# EDGAR Filing Document

**Accession Number:** 0000035373
**File Stem:** 0001752724-23-034759
**Filing Date:** 2023-2
**Character Count:** 287609
**Document Hash:** 884cc8d10e56a513ce09ca86d40d27ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-034759.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-034759

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY MUNICIPAL TRUST
- **CENTRAL INDEX KEY:** 0000035373
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02628
- **FILM NUMBER:** 23656796

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNICIPAL BOND FUND/MA/
- **DATE OF NAME CHANGE:** 19860327

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19850503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY MUNICIPAL BOND FUND LTD
- **DATE OF NAME CHANGE:** 19770201

## Series and Classes Contracts Data

### Fidelity Conservative Income Municipal Bond Fund (Series ID: S000042537)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000131628 | Fidelity Conservative Income Municipal Bond Fund | FCRDX           |
| C000131629 | Institutional Class                              | FMNDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Municipal Trust

- **b. Investment Company Act file number:** 811-02628

- **c. CIK number of Registrant:** 0000035373

- **d. LEI of Registrant:** MC33ZH3HL1S8YN987650

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Conservative Income Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000042537

- **c. LEI of Series:** 549300Q02I54MSXQ2O87

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2496075653.57

**Total Liabilities:** $6563722.28

**Net Assets:** $2489511931.29

**Cash Not Reported:** $27740111.46

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 22851.15005350 | **1-Year:** 77547.17230950 | **5-Year:** 43788.34255350 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 5.16101000 | **1-Year:** 376.16634950 | **5-Year:** 199.16407950 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131629 | 0.15%                | 0.44%                | 0.21%                |
| Class ID C000131628 | 0.04%                | 0.54%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5767.94                 | $-350031.42                                |
| Month 2  | $-1319.71                | $9327423.69                                |
| Month 3  | $10078.78                | $-102874.46                                |

### Schedule of Portfolio Investments

| Name                                                                                      | Title                                                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2023                                                                             | CUSIP: 64966LTB7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    430000 | PA      | $434953.94    | 0.02%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2024 @                                                                    | CUSIP: 646080RY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4531629.96   | 0.18%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | STANTON CNTY NEB INDL DEV REV VAR-NUCOR CORP PROJ                                              | CUSIP: 854743AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.01%             | 2028-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HI ARPT 2022-XM1055-INV Q=MO D7@                                                               | CUSIP: 88035DK38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3400000.00   | 0.14%             | 2047-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA AVIAT REV                                                             | MIAMI-DADE AVI 5% 10/01/2024                                                                   | CUSIP: 59333PE46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $896371.14    | 0.04%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT AUTHORITY 5% 7/15/2025 @                                                                  | CUSIP: 73358XAE2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    515000 | PA      | $535021.60    | 0.02%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2025                                                                       | CUSIP: 213185MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4605636.96   | 0.19%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 11/1/2023                                                                        | CUSIP: 49151FK66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1047148.26   | 0.04%             | 2023-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUSSEX CNTY VA INDL DEV AUTH                                                              | SUSSX VA IDA 2.40% MT@                                                                         | CUSIP: 869279AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7978398.40   | 0.32%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2023@                                                                      | CUSIP: 544445HV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1875609.61   | 0.08%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA CMNTY CHOICE FIN AUTH 2022-XF3007-NUV Q=MO D7                                               | CUSIP: 88035DDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $11900000.00  | 0.48%             | 2053-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 5/1/2046 MT@                                                                    | CUSIP: 605155BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2996415.90   | 0.12%             | 2046-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANA ST DEV FIN AU SOL WST                                                             | IN ST DFA SW 2.95% 10/1/2031 MT @                                                              | CUSIP: 454906AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504715.25   | 0.10%             | 2031-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2024 @                                                                    | CUSIP: 646080VJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $339379.16    | 0.01%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 4% 11/15/2023                                                                       | CUSIP: 213185MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1568122.30   | 0.06%             | 2023-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN CONS                                                              | MD DOT CONS TRN 5% 12/1/2024 Q                                                                 | CUSIP: 574204T60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $574024.50    | 0.02%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5% 7/1/2045 AMT                                                                   | CUSIP: 837123GP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2706376.40   | 0.11%             | 2045-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL SALES TAX REV                                                               | COOK CNY IL STR 5% 11/15/2025                                                                  | CUSIP: 213248CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $713871.09    | 0.03%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTH.                                                                          | GUAM POWER AUTH 5% 10/1/2023 Q                                                                 | CUSIP: 400653JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1559191.60   | 0.06%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NJ ST 2017-XF0533-OPP Q=JPMC BK D7                                                             | CUSIP: 88033YFN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3750000.00   | 0.15%             | 2028-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | N CENTRAL TX MFH WAXAHACHIE APTS 2021-XF1099-RSZ DB/DB D7                                      | CUSIP: 88034XUG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900000.00   | 0.12%             | 2061-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST GO 22A 1/15/23                                                                           | CUSIP: 20772KPD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6705000 | PA      | $6704751.24   | 0.27%             | 2023-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2025 @                                                                     | CUSIP: 735389T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2617735.24   | 0.11%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJECT                                                             | CENTRAL PLAINS 4% G=RC 8/1/2023                                                                | CUSIP: 154872AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1171155.96   | 0.05%             | 2023-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CO ST COMMONSPIRIT HLTH 2022-XM1061-ALL Q=JPMC BK D                                            | CUSIP: 88035DU37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4180000 | PA      | $4180000.00   | 0.17%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSINCOME TAX REV                                               | NEW YORK ST D 5% 3/15/2023                                                                     | CUSIP: 64990FHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $712779.01    | 0.03%             | 2023-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5.50% 10/1/2024 AMT                                                            | CUSIP: 432308C51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1446144.33   | 0.06%             | 2024-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OHIO ST HOSP RE 2013 B V7                                                                      | CUSIP: 67756CCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7800000.00   | 0.31%             | 2033-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE URBAN DEVELOPMENT CORP                                                     | NY STATE UR D 5% 3/15/2023                                                                     | CUSIP: 650036BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $517156.36    | 0.02%             | 2023-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX INDPT SCH DIST                                                                | CRANDALL TX ISD 0% 8/15/2024                                                                   | CUSIP: 224381TN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $727770.20    | 0.03%             | 2024-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 4/1/2024                                                                    | CUSIP: 70879QQE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1085634.40   | 0.04%             | 2024-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | ST JAMES PARISH LA REV VAR-NUCOR STEEL LLC PJ-SER B-2                                          | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15000000.00  | 0.60%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OAKLAND UNIV MICH REV                                                                     | OAKLAND-U MI 5% 3/1/2024                                                                       | CUSIP: 673588KB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $357851.17    | 0.01%             | 2024-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                              | CONNECTICUT S .40% 11/15/2023 @                                                                | CUSIP: 20775HEY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293247.78    | 0.01%             | 2023-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/23@                                                                         | CUSIP: 92428CKS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1157650.84   | 0.05%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2025                                                                            | CUSIP: 62620HAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206998.06    | 0.01%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                                     | MI FIN AUTH 5% 10/1/2024                                                                       | CUSIP: 59447PK42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1923706.22   | 0.08%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2024                                                                       | CUSIP: 735389T65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2733170.87   | 0.11%             | 2024-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 7/15/2025 @                                                                      | CUSIP: 73358W5A8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2072559.42   | 0.08%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | OH ST MFH MUSICIANS TWRS 2020-XF1092-ARC DB/DB D7                                              | CUSIP: 88034W4L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12200000 | PA      | $12200000.00  | 0.49%             | 2060-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS .60% 7/1/2023 @                                                                | CUSIP: 60416TBP2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    225000 | PA      | $221767.56    | 0.01%             | 2023-07-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| OHIO ST TPK COMMN TPK REV                                                                 | OH TPK 5% 2/15/2025Q                                                                           | CUSIP: 67760HNM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1927741.69   | 0.08%             | 2025-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HILLSBOROUGH FL TAMPA INTL AIRPORT 2022-XL0290-NUV Q=DB D7@                                    | CUSIP: 88035A8N4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8390000 | PA      | $8390000.00   | 0.34%             | 2052-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REV                                                               | SAN ANT TX ARPT 5% 7/1/2023 @                                                                  | CUSIP: 796242TV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402754.84    | 0.02%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5% 7/1/2023@                                                                      | CUSIP: 837123JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008740.00   | 0.04%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2023 @                                                                    | CUSIP: 646080RX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3547635.35   | 0.14%             | 2023-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GREENVLE SC HSP 2015 XF0145 D7                                                                 | CUSIP: 88033LVQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5100000.00   | 0.20%             | 2039-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 .50% 11/1/2023                                                                  | CUSIP: 646108U24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1774287.37   | 0.07%             | 2023-11-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2025 @                                                                 | CUSIP: 3922744C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $605673.32    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2023 @                                                                     | CUSIP: 73358XBU5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3485827.91   | 0.14%             | 2023-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/23                                                                               | CUSIP: 64966MP52<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    685000 | PA      | $692891.75    | 0.03%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HR ED SUPP LOAN                                                            | CHESLA 5% 11/15/2023                                                                           | CUSIP: 207743VN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $229076.84    | 0.01%             | 2023-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MA ED LN AUTH 2016 XF2306 D7@                                                                  | CUSIP: 88033SMP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7600000.00   | 0.31%             | 2033-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | LA HSG GALILEE SR MFH 2022-XF1121-RSZ DB/DB D7                                                 | CUSIP: 88034YKS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5900000.00   | 0.24%             | 2062-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | STATE OF ILLINO 5% 3/1/2023                                                                    | CUSIP: 452153AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275586.11    | 0.01%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA ARIZ PLEDGED REV                                                                     | YUMA ARIZ PLEDG 4% 7/1/2024                                                                    | CUSIP: 98851WAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304757.04    | 0.01%             | 2024-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 4% 11/1/2023                                                                           | CUSIP: 6262076E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $899461.49    | 0.04%             | 2023-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY ST TRANSN TR FD CAP APPREC-TRANSN SYS-SER C AMBAC                                   | CUSIP: 646136EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $149890.83    | 0.01%             | 2024-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GILLIAM CO OR SLD WST DISP REV                                                            | GILLIAM CNTY OR 2.40% MT@                                                                      | CUSIP: 37580TAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8100000 | PA      | $8078128.38   | 0.32%             | 2025-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AUSTIN TX MFH BELMONT APTS 2021-XF1102-ARC DB/DB D7                                            | CUSIP: 88034X5B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4645000 | PA      | $4645000.00   | 0.19%             | 2061-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OAKLAND UNIV MICH REV                                                                     | OAKLAND-U MI 5% 3/1/2025                                                                       | CUSIP: 673588KC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1237647.06   | 0.05%             | 2025-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                            | NJ TOBACCO 5% 06/01/23                                                                         | CUSIP: 888808GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4960000 | PA      | $4985534.08   | 0.20%             | 2023-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2023                                                                       | CUSIP: 73358WYU2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508096.80    | 0.02%             | 2023-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DECATUR AL INDL DEV BRD EXEMPT                                                            | DECATUR AL INDL DEV BRD VAR-REF-NUCOR STEEL DECATUR-A G=NUCOR CORP ***AMT***                   | CUSIP: 242846AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1760000.00   | 0.07%             | 2036-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 2.90% MT                                                                         | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $596406.42    | 0.02%             | 2034-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REV                                                                 | MI ST BLDG AUTH 20-III V397                                                                    | CUSIP: 594615HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.14%             | 2042-10-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 3% 1/15/2023                                                                             | CUSIP: 20772KLJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1049961.05   | 0.04%             | 2023-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5.25% 12/15/2023                                                                     | CUSIP: 646136EJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356337.45    | 0.01%             | 2023-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 4% 4/1/2048 MT                                                                 | CUSIP: 74440DAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3838247.41   | 0.15%             | 2048-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5.25% 7/1/2055 @                                                                  | CUSIP: 837123KW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2271662.33   | 0.09%             | 2055-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | STATE OF ILLINO 5% 3/1/2023                                                                    | CUSIP: 452153AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230490.20    | 0.01%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                             | NJ ST 5% 6/1/2025                                                                              | CUSIP: 646039YJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4948893.20   | 0.20%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2026                                                                      | CUSIP: 66285WE77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1217024.53   | 0.05%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA HFA REV 2022-MIZ9097 MZ/MZ D7                                                               | CUSIP: 60700HMD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2905000 | PA      | $2905000.00   | 0.12%             | 2062-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 2% MT                                                                          | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8040000 | PA      | $7990348.98   | 0.32%             | 2037-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                              | AZ HLTH REV 5% 12/1/2024                                                                       | CUSIP: 040507PE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036674.70   | 0.04%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                                    | CUSIP: 646080WH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2730240.98   | 0.11%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV                                            | CA STWD STUDENT 4% 5/15/2023                                                                   | CUSIP: 13078RHH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2506183.00   | 0.10%             | 2023-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2023                                                                           | CUSIP: 54811BSG7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1343566.96   | 0.05%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LA MFH PEACE LAKE TOWERS APTS 2020-MIZ9053 MZ/MZ D35                                           | CUSIP: 60700HGE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.06%             | 2060-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 1/15/2023                                                                             | CUSIP: 20772KJG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1265729.40   | 0.05%             | 2023-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NJ TRANSP FD 2021-XM0929-MST Q=JPMC BK D7                                                      | CUSIP: 88034XXV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.06%             | 2050-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2023 AMT                                                                  | CUSIP: 79766DER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1318317.45   | 0.05%             | 2023-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 4/1/2025 @                                                                     | CUSIP: 735389G36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $543476.17    | 0.02%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAN FRAN C and C MFH TRANSBAY BLK8 TWR APTS 2021-MIZ9063 MZ/MZ D35                             | CUSIP: 60700HHF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23330000 | PA      | $23330000.00  | 0.94%             | 2056-11-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO ILL PK DIST                                                                       | CHICAGO PK SER B 5% 1/1/2024                                                                   | CUSIP: 167615TH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $625483.54    | 0.03%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2024                                                                    | CUSIP: 523470GC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1562533.31   | 0.06%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDPT SCH DIST                                                                 | HOUSTON TX ISD 5% 2/15/2023                                                                    | CUSIP: 442403KR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $726636.76    | 0.03%             | 2023-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV                                                   | CTA TRNST GARVE 5% 6/1/2024                                                                    | CUSIP: 167723HB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $640616.44    | 0.03%             | 2024-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                                        | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7298447.29   | 0.29%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2024 @                                                                     | CUSIP: 735389N87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4675000 | PA      | $4785608.16   | 0.19%             | 2024-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY IDA REV                                                                  | NYC IDA 5% 1/1/2026                                                                            | CUSIP: 64971PKU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $634263.54    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REV                                                               | SAN ANT TX ARPT 5% 7/1/2023 @                                                                  | CUSIP: 796242TG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $448064.76    | 0.02%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OHIO MED UNIV GEN RCPTS                                                         | NE OHIO MED UNI 5% 12/1/2025                                                                   | CUSIP: 66433RCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $279905.80    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | DASNY NORTHWELL HEALTH 2022-XF1328-LA Q=JPMC BK D7                                             | CUSIP: 88035AA84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5450000.00   | 0.22%             | 2052-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MET GOV NASH and DVDSN TN BRIARVILLE APTS 2020-XF1097-ARC DB/DB D7                             | CUSIP: 88034XRP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9800000 | PA      | $9800000.00   | 0.39%             | 2060-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21B MT@                                                        | CUSIP: 13048RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22300000 | PA      | $22287233.25  | 0.90%             | 2051-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                            | DFW ARPT 5% 11/1/2023 @                                                                        | CUSIP: 235036N48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $10877070.38  | 0.44%             | 2023-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 2.875% MT                                                                         | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3527575.12   | 0.14%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OAKLAND UNIV MICH REV                                                                     | OAKLAND-U MI 5% 3/1/2025                                                                       | CUSIP: 673588JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208885.58    | 0.01%             | 2025-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 9/1/2023 @                                                                     | CUSIP: 735389J58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2125784.64   | 0.09%             | 2023-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WALLED LAKE MI CONS SCH DIST                                                              | WALLD LKE MI SD 4% 5/1/2023                                                                    | CUSIP: 932423VZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1675256.33   | 0.07%             | 2023-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/23                                                                      | CUSIP: 75076PAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6220000 | PA      | $6265596.95   | 0.25%             | 2023-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA ARIZ PLEDGED REV                                                                     | YUMA ARIZ PLEDG 4% 7/1/2023                                                                    | CUSIP: 98851WAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $326536.50    | 0.01%             | 2023-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE CM HSP                                                            | NC MED CARE HSP 5% MT                                                                          | CUSIP: 65820HN90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4204295.49   | 0.17%             | 2051-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 12/1/2025                                                                 | CUSIP: 09182TBY2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    530000 | PA      | $547175.07    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY IDA REV                                                                  | NYC IDA 5% 1/1/2024                                                                            | CUSIP: 64971PKS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $686903.69    | 0.03%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 5% MT                                                                            | CUSIP: 160853VF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2618731.79   | 0.11%             | 2050-01-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP_ 5% 8/1/2023                                                                        | CUSIP: 49151FHF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4147000.35   | 0.17%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DIRECTOR ST NV DPT BUS and IND SOLID WASTE DISP REV                                       | NV SLD WST 1.875% 12/1/2026 @ MT                                                               | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3343146.24   | 0.13%             | 2026-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                              | CONNECTICUT S 5% 5/15/2023 @                                                                   | CUSIP: 20775HBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $447450.53    | 0.02%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2023 @                                                                 | CUSIP: 052398GA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $663991.64    | 0.03%             | 2023-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | UT MFH RIVER ROCK APT 2021-XF1100-ARC DB/DB D7                                                 | CUSIP: 88034XYY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8300000 | PA      | $8300000.00   | 0.33%             | 2065-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7                                                      | CUSIP: 88035DDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500000.00   | 0.30%             | 2043-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKEECHOBEE CNTY FL SOLID WSTE                                                             | OKEECHOBEE FL 7/1/2039 MT                                                                      | CUSIP: 678438AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1410709.95   | 0.06%             | 2039-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST                                                                               | MI ST 5% 3/15/2024                                                                             | CUSIP: 594612DF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513112.60    | 0.02%             | 2024-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                                                 | CLARK CO NV SD 5% 6/15/2023                                                                    | CUSIP: 181059VR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2738382.39   | 0.11%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | UT HSG MF 2022-XF1138-ARC DB/DB D7                                                             | CUSIP: 88035AU74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5620000.00   | 0.23%             | 2065-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | GLENDALE AZ (SUN HLTH) BC22-014 BC/BC DR42                                                     | CUSIP: 76252PTG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.19%             | 2054-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                                      | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3660000.00   | 0.15%             | 2062-08-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 8/1/2023                                                                         | CUSIP: 49151FGC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $632164.69    | 0.03%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REV                                                               | PHILA PA 71783M 5% 8/1/2023                                                                    | CUSIP: 71783MAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $787469.59    | 0.03%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2023                                                                       | CUSIP: 213185LQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $395320.46    | 0.02%             | 2023-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                                                               | MD ST 5% 8/1/2023                                                                              | CUSIP: 574193MB1<br>LEI: 1KB5EZVJRET62OYIKM77 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1143666.22   | 0.05%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5.25% 11/15/2026                                                                | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3731760.55   | 0.15%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2024 @                                                                  | CUSIP: 603827H90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $572972.43    | 0.02%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COATESVILLE PA AREA SCH DIST                                                              | COATESVILLE ARE 5% 8/1/2023                                                                    | CUSIP: 190684PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $899641.99    | 0.04%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2026                                                                            | CUSIP: 62620HET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $387743.77    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2024 @                                                                    | CUSIP: 57563RSV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $536301.89    | 0.02%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJECT                                                             | CENTRAL PLAINS 4% G=RC 2/1/2023                                                                | CUSIP: 154872AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1060051.09   | 0.04%             | 2023-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 1/1/2024 AMT                                                                  | CUSIP: 57563RMH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18160000 | PA      | $18416246.68  | 0.74%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                             | NJ ST 2% 6/1/2025                                                                              | CUSIP: 646039YW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1536671.92   | 0.06%             | 2025-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 9/1/2024 @                                                                     | CUSIP: 735389J66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2286554.27   | 0.09%             | 2024-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 4% 1/15/2024                                                                             | CUSIP: 20772KLK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $470472.68    | 0.02%             | 2024-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SYRACUSE REGIONAL AIRPORT AUTHORITY                                                       | SYRACUSE REGION 5% 7/1/2024                                                                    | CUSIP: 871740AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $786576.10    | 0.03%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST STAD AUTH BUILT LEARN REV                                                     | MARYLAND ST STA 5% 6/1/2025                                                                    | CUSIP: 574294BA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $950115.61    | 0.04%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2025@                                                                     | CUSIP: 167593Y97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2315559.38   | 0.09%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA C 5% MT                                                                           | CUSIP: 56682HCN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $971372.59    | 0.04%             | 2048-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 12/1/2023                                                                 | CUSIP: 09182TBU0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    530000 | PA      | $534880.98    | 0.02%             | 2023-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WHITING IND ENVIRONMENTAL FACS                                                            | WHITING IN ENV 5% 3/1/2046 AMT                                                                 | CUSIP: 96634RAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8711358.72   | 0.35%             | 2046-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                                  | MASS DEVEL FIN 5% 10/1/2024                                                                    | CUSIP: 57584YP29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $928356.75    | 0.04%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST STAD AUTH BUILT LEARN REV                                                     | MARYLAND ST STA 5% 6/1/2024                                                                    | CUSIP: 574294AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $750478.69    | 0.03%             | 2024-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MEMPHIS TN HOPE HEIGHTS TWR 2022-XF1144-ARC DB/DB D7                                           | CUSIP: 88035DMH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7880000 | PA      | $7880000.00   | 0.32%             | 2062-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY ST TRANSN TR FD 5.25% 12/15/23                                                      | CUSIP: 646136YC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $834847.74    | 0.03%             | 2023-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2023 Q                                                                  | CUSIP: 97712JFG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1023580.86   | 0.04%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 3% 1/15/2024                                                                             | CUSIP: 20772KLL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500842.45    | 0.02%             | 2024-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 10/1/2023                                                                   | CUSIP: 70879QQD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1151182.60   | 0.05%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DV AU POLLN CTL                                                            | BARTOW GA PCR 2.75% 3/15/23 MT                                                                 | CUSIP: 069643BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12025000 | PA      | $12001375.69  | 0.48%             | 2032-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY IL UNIV REV                                                                    | UNIV IL 5% 4/1/2025                                                                            | CUSIP: 914353ZE0<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250923.10    | 0.01%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2023 @                                                                  | CUSIP: 592190MC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $684848.74    | 0.03%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC INDL DEV REV                                                             | BERKELEY CNTY S C INDL DEV REV ADJ-NUCOR CORP REV@                                             | CUSIP: 084185DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 0.05%             | 2028-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CO ST COMMONSPIRIT HLTH 2022-XM1059-ALL Q=JPMC BK D7                                           | CUSIP: 88035DT54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1620000.00   | 0.07%             | 2042-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CO HOSP AUTH HOSP R                                                            | UNIV CO HOSP 4% MT                                                                             | CUSIP: 914183BP2<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | DBT              | MUN               | US        |    700000 | PA      | $717441.76    | 0.03%             | 2047-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | TX ST PRIV ACTIVITY SEGMENT 3C PROJ 2019-XM0756-MST DB/DB D7@                                  | CUSIP: 88034RL94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3400000.00   | 0.14%             | 2058-06-30      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2024 Q                                                                  | CUSIP: 97712JFH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4465000 | PA      | $4617209.62   | 0.19%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU 5% 4/15/2025                                                                   | CUSIP: 59447T3E1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2971744.48   | 0.12%             | 2025-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT ARTHUR TX INDPT SCH DIST                                                             | PORT ARTHUR ISD 5% 2/15/2025                                                                   | CUSIP: 733505ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $628232.76    | 0.03%             | 2025-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT AUTHORITY 5% 7/15/2023 @                                                                  | CUSIP: 73358XAC6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2769052.83   | 0.11%             | 2023-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 .40% 4/1/2023                                                                  | CUSIP: 70879QNZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $282971.68    | 0.01%             | 2023-04-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WATER RECL DIST                                                            | CHICAGO MET WAT 5% 12/1/2023                                                                   | CUSIP: 167560VL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3880000 | PA      | $3948167.33   | 0.16%             | 2023-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2024 Q                                                                         | CUSIP: 54811GJ50<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1672595.32   | 0.07%             | 2024-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DIRCTR ST NEV DEPT BUS and INDUS                                                          | NV BRIGHTLINE WEST 20A MT@                                                                     | CUSIP: 25457VBR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7100000 | PA      | $7086301.97   | 0.28%             | 2050-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | BALTIMORE MD OAK CREST VLG BC22-032 BC/BC D42                                                  | CUSIP: 76252PVZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3220000.00   | 0.13%             | 2050-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2024                                                                       | CUSIP: 213185MS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5940000 | PA      | $6131355.32   | 0.25%             | 2024-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA (Callable) (NJ ST) 5% 3/1/23                                                            | CUSIP: 645918M42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1539716.59   | 0.06%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                            | SOUTHEAST ENERG 4% 6/1/2024                                                                    | CUSIP: 84136FAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $510609.96    | 0.02%             | 2024-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | MEADE CNTY KY NUCOR 20A1 V1@                                                                   | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20640000 | PA      | $20640000.00  | 0.83%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV SR XX 5% 6/15/23                                                                    | CUSIP: 64577BKG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $830892.15    | 0.03%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2024 @                                                                 | CUSIP: 052398GB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515740.75    | 0.02%             | 2024-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 4/1/2023                                                                         | CUSIP: 49151FSX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1396454.60   | 0.06%             | 2023-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATLE WASH SPL FAC REV                                                              | PORT SEATTLE WASH SPL FAC REV                                                                  | CUSIP: 735397CJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $849577.45    | 0.03%             | 2023-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | TX MFH NARROW APTS 2021-XF1131-ARC DB/DB D7                                                    | CUSIP: 88034YP20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10580000 | PA      | $10580000.00  | 0.42%             | 2061-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO OHARE IL 2022-XM1038-MST AGM/JPMC BK D7@                                               | CUSIP: 88035DSM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  39900000 | PA      | $39900000.00  | 1.60%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CO MFH STEELE SAN JUAN LLC 2021-MIZ9068 MZ/MZ D35                                              | CUSIP: 60700HHT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.01%             | 2061-01-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| SAN JOSE CALIF ARPT REV                                                                   | SAN JOSE ARPT 5% 3/1/2025                                                                      | CUSIP: 798136XG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $393187.39    | 0.02%             | 2025-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV                                            | MICHIGAN MT 2.50% 6/1/2025                                                                     | CUSIP: 594654QN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1195624.27   | 0.05%             | 2025-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2026 @                                                                  | CUSIP: 717817XG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048122.00   | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2023                                                                             | CUSIP: 64966LV65<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2179827.32   | 0.09%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025 @                                                                 | CUSIP: 249182QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1934731.30   | 0.08%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026@                                                                     | CUSIP: 167593Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1249656.96   | 0.05%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WYLIE TEX INDPT SCH DIST                                                                  | WYLIE TX ISD 0% 8/15/2023                                                                      | CUSIP: 9830686M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2985000 | PA      | $2928929.46   | 0.12%             | 2023-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/25@                                                                         | CUSIP: 73358WR55<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2051967.76   | 0.08%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSET/LIABILITY COMMI                                                            | KENTUCKY ASSET/ 5% 11/1/2024                                                                   | CUSIP: 491189GC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039010.20   | 0.04%             | 2024-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA ST MFH KENSINGTON APTS 2022-MIZ9113 MZ/MZ D35                                               | CUSIP: 60700HPB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.13%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                                    | PA THO JFFRSN U 17B RFLOAT7                                                                    | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5250000.00   | 0.21%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEBRASKA PUB PWR DIST REV                                                                 | NE PPD 5% 1/1/2025                                                                             | CUSIP: 63968AV36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $678759.77    | 0.03%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 0% 4/1/2049 @ MT                                                                    | CUSIP: 708692BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7195878.00   | 0.29%             | 2049-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL POLL CTL REV                                                             | ESCAMBIA FL PCR 2.60% 6/1/2023                                                                 | CUSIP: 296130CG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5129701.79   | 0.21%             | 2023-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H HOSP REV                                                            | NATIONAL FI AUT 5% 8/15/2023                                                                   | CUSIP: 63609XAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $409005.05    | 0.02%             | 2023-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2024                                                                     | CUSIP: 09182TBF3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1546618.24   | 0.06%             | 2024-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                              | CONNECTICUT S .35% 5/15/2023 @                                                                 | CUSIP: 20775HEX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247529.95    | 0.01%             | 2023-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                                                 | IL SALES TAX 5% 6/15/2025                                                                      | CUSIP: 452227RZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $278046.05    | 0.01%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | KANSAS CITY MO ARPT 2022-XL0336-INV Q=JPMC BK D7@                                              | CUSIP: 88035DM69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9600000.00   | 0.39%             | 2054-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5% 10/1/2025 @                                                                 | CUSIP: 432308M50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $787975.83    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                            | PHX CVC APT REV 5% 07/01/2023 AMT                                                              | CUSIP: 71883MHW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $528488.00    | 0.02%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                             | WI HSG EDA 0.61% MT                                                                            | CUSIP: 9769042M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $290337.49    | 0.01%             | 2042-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2025                                                                    | CUSIP: 267169GY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2939476.07   | 0.12%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | IL HSG MFH 2016-XG0093-NUV DB/DB D7@                                                           | CUSIP: 88033SQ31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4490000 | PA      | $4490000.00   | 0.18%             | 2041-04-20      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2024                                                                    | CUSIP: 469487SZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $602178.27    | 0.02%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONS INDPT SCHL DIST                                                              | HAYS TX ISD 5% 2/15/2026                                                                       | CUSIP: 4211106K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $749033.39    | 0.03%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 10/1/2025                                                                   | CUSIP: 70879QQH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1158382.17   | 0.05%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OHIO ST HOSP RE 2015B V7                                                                       | CUSIP: 67756CCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2875000.00   | 0.12%             | 2045-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2023                                                                           | CUSIP: 54811GZP8<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006417.20   | 0.04%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/1/2023                                                                   | CUSIP: 19648FVX9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405054.48    | 0.02%             | 2023-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NYS LIBERTY DEV 3WTC 2020-XM0844-MST DB/DB D7                                                  | CUSIP: 88034WDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8165000 | PA      | $8165000.00   | 0.33%             | 2044-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2023                                                                           | CUSIP: 54811GG20<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509625.80   | 0.06%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2024 @                                                                    | CUSIP: 79766DSH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $563846.69    | 0.02%             | 2024-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FINGAUTH UPMC REV                                               | PENNSYLVANIA EC 5% 2/15/2025                                                                   | CUSIP: 70870JDM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $166289.68    | 0.01%             | 2025-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2024                                                                      | CUSIP: 646080UB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $575040.61    | 0.02%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 4/1/2023 @                                                                  | CUSIP: 70879QMA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330857.01    | 0.01%             | 2023-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2024                                                                              | CUSIP: 452153DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4105000 | PA      | $4161964.67   | 0.17%             | 2024-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 3/1/2023                                                                    | CUSIP: 56035DAH5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    720000 | PA      | $720134.42    | 0.03%             | 2023-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2025                                                                     | CUSIP: 09182TBG1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1634496.86   | 0.07%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENGY ACQ CRP GAS REV                                                            | TENN ENERGY ACQ 4% 05/01/48                                                                    | CUSIP: 880443HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12325000 | PA      | $12344939.39  | 0.50%             | 2048-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS .70% 7/1/2024 @                                                                | CUSIP: 60416TBR8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    200000 | PA      | $191912.92    | 0.01%             | 2024-07-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OHIO MED UNIV GEN RCPTS                                                         | NE OHIO MED UNI 5% 12/1/2024                                                                   | CUSIP: 66433RCF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259262.95    | 0.01%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE MEM HEALTH SYS FL HOSP REV                                                            | LEE MEM HLTH RFLOAT V7                                                                         | CUSIP: 52385LDS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19270000 | PA      | $19270000.00  | 0.77%             | 2049-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER                                      | CUSIP: 646136XC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $945378.63    | 0.04%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 8/1/45 MT@                                                                          | CUSIP: 708692BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9100000 | PA      | $9099600.51   | 0.37%             | 2045-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK INTEGRIS HLTH 20B V7                                                                        | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16000000.00  | 0.64%             | 2031-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5% 6/15/2024                                                                        | CUSIP: 64577BKS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512600.00    | 0.02%             | 2024-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/24@                                                                    | CUSIP: 592647HD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7391085.12   | 0.30%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2026 @                                                                  | CUSIP: 603827J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $942449.62    | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | KY ST TPK ECON DEV 2017-XF2484-NUV Q=MO D7                                                     | CUSIP: 88033YMS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1780000.00   | 0.07%             | 2037-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGYS C GAS SUPPLY REV                                          | PATRIOTS EN GRP 4% 10/1/2048 MT                                                                | CUSIP: 70342PAK0<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  29755000 | PA      | $29728729.31  | 1.19%             | 2048-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                                   | MIAMI-DADE SLW 2.85% MT@                                                                       | CUSIP: 59333GAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2342637.60   | 0.09%             | 2023-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                                  | MASS DEVEL FIN 5% SER DD-2 MT                                                                  | CUSIP: 57584YSN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2328230.22   | 0.09%             | 2033-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2023                                                                             | CUSIP: 452152P70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5354988.03   | 0.22%             | 2023-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2023                                                                    | CUSIP: 59261ASQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $800192.34    | 0.03%             | 2023-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ ST TRANSP 5% 6/15/2023                                                                      | CUSIP: 646136Z87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007542.60   | 0.04%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2026 @                                                                  | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $710203.21    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 0.9% MT                                                                        | CUSIP: 64972EK32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1142411.38   | 0.05%             | 2060-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2024 @                                                                  | CUSIP: 717817XE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $966034.57    | 0.04%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN AUTH IL                                                                   | IL RTA 5% 7/1/2023                                                                             | CUSIP: 7599112U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $600491.08    | 0.02%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 0% 6/15/2026                                                                 | CUSIP: 592248AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $998786.66    | 0.04%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2024 AMT                                                                   | CUSIP: 544445EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1089957.32   | 0.04%             | 2024-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C                                             | CUSIP: 735220AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.09%             | 2040-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2025                                                                    | CUSIP: 60416TTY4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1803653.45   | 0.07%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 1.10% 7/1/2033                                                                  | CUSIP: 20775DRS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3404291.76   | 0.14%             | 2033-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL OHARE 2022-XX1243-INV Q=BC D7@                                                      | CUSIP: 88035DZU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7150000 | PA      | $7150000.00   | 0.29%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST SER B 5% 5/15/25                                                                         | CUSIP: 20772JY97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $531816.66    | 0.02%             | 2025-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2024 @                                                                    | CUSIP: 646080WG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $910153.20    | 0.04%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | KANSAS CITY MO MFH RIDGEVIEW HEIGHTS APTS 2022-MIZ9086 MZ/MZ D35                               | CUSIP: 60700HKL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.06%             | 2061-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2024 @                                                                    | CUSIP: 646080VZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $442221.33    | 0.02%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEBRASKA PUB PWR DIST REV                                                                 | NE PPD 0.60% MT                                                                                | CUSIP: 63968A4D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1923007.71   | 0.08%             | 2051-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU 5% 4/15/2026                                                                   | CUSIP: 59447T3F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4735000 | PA      | $5049657.80   | 0.20%             | 2026-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                         | DC WA 4% 2/1/2024                                                                              | CUSIP: 25476FXZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $329216.19    | 0.01%             | 2024-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | TRANSP(NJ ST GARVEE) 5% 6/15/23                                                                | CUSIP: 6461363C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3264438.02   | 0.13%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025@                                                                     | CUSIP: 57563RPC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1479837.79   | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2024                                                                       | CUSIP: 213185LR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $464496.62    | 0.02%             | 2024-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025 @                                                                    | CUSIP: 57563RSW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1165840.43   | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 4% 12/1/2025 @                                                                 | CUSIP: 944514YK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1744033.65   | 0.07%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2023                                                                        | CUSIP: 2837344G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303791.10    | 0.01%             | 2023-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CO FL SLDWST RECV                                                            | HILLSBOROUGH CNTY SOLID WASTE 5% 9/1/2026                                                      | CUSIP: 432342DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2385369.43   | 0.10%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 2.25% 10/1/2032                                                                   | CUSIP: 121342PV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2284924.65   | 0.09%             | 2032-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | MT ST HSG MFH BOULEVARD APTS 2021-MIZ9062 MZ/MZ D35                                            | CUSIP: 60700HHC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1110000.00   | 0.04%             | 2060-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV SER NN 5% 3/1/2023                                                                  | CUSIP: 645918U92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1293093.03   | 0.05%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2023                                                                           | CUSIP: 54811BWZ0<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1197636.47   | 0.05%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 3/1/2023                                                                             | CUSIP: 64966QVD9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    545000 | PA      | $546718.33    | 0.02%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NYS THRUWAY REV SUB 2020-XM0831-INV Q=MO D7                                                    | CUSIP: 88034U7B8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4750000.00   | 0.19%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2024                                                                           | CUSIP: 54811BPH8<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1108222.67   | 0.04%             | 2024-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G SIFMA+87 MT                                                                | CUSIP: 79625GFV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8480000 | PA      | $8480045.79   | 0.34%             | 2048-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2024 @                                                                     | CUSIP: 735389F29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $891993.46    | 0.04%             | 2024-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/1/2024                                                                   | CUSIP: 19648FVY7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    430000 | PA      | $443206.46    | 0.02%             | 2024-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                                                 | CLARK CO NV SD 3% 6/15/2025                                                                    | CUSIP: 181059M78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503044.85    | 0.02%             | 2025-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 5/1/23                                                                           | CUSIP: 49151FYT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3567391.99   | 0.14%             | 2023-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 7/15/2024 Q                                                                           | CUSIP: 20772KNL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1818960.53   | 0.07%             | 2024-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COWETA CNTY GA DEV AU POLL CTL                                                            | COWETA CNTY GA DEV AUTH POLLUTN CTL REV VAR-YATES PJ-1ST-RMKT 03/24/08                         | CUSIP: 223657AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5600000.00   | 0.22%             | 2032-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 0% 11/15/2048                                                                    | CUSIP: 59261AXR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $814956.80    | 0.03%             | 2048-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2024 AMT                                                                  | CUSIP: 79766DKS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020725.00   | 0.04%             | 2024-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST SER B 5% 5/15/23                                                                         | CUSIP: 20772JY89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1480773.78   | 0.06%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA AVIAT REV                                                             | MIAMI-DADE AVI 5% 10/1/2023                                                                    | CUSIP: 59333P5K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1121162.95   | 0.05%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SAN FRANCISCO CA ARPTS 2022-XF3051-INV Q=MO D7@                                                | CUSIP: 88035EAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4900000.00   | 0.20%             | 2050-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                                                 | IL SALES TAX 4% 6/15/2023                                                                      | CUSIP: 452227RH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6065000 | PA      | $6079188.46   | 0.24%             | 2023-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA MUN FIN AUTH SOLID WASTE DISP REV WASTE MGMT INC PROJ-SER A                                 | CUSIP: 13048RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $706663.80    | 0.03%             | 2039-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 2/1/2023                                                                      | CUSIP: 59261AE78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4765000 | PA      | $4768480.36   | 0.19%             | 2023-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/01/25 @                                                                       | CUSIP: 762315QT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $909834.71    | 0.04%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC .83% 11/1/2048 MT@                                                              | CUSIP: 605155BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6835000 | PA      | $6627857.12   | 0.27%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PT HOUSTON                                                                                | PT HOUSTON 5% 10/1/2023                                                                        | CUSIP: 734262FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $446761.13    | 0.02%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA(Q=RCC) 1.94% 9/1/23MT 48                                                       | CUSIP: 56035DAL6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  25095000 | PA      | $24983565.65  | 1.00%             | 2048-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NJ ST TRANSP 2022-XM1047-ALL Q=JPMC BK D7                                                      | CUSIP: 88035DWX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7925000 | PA      | $7925000.00   | 0.32%             | 2035-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JEA FLA WTR and SWR SYS REV                                                               | JEA FL WTSW 5% 10/1/2023                                                                       | CUSIP: 46613P4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $908289.59    | 0.04%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OAKLAND UNIV MICH REV                                                                     | OAKLAND-U MI 5% 3/1/2024                                                                       | CUSIP: 673588JG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $178925.58    | 0.01%             | 2024-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | MEADE CNTY KY NUCOR 20B1 V1@                                                                   | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  57920000 | PA      | $57920000.00  | 2.33%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | WA EDFA PROPELLER ARPT BC18-05 BC/BC D42@                                                      | CUSIP: 76252PKK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9255000 | PA      | $9255000.00   | 0.37%             | 2047-03-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2024                                                                    | CUSIP: 64577XDJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $851968.43    | 0.03%             | 2024-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 8/1/2049                                                                    | CUSIP: 56035DCH3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2030062.12   | 0.08%             | 2049-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KENDALL KNE and WILL CO IL USD 308                                                        | KENDALL K and W IL 5.5% 2/1/23                                                                 | CUSIP: 488764UA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1472458.87   | 0.06%             | 2023-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/2023                                                                         | CUSIP: 646136U25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2870354.70   | 0.12%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MI FIN STATE AID 22A1 7/20/23 RAN                                                              | CUSIP: 59447T3Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2259224.49   | 0.09%             | 2023-07-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 4/1/2023                                                                    | CUSIP: 70879QQC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $843818.56    | 0.03%             | 2023-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2026                                                                    | CUSIP: 267169GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5253993.64   | 0.21%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4/1/2048                                                                       | CUSIP: 56035DAK8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6305000 | PA      | $6303011.40   | 0.25%             | 2048-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 5/1/2023                                                                         | CUSIP: 73358WWK6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    280000 | PA      | $281823.53    | 0.01%             | 2023-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GILLIAM CO OR SLD WST DISP REV                                                            | GILLIAM CNTY OR 2.40% MT@                                                                      | CUSIP: 37580TAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9950000 | PA      | $9923133.01   | 0.40%             | 2038-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OHIO MED UNIV GEN RCPTS                                                         | NE OHIO MED UNI 5% 12/1/2023                                                                   | CUSIP: 66433RCE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $360852.85    | 0.01%             | 2023-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/23@                                                                         | CUSIP: 73358WR30<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    870000 | PA      | $878026.79    | 0.04%             | 2023-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2025                                                                    | CUSIP: 64577XDK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048699.50   | 0.04%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 7/1/2040 MT@                                                                    | CUSIP: 605155BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3795460.14   | 0.15%             | 2040-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2026                                                                    | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1826738.57   | 0.07%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 4/1/2024                                                                              | CUSIP: 452152YT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1712263.81   | 0.07%             | 2024-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2023                                                                   | CUSIP: 249182JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $686870.69    | 0.03%             | 2023-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2023 @                                                                     | CUSIP: 735389N79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2660617.61   | 0.11%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OHIO HOSP REV                                                               | FRANKLN OH HOSP VAR MT                                                                         | CUSIP: 3531868M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $940591.30    | 0.04%             | 2033-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VERNON CALIF ELEC SYS REV                                                                 | VERNON CA ELEC 5% 10/1/2023                                                                    | CUSIP: 924397ED0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1360426.32   | 0.05%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT AUTHORITY 5% 7/15/2024 @                                                                  | CUSIP: 73358XAD4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3322038.20   | 0.13%             | 2024-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | PHOENIX AZ CIVIC IMPT ARPT 2018-ZM0615-BLK Q=RC D7@                                            | CUSIP: 88034MFJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.06%             | 2047-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GRIFFIN-SPALDING GA WELLSTAR HLTH 2018-XL0076-NUV Q=JPMC BK D7                                 | CUSIP: 88034MXV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300000.00   | 0.09%             | 2042-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | LYNCHBURG VA EDA CENTRA HLTH 2018-XL0075-NUV Q=JPMC BK D7                                      | CUSIP: 88034MXT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.20%             | 2047-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2025 @                                                                  | CUSIP: 603827J23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $380780.88    | 0.02%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA REV 2015-ZF0218-BLK Q=JPMC BK D7                                                        | CUSIP: 88033LF61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8100000 | PA      | $8100000.00   | 0.33%             | 2044-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                            | COCONINO AZ PC 1.875% MT@                                                                      | CUSIP: 191855BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1443650.02   | 0.06%             | 2032-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2023                                                                     | CUSIP: 20775DNT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176035.06    | 0.01%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 3% 6/15/2024Q                                                                | CUSIP: 592250EF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1853806.55   | 0.07%             | 2024-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 2.05/VAR MT@                                                                      | CUSIP: 130536PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600355.58   | 0.18%             | 2023-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2023 @                                                                 | CUSIP: 249182FC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500524.60    | 0.02%             | 2023-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVIRONMENTAL REV                                                     | INDIANA ST FIN 4.50% 12/15/2046 PRE @                                                          | CUSIP: 455054BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26350000 | PA      | $26333341.53  | 1.06%             | 2046-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                                    | COLORADO 2004 L=DB V7                                                                          | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1735000.00   | 0.07%             | 2029-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 5/1/50 MT@                                                                      | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9200000 | PA      | $9200711.16   | 0.37%             | 2050-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | FL MFH CORDOBA COURTS APTS 2021-MIZ9072 MZ/MZ D35                                              | CUSIP: 60700HJC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.03%             | 2061-09-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PREPAY REV                                              | BLACK BELT ENERGY 4% MT                                                                        | CUSIP: 09182RAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3403139.22   | 0.14%             | 2048-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2034 MT                                                                 | CUSIP: 59261AE60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1629301.12   | 0.07%             | 2034-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG CNTY S C REGL HEALTH SVCS DIST INC HOSP REV                                   | SPARTANBURG SC 5% 4/15/2023 Q                                                                  | CUSIP: 847113DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $411666.94    | 0.02%             | 2023-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RUTGERS ST UNIV NJ                                                                        | RUTGERS_ST UNIV 4% 5/1/2023                                                                    | CUSIP: 783186TL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $702180.50    | 0.03%             | 2023-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GREATER ORLANDO AVIATION 2017-XF0577-PRN Q=RC D7@                                              | CUSIP: 88033YSY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6665000 | PA      | $6665000.00   | 0.27%             | 2047-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/23@                                                                        | CUSIP: 544445BM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1709670.96   | 0.07%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                                    | CUSIP: 646080SN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2989161.03   | 0.12%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2023 @                                                                 | CUSIP: 54714CBP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2357541.77   | 0.09%             | 2023-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OKLA REVS                                                                      | UNIVERSITY OKL 5% 7/1/2023                                                                     | CUSIP: 91476PWY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1200749.51   | 0.05%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 1.20% MT                                                                            | CUSIP: 708692BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1699947.47   | 0.07%             | 2049-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY 1.65% MT                                                                               | CUSIP: 542691CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2464704.03   | 0.10%             | 2049-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MIAMI UNIV. OH                                                                            | MIAMI UNIV OH 5% 9/1/2023                                                                      | CUSIP: 593791KN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $926954.48    | 0.04%             | 2023-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | PIMA CNTY AZ IDA MFH RIO MERCADO 2020-XF1096-RSZ DB/DB D7                                      | CUSIP: 88034XQP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5040000 | PA      | $5040000.00   | 0.20%             | 2060-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 5% 9/1/2026                                                                    | CUSIP: 44237NGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540068.75   | 0.06%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | KY HSG CORP MF 2022-XG0387-R4 L=DB/DB D7                                                       | CUSIP: 88035DCE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17200000 | PA      | $17200000.00  | 0.69%             | 2061-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TENN INDL DEV BRD EXEMPT FACS REV           | METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TN INDL DEV WASTE MGMNT INC TENN PROJ ***AMT***@ | CUSIP: 592107AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $843943.59    | 0.03%             | 2031-08-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| PENNSLYVANIA DEV FING AUTH REV                                                            | PA EDFA 5% 3/15/2024                                                                           | CUSIP: 70869PLE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1277576.50   | 0.05%             | 2024-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5% 03/01/2025                                                                       | CUSIP: 645918T86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6910000 | PA      | $6929100.62   | 0.28%             | 2025-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV SER NN 5% 3/1/2024                                                                  | CUSIP: 645918T78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15560000 | PA      | $15601498.52  | 0.63%             | 2024-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | TX ST TECH COLLEGE 2022-XF1411-INV E-AGM/BA D7                                                 | CUSIP: 88035D5S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4540000 | PA      | $4540000.00   | 0.18%             | 2054-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2026 @                                                                       | CUSIP: 45528U4T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $423281.86    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2025                                                                            | CUSIP: 62620HES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365514.84    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2025                                                                              | CUSIP: 452153CL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2113577.23   | 0.08%             | 2025-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLYTHEVILLE AR INDL DEV REV                                                               | BLYTHEVILLE ARK INDL DEV REV VAR-NUCOR CORP PROJ                                               | CUSIP: 096490BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.10%             | 2028-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 8/15/2023                                                                             | CUSIP: 20772J2M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $607582.20    | 0.02%             | 2023-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 4/1/2024 @                                                                  | CUSIP: 70879QMC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $233590.07    | 0.01%             | 2024-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/23@                                                                    | CUSIP: 592647HC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1929503.58   | 0.08%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                                | LOUIS/JEFF HLTH 5% MT                                                                          | CUSIP: 54659LCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006993.40   | 0.04%             | 2047-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025                                                                   | CUSIP: 249182ST4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091601.40   | 0.08%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                         | DC WA 5% 2/1/2023                                                                              | CUSIP: 25476FYV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5007513.50   | 0.20%             | 2023-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELAWARE TRANSN AUTH GRNT ANTIC BDS                                                       | DE TRANSN AUTH 5% 9/1/2024                                                                     | CUSIP: 246419BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $879949.92    | 0.04%             | 2024-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                                      | ST LAWRENCE CNT 5% 7/1/2025                                                                    | CUSIP: 791078EC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $435430.24    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | ST JAMES PARISH LA REV VAR-NUCSTEEL LA-SER B-1                                                 | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  38000000 | PA      | $38000000.00  | 1.53%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2024 PRE                                                                  | CUSIP: 66285WH25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $316381.85    | 0.01%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                                | NATIONAL FN AT 2.15% MT@                                                                       | CUSIP: 63608RAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3853027.60   | 0.15%             | 2027-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2024                                                                      | CUSIP: 66285WH41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $642597.04    | 0.03%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REV                                                             | DE ST EDA 1.05% MT                                                                             | CUSIP: 246387SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $549075.56    | 0.02%             | 2031-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                           | BARTOW GA PWR BOWEN 2ND 22 V1@                                                                 | CUSIP: 06964KAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5220000 | PA      | $5220000.00   | 0.21%             | 2062-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                                                 | IL SALES TAX 4% 6/15/2024                                                                      | CUSIP: 452227RJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3212211.78   | 0.13%             | 2024-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                                   | UT CNTY UT HOSP 5% 5/15/2057                                                                   | CUSIP: 917393CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $988641.36    | 0.04%             | 2057-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                            | NJ TOBACCO 5% 6/1/2024                                                                         | CUSIP: 888808GZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2440322.88   | 0.10%             | 2024-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY N Y LOC ECONOMIC ASSISTANCE CORP MULTIFAMILY HSGREV                           | NASSAU CO NY .3% MT                                                                            | CUSIP: 63166NAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7810000 | PA      | $7545532.31   | 0.30%             | 2024-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 6/1/2026                                                                  | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1269236.71   | 0.05%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SCH BRD COP                                                                 | PASCO FL SB COP 5% 8/1/2026                                                                    | CUSIP: 702528MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1119961.82   | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10E Q=SELF V7                                                                 | CUSIP: 735220AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2475000.00   | 0.10%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LOS ANGELES MFH WILSHIRE STATION APTS 2022-MIZ9090 FRE/MZ D7@                                  | CUSIP: 60700HKY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  42900000 | PA      | $42900000.00  | 1.72%             | 2038-10-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY TRAN 5% 6/15/2024 Q                                                                 | CUSIP: 64613CAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1117468.00   | 0.04%             | 2024-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV(NJ ST) 5% 6/15/23                                                                   | CUSIP: 64577BSW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $629463.75    | 0.03%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                                  | SAN DIEGO ARPT 5% 7/1/2023 @                                                                   | CUSIP: 79739GLK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503321.90    | 0.02%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2024 @                                                                     | CUSIP: 544445QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511717.05    | 0.02%             | 2024-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 07/15/2025 AMT                                                                   | CUSIP: 73358WLZ5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015817.99   | 0.04%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                                     | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3595000 | PA      | $3775959.00   | 0.15%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2024                                                                    | CUSIP: 60416TTX6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1193099.99   | 0.05%             | 2024-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2024 @                                                                 | CUSIP: 249182PZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030565.90   | 0.04%             | 2024-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTH.                                                                          | GUAM POWER AUTH 5% 10/1/2024 Q                                                                 | CUSIP: 400653JP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1263777.60   | 0.05%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SALT LAKE UT ARPT 2017-XM0493-INV Q=MO D7@                                                     | CUSIP: 88033UE62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6300000.00   | 0.25%             | 2047-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | NV MFH SUMMIT CLUB 2022-MIZ9091 MZ/MZ D35                                                      | CUSIP: 60700HLD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8600000 | PA      | $8600000.00   | 0.35%             | 2058-02-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2024                                                                            | CUSIP: 6262077M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $340382.21    | 0.01%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2023                                                                    | CUSIP: 523470GB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3055393.82   | 0.12%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2025                                                                    | CUSIP: 469487TA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $481984.73    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 1.80% 7/1/2049 MT                                                               | CUSIP: 20775DBF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $948446.84    | 0.04%             | 2049-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AUSTIN TX ARPT 2022-XG0427-MST Q=MO D7@                                                        | CUSIP: 88035ENV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6800000.00   | 0.27%             | 2047-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/2026 @                                                                      | CUSIP: 92428CKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1783065.23   | 0.07%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV ARPT REV                                                                    | CLARK NV ARPT 5% 7/1/2024 @                                                                    | CUSIP: 18085PSS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1910529.63   | 0.08%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | IN ST HSG and CMNTY 2022-XF1141-RSZ DB/DB D7                                                   | CUSIP: 88035A5R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4300000.00   | 0.17%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PAULDING CNTY GA HOSP AUTH REV                                                            | PAULDING CNTY G 5% 4/1/2023                                                                    | CUSIP: 703596DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $566948.57    | 0.02%             | 2023-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | KY MFH ELKHORN CREEK APTS 2020-XF 1093-RSZ DB/DB D7                                            | CUSIP: 88034XJF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8300000 | PA      | $8300000.00   | 0.33%             | 2060-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHARLES CITY CNTY VA ECONOMIC DEV AUTH SOLID WASTE DISP REV                               | CHARLES VA SW 2.40% MT@                                                                        | CUSIP: 15976RAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9460000 | PA      | $9434456.11   | 0.38%             | 2027-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 3% 3/1/23                                                                               | CUSIP: 64966QVC1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300009.81    | 0.01%             | 2023-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2025@                                                                  | CUSIP: 052398HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1993757.13   | 0.08%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP L A                                                          | LA TOBACCO 5% 5/15/2023                                                                        | CUSIP: 88880PCA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2718719.64   | 0.11%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2025 @                                                                       | CUSIP: 45528U4S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87526.28     | 0.00%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LEE'S SUMMIT MO IDA ASHBROOKE TOWNHOMES 2020-MIZ9055 MZ/MZ D35                                 | CUSIP: 60700HGK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.02%             | 2060-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | MD HLTH INTEGRACE BC22-024 BC/BC DR42                                                          | CUSIP: 76252PUP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $6900000.00   | 0.28%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAN FRAN C and C MFH 1601 MARIPOSA APTS 2022-MIZ9095 MZ/MZ D35                                 | CUSIP: 60700HLU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27100000 | PA      | $27100000.00  | 1.09%             | 2057-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                                                   | OHIO ST 5% 3/1/2023                                                                            | CUSIP: 677523BE1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    510000 | PA      | $511632.56    | 0.02%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HOSP REV                                                               | MONTGMRY OH HSP 5% 8/1/2024                                                                    | CUSIP: 613520MN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205351.22    | 0.01%             | 2024-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 2.25% MT                                                                          | CUSIP: 121342PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1292728.71   | 0.05%             | 2032-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 5/1/2024 AMT                                                                     | CUSIP: 73358WVP6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2027352.30   | 0.08%             | 2024-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY                                               | NJ ST EDU AUT 5% 7/1/2024                                                                      | CUSIP: 646066TV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028430.80   | 0.04%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY 1% 9/1/2025                                                                            | CUSIP: 542691DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $1998235.37   | 0.08%             | 2025-09-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 2.15% MT@                                                                           | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $818768.37    | 0.03%             | 2041-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 5% MT @                                                                        | CUSIP: 158862BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  32185000 | PA      | $32698125.46  | 1.31%             | 2049-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HR ED SUPP LOAN                                                            | CHESLA 5% 11/15/2023 @                                                                         | CUSIP: 207743SN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $699542.63    | 0.03%             | 2023-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW SIFMA+40 MT @                                                                       | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2765240.71   | 0.11%             | 2041-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D7@                                | CUSIP: 60700HKS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28400000 | PA      | $28400000.00  | 1.14%             | 2042-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GRIFFIN-SPALDING CNTY GA HOSP REV                                                         | GRIFFIN HOSP 5% 4/1/2023                                                                       | CUSIP: 398258AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250923.10    | 0.01%             | 2023-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 6/1/2024                                                                  | CUSIP: 09182TBV8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    145000 | PA      | $147115.16    | 0.01%             | 2024-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                             | PA TPK 5% 12/1/2023                                                                            | CUSIP: 7092232B6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801109.36    | 0.03%             | 2023-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REV                                                                      | KING CNTY SWR 1/1/2042 MT                                                                      | CUSIP: 495290BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2118425.25   | 0.09%             | 2042-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HURST TX MFH GALA AT CENTRAL PK APTS 2020-XF1094-RSZ DB/DB D7                                  | CUSIP: 88034XJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3465000.00   | 0.14%             | 2060-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | STANTON CO NE INDUST DEV REV BDS (NUCOR CORP PROJ) SERIES 1996@                                | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5600000.00   | 0.22%             | 2026-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2024 @                                                                 | CUSIP: 114894XD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513696.95    | 0.02%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | TRIBOROUGH BRID 2% MT                                                                          | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913101.60    | 0.04%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 3% 4/15/24                                                                               | CUSIP: 20772KFQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501295.65    | 0.02%             | 2024-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TENN GAS REVENUE                                                            | TENNERGY CORP 5% MT                                                                            | CUSIP: 880397BG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21250000 | PA      | $21559519.00  | 0.87%             | 2050-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 1.17% MT@                                                                         | CUSIP: 130536RL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6599796.06   | 0.27%             | 2042-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2023                                                                        | CUSIP: 2837345A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $339233.40    | 0.01%             | 2023-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJECT                                                             | CENTRAL PLAINS 2.5% MT                                                                         | CUSIP: 154872AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3263729.70   | 0.13%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5.25% 9/1/24                                                                        | CUSIP: 64577B6H2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9740000 | PA      | $10064641.99  | 0.40%             | 2024-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09E V7                                                                     | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30500000 | PA      | $30500000.00  | 1.23%             | 2029-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2024 @                                                                    | CUSIP: 57563RRG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $612040.02    | 0.02%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                                                   | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  43900000 | PA      | $43900000.00  | 1.76%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2025 @                                                                     | CUSIP: 544445XN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1529957.17   | 0.06%             | 2025-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2023 @                                                                  | CUSIP: 735240K93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1102807.90   | 0.04%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2026                                                                       | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1653655.72   | 0.07%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2025                                                                           | CUSIP: 54811BUJ8<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    570000 | PA      | $595333.42    | 0.02%             | 2025-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2023 @                                                                    | CUSIP: 57563RPT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $453801.15    | 0.02%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@                                          | CUSIP: 88035ENZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28400000 | PA      | $28400000.00  | 1.14%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BK SPEARS/LIFERS TR VAR STS                                                      | NEW HOPE TX CULT EDUC DBE-8090 DB/DB DR60                                                      | CUSIP: 25155W6L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22315000 | PA      | $22315000.00  | 0.90%             | 2048-09-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 4% 6/1/2023                                                                              | CUSIP: 20772KKG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401698.28    | 0.02%             | 2023-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FINGAUTH UPMC REV                                               | PENNSYLVANIA EC 4% 10/15/2024                                                                  | CUSIP: 70870JCP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $864487.15    | 0.03%             | 2024-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SAN DIEGO CA ARPT 2022-XM1054-INV Q=MO D7@                                                     | CUSIP: 88035DJ97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5375000 | PA      | $5375000.00   | 0.22%             | 2056-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 1/1/2024 Q                                                                      | CUSIP: 207758D91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1368511.31   | 0.05%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA SIFMA+57 MT                                                                    | CUSIP: 56035DAY8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  40430000 | PA      | $40293928.79  | 1.62%             | 2048-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2024 @                                                                     | CUSIP: 544445HW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $721521.04    | 0.03%             | 2024-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | LYNCHBURG VA WTRS JAMES CRSSNG 2022-XG0390-R4 DB/DB D7                                         | CUSIP: 88035DCX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.16%             | 2061-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 1.1% MT                                                                         | CUSIP: 20775DRT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9050000 | PA      | $8558011.23   | 0.34%             | 2049-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2024 @                                                                    | CUSIP: 646080SM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543192.50   | 0.06%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST GRANT ANTIC REV                                                         | NC ST GARVEE 5% 3/1/2023                                                                       | CUSIP: 658268DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $436315.57    | 0.02%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH REV                                                            | MA PORT 5% 7/1/2023 @                                                                          | CUSIP: 575896RY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2684028.31   | 0.11%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YORK CNTY VA ECONOMIC DEV AUTH POLLUTN CTL REV                                            | YORK VA EDA 1.9% 5/1/2033                                                                      | CUSIP: 98659AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1087680.88   | 0.04%             | 2033-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DISTGAS SUPPLY REV                                               | SOUTHEAST ALA 4% MT                                                                            | CUSIP: 84131TAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7015000 | PA      | $6990415.23   | 0.28%             | 2049-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL PK DIST                                                                       | CHICAGO PK 4% 1/1/2024                                                                         | CUSIP: 167615V26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100736.49    | 0.00%             | 2024-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/1/2025                                                                   | CUSIP: 19648FVZ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $417607.00    | 0.02%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2025                                                                     | CUSIP: 20775DSW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $471600.68    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | DENVER CO ARPT 2018-XM0715-MST Q=MO D7                                                         | CUSIP: 88034NE34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14000000.00  | 0.56%             | 2043-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 8/1/2048 MT                                                                 | CUSIP: 56035DAW2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2488115.57   | 0.10%             | 2048-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AZ IDA MFH CANTERBURY HOUSE 2020-XF1091-ARC DB/DB D7@                                          | CUSIP: 88034WNN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.08%             | 2060-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/24 @                                                                   | CUSIP: 249182KK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $850216.87    | 0.03%             | 2024-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NM HAVERLAND CARTER BC22-034 BC/BC D42                                                         | CUSIP: 76252PWP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4400000.00   | 0.18%             | 2042-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL PK DIST                                                                       | CHICAGO PK 4% 1/1/2024                                                                         | CUSIP: 167615W82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1349868.97   | 0.05%             | 2024-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                                    | CUSIP: 646080WA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $572514.03    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | PHILLY MFH SUSQUEHANNA TOWNHOME APTS 2020-MIZ9051 MZ/MZ D35                                    | CUSIP: 60700HFZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2430000.00   | 0.10%             | 2060-10-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 0% 11/15/2036 PRE                                                              | CUSIP: 19648FWZ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    155000 | PA      | $157472.90    | 0.01%             | 2036-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV                                                   | CTA TRNST GARVE 5% 6/1/2023                                                                    | CUSIP: 167723HA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $553650.74    | 0.02%             | 2023-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IMLAY CITY MI CMNTY SCH DIST                                                              | IMLAY MI SD 4% 5/1/2023                                                                        | CUSIP: 452488LC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $556566.49    | 0.02%             | 2023-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUB WKS BRD LSE                                                             | CA PUB WKS 5% 8/1/2024 Q                                                                       | CUSIP: 13068XBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1994231.66   | 0.08%             | 2024-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2025                                                                    | CUSIP: 59261APR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1082201.06   | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2024                                                                            | CUSIP: 62620HER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $343439.19    | 0.01%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                              | Fidelity Municipal Cash Central Fund                                                           | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  60391922 | NS      | $60404000.00  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 5/1/2023                                                                        | CUSIP: 207758ZG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1862229.61   | 0.07%             | 2023-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 1.20% MT@                                                                           | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2099935.11   | 0.08%             | 2034-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35                              | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.08%             | 2061-11-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS DEV FIN AUTH SOLID WASTE DISP REV                                                | IL FIN AUTH WASTE MGMT 19 MT@                                                                  | CUSIP: 451889AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9750000 | PA      | $9777123.53   | 0.39%             | 2044-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 0.25% MT                                                                        | CUSIP: 20775DJV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11800000 | PA      | $11339182.86  | 0.46%             | 2049-07-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2024                                                                           | CUSIP: 54811GG38<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    760000 | PA      | $779860.40    | 0.03%             | 2024-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARTFORD CT                                                                               | HARTFORD CT 5% 7/15/2025                                                                       | CUSIP: 416415HV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2016091.52   | 0.08%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FINGAUTH UPMC REV                                               | PENNSYLVANIA EC 4% 10/15/2023                                                                  | CUSIP: 70870JCN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $703817.87    | 0.03%             | 2023-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AUSTIN TX MFH HENDERSON ON REINILI 2021-XF1119-ARC DB/DB D7                                    | CUSIP: 88034YJV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.21%             | 2061-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTH.                                                                          | GUAM POWER AUTH 5% 10/1/2025 Q                                                                 | CUSIP: 400653JQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1602615.21   | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/2024                                                                         | CUSIP: 6461363E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1236915.75   | 0.05%             | 2024-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5% 10/1/2024 @                                                                 | CUSIP: 432308M43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2888702.32   | 0.12%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                            | NJ TOBACCO 5% 06/01/25                                                                         | CUSIP: 888808HA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1605960.59   | 0.06%             | 2025-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2023                                                                    | CUSIP: 469487SY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $263956.76    | 0.01%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 10/1/2024                                                                    | CUSIP: 45204FQR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $161838.02    | 0.01%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2025 @                                                                  | CUSIP: 735240Z71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1361686.05   | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                                                   | OHIO ST 5% 3/1/2023                                                                            | CUSIP: 677523BT8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003201.10   | 0.04%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/2024                                                                         | CUSIP: 646136Z95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1000823.95   | 0.04%             | 2024-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO O'HARE INTL ARPT 2020-XM0884-ALL Q=JPMC BANK DR7@                                      | CUSIP: 88034WYK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.28%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                                  | MASS DEVEL FIN 5% SER DD-1 MT                                                                  | CUSIP: 57584YSM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1085492.96   | 0.04%             | 2042-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2023 @                                                                 | CUSIP: 114894XY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1263222.50   | 0.05%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FIN CORPMISS SOLID WASTE DISP FAC and WASTEWATER FAC REV             | MS BUS FIN MS PWR PRJ 22 V1@                                                                   | CUSIP: 60528EAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17000000.00  | 0.68%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                                  | SAN DIEGO ARPT 5% 7/1/24@                                                                      | CUSIP: 79739GLL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511129.40    | 0.02%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | OR MFH GOOSE HOLLOW TERRACE 2021-XF1123-ARC DB/DB D7                                           | CUSIP: 88034YRY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13600000 | PA      | $13600000.00  | 0.55%             | 2061-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                                                 | CLARK CO NV SD 4% 6/15/2024                                                                    | CUSIP: 181059WJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500388.50    | 0.02%             | 2024-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***                          | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  71385000 | PA      | $71385000.00  | 2.87%             | 2027-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2024 @                                                                    | CUSIP: 646080US8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1131263.87   | 0.05%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 12/15/2023                                                                            | CUSIP: 20772JTP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $749648.99    | 0.03%             | 2023-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2025                                                                              | CUSIP: 452153DE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10270000 | PA      | $10486201.99  | 0.42%             | 2025-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 10/1/2024                                                                   | CUSIP: 70879QQF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2037496.14   | 0.08%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NEB EDL FACS REV                                                             | DOUGL NE 259226 5% 7/1/2023                                                                    | CUSIP: 259226BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $832492.73    | 0.03%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 4/15/2023                                                                             | CUSIP: 20772KFP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3985000 | PA      | $4007279.34   | 0.16%             | 2023-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                            | SOUTHEAST ENERG 4% 6/1/2025                                                                    | CUSIP: 84136FAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $617329.99    | 0.02%             | 2025-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONS INDPT SCHL DIST                                                              | HAYS TX ISD 5% 2/15/2025                                                                       | CUSIP: 4211106J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523527.30    | 0.02%             | 2025-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DISTGAS SUPPLY REV                                               | SOUTHEAST ALA 4% 4/1/2049 MT                                                                   | CUSIP: 84131TAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1183140.38   | 0.05%             | 2049-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 4/1/2025 @                                                                  | CUSIP: 70879QME0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $391712.66    | 0.02%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                                        | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.10%             | 2062-08-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | DULUTH MN MFH GREYSOLON PLAZA APTS 2021-XF1130-ARC DB/DB D7                                    | CUSIP: 88034YL99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6375000 | PA      | $6375000.00   | 0.26%             | 2061-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10D Q=SELF V7                                                                 | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33480000 | PA      | $33480000.00  | 1.34%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                        | TARRANT EFFC HO 5% MT                                                                          | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4240000 | PA      | $4476530.52   | 0.18%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WHITING IND ENVIRONMENTAL FACS                                                            | WHITING IN ENV VAR MT                                                                          | CUSIP: 96634RAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $978370.46    | 0.04%             | 2047-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV                                   | WISE VA IDA SW 1.2% MT                                                                         | CUSIP: 977228AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1712674.48   | 0.07%             | 2040-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU .55% 10/15/2024                                                                | CUSIP: 59447TT94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1620421.64   | 0.07%             | 2024-10-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN CONS                                                              | MD DOT CONS TRN 5% 12/1/2023 Q                                                                 | CUSIP: 574204U35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $647361.48    | 0.03%             | 2023-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY IDA SPRING VLY PRSRVTN 2021-XF1132-ARC DB/DB D7                                             | CUSIP: 88034YQ94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.19%             | 2061-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                             | NJ ST 4% 6/1/2023                                                                              | CUSIP: 646039YG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11190000 | PA      | $11233414.96  | 0.45%             | 2023-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CLARK NV POLLUTN CTL REV                                                                  | CLARK CO NV PCR 1.65% MT                                                                       | CUSIP: 181008BC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1562624.77   | 0.06%             | 2036-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| VAUXMONT METROPOLITAN DISTRICT                                                            | VAUXMONT METROP 5% 12/1/2023Q                                                                  | CUSIP: 92242SAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $198092.02    | 0.01%             | 2023-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV(NJ ST) 5% 6/15/23                                                                   | CUSIP: 64577B5J9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503571.00    | 0.02%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 0% 11/15/2036                                                                  | CUSIP: 19648FXA7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    440000 | PA      | $446153.05    | 0.02%             | 2036-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU .40% 10/15/2023                                                                | CUSIP: 59447TT86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $433228.77    | 0.02%             | 2023-10-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | WASTE MANAGEMENT PUTS 1.7% 8/3/2020@                                                           | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $843943.59    | 0.03%             | 2037-08-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2023                                                                              | CUSIP: 452153DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1212578.87   | 0.05%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2023                                                                             | CUSIP: 64966KDW0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    475000 | PA      | $475731.74    | 0.02%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2025@                                                                     | CUSIP: 167593W65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1126905.56   | 0.05%             | 2025-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                                      | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $6900000.00   | 0.28%             | 2055-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2025 @                                                                   | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1997650.94   | 0.08%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 2.7% MT @                                                                      | CUSIP: 158862BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2036539.50   | 0.08%             | 2037-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09D V7                                                                     | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23540000 | PA      | $23540000.00  | 0.95%             | 2029-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | PA ST MFH YORK TOWNE HOUSE 2020-XF1095-ARC DB/DB D7                                            | CUSIP: 88034XNV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10405000 | PA      | $10405000.00  | 0.42%             | 2060-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2023 @                                                                  | CUSIP: 717817TV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $704650.66    | 0.03%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2023                                                                              | CUSIP: 452153CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1062259.18   | 0.04%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | WI MFH ATLANTIC HSG FNDTN 2022-MIZ9092 MZ/MZ D35                                               | CUSIP: 60700HLL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3225000.00   | 0.13%             | 2030-01-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2023                                                                             | CUSIP: 64966LS77<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5060000 | PA      | $5118295.25   | 0.21%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | TX DEPT HSG MF 2022-XG0389-R4 L=DB/DB D7                                                       | CUSIP: 88035DCT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7600000.00   | 0.31%             | 2061-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                                      | ST LAWRENCE CNT 5% 7/1/2026                                                                    | CUSIP: 791078ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $426563.24    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2026                                                                     | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2277762.43   | 0.09%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH REV                                                                         | IOWA FIN REV 5% 2/15/2023                                                                      | CUSIP: 46246K4X7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $516073.11    | 0.02%             | 2023-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 5% 2/1/2026                                                                | CUSIP: 79625GED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $964059.12    | 0.04%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 4/1/2024 @                                                                     | CUSIP: 735389G28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $773716.78    | 0.03%             | 2024-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                           | BARTOW GA PWR BOWEN 1ST 22 V1@                                                                 | CUSIP: 06964KAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3250000.00   | 0.13%             | 2062-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2023                                                                    | CUSIP: 60416TSZ2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    585000 | PA      | $591773.19    | 0.02%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 4%                                                                             | CUSIP: 74440DBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $579600.68    | 0.02%             | 2049-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                          | MA DFA SIFMA+50 MT                                                                             | CUSIP: 57584X7A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7397813.30   | 0.30%             | 2038-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5% 10/1/2023@                                                                  | CUSIP: 432308G24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $227793.40    | 0.01%             | 2023-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2024                                                                    | CUSIP: 60416TTA6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    910000 | PA      | $940018.17    | 0.04%             | 2024-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2024                                                                      | CUSIP: 66285WL46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210302.40    | 0.01%             | 2024-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 6/1/2023                                                                         | CUSIP: 45528UR52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $614173.25    | 0.02%             | 2023-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FINGAUTH UPMC REV                                               | PENNSYLVANIA EC 5% 2/15/2026                                                                   | CUSIP: 70870JDN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211794.96    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO EDL ASSISTNCE FNDTN                                                            | NM ED ASSIST FN 5% 9/1/2023 @                                                                  | CUSIP: 647110FM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2058783.71   | 0.08%             | 2023-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                                   | WV UNIV HLTH 18E RFLOAT V7                                                                     | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7415000 | PA      | $7415000.00   | 0.30%             | 2033-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ORLANDO FLA UTILS COMMN UTIL SYS REV                                                      | OUC FL UTIL 5% 10/1/2024                                                                       | CUSIP: 686507GA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519119.20    | 0.02%             | 2024-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC GO FY21-2 Q=SELF V8+                                                                       | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  61600000 | PA      | $61600000.00  | 2.47%             | 2042-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 11/1/2023                                                                        | CUSIP: 49151FNG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1469057.52   | 0.06%             | 2023-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 1997 V1                                                                           | CUSIP: 121342NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9440000 | PA      | $9440000.00   | 0.38%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | STATE OF ILLINO 4% 3/1/2023                                                                    | CUSIP: 452153BE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6960000 | PA      | $6964010.35   | 0.28%             | 2023-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 7/1/2023                                                                              | CUSIP: 452152SQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3286344.94   | 0.13%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH LYON MI CMNTY SCHS                                                                  | SO LYONS MI CSD 5% 5/1/23Q                                                                     | CUSIP: 838736WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $905567.22    | 0.04%             | 2023-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2025 @                                                                       | CUSIP: 795576JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1375026.70   | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5.25% 7/1/2050 AMT                                                                | CUSIP: 837123GM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4736991.73   | 0.19%             | 2050-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5% 6/15/2023                                                                        | CUSIP: 64577BCE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $679820.85    | 0.03%             | 2023-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 10/15/2023                                                                            | CUSIP: 20772J3S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1229594.26   | 0.05%             | 2023-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2023                                                                     | CUSIP: 09182TBE6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    255000 | PA      | $256205.31    | 0.01%             | 2023-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                            | PHX CVC APT REV 5% 7/1/2023 @                                                                  | CUSIP: 71883MKP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503321.90    | 0.02%             | 2023-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST                                                                              | LA ST 5% 3/1/2023                                                                              | CUSIP: 546417CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $837659.48    | 0.03%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 0% 10/1/2045 MT @                                                                 | CUSIP: 13048RAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $599450.46    | 0.02%             | 2045-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| STATE OF HAWAII DEPARTMENT OF TRANSPORTATION                                              | HAWAII AIRPORT 5% 8/1/2023@                                                                    | CUSIP: 419808AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1261827.88   | 0.05%             | 2023-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                             | NJ ST 5% 6/1/2024                                                                              | CUSIP: 646039YH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1111656.10   | 0.04%             | 2024-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIV IL BRD TRUSTEES CFTS PARTN                                                           | UNIV IL BRD COP 5% 3/15/2023                                                                   | CUSIP: 914331LA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $631945.88    | 0.03%             | 2023-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                          | MASSACHUSETT MA 5% 7/1/2025                                                                    | CUSIP: 57584XMF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1199573.17   | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2023                                                                           | CUSIP: 54811BUG4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    385000 | PA      | $387470.62    | 0.02%             | 2023-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CALIF ARPT REV                                                                   | SAN JOSE ARPT 5% 3/1/2023@                                                                     | CUSIP: 798136UE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3510866.10   | 0.14%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 4% 6/15/2024                                                                        | CUSIP: 64577BKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1360025.40   | 0.05%             | 2024-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2025                                                                   | CUSIP: 56035DDS8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1262844.45   | 0.05%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35                                   | CUSIP: 60700HPG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40000000 | PA      | $40000000.00  | 1.61%             | 2052-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD REV                                                                | MOBILE AL INDL DEV BRD REV31 (AL PWR THEODORE PLANT)-A ***AMT***                               | CUSIP: 607166AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4095000 | PA      | $4095000.00   | 0.16%             | 2031-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO OHARE IL 2022-XM1043-ALL Q=JPMC BK D7@                                                 | CUSIP: 88035DUV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.32%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRPORT                                                                            | AK AIRPORT 5% 10/1/2025 @                                                                      | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1765866.76   | 0.07%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2024 @                                                                       | CUSIP: 795576JG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024163.80   | 0.04%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO OHARE IL 2022-XM1041-ALL Q=JPMC BK D7@                                                 | CUSIP: 88035DUR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10500000.00  | 0.42%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 2/1/23                                                                                | CUSIP: 70914PZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $976420.38    | 0.04%             | 2023-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | DENVER CITY and CNTY CO ARPT 2018-XL0090-INV Q=MO D7@                                          | CUSIP: 88034NUJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14861500 | PA      | $14861500.00  | 0.60%             | 2036-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 1.01% 3/1/2025                                                                           | CUSIP: 20772JMB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1086874.67   | 0.04%             | 2025-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                                          | MA ST 5% 11/1/2023                                                                             | CUSIP: 57582RT63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24925000 | PA      | $25362511.02  | 1.02%             | 2023-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | TX DEPT HSG MFH MONTAGE APTS 2021-XF1098-RSZ DB/DB D7                                          | CUSIP: 88034XTV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6700000.00   | 0.27%             | 2061-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2024                                                                           | CUSIP: 54811BRJ2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2149746.75   | 0.09%             | 2024-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2026                                                                              | CUSIP: 452153DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6060000 | PA      | $6224224.18   | 0.25%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2024 @                                                                  | CUSIP: 735240Z63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046568.00   | 0.08%             | 2024-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 12/1/2024                                                                 | CUSIP: 09182TBW6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    405000 | PA      | $413475.35    | 0.02%             | 2024-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2025 Q                                                                  | CUSIP: 97712JFJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $970320.50    | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OAKLAND UNIV MICH REV                                                                     | OAKLAND-U MI 5% 3/1/2023                                                                       | CUSIP: 673588JF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $345960.20    | 0.01%             | 2023-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS MUN ELEC AGY PWR SUPP                                                            | ILL MUNI ELEC 5% 2/1/23                                                                        | CUSIP: 452024HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280330.76    | 0.01%             | 2023-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 4% 12/1/2023                                                                    | CUSIP: 09182TAH0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1398580.54   | 0.06%             | 2023-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP REV                                                                  | FL BRIGHTLINE PSGR RAIL 21A MT@                                                                | CUSIP: 340618DE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10968617.00  | 0.44%             | 2056-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT ARTHUR TX NAV DIST ENVI VAR-MOTIVA ENTERPRISES PJ-A                                       | CUSIP: 735220AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16200000 | PA      | $16200000.00  | 0.65%             | 2040-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HI ST ARPT 2022-XG0386-MST Q=MO D7@                                                            | CUSIP: 88035DAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $11900000.00  | 0.48%             | 2048-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV                                            | MICHIGAN MT 1.95% 12/1/2023                                                                    | CUSIP: 594654QK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $963635.60    | 0.04%             | 2023-12-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer