security will be valued at its fair value, discussed below.

If market quotations are not readily available, a security or other asset will be valued at its fair value in accordance with Rule 2a-5 of the 1940 Act as determined under the Adviser's fair value pricing procedures, subject to oversight by the Board of Trustees. These fair value pricing procedures will also be used to price a security when corporate events, events in the securities market and/or world events cause the Adviser to believe that a security's last sale price may not reflect its actual market value. The intended effect of using fair value pricing procedures is to ensure that the Funds are accurately priced. The Adviser will regularly evaluate whether the Funds' fair value pricing procedures continue to be appropriate in light of the specific circumstances of the Funds and the quality of prices obtained through the application of such procedures.

FASB Accounting Standards Codification, Fair Value Measurements and Disclosures Topic 820 ("ASC 820"), establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value. ASC 820 requires an entity to evaluate certain factors to determine whether there has been a significant decrease in volume and level of activity for the security such that recent transactions and quoted prices may not be determinative of fair value and further analysis and adjustment may be necessary to estimate fair value. ASC 820 also requires enhanced disclosure regarding the inputs and valuation techniques used to measure fair value as well as expanded disclosure of valuation levels for each class of investments. These inputs are summarized in the three broad levels listed below:

Performance Trust Municipal Bond Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of November 30, 2025:

---

| |
|:---|
| **Performance Trust Municipal Bond Fund** |
| **Notes to Schedule of Investments (Continued)** |
| **November 30, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | $– | $585647747 | $– | $585647747 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Agency Commercial Mortgage Backed Securities | – | 40147767 | – | 40147767 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Securities | – | 11247684 | – | 11247684 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 34698931 | – | – | 34698931 |
| Total Investments | $34698931 | $637043198 | $– | $671742129 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Trust for Professional Managers

- **b. Investment Company Act file number:** 811-10401

- **c. CIK number of Registrant:** 0001141819

- **d. LEI of Registrant:** 549300O1N816L3GGRD45

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 513-520-5925

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

- **a. Name of Series:** Performance Trust Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000033197

- **c. LEI of Series:** 254900GLOAFEA5EN5O30

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $680765945.77

**Total Liabilities:** $6870220.14

**Net Assets:** $673895725.63

**Delayed Delivery Securities:** $6604240.00

**Cash Not Reported:** $895346.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 58.110000000000 | **1-Year:** 659.690000000000 | **5-Year:** 140736.890000000000 | **10-Year:** 372668.910000000000 | **30-Year:** 72283.420000000000

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

- **3-Month:** 2415.300000000000 | **1-Year:** 5455.430000000000 | **5-Year:** 1677.550000000000 | **10-Year:** 13946.070000000000 | **30-Year:** 1571.090000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102162 | 2.92%                | 1.58%                | 0.43%                |
| Class ID C000102163 | 2.84%                | 1.60%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $600066.32               | $15551291.77                               |
| Month 2  | $-35302.74               | $8444790.71                                |
| Month 3  | $243457.52               | $285270.57                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JACKSON CNTY MO REORG SCH DIST | Jackson County School District No R-IV Blue Springs                     | CUSIP: 467486YN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3755368.86   | 0.56%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOLIET IL                      | City of Joliet IL                                                       | CUSIP: 479754NR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2937181.04   | 0.44%             | 2044-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C | Kentucky State Property & Building Commission                           | CUSIP: 49151FY87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2966970.07   | 0.44%             | 2042-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA PUBLIC HOSP DIST  | King County Public Hospital District No 4                               | CUSIP: 494796AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005134.90   | 0.15%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA SAN AUTH     | Allegheny County Sanitary Authority                                     | CUSIP: 017357N67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6835000 | PA      | $7471935.20   | 1.11%             | 2047-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX INDEP SCH DIST       | Austin Independent School District                                      | CUSIP: 052430XV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2491703.55   | 0.37%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREATER CLARK IN BLDG CORP     | Greater Clark Building Corp                                             | CUSIP: 39167GLR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1335638.15   | 0.20%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GREENE CNTY MO REORG SCH DIST# | Republic School District No R-3                                         | CUSIP: 394532LN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $593827.70    | 0.09%             | 2044-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HORRY CNTY SC LTD OBLIG        | County of Horry SC                                                      | CUSIP: 440671AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4269903.60   | 0.63%             | 2047-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH  | Illinois State Toll Highway Authority                                   | CUSIP: 452252QX0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3212859.30   | 0.48%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH  | Illinois State Toll Highway Authority                                   | CUSIP: 452252QY8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129329.20   | 0.32%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                          | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3448427.42   | 0.51%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CAMPBELL CA UNION SCH DIST     | Campbell Union School District                                          | CUSIP: 134141ZK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $2862294.83   | 0.42%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COACHELLA VLY CA UNIF SCH DIST | Coachella Valley Unified School District/CA                             | CUSIP: 189849GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $473928.37    | 0.07%             | 2043-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLONY TX ECON DEV CORP SALES  | Colony Economic Development Corp                                        | CUSIP: 19625CAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1485291.15   | 0.22%             | 2042-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV | Columbus Regional Airport Authority                                     | CUSIP: 199546CX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2162435.80   | 0.32%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMMERCE GA SCH DIST           | Commerce School District                                                | CUSIP: 200635BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $579632.50    | 0.09%             | 2044-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S | Dallas Area Rapid Transit                                               | CUSIP: 235241RW8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2630000.00   | 0.39%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX SPL TAX REVENUE  | City of Fort Worth TX                                                   | CUSIP: 349507DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2222805.20   | 0.33%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GREATER CLARK IN BLDG CORP     | Greater Clark Building Corp                                             | CUSIP: 39167GJT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $6352575.14   | 0.94%             | 2042-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A | Greater Orlando Aviation Authority                                      | CUSIP: 392275EL3<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3194577.30   | 0.47%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX HOSP DIST CTFS  | Harris County Hospital District                                         | CUSIP: 41415UBW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2694090.25   | 0.40%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOPE CA ELEM SCH DIST          | Hope Elementary School District                                         | CUSIP: 439413EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $621968.55    | 0.09%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                             | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6461272.80   | 0.96%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                 | CUSIP: 59333NNM1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1076122.08   | 0.16%             | 2042-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MILLBRAE CA SCH DIST           | Millbrae School District                                                | CUSIP: 60012PCB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1075513.31   | 0.16%             | 2039-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                | CUSIP: 63608TAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998714.70    | 0.15%             | 2039-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| INLAND EMPIRE CA TOBACCO SECUR | Inland Empire Tobacco Securitization Corp                               | CUSIP: 45734TAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $5163073.14   | 0.77%             | 2038-06-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO REORG SCH DIST | Jackson County School District No R-IV Blue Springs                     | CUSIP: 467486YQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $3000314.10   | 0.45%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO REORG SCH DIST | Jackson County Reorganized School District No 7/MO                      | CUSIP: 467520YM8<br>LEI: 549300HKYX7HMV5CWZ34 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1739449.50   | 0.26%             | 2043-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON & MIAMI CNTYS KS UNIF  | Johnson & Miami Counties Unified School District No 230 Spring Hills    | CUSIP: 478164KY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1932552.77   | 0.29%             | 2042-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON & MIAMI CNTYS KS UNIF  | Johnson & Miami Counties Unified School District No 230 Spring Hills    | CUSIP: 478164LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $979644.89    | 0.15%             | 2044-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT OF TRANSPRTN HI | State of Kansas Department of Transportation                            | CUSIP: 485424UD5<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   7325000 | PA      | $7976325.08   | 1.18%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKESIDE CA UNION SCH DIST SAN | Lakeside Union School District/San Diego County                         | CUSIP: 512138DE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4375000 | PA      | $2685914.88   | 0.40%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MANHATTAN BEACH CA UNIF SCH DI | Manhattan Beach Unified School District                                 | CUSIP: 562785HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $718501.74    | 0.11%             | 2041-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461362S9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2932188.00   | 0.44%             | 2039-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7370000 | PA      | $7944506.24   | 1.18%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PLACENTIA-YORBA LINDA CA UNIF  | Placentia-Yorba Linda Unified School District                           | CUSIP: 725894KE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $2936794.48   | 0.44%             | 2041-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLATTE CNTY MO REORG SCH DIST# | Platte County R-III School District                                     | CUSIP: 727717LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2517753.38   | 0.37%             | 2043-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CA CMNTY CLG DI | San Bernardino Community College District                               | CUSIP: 796720GG9<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |  12665000 | PA      | $5540914.70   | 0.82%             | 2044-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                    | CUSIP: 797355N26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7780000 | PA      | $4521167.28   | 0.67%             | 2040-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| S ISLAND SC PUBLIC SVC DIST WT | South Island Public Service District/SC                                 | CUSIP: 838466DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $3670525.87   | 0.54%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TIPPECANOE CNTY IN SCH BLDG CO | Tippecanoe County School Building Corp                                  | CUSIP: 88786PHJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1797639.69   | 0.27%             | 2042-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TIPPECANOE CNTY IN SCH BLDG CO | Tippecanoe County School Building Corp                                  | CUSIP: 88786PKC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1511497.46   | 0.22%             | 2041-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF NORTH CAROLINA AT CHAP | University of North Carolina at Chapel Hill                             | CUSIP: 914714CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6159891.10   | 0.91%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD | Virginia Beach Development Authority                                    | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024659.60   | 0.30%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NOBLESVILLE IN HIGH SCH BLDG C | Noblesville High School Building Corp                                   | CUSIP: 655158HL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1437532.84   | 0.21%             | 2040-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OCEANSIDE CA UNIF SCH DIST     | Oceanside Unified School District/CA                                    | CUSIP: 675383JT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $323635.62    | 0.05%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD MO SCH DIST #R-12  | Springfield School District No R-12                                     | CUSIP: 851035VX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $562555.85    | 0.08%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WILDFLOWER IMPROV ASSN         | Wildflower Improvement Association                                      | CUSIP: 96812GAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1072334 | PA      | $1062331.09   | 0.16%             | 2031-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R | Industrial Development Authority of the City of Phoenix Arizona/The     | CUSIP: 71885FFC6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    650000 | PA      | $651697.93    | 0.10%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CALIF UNI SCH DIST   | Pittsburg Unified School District Financing Authority                   | CUSIP: 724586AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3095000 | PA      | $1654687.59   | 0.25%             | 2041-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLATTE CNTY MO REORG SCH DIST# | Platte County R-III School District                                     | CUSIP: 727717LF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $3119068.99   | 0.46%             | 2044-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK | Port of Beaumont Navigation District                                    | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505678.85   | 0.22%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| POTTSBORO TX HGR EDU FIN CORP  | Pottsboro Higher Education Finance Corp                                 | CUSIP: 738222BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $585692.38    | 0.09%             | 2040-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIF SCH DIST         | Poway Unified School District                                           | CUSIP: 738850RF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4955000 | PA      | $2895473.08   | 0.43%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIF SCH DIST         | Poway Unified School District                                           | CUSIP: 738850RH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12165000 | PA      | $4864417.33   | 0.72%             | 2046-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA UNIF SCH DIST       | Rowland Unified School District                                         | CUSIP: 779631ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5145000 | PA      | $2855025.33   | 0.42%             | 2041-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA CMNTY CLG DIST    | San Diego Community College District                                    | CUSIP: 797272KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1028968.74   | 0.15%             | 2041-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                    | CUSIP: 797355N75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $1298421.15   | 0.19%             | 2045-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                    | CUSIP: 797355Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3530000 | PA      | $3754952.78   | 0.56%             | 2041-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTA BARBARA CA SECONDARY HIG | Santa Barbara Secondary High School District                            | CUSIP: 80131RAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6380000 | PA      | $3512785.89   | 0.52%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S | Adams & Arapahoe Counties Joint School District 28J Aurora              | CUSIP: 0054824S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3305000 | PA      | $3815371.98   | 0.57%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALABAMA FEDERAL AID HIGHWAY FI | Alabama Federal Aid Highway Finance Authority                           | CUSIP: 010268DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $2000469.43   | 0.30%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALDINE TX INDEP SCH DIST       | Aldine Independent School District                                      | CUSIP: 014393ZP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $3010017.25   | 0.45%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX INDEP SCH DIST       | Austin Independent School District                                      | CUSIP: 052430XW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4659107.13   | 0.69%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BALDWIN PARK CA UNIF SCH DIST  | Baldwin Park Unified School District                                    | CUSIP: 058219SJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $660650.60    | 0.10%             | 2037-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT | California Housing Finance Agency                                       | CUSIP: 13033DAF2<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  47221345 | PA      | $1965352.39   | 0.29%             | 2035-11-20      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SCH DIST | Denver City & County School District No 1                               | CUSIP: 249174ZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $14611516.40  | 2.17%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX SPL TAX REVENUE  | City of Fort Worth TX                                                   | CUSIP: 349507DU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1673192.14   | 0.25%             | 2043-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOWLER CA UNIF SCH DIST        | Fowler Unified School District                                          | CUSIP: 351136HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4945000 | PA      | $5370547.41   | 0.80%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRETE 2020-ML07 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833FAC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  14683217 | PA      | $1825711.17   | 0.27%             | 2036-10-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML10 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833JAE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  62156609 | PA      | $6567467.32   | 0.97%             | 2038-06-25      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| GREATER CLARK IN BLDG CORP     | Greater Clark Building Corp                                             | CUSIP: 39167GJR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6205000 | PA      | $7178646.41   | 1.07%             | 2038-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GREENE CNTY MO REORG SCH DIST# | Republic School District No R-3                                         | CUSIP: 394532LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $591408.60    | 0.09%             | 2045-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV | County of Hamilton OH                                                   | CUSIP: 407272W25<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   6095000 | PA      | $6665760.79   | 0.99%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOPE CA ELEM SCH DIST          | Hope Elementary School District                                         | CUSIP: 439413EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $350223.06    | 0.05%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                         | CUSIP: 45528U7V7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |  10975000 | PA      | $12286458.72  | 1.82%             | 2048-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH | Lee County Industrial Development Authority/FL                          | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2059496.42   | 0.31%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LINDBERGH MO SCH DIST          | Lindbergh School District                                               | CUSIP: 535205NP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5664280.50   | 0.84%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST STADIUM AUTH REVEN | Maryland Stadium Authority                                              | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   5775000 | PA      | $6272731.66   | 0.93%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue             | CUSIP: 592647PA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4153701.75   | 0.62%             | 2043-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                 | CUSIP: 59333NZ97<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $1911534.75   | 0.28%             | 2045-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS | New Hampshire Business Finance Authority                                | CUSIP: 63607WAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  65646199 | PA      | $2751888.64   | 0.41%             | 2036-10-20      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| National Finance Authority     | New Hampshire Business Finance Authority                                | CUSIP: 63607WAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  58387519 | PA      | $3006373.35   | 0.45%             | 2038-01-20      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                | CUSIP: 63608TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1899000 | PA      | $1897063.97   | 0.28%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                | CUSIP: 63608TAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1598568.16   | 0.24%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                  | CUSIP: 65820YTR7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600076.50    | 0.09%             | 2029-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                           | CUSIP: 66285WCD6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $694752.52    | 0.10%             | 2038-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH      | Oklahoma Turnpike Authority                                             | CUSIP: 679111F90<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1669033.50   | 0.25%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLATTE CNTY MO REORG SCH DIST# | Platte County R-III School District                                     | CUSIP: 727717LG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2905164.50   | 0.43%             | 2045-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX INDL DEV AUTH | Port of Beaumont Industrial Development Authority                       | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2719165.20   | 0.40%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                | CUSIP: 74442PD51<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    587319 | PA      | $588441.97    | 0.09%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                | CUSIP: 74442PL45<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2129000 | PA      | $1258920.49   | 0.19%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2547104 | PA      | $2520427.12   | 0.37%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                | CUSIP: 74442PXM2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1951917.00   | 0.29%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO HIGHWAY & TRANSPRT | Puerto Rico Highway & Transportation Authority                          | CUSIP: 745185BP2<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1394526.82   | 0.21%             | 2027-03-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL | Rhode Island Health and Educational Building Corp                       | CUSIP: 762196X32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3631946.73   | 0.54%             | 2042-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL | Rhode Island Health and Educational Building Corp                       | CUSIP: 762196X40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4272590.00   | 0.63%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE | City of San Antonio TX Electric & Gas Systems Revenue                   | CUSIP: 79625GGQ0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3279134.48   | 0.49%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA CMNTY CLG DIST    | San Diego Community College District                                    | CUSIP: 797272KA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8525000 | PA      | $5254819.38   | 0.78%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                    | CUSIP: 797355N34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7870000 | PA      | $4313355.76   | 0.64%             | 2041-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                             | CUSIP: 79739GSU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2600393.18   | 0.39%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C | Southeast Energy Authority A Cooperative District                       | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5775000 | PA      | $6202501.31   | 0.92%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| VENICE FL                      | City of Venice FL                                                       | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $851631.83    | 0.13%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WASATCH CNTY SCH DIST LOCAL BL | Wasatch County School District Local Building Authority                 | CUSIP: 936785AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7570000 | PA      | $8083848.57   | 1.20%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WATAUGA NC PUBLIC FACS CORP    | Watauga Public Facilities Corp                                          | CUSIP: 94109SBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1367864.95   | 0.20%             | 2042-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| W HARRIS CNTY TX REGL WTR AUTH | West Harris County Regional Water Authority                             | CUSIP: 95308RYX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4947999.30   | 0.73%             | 2042-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MANHATTAN BEACH CA UNIF SCH DI | Manhattan Beach Unified School District                                 | CUSIP: 562785HX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $1222955.92   | 0.18%             | 2040-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64972JAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3910843.72   | 0.58%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACTON-AGUA CA UNIF SCH DIST    | Acton-Agua Dulce Unified School District                                | CUSIP: 00507TBG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1181229.60   | 0.18%             | 2039-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT | California Housing Finance Agency                                       | CUSIP: 13033DAK1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  24652962 | PA      | $1095084.59   | 0.16%             | 2036-08-20      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority             | CUSIP: 20775DZM7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    570000 | PA      | $627550.45    | 0.09%             | 2030-09-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| FRETE 2021-ML09 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30319NAA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  37747321 | PA      | $4044625.44   | 0.60%             | 2040-02-25      | Variable      | 1.55%                 | No            |                  2 | On Loan: No      |
| FISHERS TOWN HALL BLDG CORP IN | Fishers Town Hall Building Corp                                         | CUSIP: 338042ED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $819105.14    | 0.12%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FISHERS TOWN HALL BLDG CORP IN | Fishers Town Hall Building Corp                                         | CUSIP: 338042EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1702856.55   | 0.25%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A | Greater Orlando Aviation Authority                                      | CUSIP: 392275FE8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   8390000 | PA      | $9083296.74   | 1.35%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                               | CUSIP: 45506EPE7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001763.30   | 0.15%             | 2032-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| IPS MULTI-SCH BLDG CORP IN     | IPS Multi-School Building Corp                                          | CUSIP: 46263RRM9<br>LEI: 549300BHLK1DUJUYPM91 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1664529.74   | 0.25%             | 2042-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOBSOHIO BEVERAGE SYS STWD LIQ | JobsOhio Beverage System                                                | CUSIP: 47770VCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1626437.85   | 0.24%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOLIET IL                      | City of Joliet IL                                                       | CUSIP: 479754NQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5568340.65   | 0.83%             | 2042-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C | Kentucky State Property & Building Commission                           | CUSIP: 49151F6R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2257679.49   | 0.34%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKESIDE CA UNION SCH DIST SAN | Lakeside Union School District/San Diego County                         | CUSIP: 512138DD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4035000 | PA      | $2604782.55   | 0.39%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST      | Leander Independent School District                                     | CUSIP: 521841S49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1207792.85   | 0.18%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL ARPT REVENUE       | County of Lee FL Airport Revenue                                        | CUSIP: 523470HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2912508.34   | 0.43%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEMON GROVE CA SCH DIST        | Lemon Grove School District                                             | CUSIP: 525651DX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $620345.74    | 0.09%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T | Lower Colorado River Authority                                          | CUSIP: 54811BB83<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3206812.50   | 0.48%             | 2048-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                 | CUSIP: 59333NNK5<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2751774.00   | 0.41%             | 2040-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI FL                       | City of Miami FL                                                        | CUSIP: 59338CAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8670512.00   | 1.29%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                              | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5295000 | PA      | $5064725.75   | 0.75%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| MOUNT SAN ANTONIO CA CMNTY CLG | Mt San Antonio Community College District                               | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1630636.34   | 0.24%             | 2043-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BAY CNTY FL SCH BRD COPS       | Bay County School Board                                                 | CUSIP: 072231GK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1722948.41   | 0.26%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV | Build NYC Resource Corp                                                 | CUSIP: 12008ERQ1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    540000 | PA      | $529604.95    | 0.08%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                    | CUSIP: 1675934Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7768575.83   | 1.15%             | 2044-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLARK-PLEASANT IN CMNTY SCH BL | Clark-Pleasant Community School Building Corp                           | CUSIP: 181503GP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2819450.14   | 0.42%             | 2042-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                               | CUSIP: 645918Z71<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300620.82    | 0.04%             | 2027-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                          | CUSIP: 646136WU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7740000 | PA      | $4476947.58   | 0.66%             | 2039-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                         | CUSIP: 64972GL28<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3790000 | PA      | $4121123.20   | 0.61%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64972JNJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5466881.50   | 0.81%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NOBLESVILLE IN HIGH SCH BLDG C | Noblesville High School Building Corp                                   | CUSIP: 655158HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1380541.20   | 0.20%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                  | CUSIP: 65820YTA4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    585000 | PA      | $585153.68    | 0.09%             | 2028-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FRETE 2019-ML06 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30312CAD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  10287489 | PA      | $704281.51    | 0.10%             | 2037-06-25      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML08 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30318LAK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  33669752 | PA      | $3913771.92   | 0.58%             | 2037-07-25      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                  | CUSIP: 65820YTS5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1090137.56   | 0.16%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH      | Oklahoma Turnpike Authority                                             | CUSIP: 679111F74<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1695616.50   | 0.25%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH      | Oklahoma Turnpike Authority                                             | CUSIP: 679111F82<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1672675.50   | 0.25%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                        | CUSIP: 709225GF7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1126804.10   | 0.17%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MU | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 3137H9JQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  51634394 | PA      | $3495648.48   | 0.52%             | 2036-09-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                              | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  33786951 | NS      | $33786950.85  | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1462046.00   | 0.22%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                | CUSIP: 74442PL78<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1532452.50   | 0.23%             | 2037-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML12 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833TAB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  25296914 | PA      | $2254966.92   | 0.33%             | 2041-07-25      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                    | CUSIP: 797355N59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4460000 | PA      | $2164396.52   | 0.32%             | 2043-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                             | CUSIP: 939783X35<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1135069.01   | 0.17%             | 2029-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                             | CUSIP: 939783Z82<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252682.00   | 0.19%             | 2033-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORT MYERS FL UTILITY REVENUE  | City of Fort Myers FL Utility System Revenue                            | CUSIP: 348172VW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5457078.00   | 0.81%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOPE CA ELEM SCH DIST          | Hope Elementary School District                                         | CUSIP: 439413EF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $350540.25    | 0.05%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOPE CA ELEM SCH DIST          | Hope Elementary School District                                         | CUSIP: 439413EG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $360864.67    | 0.05%             | 2037-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE  | County of Jefferson AL Sewer Revenue                                    | CUSIP: 472682ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4274317.20   | 0.63%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVON IN CMNTY SCH BLDG CORP    | Avon Community School Building Corp                                     | CUSIP: 054071PE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $3020426.10   | 0.45%             | 2041-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAY CNTY FL SCH BRD COPS       | Bay County School Board                                                 | CUSIP: 072231GL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1441113.73   | 0.21%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMMERCE GA SCH DIST           | Commerce School District                                                | CUSIP: 200635BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $467280.96    | 0.07%             | 2043-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO REORG SCH DIST | Jackson County Reorganized School District No 7/MO                      | CUSIP: 467520YL0<br>LEI: 549300HKYX7HMV5CWZ34 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $4577504.64   | 0.68%             | 2042-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH  | Kentucky Economic Development Finance Authority                         | CUSIP: 49126PFD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $219630.05    | 0.03%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA PLATA CNTY CO SCH DIST #9-R | Durango School District No 9-R                                          | CUSIP: 503768NV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1360058.67   | 0.20%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAKE RIDGE IN MULTI-SCH BLDG C | Lake Ridge Multi-School Building Corp                                   | CUSIP: 510651BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $2031938.30   | 0.30%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALASKA ST RAILROAD CORP CRUISE | Alaska Railroad Corp                                                    | CUSIP: 01176AAA1<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |    215000 | PA      | $225389.57    | 0.03%             | 2028-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVON IN CMNTY SCH BLDG CORP    | Avon Community School Building Corp                                     | CUSIP: 054071PF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4745000 | PA      | $5190662.74   | 0.77%             | 2043-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BELMONT-REDWOOD SHORES CA SCH  | Belmont-Redwood Shores School District/CA                               | CUSIP: 080495DH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2376770.80   | 0.35%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA | Central Puget Sound Regional Transit Authority                          | CUSIP: 155048DL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11486543.00  | 1.70%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLAY CNTY MO SCH DIST #R-II SM | Smithville R-II School District                                         | CUSIP: 183513FW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $1080330.70   | 0.16%             | 2043-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                    | CUSIP: 20772KB32<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1749727.04   | 0.26%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                       | CUSIP: 249182TE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6685000 | PA      | $8162386.34   | 1.21%             | 2036-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE | District of Columbia Income Tax Revenue                                 | CUSIP: 25477GUV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6080000 | PA      | $6562891.84   | 0.97%             | 2047-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FISHERS TOWN HALL BLDG CORP IN | Fishers Town Hall Building Corp                                         | CUSIP: 338042EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1215206.92   | 0.18%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX INDEP SCH DIST   | Fort Worth Independent School District                                  | CUSIP: 349461FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1130206.98   | 0.17%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML10 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833JAG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  23221048 | PA      | $3261860.56   | 0.48%             | 2038-01-25      | Variable      | 2.06%                 | No            |                  2 | On Loan: No      |
| FRUITA CO HLTHCARE REVENUE     | City of Fruita CO Healthcare Revenue                                    | CUSIP: 359427AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $437268.35    | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T | Lower Colorado River Authority                                          | CUSIP: 54811BZS3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5294484.00   | 0.79%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                            | CUSIP: 592190QS4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1843773.36   | 0.27%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S | Adams & Arapahoe Counties Joint School District 28J Aurora              | CUSIP: 0054824T8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3850314.41   | 0.57%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALASKA ST RAILROAD CORP CRUISE | Alaska Railroad Corp                                                    | CUSIP: 01176AAB9<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |    285000 | PA      | $302861.15    | 0.04%             | 2029-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVON IN CMNTY SCH BLDG CORP    | Avon Community School Building Corp                                     | CUSIP: 054071PD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2809617.77   | 0.42%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT | California Housing Finance Agency                                       | CUSIP: 13033DAH8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  40070605 | PA      | $1572771.25   | 0.23%             | 2035-03-25      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                 | CUSIP: 59333NNL3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2405000 | PA      | $1249951.37   | 0.19%             | 2041-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NOBLESVILLE IN HIGH SCH BLDG C | Noblesville High School Building Corp                                   | CUSIP: 655158HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $485306.26    | 0.07%             | 2038-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                  | CUSIP: 13048VVC9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    965000 | PA      | $958079.70    | 0.14%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY ND JT WTR RESOURCE D | Cass County Joint Water Resource District                               | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001436.40   | 0.45%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV WTR RECLAMATION  | Clark County Water Reclamation District                                 | CUSIP: 181070FV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4296922.80   | 0.64%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLAY CNTY MO SCH DIST #R-II SM | Smithville R-II School District                                         | CUSIP: 183513FX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2446448.78   | 0.36%             | 2044-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLONY TX LOCAL DEV CORP SALES | Colony Local Development Corp                                           | CUSIP: 19625ABJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700439.88    | 0.10%             | 2033-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30309HAB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  44044329 | PA      | $620144.15    | 0.09%             | 2033-11-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MU | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 3137H9JP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  79574702 | PA      | $4304195.64   | 0.64%             | 2036-07-25      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| FORT LAUDERDALE FL WTR & SWR R | City of Fort Lauderdale FL Water & Sewer Revenue                        | CUSIP: 347658ZX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4501293.57   | 0.67%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP DIS | City of Phoenix Civic Improvement Corp                                  | CUSIP: 71884WCT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1850312.39   | 0.27%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CALIF UNI SCH DIST   | Pittsburg Unified School District Financing Authority                   | CUSIP: 724586AZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $969625.97    | 0.14%             | 2042-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SPRING TX INDEP SCH DIST       | Spring Independent School District                                      | CUSIP: 850001CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5520911.00   | 0.82%             | 2044-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRI-CREEK IN 2002 HIGH SCH BLD | Tri-Creek 2002 High School Building Corp                                | CUSIP: 89556GJD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4345000 | PA      | $4854990.46   | 0.72%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY POLL CONTROL R | County of Trimble KY                                                    | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3323985.70   | 0.49%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                             | CUSIP: 939783Y42<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990443.60   | 0.30%             | 2030-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                             | CUSIP: 93978TS67<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |  63769630 | PA      | $2428985.22   | 0.36%             | 2035-12-20      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| CONYERS GA TAX ALLOCATION      | City of Conyers GA                                                      | CUSIP: 21288AAA4<br>LEI: 549300WNDBTR12BDTR82 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1042433.39   | 0.15%             | 2031-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI | Dallas Fort Worth International Airport                                 | CUSIP: 23503CEF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3910000 | PA      | $4217599.70   | 0.63%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                       | CUSIP: 249182TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6755598.72   | 1.00%             | 2041-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML11 TRUST          | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 302610AD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        | 157735012 | PA      | $7582322.03   | 1.13%             | 2038-03-25      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| FISHERS TOWN HALL BLDG CORP IN | Fishers Town Hall Building Corp                                         | CUSIP: 338042EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2226078.40   | 0.33%             | 2043-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOHNSON & MIAMI CNTYS KS UNIF  | Johnson & Miami Counties Unified School District No 230 Spring Hills    | CUSIP: 478164KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1855523.04   | 0.28%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C | Kentucky State Property & Building Commission                           | CUSIP: 49151FY79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $3092952.42   | 0.46%             | 2041-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                           | CUSIP: 57582TBT8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10895982.00  | 1.62%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA DEPT OF BUSINESS & INDU | State of Nevada Department of Business & Industry                       | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2550000.00   | 0.38%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                          | CUSIP: 646136WT4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $699067.27    | 0.10%             | 2038-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                  | CUSIP: 65820YSZ0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250092.15    | 0.04%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                        | CUSIP: 709225GG5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1145121.35   | 0.17%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROCKLAND CNTY NY SOL WST MGMT  | Rockland County Solid Waste Management Authority                        | CUSIP: 77356FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2962170.11   | 0.44%             | 2049-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA TOBACCO SETTLEMEN | City of San Diego Tobacco Settlement Revenue Funding Corp               | CUSIP: 797330AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $560792.09    | 0.08%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S ESTRN PA TRANSPRTN AUTH      | Southeastern Pennsylvania Transportation Authority                      | CUSIP: 842039FM6<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2827460.33   | 0.42%             | 2041-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE | Tempe Industrial Development Authority                                  | CUSIP: 87972MCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990835.00   | 0.30%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF NORTH CAROLINA AT CHAP | University of North Carolina at Chapel Hill                             | CUSIP: 914714CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8180000 | PA      | $9215871.85   | 1.37%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL SCH DIST #114 MAN | Will County School District No 114 Manhattan                            | CUSIP: 968838KA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $4085378.91   | 0.61%             | 2045-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Trust for Professional Managers

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer