# EDGAR Filing Document

**Accession Number:** 0000818972
**File Stem:** 0000940400-26-007866
**Filing Date:** 2026-2
**Character Count:** 202934
**Document Hash:** 435d0750f0f63df780b88887e52ec1e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007866.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007866

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON STRATEGIC MUNICIPALS, INC.
- **CENTRAL INDEX KEY:** 0000818972

**ORGANIZATION NAME:**
- **EIN:** 133426554
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05245
- **FILM NUMBER:** 26676885

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS STRATEGIC MUNICIPALS, INC.
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS STRATEGIC MUNICIPALS INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

SCHEDULE OF INVESTMENTS

December 31, 2025 (Unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5%** | **Long-Term Municipal Investments — 126.5%** | **Long-Term Municipal Investments — 126.5%** | **Long-Term Municipal Investments — 126.5%** | **Long-Term Municipal Investments — 126.5%** |
| **Alabama — 5.3%** | **Alabama — 5.3%** | **Alabama — 5.3%** | **Alabama — 5.3%** | **Alabama — 5.3%** |
| &nbsp;&nbsp;&nbsp; Alabama Special Care Facilities <br> Financing Authority, <br> Revenue Bonds (Methodist <br> Home for the Aging <br> Obligated Group)<br>| 6.00 | 6/1/2050 | 5970000 | 5728689 |
| &nbsp;&nbsp;&nbsp; Baldwin County Industrial <br> Development Authority, <br> Revenue Bonds (Novelis <br> Corporation Project) Ser. <br> A<sup>(a),(b)</sup> <br>| 5.00 | 6/1/2032 | 3000000 | 3060252 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, <br> Revenue Bonds (Gas Project) <br> Ser. B<br>| 5.00 | 10/1/2035 | 1250000 | 1288507 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, <br> Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 11/1/2034 | 2000000 | 2139737 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, <br> Revenue Bonds, Refunding <br> (Gas Project) Ser. D1<sup>(a)</sup> <br>| 5.50 | 2/1/2029 | 5555000 | 5862235 |
| &nbsp;&nbsp;&nbsp; Jefferson County, Revenue <br> Bonds, Refunding<br>| 5.50 | 10/1/2053 | 3750000 | 3924225 |
| &nbsp;&nbsp;&nbsp; Mobile County Industrial <br> Development Authority, <br> Revenue Bonds (Calvert LLC <br> Project) Ser. B<br>| 4.75 | 12/1/2054 | 1225000 | 1125836 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A <br> Cooperative District, <br> Revenue Bonds, Ser. C<sup>(a)</sup> <br>| 5.00 | 2/1/2031 | 3500000 | 3747313 |
|  |  |  |  | **26876794** |
| **Alaska — .5%** | **Alaska — .5%** | **Alaska — .5%** | **Alaska — .5%** | **Alaska — .5%** |
| &nbsp;&nbsp;&nbsp; Northern Tobacco <br> Securitization Corp., <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 4.00 | 6/1/2050 | 3000000 | **2505279** |
| **Arizona — 4.8%** | **Arizona — 4.8%** | **Arizona — 4.8%** | **Arizona — 4.8%** | **Arizona — 4.8%** |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Academics <br> of Math & Science Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2054 | 1275000 | 1146391 |

---

**1**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Legacy <br> Cares Project)<sup>(b),(c)</sup> <br>| 7.75 | 7/1/2050 | 5770000 | 135595 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Legacy <br> Cares Project) Ser. A<sup>(b),(c)</sup> <br>| 6.00 | 7/1/2051 | 1000000 | 23500 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Sustainable <br> Bond) (Equitable Schools) <br> Ser. A<br>| 5.25 | 11/1/2053 | 2000000 | 2038131 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Project) Ser. <br> A<sup>(b)</sup> <br>| 5.25 | 7/1/2047 | 1600000 | 1567474 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Project) Ser. <br> D<sup>(b)</sup> <br>| 5.00 | 7/1/2047 | 1035000 | 981316 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Project) Ser. <br> D<sup>(b)</sup> <br>| 5.00 | 7/1/2051 | 380000 | 354807 |
| &nbsp;&nbsp;&nbsp; Glendale Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Sun Health Services <br> Obligated Group) Ser. A<br>| 5.00 | 11/15/2054 | 1170000 | 1135716 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial <br> Development Authority, <br> Revenue Bonds (Harmony <br> Public Schools) Ser. A<sup>(b)</sup> <br>| 5.00 | 2/15/2036 | 2480000 | 2481778 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial <br> Development Authority, <br> Revenue Bonds (Benjamin <br> Franklin Charter School <br> Obligated Group)<sup>(b)</sup> <br>| 6.00 | 7/1/2052 | 3000000 | 3012268 |

---

**2**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** | **Arizona — 4.8% (continued)** |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Paradise Schools Projects <br> Paragon Management)<sup>(b)</sup> <br>| 5.00 | 7/1/2047 | 2000000 | 1832126 |
| &nbsp;&nbsp;&nbsp; Sierra Vista Industrial <br> Development Authority, <br> Revenue Bonds (American <br> Leadership Academy)<sup>(b)</sup> <br>| 5.00 | 6/15/2059 | 1000000 | 886849 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2018-<br> XF2537), (Salt Verde <br> Financial Corporation, <br> Revenue Bonds) Recourse, <br> Underlying Coupon Rate <br> 5.00%<sup>(b),(d),(e)</sup> <br>| 10.87 | 12/1/2037 | 4030000 | 4376057 |
| &nbsp;&nbsp;&nbsp; The Phoenix Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Projects) Ser. <br> A<sup>(b)</sup> <br>| 5.00 | 7/1/2035 | 2360000 | 2360830 |
| &nbsp;&nbsp;&nbsp; The Phoenix Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Projects) Ser. <br> A<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 2000000 | 1913020 |
|  |  |  |  | **24245858** |
| **Arkansas — .8%** | **Arkansas — .8%** | **Arkansas — .8%** | **Arkansas — .8%** | **Arkansas — .8%** |
| &nbsp;&nbsp;&nbsp; Arkansas Development <br> Finance Authority, Revenue <br> Bonds (Sustainable Bond) <br> (U.S. Steel Corp.)<br>| 5.70 | 5/1/2053 | 2600000 | 2637892 |
| &nbsp;&nbsp;&nbsp; Arkansas Development <br> Finance Authority, Revenue <br> Bonds (Sustainable Bond) <br> (U.S. Steel Corp.)<br>| 5.45 | 9/1/2052 | 1500000 | 1501512 |
|  |  |  |  | **4139404** |
| **California — 2.5%** | **California — 2.5%** | **California — 2.5%** | **California — 2.5%** | **California — 2.5%** |
| &nbsp;&nbsp;&nbsp; California Community Choice <br> Financing Authority, <br> Revenue Bonds (Sustainable <br> Bond) (Clean Energy <br> Project) Ser. B<sup>(a)</sup> <br>| 5.00 | 11/1/2035 | 3250000 | 3539909 |

---

**3**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **California — 2.5% (continued)** | **California — 2.5% (continued)** | **California — 2.5% (continued)** | **California — 2.5% (continued)** | **California — 2.5% (continued)** |
| &nbsp;&nbsp;&nbsp; California Community Choice <br> Financing <br> Authority, Revenue Bonds <br> (Sustainable Bond) (Clean <br> Energy Project) Ser. D<sup>(a)</sup> <br>| 5.00 | 9/1/2032 | 1500000 | 1629132 |
| &nbsp;&nbsp;&nbsp; California County Tobacco <br> Securitization Agency, <br> Revenue Bonds, Refunding <br> (Los Angeles County <br> Securitization Corp.) Ser. A<br>| 4.00 | 6/1/2049 | 1400000 | 1202858 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance <br> Authority, Revenue Bonds <br> (CHF-Aptos LLC Cabrillo <br> College Project) Ser. A<sup>(b)</sup> <br>| 5.25 | 7/1/2045 | 5000000 | 5005573 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance <br> Authority, Revenue Bonds, <br> Refunding (William Jessup <br> University)<sup>(b)</sup> <br>| 5.00 | 8/1/2039 | 140000 | 105489 |
| &nbsp;&nbsp;&nbsp; California Statewide <br> Communities Development <br> Authority, Revenue Bonds <br> (Loma Linda University <br> Medical Center Obligated <br> Group) Ser. A<sup>(b)</sup> <br>| 5.25 | 12/1/2056 | 1000000 | 1000813 |
|  |  |  |  | **12483774** |
| **Colorado — 5.2%** | **Colorado — 5.2%** | **Colorado — 5.2%** | **Colorado — 5.2%** | **Colorado — 5.2%** |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities <br> Authority, Revenue Bonds <br> (CommonSpirit Health <br> Obligated Group)<br>| 5.25 | 11/1/2052 | 1500000 | 1554131 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities <br> Authority, Revenue Bonds <br> (Covenant Retirement <br> Communities & Services <br> Obligated Group)<br>| 5.00 | 12/1/2048 | 1250000 | 1236820 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities <br> Authority, Revenue Bonds, <br> Refunding (Covenant Living <br> Communities & Services <br> Obligated Group) Ser. A<br>| 4.00 | 12/1/2050 | 4500000 | 3786259 |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Colorado — 5.2% (continued)** | **Colorado — 5.2% (continued)** | **Colorado — 5.2% (continued)** | **Colorado — 5.2% (continued)** | **Colorado — 5.2% (continued)** |
| &nbsp;&nbsp;&nbsp; Colorado University Research <br> Foundation, Revenue Bonds <br> (The Prospect Project) Ser. <br> A<sup>(b)</sup> <br>| 5.25 | 3/1/2045 | 1000000 | 1004421 |
| &nbsp;&nbsp;&nbsp; Denver City & County, Revenue <br> Bonds, Refunding (United <br> Airlines Project)<br>| 5.00 | 10/1/2032 | 1000000 | 1001096 |
| &nbsp;&nbsp;&nbsp; Dominion Water & Sanitation <br> District, Revenue Bonds, <br> Refunding<br>| 5.88 | 12/1/2052 | 4500000 | 4600849 |
| &nbsp;&nbsp;&nbsp; Rampart Range Metropolitan <br> District No. 5, Revenue <br> Bonds<br>| 4.00 | 12/1/2051 | 2000000 | 1608232 |
| &nbsp;&nbsp;&nbsp; Regional Transportation <br> District, Revenue Bonds, <br> Refunding (Denver Transit <br> Partners) Ser. A<br>| 4.00 | 7/15/2034 | 1500000 | 1533597 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2020-<br> XM0829), (Colorado Health <br> Facilities Authority, Revenue <br> Bonds, Refunding <br> (CommonSpirit Health <br> Obligated Group) Ser. A1) <br> Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 10.44 | 8/1/2044 | 4440000 | 4861846 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1124), (Colorado Health <br> Facilities Authority, Revenue <br> Bonds (Adventist Health <br> System/Sunbelt Obligated <br> Group) Ser. A) Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 7.55 | 11/15/2048 | 5535000 | 4989570 |
| &nbsp;&nbsp;&nbsp; Vauxmont Metropolitan <br> District, GO, Refunding <br> (Insured; Assured Guaranty <br> Corp.)<br>| 3.25 | 12/15/2050 | 380000 | 325563 |
|  |  |  |  | **26502384** |

---

**5**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Connecticut — 1.1%** | **Connecticut — 1.1%** | **Connecticut — 1.1%** | **Connecticut — 1.1%** | **Connecticut — 1.1%** |
| &nbsp;&nbsp;&nbsp; Connecticut Health & <br> Educational Facilities <br> Authority, Revenue Bonds, <br> Refunding (Fairfield <br> University) Ser. T<br>| 4.00 | 7/1/2055 | 925000 | 819982 |
| &nbsp;&nbsp;&nbsp; Connecticut Housing Finance <br> Authority, Revenue Bonds, <br> Refunding, Ser. A1<br>| 3.65 | 11/15/2032 | 410000 | 411100 |
| &nbsp;&nbsp;&nbsp; Harbor Point Infrastructure <br> Improvement District, Tax <br> Allocation Bonds, Refunding <br> (Harbor Point Project)<sup>(b)</sup> <br>| 5.00 | 4/1/2039 | 3500000 | 3547832 |
| &nbsp;&nbsp;&nbsp; Stamford Housing Authority, <br> Revenue Bonds, Refunding <br> (Mozaic Concierge Living), <br> Ser. A<br>| 6.25 | 10/1/2060 | 1000000 | 997509 |
|  |  |  |  | **5776423** |
| **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** |
| &nbsp;&nbsp;&nbsp; Delaware Economic <br> Development Authority, <br> Revenue Bonds (ACTS <br> Retirement-Life <br> Communities Obligated <br> Group) Ser. B<br>| 5.25 | 11/15/2053 | 1000000 | **1008668** |
| **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** |
| &nbsp;&nbsp;&nbsp; District of Columbia, Revenue <br> Bonds, Refunding (The <br> Catholic University of <br> America) Ser. A<br>| 5.75 | 10/1/2055 | 2820000 | 2989333 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington <br> Airports Authority, Revenue <br> Bonds, Refunding <br> (Dulles Metrorail) Ser. B<br>| 4.00 | 10/1/2049 | 2500000 | 2213959 |
|  |  |  |  | **5203292** |
| **Florida — 8.0%** | **Florida — 8.0%** | **Florida — 8.0%** | **Florida — 8.0%** | **Florida — 8.0%** |
| &nbsp;&nbsp;&nbsp; Atlantic Beach, Revenue Bonds <br> (Fleet Landing Project) Ser. <br> A<br>| 5.00 | 11/15/2053 | 3460000 | 3306835 |

---

**6**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Collier County Industrial <br> Development Authority, <br> Revenue Bonds (NCH <br> Healthcare System Project) <br> (Insured; Assured Guaranty <br> Corp.) Ser. A<br>| 5.00 | 10/1/2049 | 1700000 | 1746460 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance <br> Corp., Revenue Bonds, <br> Refunding (Brightline <br> Florida Passenger Rail <br> Project) (Insured; Assured <br> Guaranty Corp.)<br>| 5.25 | 7/1/2053 | 2715000 | 2673530 |
| &nbsp;&nbsp;&nbsp; Florida Housing Finance Corp., <br> Revenue Bonds (Insured; <br> GNMA, FNMA, FHLMC) Ser. 1<br>| 4.40 | 7/1/2044 | 2460000 | 2467951 |
| &nbsp;&nbsp;&nbsp; Florida Local Government <br> Finance Commission, <br> Revenue Bonds (Bridgeprep <br> Academy Projects) Ser. A<sup>(b)</sup> <br>| 6.25 | 6/15/2055 | 2500000 | 2557263 |
| &nbsp;&nbsp;&nbsp; Florida Local Government <br> Finance Commission, <br> Revenue Bonds (Fleet <br> Landing At Nocatee Project) <br> Ser. A<sup>(b)</sup> <br>| 6.75 | 11/15/2055 | 1020000 | 1062720 |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation <br> Authority, Revenue Bonds <br> (United Airlines, Inc. Project)<br>| 5.25 | 11/1/2035 | 1500000 | 1603793 |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation <br> Authority, Revenue Bonds, <br> Ser. A<br>| 4.00 | 10/1/2049 | 4685000 | 4148960 |
| &nbsp;&nbsp;&nbsp; Lee County Industrial <br> Development Authority, <br> Revenue Bonds, Refunding, <br> Ser. 1<br>| 4.00 | 4/1/2049 | 1650000 | 1463139 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County, Revenue <br> Bonds<sup>(f)</sup> <br>| 0.00 | 10/1/2045 | 3000000 | 1242683 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County Water & <br> Sewer System, Revenue <br> Bonds (Insured; Build <br> America Mutual)<br>| 4.00 | 10/1/2051 | 1550000 | 1404595 |

---

**7**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** | **Florida — 8.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health <br> Facilities Authority, Revenue <br> Bonds, Refunding (Lifespace <br> Communities Obligated <br> Group) Ser. C<br>| 7.63 | 5/15/2058 | 1000000 | 1106901 |
| &nbsp;&nbsp;&nbsp; Seminole County Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Legacy Pointe at UCF <br> Project)<br>| 5.75 | 11/15/2054 | 2500000 | 2370167 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1122), (Miami-Dade FL <br> County Water & Sewer <br> System, Revenue Bonds, <br> Refunding, Ser. B) Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 6.37 | 10/1/2049 | 12750000 | 11683060 |
| &nbsp;&nbsp;&nbsp; Venice, Revenue Bonds, Ser. <br> A<sup>(b)</sup> <br>| 5.50 | 1/1/2055 | 725000 | 707890 |
| &nbsp;&nbsp;&nbsp; Village Community <br> Development District No. 15, <br> Special Assessment Bonds<sup>(b)</sup> <br>| 4.80 | 5/1/2055 | 865000 | 832026 |
|  |  |  |  | **40377973** |
| **Georgia — 6.4%** | **Georgia — 6.4%** | **Georgia — 6.4%** | **Georgia — 6.4%** | **Georgia — 6.4%** |
| &nbsp;&nbsp;&nbsp; Georgia Municipal Electric <br> Authority, Revenue Bonds, <br> Refunding (Insured; Build <br> America Mutual) Ser. A<br>| 5.25 | 1/1/2054 | 2500000 | 2613377 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., <br> Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 4/1/2031 | 1535000 | 1649949 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., <br> Revenue Bonds, Ser. E<sup>(a)</sup> <br>| 5.00 | 12/1/2032 | 1500000 | 1600992 |
| &nbsp;&nbsp;&nbsp; Savannah Georgia Convention <br> Center Authority, Revenue <br> Bonds (Convention Center <br> Hotel) (Insured; Assured <br> Guaranty Corp.) Ser. C<br>| 5.50 | 6/1/2050 | 1000000 | 1065993 |

---

**8**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Georgia — 6.4% (continued)** | **Georgia — 6.4% (continued)** | **Georgia — 6.4% (continued)** | **Georgia — 6.4% (continued)** | **Georgia — 6.4% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2016-<br> XM0435), (Private Colleges <br> & Universities Authority, <br> Revenue Bonds, Refunding <br> (Emory University)) <br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 11.39 | 10/1/2043 | 10000000 | 10003582 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2020-<br> XM0825), (Brookhaven <br> Development Authority, <br> Revenue Bonds (Children's <br> Healthcare of Atlanta) Ser. <br> A) Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 8.84 | 7/1/2044 | 6340000 | 6627104 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF3183), (Municipal Electric <br> Authority of Georgia, <br> Revenue Bonds (Plant Vogtle <br> Units 3&4 Project) Ser. A) <br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 11.18 | 1/1/2059 | 3600000 | 3550485 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2025-<br> XF80660), (Atlanta <br> Department of Aviation, <br> Revenue Bonds, Ser. B1), <br> Non-Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 12.40 | 7/1/2050 | 4920000 | 5117982 |
|  |  |  |  | **32229464** |
| **Idaho — 1.0%** | **Idaho — 1.0%** | **Idaho — 1.0%** | **Idaho — 1.0%** | **Idaho — 1.0%** |
| &nbsp;&nbsp;&nbsp; Power County Industrial <br> Development Corp., Revenue <br> Bonds (FMC Corp. Project)<br>| 6.45 | 8/1/2032 | 5000000 | **5018729** |
| **Illinois — 10.0%** | **Illinois — 10.0%** | **Illinois — 10.0%** | **Illinois — 10.0%** | **Illinois — 10.0%** |
| &nbsp;&nbsp;&nbsp; Chicago, GO (Housing and <br> Economic Development <br> Projects) Ser. F<br>| 6.00 | 1/1/2055 | 1500000 | 1549797 |
| Chicago, GO, Ser. A | 5.00 | 1/1/2044 | 2000000 | 1952342 |
| Chicago, GO, Ser. A | 5.50 | 1/1/2049 | 305000 | 305182 |
| Chicago, GO, Refunding, Ser. A | 6.00 | 1/1/2038 | 3000000 | 3046862 |

---

**9**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Ser. A<br>| 6.25 | 12/1/2050 | 1400000 | 1463798 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Ser. D<br>| 5.00 | 12/1/2046 | 2000000 | 1842940 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Ser. H<br>| 5.00 | 12/1/2036 | 2000000 | 1980488 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Refunding, Ser. A<br>| 5.00 | 12/1/2034 | 1400000 | 1400773 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Refunding, Ser. B<br>| 5.50 | 12/1/2035 | 3250000 | 3430304 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International <br> Airport, Revenue Bonds, <br> Refunding, Ser. C<br>| 5.00 | 1/1/2041 | 1550000 | 1625761 |
| Illinois, GO, Ser. A | 5.00 | 5/1/2038 | 3400000 | 3493171 |
| Illinois, GO, Ser. C | 5.00 | 11/1/2029 | 1120000 | 1160700 |
| Illinois, GO, Ser. D | 5.00 | 11/1/2028 | 2325000 | 2412141 |
| Illinois, GO, Refunding, Ser. A | 5.00 | 10/1/2029 | 1100000 | 1160795 |
| Illinois, Revenue Bonds, Ser. C | 5.00 | 6/15/2045 | 1000000 | 1037342 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, <br> Revenue Bonds (Centerpoint <br> Joliet Terminal Railroad <br> Project)<sup>(a),(b)</sup> <br>| 4.80 | 7/2/2035 | 1500000 | 1549711 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, <br> Revenue Bonds (Plymouth <br> Place Obligated Group) Ser. <br> A<br>| 6.63 | 5/15/2052 | 1000000 | 1048398 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition <br> Authority, Revenue Bonds <br> (McCormick Place Project) <br> (Insured; National Public <br> Finance Guarantee Corp.) <br> Ser. A<sup>(f)</sup> <br>| 0.00 | 12/15/2036 | 2500000 | 1656593 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition <br> Authority, Revenue Bonds, <br> Refunding (McCormick Place <br> Expansion Project)<sup>(f)</sup> <br>| 0.00 | 12/15/2054 | 21800000 | 5091604 |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp., <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 4.00 | 1/1/2038 | 1000000 | 1002867 |

---

**10**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** | **Illinois — 10.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF1623), (Regional <br> Transportation Authority <br> Illinois, Revenue Bonds, Ser. <br> B) Non-Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 5.62 | 6/1/2048 | 3000000 | 2706337 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF3290), (Chicago Transit <br> Authority, Sales Tax <br> Revenue Bonds, Refunding, <br> Ser. A) Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 5.58 | 12/1/2049 | 5800000 | 6013690 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2025-<br> XF3349), (Chicago O'Hare <br> International Airport, <br> Revenue Bonds, Refunding, <br> Ser. A) Recourse, Underlying <br> Coupon Rate 5.50%<sup>(b),(d),(e)</sup> <br>| 13.31 | 1/1/2053 | 3600000 | 3750657 |
|  |  |  |  | **50682253** |
| **Indiana — 1.0%** | **Indiana — 1.0%** | **Indiana — 1.0%** | **Indiana — 1.0%** | **Indiana — 1.0%** |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, <br> Revenue Bonds (Sustainable <br> Bond)<sup>(b),(c)</sup> <br>| 7.00 | 3/1/2039 | 5525000 | 276250 |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, <br> Revenue Bonds, Refunding <br> (Marquette Project) Ser. A<br>| 5.00 | 3/1/2040 | 2735000 | 2859939 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public <br> Improvement Bond Bank, <br> Revenue Bonds (City Moral <br> Obligation) (Insured; Build <br> America Mutual) Ser. F1<br>| 5.25 | 3/1/2067 | 1750000 | 1812504 |
|  |  |  |  | **4948693** |

---

**11**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Iowa — .7%** | **Iowa — .7%** | **Iowa — .7%** | **Iowa — .7%** | **Iowa — .7%** |
| &nbsp;&nbsp;&nbsp; Iowa Finance Authority, <br> Revenue Bonds, Refunding <br> (Iowa Fertilizer Co. <br> Project)<sup>(g)</sup> <br>| 5.00 | 12/1/2032 | 1415000 | 1628582 |
| &nbsp;&nbsp;&nbsp; Iowa Student Loan Liquidity <br> Corp., Revenue Bonds, Ser. B<br>| 5.00 | 12/1/2031 | 2000000 | 2142787 |
|  |  |  |  | **3771369** |
| **Kentucky — .6%** | **Kentucky — .6%** | **Kentucky — .6%** | **Kentucky — .6%** | **Kentucky — .6%** |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy <br> Authority, Revenue Bonds, <br> Ser. A<sup>(a)</sup> <br>| 5.00 | 7/1/2030 | 1750000 | 1839982 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy <br> Authority, Revenue Bonds, <br> Refunding, Ser. C<br>| 5.00 | 5/1/2036 | 1250000 | 1328717 |
|  |  |  |  | **3168699** |
| **Louisiana — 1.4%** | **Louisiana — 1.4%** | **Louisiana — 1.4%** | **Louisiana — 1.4%** | **Louisiana — 1.4%** |
| &nbsp;&nbsp;&nbsp; Ernest N. Morial New Orleans <br> Exhibition Hall Authority, <br> Special Tax Bonds<br>| 5.50 | 7/15/2054 | 1250000 | 1321527 |
| &nbsp;&nbsp;&nbsp; Louisiana Local Government <br> Environmental Facilities & <br> Community Development <br> Authority, Revenue Bonds, <br> Refunding (Westlake <br> Chemical Project)<br>| 3.50 | 11/1/2032 | 635000 | 630318 |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities <br> Authority, Revenue Bonds <br> (I-10 Calcasieu River Bridge <br> Public-Private Partnership <br> Project)<br>| 5.75 | 9/1/2064 | 3185000 | 3283990 |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities <br> Authority, Revenue Bonds, <br> Refunding (Ochsner Clinic <br> Foundation Obligated <br> Group) Ser. A<br>| 5.50 | 5/15/2055 | 1700000 | 1802433 |
|  |  |  |  | **7038268** |
| **Maine — .4%** | **Maine — .4%** | **Maine — .4%** | **Maine — .4%** | **Maine — .4%** |
| &nbsp;&nbsp;&nbsp; Finance Authority of Maine, <br> Revenue Bonds (University <br> of New England)<br>| 5.50 | 7/1/2055 | 1750000 | **1850519** |

---

**12**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Maryland — 2.7%** | **Maryland — 2.7%** | **Maryland — 2.7%** | **Maryland — 2.7%** | **Maryland — 2.7%** |
| &nbsp;&nbsp;&nbsp; Maryland Economic <br> Development Corp., Revenue <br> Bonds (College Park <br> Leonardtown Project) <br> (Insured; Assured Guaranty <br> Corp.)<br>| 5.25 | 7/1/2064 | 1000000 | 1024480 |
| &nbsp;&nbsp;&nbsp; Maryland Economic <br> Development Corp., Revenue <br> Bonds (Sustainable Bond) <br> (Purple Line Transit <br> Partners) Ser. B<br>| 5.25 | 6/30/2055 | 3120000 | 3048252 |
| &nbsp;&nbsp;&nbsp; Maryland Economic <br> Development Corp., Tax <br> Allocation Bonds (Port <br> Covington Project)<br>| 4.00 | 9/1/2050 | 1000000 | 838547 |
| &nbsp;&nbsp;&nbsp; Maryland Health & Higher <br> Educational Facilities <br> Authority, Revenue Bonds <br> (Adventist Healthcare <br> Obligated Group) Ser. A<br>| 5.50 | 1/1/2046 | 3250000 | 3280390 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF1758), (Maryland Stadium <br> Authority, Revenue Bonds) <br> Non-Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 11.43 | 6/1/2054 | 5200000 | 5385156 |
|  |  |  |  | **13576825** |
| **Massachusetts — 4.8%** | **Massachusetts — 4.8%** | **Massachusetts — 4.8%** | **Massachusetts — 4.8%** | **Massachusetts — 4.8%** |
| &nbsp;&nbsp;&nbsp; Lowell Collegiate Charter <br> School, Revenue Bonds<br>| 5.00 | 6/15/2054 | 1620000 | 1510440 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds (Tufts University <br> Student Housing Project)<br>| 5.50 | 6/1/2050 | 1000000 | 1073209 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds, Ser. T<br>| 4.00 | 3/1/2054 | 1000000 | 939301 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds, Refunding (Beth <br> Israel Lahey Health <br> Obligated Group) Ser. N<br>| 5.50 | 7/1/2055 | 3605000 | 3817725 |

---

**13**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Massachusetts — 4.8% (continued)** | **Massachusetts — 4.8% (continued)** | **Massachusetts — 4.8% (continued)** | **Massachusetts — 4.8% (continued)** | **Massachusetts — 4.8% (continued)** |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds, Refunding (Boston <br> Medical Center Corp. <br> Obligated Group)<br>| 5.25 | 7/1/2052 | 1500000 | 1498571 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds, Refunding <br> (NewBridge <br> Charles Obligated Group)<sup>(b)</sup> <br>| 5.00 | 10/1/2057 | 1000000 | 961963 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF1604), (Massachusetts <br> State Transportation Fund, <br> Revenue Bonds, Ser. B) Non-<br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 11.43 | 6/1/2053 | 14000000 | 14501981 |
|  |  |  |  | **24303190** |
| **Michigan — 5.0%** | **Michigan — 5.0%** | **Michigan — 5.0%** | **Michigan — 5.0%** | **Michigan — 5.0%** |
| &nbsp;&nbsp;&nbsp; Detroit Downtown <br> Development Authority, Tax <br> Allocation Bonds, Refunding <br> (Catalyst Development <br> Project)<br>| 5.00 | 7/1/2048 | 1115000 | 1158152 |
| &nbsp;&nbsp;&nbsp; Great Lakes Water Authority <br> Sewage Disposal System, <br> Revenue Bonds, Refunding, <br> Ser. C<br>| 5.00 | 7/1/2036 | 2435000 | 2457124 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, <br> Revenue Bonds (Sustainable <br> Bond)<br>| 5.50 | 2/28/2057 | 2700000 | 2808233 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, <br> Revenue Bonds, Refunding, <br> Ser. A2<br>| 5.00 | 6/1/2040 | 4435000 | 4521822 |
| &nbsp;&nbsp;&nbsp; Michigan Housing <br> Development Authority, <br> Revenue Bonds, Ser. C<br>| 5.05 | 6/1/2051 | 2000000 | 2016239 |

---

**14**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Michigan — 5.0% (continued)** | **Michigan — 5.0% (continued)** | **Michigan — 5.0% (continued)** | **Michigan — 5.0% (continued)** | **Michigan — 5.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1171), (Michigan State <br> University, Revenue Bonds, <br> Refunding, Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 12.64 | 8/15/2054 | 10000000 | 10628321 |
| &nbsp;&nbsp;&nbsp; Wayne County Airport <br> Authority, Revenue Bonds, <br> Ser. A<br>| 5.50 | 12/1/2050 | 1500000 | 1630689 |
|  |  |  |  | **25220580** |
| **Minnesota — .5%** | **Minnesota — .5%** | **Minnesota — .5%** | **Minnesota — .5%** | **Minnesota — .5%** |
| &nbsp;&nbsp;&nbsp; Duluth Economic Development <br> Authority, Revenue Bonds, <br> Refunding (Essentia Health <br> Obligated Group) Ser. A<br>| 5.00 | 2/15/2058 | 1625000 | 1635395 |
| &nbsp;&nbsp;&nbsp; Woodbury, Revenue Bonds, <br> Refunding (Math & <br> Science Academy)<sup>(b)</sup> <br>| 5.50 | 6/1/2063 | 1000000 | 927573 |
|  |  |  |  | **2562968** |
| **Missouri — 2.9%** | **Missouri — 2.9%** | **Missouri — 2.9%** | **Missouri — 2.9%** | **Missouri — 2.9%** |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development <br> Commission, Revenue Bonds <br> (First Place Homeownership <br> Loan) (Insured; GNMA, <br> FNMA, FHLMC) Ser. A<br>| 4.60 | 11/1/2049 | 1690000 | 1656141 |
| &nbsp;&nbsp;&nbsp; St. Louis County Industrial <br> Development Authority, <br> Revenue Bonds (Friendship <br> Village St. Louis Obligated <br> Group) Ser. A<br>| 5.13 | 9/1/2048 | 2025000 | 1965586 |
| &nbsp;&nbsp;&nbsp; St. Louis County Industrial <br> Development Authority, <br> Revenue Bonds (Friendship <br> Village St. Louis Obligated <br> Group) Ser. A<br>| 5.13 | 9/1/2049 | 2975000 | 2875867 |
| &nbsp;&nbsp;&nbsp; St. Louis Land Clearance for <br> Redevelopment Authority, <br> Revenue Bonds (National <br> Geospatial Intelligence)<br>| 5.13 | 6/1/2046 | 3260000 | 3181174 |

---

**15**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Missouri — 2.9% (continued)** | **Missouri — 2.9% (continued)** | **Missouri — 2.9% (continued)** | **Missouri — 2.9% (continued)** | **Missouri — 2.9% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1116), (Jackson County <br> Missouri Special Obligation, <br> Revenue Bonds, Refunding, <br> Ser. A) Non-Recourse, <br> Underlying Coupon Rate <br> 4.25%<sup>(b),(d),(e)</sup> <br>| 3.33 | 12/1/2053 | 3000000 | 2872989 |
| &nbsp;&nbsp;&nbsp; The St. Louis Missouri <br> Industrial Development <br> Authority, Tax Allocation <br> Bonds (St. Louis Innovation <br> District Project)<br>| 4.38 | 5/15/2036 | 2075000 | 2050637 |
|  |  |  |  | **14602394** |
| **Montana — .2%** | **Montana — .2%** | **Montana — .2%** | **Montana — .2%** | **Montana — .2%** |
| &nbsp;&nbsp;&nbsp; Montana Facility Finance <br> Authority, Revenue Bonds <br> (Benefis Health System <br> Obligated Group) Ser. A<br>| 5.50 | 2/15/2055 | 1000000 | **1054413** |
| **Nebraska — .2%** | **Nebraska — .2%** | **Nebraska — .2%** | **Nebraska — .2%** | **Nebraska — .2%** |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District, <br> Revenue Bonds, Ser. A<br>| 4.00 | 2/1/2051 | 1000000 | **917740** |
| **Nevada — 1.2%** | **Nevada — 1.2%** | **Nevada — 1.2%** | **Nevada — 1.2%** | **Nevada — 1.2%** |
| &nbsp;&nbsp;&nbsp; Clark County School District, <br> GO (Insured; Assured <br> Guaranty Corp.) Ser. A<br>| 4.25 | 6/15/2041 | 3745000 | 3814930 |
| &nbsp;&nbsp;&nbsp; Reno, Revenue Bonds, <br> Refunding (Insured; Assured <br> Guaranty Corp.)<br>| 4.00 | 6/1/2058 | 2750000 | 2475869 |
|  |  |  |  | **6290799** |
| **New Hampshire — .6%** | **New Hampshire — .6%** | **New Hampshire — .6%** | **New Hampshire — .6%** | **New Hampshire — .6%** |
| &nbsp;&nbsp;&nbsp; New Hampshire Business <br> Finance Authority, Revenue <br> Bonds (The Wildflower <br> Project)<sup>(b),(f)</sup> <br>| 0.00 | 12/15/2033 | 1600000 | 989374 |

---

**16**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **New Hampshire — 0.6% (continued)** | **New Hampshire — 0.6% (continued)** | **New Hampshire — 0.6% (continued)** | **New Hampshire — 0.6% (continued)** | **New Hampshire — 0.6% (continued)** |
| &nbsp;&nbsp;&nbsp; New Hampshire Business <br> Finance Authority, Revenue <br> Bonds (Winston-Salem <br> Sustainable Energy <br> Partners) Ser. A<br>| 5.50 | 6/1/2050 | 1000000 | 1045468 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business <br> Finance Authority, Revenue <br> Bonds, Refunding <br> (Sustainable Bond) Ser. <br> B<sup>(a),(b)</sup> <br>| 3.75 | 7/2/2040 | 1000000 | 822755 |
|  |  |  |  | **2857597** |
| **New Jersey — 3.6%** | **New Jersey — 3.6%** | **New Jersey — 3.6%** | **New Jersey — 3.6%** | **New Jersey — 3.6%** |
| &nbsp;&nbsp;&nbsp; New Jersey Economic <br> Development Authority, <br> Revenue Bonds (Repauno <br> Port & Rail Terminal <br> Project)<sup>(b)</sup> <br>| 6.63 | 1/1/2045 | 1000000 | 1036389 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic <br> Development Authority, <br> Revenue Bonds, Refunding, <br> Ser. XX<br>| 5.25 | 6/15/2027 | 1855000 | 1857115 |
| &nbsp;&nbsp;&nbsp; New Jersey Health Care <br> Facilities Financing <br> Authority, Revenue Bonds <br> (RWJ Barnabas Health <br> Obligated Group)<br>| 4.00 | 7/1/2051 | 1500000 | 1376059 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education <br> Student Assistance <br> Authority, Revenue Bonds, <br> Refunding, Ser. A<br>| 5.00 | 12/1/2032 | 1275000 | 1380903 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation <br> Trust Fund Authority, <br> Revenue Bonds<br>| 5.00 | 6/15/2044 | 2000000 | 2101012 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation <br> Trust Fund Authority, <br> Revenue Bonds<sup>(g)</sup> <br>| 5.50 | 12/15/2032 | 2700000 | 3219627 |

---

**17**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **New Jersey — 3.6% (continued)** | **New Jersey — 3.6% (continued)** | **New Jersey — 3.6% (continued)** | **New Jersey — 3.6% (continued)** | **New Jersey — 3.6% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2025-<br> XF3423), (New Jersey <br> Turnpike Authority, <br> Revenue Bonds, Ser. A) <br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 12.63 | 1/1/2055 | 4600000 | 4925433 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing <br> Corp., Revenue Bonds, <br> Refunding, Ser. B<br>| 5.00 | 6/1/2046 | 2540000 | 2469268 |
|  |  |  |  | **18365806** |
| **New Mexico — .2%** | **New Mexico — .2%** | **New Mexico — .2%** | **New Mexico — .2%** | **New Mexico — .2%** |
| &nbsp;&nbsp;&nbsp; New Mexico Mortgage Finance <br> Authority, Revenue Bonds <br> (Insured; GNMA, FNMA, <br> FHLMC) Ser. E<br>| 4.70 | 9/1/2054 | 1000000 | **1000741** |
| **New York — 8.1%** | **New York — 8.1%** | **New York — 8.1%** | **New York — 8.1%** | **New York — 8.1%** |
| &nbsp;&nbsp;&nbsp; Build New York City Resource <br> Corp., Revenue Bonds (The <br> Nightingale-Bamford School <br> Project)<br>| 5.00 | 7/1/2040 | 1000000 | 1103977 |
| &nbsp;&nbsp;&nbsp; Build New York City Resource <br> Corp., Revenue Bonds (The <br> Renaissance Charter School <br> 2 Project) Ser. A<br>| 5.50 | 6/15/2050 | 1250000 | 1237024 |
| &nbsp;&nbsp;&nbsp; New York Convention Center <br> Development Corp., Revenue <br> Bonds (Hotel Unit Fee) <br> (Insured; Assured Guaranty <br> Corp.) Ser. B<sup>(f)</sup> <br>| 0.00 | 11/15/2052 | 7825000 | 2094090 |
| &nbsp;&nbsp;&nbsp; New York Energy Finance <br> Development Corp., Revenue <br> Bonds<sup>(a)</sup> <br>| 5.00 | 12/1/2033 | 2000000 | 2120726 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory <br> Authority, Revenue Bonds, <br> Refunding (Montefiore <br> Obligated Group) Ser. A<br>| 4.00 | 9/1/2050 | 1000000 | 839704 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (Delta Air Lines)<br>| 4.00 | 1/1/2036 | 1000000 | 974070 |

---

**18**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **New York — 8.1% (continued)** | **New York — 8.1% (continued)** | **New York — 8.1% (continued)** | **New York — 8.1% (continued)** | **New York — 8.1% (continued)** |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (John F. Kennedy <br> International Airport New <br> Terminal One Project) <br> (Insured; Assured Guaranty <br> Corp.)<br>| 6.00 | 6/30/2060 | 3700000 | 3983535 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (John F. Kennedy <br> International Airport <br> Terminal)<br>| 5.00 | 12/1/2040 | 3535000 | 3682114 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (LaGuardia Airport <br> Terminal B Redevelopment <br> Project)<br>| 5.63 | 4/1/2040 | 1000000 | 1049665 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (LaGuardia Airport <br> Terminal B Redevelopment <br> Project) Ser. A<br>| 5.00 | 7/1/2046 | 2080000 | 2079922 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2022-<br> XM1004), (Metropolitan <br> Transportation Authority, <br> Revenue Bonds, Refunding <br> (Sustainable Bond) (Insured; <br> Assured Guaranty Corp.) Ser. <br> C) Non-Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 5.08 | 11/15/2047 | 6300000 | 5684936 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1174), (New York State <br> Transportation <br> Development Corp., Revenue <br> Bonds (Sustainable Bond) <br> (John F. Kennedy <br> International Airport <br> Terminal One Project) <br> (Insured; Assured Guaranty <br> Corp.)) Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 12.16 | 6/30/2060 | 3730000 | 3783619 |

---

**19**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **New York — 8.1% (continued)** | **New York — 8.1% (continued)** | **New York — 8.1% (continued)** | **New York — 8.1% (continued)** | **New York — 8.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1181), (Triborough New <br> York Bridge & Tunnel <br> Authority, Revenue Bonds, <br> Ser. A1) Non-Recourse, <br> Underlying Coupon Rate <br> 4.13%<sup>(b),(d),(e)</sup> <br>| 3.21 | 5/15/2064 | 3000000 | 2705951 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1194), (New York <br> Transportation <br> Development Corp., Revenue <br> Bonds, Refunding <br> (Sustainable Bond) (JFK <br> International Airport <br> Terminal Six Redevelopment <br> Project) (Insured; Assured <br> Guaranty Corp.)) Recourse, <br> Underlying Coupon Rate <br> 5.25%<sup>(b),(d),(e)</sup> <br>| 12.16 | 12/31/2054 | 3800000 | 3855297 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2025-<br> XF8040), (Long Island <br> Power Authority, Revenue <br> Bonds, Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 12.35 | 9/1/2050 | 3600000 | 3819519 |
| &nbsp;&nbsp;&nbsp; Westchester County Local <br> Development Corp., Revenue <br> Bonds, Refunding (Purchase <br> Senior Learning Community <br> Obligated Group)<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 2150000 | 1990945 |
|  |  |  |  | **41005094** |
| **North Carolina — 3.6%** | **North Carolina — 3.6%** | **North Carolina — 3.6%** | **North Carolina — 3.6%** | **North Carolina — 3.6%** |
| &nbsp;&nbsp;&nbsp; Nash Health Care Systems, <br> Revenue Bonds<br>| 5.75 | 2/1/2050 | 2000000 | 2152873 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue Bonds <br> (Carolina Meadows <br> Obligated Group)<br>| 5.25 | 12/1/2049 | 2750000 | 2802551 |

---

**20**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **North Carolina — 3.6% (continued)** | **North Carolina — 3.6% (continued)** | **North Carolina — 3.6% (continued)** | **North Carolina — 3.6% (continued)** | **North Carolina — 3.6% (continued)** |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue Bonds <br> (Deerfield Episcopal <br> Retirement Community <br> Project) Ser. A<br>| 5.00 | 11/1/2040 | 1000000 | 1073575 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue Bonds <br> (The United Methodist <br> Retirement Homes) Ser. A<br>| 5.13 | 10/1/2054 | 1250000 | 1249946 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue <br> Bonds, Refunding (Lutheran <br> Services for the Aging <br> Obligated Group)<br>| 4.00 | 3/1/2051 | 2300000 | 1909613 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2022-<br> XF1352), (North Carolina <br> State Medical Care <br> Commission Health Care <br> Facilities, Revenue Bonds <br> (Novant Health Obligated <br> Group) Ser. A) Non- <br> Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 5.06 | 11/1/2052 | 10000000 | 8887210 |
|  |  |  |  | **18075768** |
| **Ohio — 4.7%** | **Ohio — 4.7%** | **Ohio — 4.7%** | **Ohio — 4.7%** | **Ohio — 4.7%** |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement <br> Financing Authority, <br> Revenue Bonds, Refunding, <br> Ser. B2<br>| 5.00 | 6/1/2055 | 11055000 | 8962673 |
| &nbsp;&nbsp;&nbsp; Canal Winchester Local School <br> District, GO, Refunding <br> (Insured; National Public <br> Finance Guarantee Corp.)<sup>(f)</sup> <br>| 0.00 | 12/1/2029 | 3955000 | 3520983 |
| &nbsp;&nbsp;&nbsp; Canal Winchester Local School <br> District, GO, Refunding <br> (Insured; National Public <br> Finance Guarantee Corp.)<sup>(f)</sup> <br>| 0.00 | 12/1/2031 | 3955000 | 3288245 |
| &nbsp;&nbsp;&nbsp; Cuyahoga County, Revenue <br> Bonds, Refunding (The <br> MetroHealth System)<br>| 5.00 | 2/15/2052 | 2000000 | 1892142 |

---

**21**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Ohio — 4.7% (continued)** | **Ohio — 4.7% (continued)** | **Ohio — 4.7% (continued)** | **Ohio — 4.7% (continued)** | **Ohio — 4.7% (continued)** |
| &nbsp;&nbsp;&nbsp; Hamilton County, Revenue <br> Bonds, Refunding (Life <br> Enriching Communities <br> Project)<br>| 5.50 | 1/1/2055 | 750000 | 761336 |
| &nbsp;&nbsp;&nbsp; Port of Greater Cincinnati <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Duke Energy Co.) (Insured; <br> Assured Guaranty Corp.) Ser. <br> B<br>| 4.38 | 12/1/2058 | 725000 | 688402 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF1711), (University of <br> Cincinnati Ohio Receipt, <br> Revenue Bonds, Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 11.63 | 6/1/2049 | 4525000 | 4692682 |
|  |  |  |  | **23806463** |
| **Oklahoma — 1.1%** | **Oklahoma — 1.1%** | **Oklahoma — 1.1%** | **Oklahoma — 1.1%** | **Oklahoma — 1.1%** |
| &nbsp;&nbsp;&nbsp; Oklahoma Development <br> Finance Authority, Revenue <br> Bonds (OU Medicine Project) <br> Ser. B<br>| 5.50 | 8/15/2057 | 1500000 | 1489479 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1163), (Oklahoma City <br> Water Utilities Trust, <br> Revenue Bonds, Refunding) <br> Non-Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 12.50 | 7/1/2064 | 3600000 | 3815821 |
|  |  |  |  | **5305300** |
| **Oregon — .5%** | **Oregon — .5%** | **Oregon — .5%** | **Oregon — .5%** | **Oregon — .5%** |
| &nbsp;&nbsp;&nbsp; Clackamas County Hospital <br> Facility Authority, Revenue <br> Bonds, Refunding <br> (Willamette View Obligated <br> Group) Ser. A<br>| 5.00 | 11/15/2047 | 1500000 | 1398537 |
| &nbsp;&nbsp;&nbsp; Port of Portland, Revenue <br> Bonds, Refunding <br> (Sustainable Bond) Ser. 29<br>| 5.50 | 7/1/2048 | 1250000 | 1320815 |
|  |  |  |  | **2719352** |

---

**22**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Pennsylvania — 5.1%** | **Pennsylvania — 5.1%** | **Pennsylvania — 5.1%** | **Pennsylvania — 5.1%** | **Pennsylvania — 5.1%** |
| &nbsp;&nbsp;&nbsp; Clairton Municipal Authority, <br> Revenue Bonds, Refunding, <br> Ser. B<br>| 5.00 | 12/1/2034 | 1000000 | 1111733 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic <br> Development Financing <br> Authority, Revenue Bonds <br> (The Penndot Major <br> Bridges)<br>| 6.00 | 6/30/2061 | 3000000 | 3163146 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher <br> Educational Facilities <br> Authority, Revenue Bonds, <br> Refunding (University of <br> Sciences in Philadelphia)<br>| 5.00 | 11/1/2036 | 3230000 | 3231658 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike <br> Commission, Revenue <br> Bonds, Ser. A<br>| 4.00 | 12/1/2050 | 1500000 | 1389655 |
| &nbsp;&nbsp;&nbsp; Philadelphia, Revenue Bonds, <br> Refunding (Private Activity)<br>| 5.00 | 7/1/2027 | 4300000 | 4424177 |
| &nbsp;&nbsp;&nbsp; Philadelphia Housing <br> Authority, Revenue Bonds <br> (PHADC Acquisition <br> Program) Ser. A<br>| 5.25 | 3/1/2045 | 2500000 | 2606315 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF1525), (Pennsylvania <br> Economic Development <br> Financing Authority, <br> Revenue Bonds (University <br> of Pittsburgh Medical <br> Center) Ser. A) Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 5.00 | 5/15/2053 | 4000000 | 3514959 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1133), (Philadelphia <br> Water & Wastewater, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Corp.) Ser. B) Non-Recourse, <br> Underlying Coupon Rate <br> 5.50%<sup>(b),(d),(e)</sup> <br>| 13.24 | 9/1/2053 | 5820000 | 6240995 |
|  |  |  |  | **25682638** |

---

**23**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Rhode Island — 1.6%** | **Rhode Island — 1.6%** | **Rhode Island — 1.6%** | **Rhode Island — 1.6%** | **Rhode Island — 1.6%** |
| &nbsp;&nbsp;&nbsp; Rhode Island Health and <br> Educational Building Corp., <br> Revenue Bonds (RI <br> Properties LLC) (Insured; <br> Assured Guaranty Corp.) Ser. <br> A<br>| 5.00 | 7/1/2065 | 2000000 | 1999988 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1117), (Rhode Island <br> Infrastructure Bank State <br> Revolving Fund, Revenue <br> Bonds, Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 4.13%<sup>(b),(d),(e)</sup> <br>| 7.66 | 10/1/2048 | 6000000 | 5865472 |
|  |  |  |  | **7865460** |
| **South Carolina — 4.1%** | **South Carolina — 4.1%** | **South Carolina — 4.1%** | **South Carolina — 4.1%** | **South Carolina — 4.1%** |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Bon Secours Mercy Health)<br>| 4.00 | 12/1/2044 | 2810000 | 2582191 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service <br> Authority, Revenue Bonds, <br> Refunding (Santee Cooper) <br> Ser. A<br>| 4.00 | 12/1/2055 | 3000000 | 2605115 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1175), (South Carolina <br> Public Service Authority, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Corp.) Ser. B) Non-Recourse, <br> Underlying Coupon Rate <br> 5.00%<sup>(b),(d),(e)</sup> <br>| 9.11 | 12/1/2054 | 15000000 | 15560025 |
|  |  |  |  | **20747331** |

---

**24**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **South Dakota — .9%** | **South Dakota — .9%** | **South Dakota — .9%** | **South Dakota — .9%** | **South Dakota — .9%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2022-<br> XF1409), (South Dakota <br> Health & Educational <br> Facilities Authority, Revenue <br> Bonds, Refunding (Avera <br> Health Obligated Group)) <br> Non-Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 11.63 | 7/1/2046 | 4720000 | **4745253** |
| **Texas — 9.2%** | **Texas — 9.2%** | **Texas — 9.2%** | **Texas — 9.2%** | **Texas — 9.2%** |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (BASIS Texas Charter <br> Schools)<sup>(b)</sup> <br>| 4.88 | 6/15/2054 | 1100000 | 992721 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (BASIS Texas Charter <br> Schools)<sup>(b)</sup> <br>| 5.00 | 6/15/2064 | 1400000 | 1256431 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (Riverwalk Education <br> Foundation, Inc.) (Insured; <br> Permanent School Fund <br> Guarantee Program)<br>| 4.50 | 8/15/2060 | 1135000 | 1127684 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (Uplift Education) <br> (Insured; Permanent School <br> Fund Guarantee Program) <br> Ser. A<br>| 4.25 | 12/1/2053 | 1500000 | 1409816 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds (IDEA Public Schools) <br> Ser. A<br>| 4.00 | 8/15/2047 | 3100000 | 2756306 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds (Uplift Education) <br> Ser. A<br>| 4.50 | 12/1/2044 | 2500000 | 2340567 |

---

**25**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds, Refunding (IDEA <br> Public Schools) (Insured; <br> Permanent School Fund <br> Guarantee Program)<br>| 4.00 | 8/15/2054 | 1000000 | 903104 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds, Refunding <br> (International Leadership of <br> Texas, Inc.) (Insured; <br> Permanent School Fund <br> Guarantee Program) Ser. A<br>| 4.25 | 8/15/2053 | 1000000 | 942109 |
| &nbsp;&nbsp;&nbsp; Dallas Independent School <br> District, GO, Refunding <br> (Insured; Permanent School <br> Fund Guarantee Program)<br>| 4.00 | 2/15/2054 | 2250000 | 2082684 |
| &nbsp;&nbsp;&nbsp; El Paso County Hospital <br> District, GO (El Paso County) <br> (Insured; Assured Guaranty <br> Corp.)<br>| 5.50 | 2/15/2050 | 1500000 | 1591804 |
| &nbsp;&nbsp;&nbsp; Fort Bend County Toll Road, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Corp.)<br>| 4.25 | 3/1/2054 | 2500000 | 2370895 |
| &nbsp;&nbsp;&nbsp; Grand Parkway Transportation <br> Corp., Revenue Bonds, <br> Refunding<br>| 4.00 | 10/1/2049 | 1000000 | 916676 |
| &nbsp;&nbsp;&nbsp; Harris County-Houston Sports <br> Authority, Revenue Bonds, <br> Refunding (Insured; Assured <br> Guaranty Corp.) Ser. A<sup>(f)</sup> <br>| 0.00 | 11/15/2050 | 6500000 | 1868899 |
| &nbsp;&nbsp;&nbsp; Houston Airport System, <br> Revenue Bonds, (United <br> Airlines) Ser. B<br>| 5.50 | 7/15/2039 | 3000000 | 3221631 |
| &nbsp;&nbsp;&nbsp; Houston Airport System, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Corp.) Ser. A<br>| 4.50 | 7/1/2053 | 2180000 | 2078556 |
| &nbsp;&nbsp;&nbsp; Houston Airport System, <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 4.00 | 7/1/2046 | 1610000 | 1460722 |

---

**26**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** | **Texas — 9.2% (continued)** |
| &nbsp;&nbsp;&nbsp; Lamar Consolidated <br> Independent School District, <br> GO<br>| 4.00 | 2/15/2053 | 1235000 | 1105577 |
| &nbsp;&nbsp;&nbsp; Port of Beaumont Navigation <br> District, Revenue Bonds <br> (Jefferson Gulf Coast Energy <br> Project) Ser. A<sup>(b)</sup> <br>| 5.25 | 1/1/2054 | 1500000 | 1432986 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1125), (Medina Valley <br> Independent School District, <br> GO (Insured; Permanent <br> School Fund Guarantee <br> Program)) Non-Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 2.78 | 2/15/2053 | 7500000 | 6873899 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1164), (Texas University <br> System, Revenue Bonds, <br> Refunding) Non-Recourse, <br> Underlying Coupon Rate <br> 5.25%<sup>(b),(d),(e)</sup> <br>| 6.78 | 3/15/2054 | 4000000 | 4241124 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas <br> Acquisition & Supply Corp. <br> IV, Revenue Bonds, Ser. B<sup>(a)</sup> <br>| 5.50 | 1/1/2034 | 4000000 | 4449202 |
| &nbsp;&nbsp;&nbsp; Waxahachie Independent <br> School District, GO (Insured; <br> Permanent School Fund <br> Guarantee Program)<br>| 4.25 | 2/15/2053 | 1025000 | 1001072 |
|  |  |  |  | **46424465** |
| **U.S. Related — 1.1%** | **U.S. Related — 1.1%** | **U.S. Related — 1.1%** | **U.S. Related — 1.1%** | **U.S. Related — 1.1%** |
| &nbsp;&nbsp;&nbsp; Guam Housing Corp., Revenue <br> Bonds (Insured; Federal <br> Home Loan Mortgage Corp.) <br> Ser. A<br>| 5.75 | 9/1/2031 | 640000 | 644801 |
| Puerto Rico, GO, Ser. A<sup>(f)</sup> <br>| 0.00 | 7/1/2033 | 381733 | 276686 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2033 | 296629 | 296750 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2035 | 266630 | 262239 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2037 | 228839 | 222058 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2041 | 311133 | 287996 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2046 | 323574 | 282679 |

---

**27**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **U.S. Related — 1.1% (continued)** | **U.S. Related — 1.1% (continued)** | **U.S. Related — 1.1% (continued)** | **U.S. Related — 1.1% (continued)** | **U.S. Related — 1.1% (continued)** |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2027 | 327370 | 334415 |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2029 | 2356059 | 2497285 |
| Puerto Rico, GO, Ser. A1 | 5.75 | 7/1/2031 | 312813 | 343837 |
|  |  |  |  | **5448746** |
| **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** |
| &nbsp;&nbsp;&nbsp; Mida Cormont Public <br> Infrastructure District, GO, <br> Ser. A2<sup>(b),(h)</sup> <br>| 6.75 | 6/1/2055 | 2535000 | 2158737 |
| &nbsp;&nbsp;&nbsp; Mida Mountain Village Public <br> Infrastructure District, Tax <br> Allocation Bonds, Ser. 1<sup>(b)</sup> <br>| 5.50 | 6/1/2050 | 1000000 | 1002371 |
| &nbsp;&nbsp;&nbsp; Point Phase 1 Public <br> Infrastructure District No. 1, <br> Revenue Bonds, Ser. A1<br>| 6.13 | 3/1/2055 | 1000000 | 1039867 |
| &nbsp;&nbsp;&nbsp; Utah Infrastructure Agency, <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 5.00 | 10/15/2037 | 2345000 | 2373348 |
|  |  |  |  | **6574323** |
| **Virginia — 3.7%** | **Virginia — 3.7%** | **Virginia — 3.7%** | **Virginia — 3.7%** | **Virginia — 3.7%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2018-<br> XM0593), (Hampton Roads <br> Transportation <br> Accountability Commission, <br> Revenue Bonds) Non-<br> Recourse, Underlying <br> Coupon Rate 5.50%<sup>(b),(d),(e)</sup> <br>| 13.21 | 7/1/2057 | 7500000 | 7952122 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1176), (Virginia State <br> Housing Development <br> Authority, Revenue Bonds, <br> Ser. A) Recourse, Underlying <br> Coupon Rate 4.80%<sup>(b),(d),(e)</sup> <br>| 10.82 | 9/1/2059 | 4900000 | 4900680 |

---

**28**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Virginia — 3.7% (continued)** | **Virginia — 3.7% (continued)** | **Virginia — 3.7% (continued)** | **Virginia — 3.7% (continued)** | **Virginia — 3.7% (continued)** |
| &nbsp;&nbsp;&nbsp; Virginia Small Business <br> Financing Authority, <br> Revenue Bonds (Transform <br> 66 P3 Project)<br>| 5.00 | 12/31/2052 | 4620000 | 4430740 |
| &nbsp;&nbsp;&nbsp; Williamsburg Economic <br> Development Authority, <br> Revenue Bonds (William & <br> Mary Project) (Insured; <br> Assured Guaranty Corp.) Ser. <br> A<br>| 4.13 | 7/1/2058 | 1250000 | 1156943 |
|  |  |  |  | **18440485** |
| **Washington — .8%** | **Washington — .8%** | **Washington — .8%** | **Washington — .8%** | **Washington — .8%** |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance <br> Commission, Revenue <br> Bonds, Refunding (Horizon <br> House Project) Ser. B3<br>| 4.38 | 1/1/2033 | 1000000 | 1004694 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance <br> Commission, Revenue <br> Bonds, Refunding <br> (Presbyterian Retirement <br> Communities Northwest <br> Obligated Group) Ser. A<sup>(b)</sup> <br>| 5.00 | 1/1/2051 | 3200000 | 2929139 |
|  |  |  |  | **3933833** |
| **West Virginia — .8%** | **West Virginia — .8%** | **West Virginia — .8%** | **West Virginia — .8%** | **West Virginia — .8%** |
| &nbsp;&nbsp;&nbsp; West Virginia Hospital Finance <br> Authority, Revenue Bonds <br> (West Virginia University <br> Health System Obligated <br> Group) Ser. A<br>| 5.50 | 6/1/2050 | 4000000 | **4261273** |
| **Wisconsin — 7.1%** | **Wisconsin — 7.1%** | **Wisconsin — 7.1%** | **Wisconsin — 7.1%** | **Wisconsin — 7.1%** |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds<sup>(b)</sup> <br>| 5.00 | 7/1/2055 | 1000000 | 908285 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (Cone <br> Health) Ser. A<br>| 5.00 | 10/1/2052 | 1500000 | 1517513 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (EMU <br> Campus Living) (Insured; <br> Build America Mutual) Ser. <br> A1<br>| 5.50 | 7/1/2052 | 2500000 | 2611343 |

---

**29**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (EMU <br> Campus Living) (Insured; <br> Build America Mutual) Ser. <br> A1<br>| 5.63 | 7/1/2055 | 2035000 | 2138551 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (Georgia SR <br> 400 Express Lanes Project)<br>| 6.50 | 12/31/2065 | 4565000 | 4999223 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (Heritage <br> Bend Project)<sup>(b),(f)</sup> <br>| 0.00 | 12/15/2042 | 6000000 | 1846139 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (Pinecrest <br> Academy Springs Campus <br> Project) Ser. A<sup>(b)</sup> <br>| 4.00 | 7/15/2033 | 2000000 | 1997730 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (Roseman <br> University of Health <br> Sciences)<sup>(b),(g)</sup> <br>| 5.00 | 4/1/2030 | 45000 | 49117 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds <br> (Southminster Obligated <br> Group)<sup>(b)</sup> <br>| 5.00 | 10/1/2053 | 2015000 | 1876556 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Ser. 1<br>| 5.75 | 7/1/2062 | 4619387 | 4834053 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Kahala Nui Project)<br>| 5.25 | 11/15/2061 | 1500000 | 1507631 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Legacy Hills Project)<sup>(b)</sup> <br>| 6.00 | 11/15/2045 | 2550000 | 2477669 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Lindenwood Education <br> System) Ser. A<sup>(b)</sup> <br>| 5.50 | 6/1/2040 | 1750000 | 1833676 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Mary's Woods at <br> Marylhurst Project)<sup>(b)</sup> <br>| 5.25 | 5/15/2047 | 750000 | 726013 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Triad Educational Services, <br> Inc.)<br>| 5.25 | 6/15/2065 | 2000000 | 1890043 |

---

**30**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** | **Long-Term Municipal Investments — 126.5% (continued)** |
| **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** | **Wisconsin — 7.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & <br> Educational Facilities <br> Authority, Revenue Bonds <br> (Bellin Memorial Hospital <br> Obligated Group)<br>| 5.50 | 12/1/2052 | 1250000 | 1336791 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & <br> Educational Facilities <br> Authority, Revenue Bonds, <br> Refunding (Hospital Sisters <br> Credit Group) Ser. A<br>| 5.50 | 8/15/2048 | 1500000 | 1596915 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & <br> Educational Facilities <br> Authority, Revenue Bonds, <br> Refunding (St. <br> Camillus Health System <br> Obligated Group)<br>| 5.00 | 11/1/2046 | 2000000 | 1858576 |
|  |  |  |  | **36005824** |
| **Total Investments** (cost $650,635,608) | **Total Investments** (cost $650,635,608) |  | **126.5%** | **639622504** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** |  | **(26.5%)** | **(133974731)** |
| **Net Assets Applicable to Common Stockholders** | **Net Assets Applicable to Common Stockholders** | **Net Assets Applicable to Common Stockholders** | **100.0%** | **505647773** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *FHLMC—Federal Home Loan Mortgage Corporation* |
| *FNMA—Federal National Mortgage Association* |
| *GNMA—Government National Mortgage Association* |
| *GO—Government Obligation* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> *These securities have a put feature; the date shown represents the put date and the bond holder can take a* *specific action to retain the bond after the put date.* 

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities* *may be resold in transactions exempt from registration, normally to qualified institutional buyers. At* *December 31, 2025, these securities amounted to $264,756,577 or 52.4% of net assets applicable to* *Common Stockholders.* 

<sup>(c)</sup> *Non-income producing—security in default.*

<sup>(d)</sup> *The Variable Rate is determined by the Remarketing Agent in its sole discretion based on prevailing market* *conditions and may, but need not, be established by reference to one or more financial indices.* 

<sup>(e)</sup> *These bonds serve as collateral in a secured borrowings. The coupon rate given represents the current interest* *rate for the inverse floating rate security.* 

<sup>(f)</sup> *Security issued with a zero coupon. Income is recognized through the accretion of discount.*

<sup>(g)</sup> *These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are* *prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay* *principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.* 

<sup>(h)</sup> *Multi-coupon. Zero coupon until a specified date at which time the stated coupon rate becomes effective* *until maturity.* 

*See notes to schedule of investments.*

**31**

------

Schedule of Investments <br>

BNY Mellon Strategic Municipals, Inc.

December 31, 2025 (Unaudited)

The following is a summary of the inputs used as of December 31, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in <br> Securities:<sup>†</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Municipal <br> Securities<br>|  | 639622504 |  | **639622504** |
|  | **—** | **639622504** | **—** | **639622504** |
| **Liabilities ($)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Other Financial <br> Instruments:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Inverse Floater <br> Notes<sup>††</sup> <br>|  | (139045000) |  | **(139045000)** |
|  | **—** | **(139045000)** | **—** | **(139045000)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Schedule of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Certain of the fund's liabilities are held at carrying amount, which approximates fair value for financial* <br> *reporting purposes.*<br>|

---

**32**

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The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The fund's Board of Directors (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in municipal securities are valued each business day by an independent pricing service (the "Service"). Investments for which quoted bid prices are readily

**33**

------

available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Municipal investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Adviser based on values supplied by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Service is engaged under the general oversight of the Adviser. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the "Liquidity Provider") that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity

**34**

------

Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust ("Liquidation Shortfall"). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At December 31, 2025, accumulated net unrealized depreciation on investments was $11,013,104, consisting of $14,526,376 gross unrealized appreciation and $25,539,480 gross unrealized depreciation.

At December 31, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**35**

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon Strategic Municipals, Inc.

- **b. Investment Company Act file number:** 811-05245

- **c. CIK number of Registrant:** 0000818972

- **d. LEI of Registrant:** 549300FH0LKMOBY7N332

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon Strategic Municipals, Inc.

- **c. LEI of Series:** 549300FH0LKMOBY7N332

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $649824522.53

**Total Liabilities:** $223019966.04

**Net Assets:** $426804556.49

**Delayed Delivery Securities:** $1068820.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 323.10985000 | **1-Year:** 8102.42900000 | **5-Year:** 60869.35179000 | **10-Year:** 403685.98446000 | **30-Year:** 44477.09986000

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

- **3-Month:** 92.06238000 | **1-Year:** 443.44377000 | **5-Year:** 16908.39406000 | **10-Year:** 31077.77880000 | **30-Year:** 294.61147000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.17%                | -0.91%               | 2.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $159655.21               | $6126338.37                                |
| Month 2  | $-22480.77               | $-575141.97                                |
| Month 3  | $31336.64                | $-2666583.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HOUSTON TX ARPT SYS REVENUE                               | City of Houston TX Airport System Revenue                                        | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3221630.70   | 0.75%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R                            | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1913020.20   | 0.45%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jackson MO                                      | County of Jackson MO (TOBs)                                                      | CUSIP: 467578LX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2872989.00   | 0.67%             | 2053-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    305000 | PA      | $305181.51    | 0.07%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    312813 | PA      | $343837.14    | 0.08%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A                            | South Carolina Public Service Authority                                          | CUSIP: 837151A25<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2605114.80   | 0.61%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1567473.44   | 0.37%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                            | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528U7K1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1812503.70   | 0.42%             | 2067-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI                            | Public Finance Authority                                                         | CUSIP: 74443UBB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $726013.13    | 0.17%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57584Y4T3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1498570.95   | 0.35%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                              | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $822755.40    | 0.19%             | 2045-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                             | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCH9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2101012.20   | 0.49%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    266630 | PA      | $262238.95    | 0.06%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                            | Build NYC Resource Corp                                                          | CUSIP: 12008EXG6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1237024.25   | 0.29%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BCR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $981315.90    | 0.23%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund         | Chicago Transit Authority Sales Tax Receipts Fund (TOBs)                         | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $6013689.40   | 1.41%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM HSG CORP SF REVENUE                                  | Guam Housing Corp                                                                | CUSIP: 40064MBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $644801.54    | 0.15%             | 2031-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS                            | Connecticut Housing Finance Authority                                            | CUSIP: 20775CPZ1<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    410000 | PA      | $411100.03    | 0.10%             | 2032-11-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                             | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DHW5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    925000 | PA      | $819981.88    | 0.19%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX TOLL ROAD RE                            | County of Fort Bend TX Toll Road Revenue                                         | CUSIP: 346817EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2370895.00   | 0.56%             | 2054-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO                            | Northern Tobacco Securitization Corp                                             | CUSIP: 66585VBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2505279.00   | 0.59%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                            | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712D4C7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1858575.60   | 0.44%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                            | Public Finance Authority                                                         | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1890042.60   | 0.44%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT                            | Clackamas County Hospital Facility Authority                                     | CUSIP: 179027WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1398537.60   | 0.33%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH T                            | Detroit Downtown Development Authority                                           | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1158151.84   | 0.27%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE                            | Public Finance Authority                                                         | CUSIP: 744396KG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908284.60    | 0.21%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission    | Hampton Roads Transportation Accountability Commission (TOBs)                    | CUSIP: 40934TAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7952122.50   | 1.86%             | 2057-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                            | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225BD7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1389654.60   | 0.33%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                            | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JPH0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1596914.55   | 0.37%             | 2048-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA                            | Iowa Finance Authority                                                           | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1628582.22   | 0.38%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57585BPC6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3817724.92   | 0.89%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486E21<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1952341.80   | 0.46%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486X79<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549797.15   | 0.36%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                            | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3012267.60   | 0.71%             | 2052-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                             | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227VR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037342.30   | 0.24%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S                            | Mobile County Industrial Development Authority                                   | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1125836.25   | 0.26%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK                            | Port of Beaumont Navigation District                                             | CUSIP: 73360CAR5<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1432985.70   | 0.34%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $354806.95    | 0.08%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue        | City of Philadelphia PA Water & Wastewater Revenue (TOBs)                        | CUSIP: 7178932Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5820000 | PA      | $6240995.52   | 1.46%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2412141.00   | 0.57%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                            | Wayne County Airport Authority                                                   | CUSIP: 944514S66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1630689.00   | 0.38%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145SV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942108.60    | 0.22%             | 2053-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                             | New Jersey Turnpike Authority (TOBs)                                             | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4925432.75   | 1.15%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57585BAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939301.60    | 0.22%             | 2054-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                            | Greater Orlando Aviation Authority                                               | CUSIP: 3922742H8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4148959.63   | 0.97%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST                                 | El Paso County Hospital District                                                 | CUSIP: 283590JX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1591803.90   | 0.37%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE CO MET DIST #5                              | Rampart Range Metropolitan District No 5                                         | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1608232.20   | 0.38%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                               | Indiana Finance Authority                                                        | CUSIP: 45506ENX7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2859939.45   | 0.67%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                            | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1600991.70   | 0.38%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HOSP                            | Lee County Industrial Development Authority/FL                                   | CUSIP: 52350LAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1463139.32   | 0.34%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP PRIV                            | Maryland Economic Development Corp                                               | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3048252.17   | 0.71%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                            | Palm Beach County Health Facilities Authority                                    | CUSIP: 696507VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106900.50   | 0.26%             | 2058-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH                            | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Y81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4261273.20   | 1.00%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                             | Sierra Vista Industrial Development Authority                                    | CUSIP: 82652UAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886848.90    | 0.21%             | 2059-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GTD R                            | Philadelphia Housing Authority                                                   | CUSIP: 71783TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2606315.00   | 0.61%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                            | Colorado Health Facilities Authority                                             | CUSIP: 19648FRW6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3786258.60   | 0.89%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145PF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2756306.41   | 0.65%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                            | Utah Infrastructure Agency                                                       | CUSIP: 917467AH5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2373348.24   | 0.56%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&                            | Texas Municipal Gas Acquisition & Supply Corp IV                                 | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4449201.60   | 1.04%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                             | Arizona Industrial Development Authority                                         | CUSIP: 040523AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $23500.00     | 0.01%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                             | Texas State University System (TOBs)                                             | CUSIP: 88278PJ96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4241124.00   | 0.99%             | 2054-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R                            | Village Community Development District No 15                                     | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $832026.11    | 0.19%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH                               | New Mexico Mortgage Finance Authority                                            | CUSIP: 647201R79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000741.10   | 0.23%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                            | Build NYC Resource Corp                                                          | CUSIP: 12008EWK8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103976.70   | 0.26%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                      | Chicago O'Hare International Airport (TOBs)                                      | CUSIP: 1675934S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3750657.30   | 0.88%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HARBOR POINT CT INFRASTRUCTURE                            | Harbor Point Infrastructure Improvement District                                 | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3547831.70   | 0.83%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807DB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1409815.50   | 0.33%             | 2053-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                            | Washington State Housing Finance Commission                                      | CUSIP: 939783Z82<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004693.60   | 0.24%             | 2033-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE                            | New Jersey Economic Development Authority                                        | CUSIP: 64577XEK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1857115.44   | 0.44%             | 2027-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                            | California Community Choice Financing Authority                                  | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3539909.43   | 0.83%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VLG PUBLIC INFRA                            | Mida Mountain Village Public Infrastructure District                             | CUSIP: 59561UAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002371.10   | 0.23%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                            | California Community Choice Financing Authority                                  | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1629132.15   | 0.38%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                | Public Finance Authority                                                         | CUSIP: 74442PQ81<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $1846139.40   | 0.43%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC BEACH FL HLTH CARE FA                            | City of Atlantic Beach FL                                                        | CUSIP: 048251CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3306835.49   | 0.77%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU                            | Public Finance Authority                                                         | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4565000 | PA      | $4999222.80   | 1.17%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T                            | Grand Parkway Transportation Corp                                                | CUSIP: 38611TCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916675.50    | 0.21%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO                            | Arizona Industrial Development Authority                                         | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038130.60   | 0.48%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                | Public Finance Authority                                                         | CUSIP: 74442PS97<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2477669.25   | 0.58%             | 2045-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3535000 | PA      | $3682113.97   | 0.86%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                 | Salt Verde Financial Corp (TOBs)                                                 | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $4376057.31   | 1.03%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2079922.21   | 0.49%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NASH HLTH CARE SYS NC HLTH CAR                            | Nash Health Care Systems                                                         | CUSIP: 631163BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2152872.60   | 0.50%             | 2050-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                                      | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HJZ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2613376.75   | 0.61%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1980488.20   | 0.46%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                            | Colorado Health Facilities Authority                                             | CUSIP: 19648FGT5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1236820.38   | 0.29%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D                            | Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2213959.25   | 0.52%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WTR & SANTN DIST CO R                            | Dominion Water & Sanitation District                                             | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4600848.60   | 1.08%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1160700.24   | 0.27%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE                            | Chicago Midway International Airport                                             | CUSIP: 167562TM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1625761.06   | 0.38%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                             | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250CZ5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  21800000 | PA      | $5091603.64   | 1.19%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2340567.50   | 0.55%             | 2044-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                | Maryland Stadium Authority (TOBs)                                                | CUSIP: 574294CV4<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5385155.10   | 1.26%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST                                    | Clark County School District                                                     | CUSIP: 1810592S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3814930.39   | 0.89%             | 2041-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                  | District of Columbia                                                             | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2989332.82   | 0.70%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                             | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592247K90<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1656592.75   | 0.39%             | 2036-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                             | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $3219626.88   | 0.75%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST                            | California Municipal Finance Authority                                           | CUSIP: 13049YGA3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5005573.00   | 1.17%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                    | North Carolina Medical Care Commission (TOBs)                                    | CUSIP: 65821DWM9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8887210.00   | 2.08%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER                             | New York Convention Center Development Corp                                      | CUSIP: 649451GW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7825000 | PA      | $2094089.72   | 0.49%             | 2052-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH DO                            | New Jersey Economic Development Authority                                        | CUSIP: 64578TAB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036389.20   | 0.24%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE                            | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2457124.17   | 0.58%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 452152Y39<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3493170.54   | 0.82%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERNEST N MORIAL-NEW ORLEANS LA                            | Ernest N Morial New Orleans Exhibition Hall Authority                            | CUSIP: 295852KY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1321526.75   | 0.31%             | 2054-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3046862.40   | 0.71%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC                            | Public Finance Authority                                                         | CUSIP: 74443DLU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1833676.43   | 0.43%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                          | Brookhaven Development Authority (TOBs)                                          | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6340000 | PA      | $6627103.73   | 1.55%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA                            | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917SMR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3231657.96   | 0.76%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                    | Virginia Housing Development Authority (TOBs)                                    | CUSIP: 92812WNX8<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4900679.88   | 1.15%             | 2059-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                            | Kentucky Public Energy Authority                                                 | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1839982.03   | 0.43%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                            | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080WY3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1380902.52   | 0.32%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMAR TX CONSOL INDEP SCH DIST                            | Lamar Consolidated Independent School District                                   | CUSIP: 513174H96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1105577.43   | 0.26%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH SENI                            | Glendale Industrial Development Authority                                        | CUSIP: 378287AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1135716.43   | 0.27%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANAL WINCHESTER OH LOCAL SCH                             | Canal Winchester Local School District                                           | CUSIP: 137087JX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3520983.44   | 0.82%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL                            | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244PB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999988.20   | 0.47%             | 2065-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST ELEC                             | Omaha Public Power District                                                      | CUSIP: 682001HA3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917739.50    | 0.22%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST UNIV STRATA CO STU                            | Colorado State University Research Foundation                                    | CUSIP: 22945UAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004421.00   | 0.24%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                            | Tobacco Settlement Financing Corp                                                | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2469268.37   | 0.58%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                            | Louisiana Public Facilities Authority                                            | CUSIP: 546399UP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1802433.67   | 0.42%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                               | Long Island Power Authority (TOBs)                                               | CUSIP: 542691LB4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3819519.00   | 0.89%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| POINT PHASE 1 PUB INFRASTRUCTU                            | Point Phase 1 Public Infrastructure District No 1                                | CUSIP: 73058EAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039866.90   | 0.24%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961962.70    | 0.23%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH                             | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3060251.40   | 0.72%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C                            | Duluth Economic Development Authority                                            | CUSIP: 26444CHG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1635394.96   | 0.38%             | 2058-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                            | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $989373.60    | 0.23%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65820YVK9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073574.50   | 0.25%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV                            | County of Hamilton OH                                                            | CUSIP: 40727RDJ4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    750000 | PA      | $761335.88    | 0.18%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMSBURG VA ECON DEV AUTH                             | Williamsburg Economic Development Authority                                      | CUSIP: 969671AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1156942.75   | 0.27%             | 2058-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POOLED CHRT                            | Public Finance Authority                                                         | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4619387 | PA      | $4834052.64   | 1.13%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                            | New York State Dormitory Authority                                               | CUSIP: 64990GZR6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $839703.70    | 0.20%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VENICE FL                                                 | City of Venice FL                                                                | CUSIP: 922687AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $707889.78    | 0.17%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO AVIATION AUTH FL S                            | Greater Orlando Aviation Authority                                               | CUSIP: 39227AAB8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1603792.65   | 0.38%             | 2035-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSIO                            | Florida Local Government Finance Commission                                      | CUSIP: 34077UAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1062719.64   | 0.25%             | 2055-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E                            | La Paz County Industrial Development Authority                                   | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2481778.41   | 0.58%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                             | Black Belt Energy Gas District                                                   | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139737.40   | 0.50%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST FAC FIN AUTH REVENU                            | Montana Facility Finance Authority                                               | CUSIP: 61204KPU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054412.70   | 0.25%             | 2055-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLAIRTON PA MUNI AUTH SWR REVE                            | Clairton Municipal Authority                                                     | CUSIP: 179630DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111732.90   | 0.26%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    323574 | PA      | $282678.78    | 0.07%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                      | Colorado Health Facilities Authority (TOBs)                                      | CUSIP: 19648FGQ1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5535000 | PA      | $4989570.38   | 1.17%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                              | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817XH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4424176.69   | 1.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                             | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3163146.00   | 0.74%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505ZW9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3430303.83   | 0.80%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue    | Triborough Bridge & Tunnel Authority Sales Tax Revenue (TOBs)                    | CUSIP: 896035DG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5705950.80   | 1.34%             | 2064-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH ACT 38 FA                            | Michigan Finance Authority                                                       | CUSIP: 59447NBE5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2808233.28   | 0.66%             | 2057-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                  | New York Transportation Development Corp (TOBs)                                  | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3855297.60   | 0.90%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP SPL                             | Maryland Economic Development Corp                                               | CUSIP: 57422FAF3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $838547.00    | 0.20%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                            | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3747312.45   | 0.88%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL SPL CARE FACS FI                            | Alabama Special Care Facilities Financing Authority-Birmingham AL                | CUSIP: 091081DP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5970000 | PA      | $5728689.02   | 1.34%             | 2050-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN                            | Port of Portland OR Airport Revenue                                              | CUSIP: 7352403J0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1320814.88   | 0.31%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                 | City of Atlanta GA Department of Aviation (TOBs)                                 | CUSIP: 04780M3C1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4920000 | PA      | $5117982.03   | 1.20%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUBLIC INFRASTRUC                            | Mida Cormont Public Infrastructure District                                      | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2158736.29   | 0.51%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57585BMU9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073208.80   | 0.25%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV                             | Westchester County Local Development Corp                                        | CUSIP: 95737TET9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1990944.72   | 0.47%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                            | Louisiana Public Facilities Authority                                            | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3283990.12   | 0.77%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue | Commonwealth of Massachusetts Transportation Fund Revenue (TOBs)                 | CUSIP: 57604TKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14501980.50  | 3.40%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A                            | St Louis County Industrial Development Authority                                 | CUSIP: 791524CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1965586.10   | 0.46%             | 2048-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG                              | County of Miami-Dade FL                                                          | CUSIP: 59333NNQ2<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1242683.40   | 0.29%             | 2045-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                   | Municipal Electric Authority of Georgia (TOBs)                                   | CUSIP: 626207X33<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3550484.70   | 0.83%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma City Water Utilities Trust                       | Oklahoma City Water Utilities Trust (TOBs)                                       | CUSIP: 67865EBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3815820.90   | 0.89%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU                            | Florida Housing Finance Corp                                                     | CUSIP: 34074M3N9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2467950.97   | 0.58%             | 2044-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH EXEMPT FAC                            | Indiana Finance Authority                                                        | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5525000 | PA      | $276250.00    | 0.06%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                              | New Hampshire Business Finance Authority                                         | CUSIP: 63607YCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045467.50   | 0.24%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    381733 | PA      | $276685.96    | 0.06%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65820YSY3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249946.38   | 0.29%             | 2054-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505VA1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400772.66   | 0.33%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                              | Illinois Finance Authority                                                       | CUSIP: 45204FSP1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048398.20   | 0.25%             | 2052-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH RETM                            | Delaware State Economic Development Authority                                    | CUSIP: 246371AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008668.10   | 0.24%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974069.80    | 0.23%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    296629 | PA      | $296750.47    | 0.07%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 4521522M2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1160794.69   | 0.27%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                            | Oklahoma Development Finance Authority                                           | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1489479.00   | 0.35%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                            | Kentucky Public Energy Authority                                                 | CUSIP: 74440DGL2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1328716.50   | 0.31%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                            | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2582191.33   | 0.61%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                                   | Florida Development Finance Corp                                                 | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2673530.00   | 0.63%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLLIER CNTY FL INDL DEV AUTH                             | Collier County Industrial Development Authority                                  | CUSIP: 194641BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1746460.49   | 0.41%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                 | Private Colleges & Universities Authority (TOBs)                                 | CUSIP: 74265LA57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10003582.50  | 2.34%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC                             | Public Finance Authority                                                         | CUSIP: 74444VAH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1876556.40   | 0.44%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65821DYG0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1909612.95   | 0.45%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1842940.00   | 0.43%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL WTR & SWR R                            | County of Miami-Dade FL Water & Sewer System Revenue                             | CUSIP: 59334DNT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1404595.28   | 0.33%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH T                            | Industrial Development Authority of the City of St Louis Missouri/The            | CUSIP: 85233LAG8<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2050637.22   | 0.48%             | 2036-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING A                            | Virginia Small Business Financing Authority                                      | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4620000 | PA      | $4430740.31   | 1.04%             | 2052-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL                            | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 574218T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3280390.10   | 0.77%             | 2046-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807ML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1127684.13   | 0.26%             | 2060-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                               | City of Houston TX Airport System Revenue                                        | CUSIP: 442349GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2078556.10   | 0.49%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                | Public Finance Authority                                                         | CUSIP: 74442PL37<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507630.95   | 0.35%             | 2061-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1256431.26   | 0.29%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $992720.74    | 0.23%             | 2054-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                              | Michigan Finance Authority                                                       | CUSIP: 59447TG80<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4435000 | PA      | $4521821.78   | 1.06%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                             | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11055000 | PA      | $8962673.21   | 2.10%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HLTHCARE SY                            | Public Finance Authority                                                         | CUSIP: 74447GAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517512.95   | 0.36%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    311133 | PA      | $287995.94    | 0.07%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65820YTF3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2802551.40   | 0.66%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE TX INDEP SCH DIST                              | Waxahachie Independent School District                                           | CUSIP: 944097ZJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1001072.30   | 0.23%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BKM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1146391.01   | 0.27%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC                            | California County Tobacco Securitization Agency                                  | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1202858.02   | 0.28%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                 | Michigan State University (TOBs)                                                 | CUSIP: 594712ZH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10628320.00  | 2.49%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank State Revolving Fund     | Rhode Island Infrastructure Bank State Revolving Fund (TOBs)                     | CUSIP: 76223MBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5865472.80   | 1.37%             | 2048-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH                                         | Finance Authority of Maine                                                       | CUSIP: 56042BCS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1850519.30   | 0.43%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO LAND CLEARANCE                             | St Louis Land Clearance for Redevelopment Authority                              | CUSIP: 85233SAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3181174.50   | 0.75%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                | Public Finance Authority                                                         | CUSIP: 74442PZQ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49117.12     | 0.01%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH                            | Seminole County Industrial Development Authority                                 | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2370167.25   | 0.56%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                            | Washington State Housing Finance Commission                                      | CUSIP: 939783TK2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2929139.52   | 0.69%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                             | Arizona Industrial Development Authority                                         | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5770000 | PA      | $135595.00    | 0.03%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT                            | Port of Greater Cincinnati Development Authority                                 | CUSIP: 734195EE6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    725000 | PA      | $688401.78    | 0.16%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI PROJ REVENU                            | Public Finance Authority                                                         | CUSIP: 74444UAX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2138551.18   | 0.50%             | 2055-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CANAL WINCHESTER OH LOCAL SCH                             | Canal Winchester Local School District                                           | CUSIP: 137087JZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3288245.14   | 0.77%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R                            | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885FEA1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2360830.25   | 0.55%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE                             | County of Cuyahoga OH                                                            | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1892141.80   | 0.44%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY-HOUSTON TX SPORTS                             | Harris County-Houston Sports Authority                                           | CUSIP: 413890EV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $1868899.50   | 0.44%             | 2050-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY                            | Iowa Student Loan Liquidity Corp                                                 | CUSIP: 462590NK2<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142786.80   | 0.50%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP STUD                            | Maryland Economic Development Corp                                               | CUSIP: 57420VTK9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024479.90   | 0.24%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                            | California Statewide Communities Development Authority                           | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000812.70   | 0.23%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    228839 | PA      | $222057.68    | 0.05%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPTION BOND TRUST RECEI                            | Tender Option Bond Trust Receipts/Certificates                                   | CUSIP: 88035FZV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2251748 | PA      | $1978701.26   | 0.46%             | 2053-05-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                         | Regional Transportation Authority (TOBs)                                         | CUSIP: 7599114F4<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2706337.20   | 0.63%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                   | South Carolina Public Service Authority (TOBs)                                   | CUSIP: 8371514Y2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15560025.00  | 3.65%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue      | County of Miami-Dade FL Water & Sewer System Revenue (TOBs)                      | CUSIP: 59334DLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12750000 | PA      | $11683058.75  | 2.74%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                               | City of Houston TX Airport System Revenue                                        | CUSIP: 442349FX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1460721.93   | 0.34%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505ZL3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1463798.28   | 0.34%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority     | Pennsylvania Economic Development Financing Authority (TOBs)                     | CUSIP: 70870JFM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1748252 | PA      | $1536258.74   | 0.36%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                            | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    635000 | PA      | $630317.89    | 0.15%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                            | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JGT4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1336790.75   | 0.31%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                            | California Municipal Finance Authority                                           | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    140000 | PA      | $105488.60    | 0.02%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049665.10   | 0.25%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2356059 | PA      | $2497284.71   | 0.59%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI PROJ REVENU                            | Public Finance Authority                                                         | CUSIP: 74444UAW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2611343.50   | 0.61%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                      | Colorado Health Facilities Authority (TOBs)                                      | CUSIP: 19648FKA1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4861846.62   | 1.14%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                            | Public Finance Authority                                                         | CUSIP: 74442ENV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997730.20   | 0.47%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                            | Main Street Natural Gas Inc                                                      | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1649949.24   | 0.39%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A                            | St Louis County Industrial Development Authority                                 | CUSIP: 791524CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2875866.75   | 0.67%             | 2049-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                             | Black Belt Energy Gas District                                                   | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5555000 | PA      | $5862235.38   | 1.37%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP                              | New York Energy Finance Development Corp                                         | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120726.00   | 0.50%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903104.00    | 0.21%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM                            | Arkansas Development Finance Authority                                           | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501511.70   | 0.35%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| RENO NV SALES TAX REVENUE                                 | City of Reno NV                                                                  | CUSIP: 759861DT1<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2475868.45   | 0.58%             | 2058-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                            | Colorado Health Facilities Authority                                             | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1554131.40   | 0.36%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                            | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1832126.00   | 0.43%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST                                  | Dallas Independent School District                                               | CUSIP: 235308Q22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2082683.70   | 0.49%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                     | Metropolitan Transportation Authority (TOBs)                                     | CUSIP: 59261AZX8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   6300000 | PA      | $5684937.30   | 1.33%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                                      | Stamford Housing Authority                                                       | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997509.00    | 0.23%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST LOCAL GOVT FIN COMM                            | Florida Local Government Finance Commission                                      | CUSIP: 34077EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2557262.50   | 0.60%             | 2055-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                             | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3924225.00   | 0.92%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority    | South Dakota Health & Educational Facilities Authority (TOBs)                    | CUSIP: 83755VG99<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   4720000 | PA      | $4745253.18   | 1.11%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medina Valley Independent School District                 | Medina Valley Independent School District (TOBs)                                 | CUSIP: 584887UR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6873900.00   | 1.61%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                             | Black Belt Energy Gas District                                                   | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1288506.88   | 0.30%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                             | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002866.70   | 0.23%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    327370 | PA      | $334414.77    | 0.08%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LOWELL MA COLLEGIATE CHRT SCH                             | Collegiate Charter School of Lowell                                              | CUSIP: 547649AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1510439.72   | 0.35%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM                            | Arkansas Development Finance Authority                                           | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2637892.14   | 0.62%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VAUXMONT MET DIST CO                                      | Vauxmont Metropolitan District                                                   | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    380000 | PA      | $325563.48    | 0.08%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT                            | Michigan State Housing Development Authority                                     | CUSIP: 594654J97<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016239.40   | 0.47%             | 2051-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3983535.44   | 0.93%             | 2060-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                  | University of Cincinnati (TOBs)                                                  | CUSIP: 9141194W9<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4692681.83   | 1.10%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV                            | City of Woodbury MN                                                              | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927573.00    | 0.22%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GEORGIA CONVENTION CT                            | Savannah Georgia Convention Center Authority                                     | CUSIP: 804828AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065993.50   | 0.25%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REGL CO TRANSPRTN DIST PRIV AC                            | Regional Transportation District                                                 | CUSIP: 759151BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533596.55   | 0.36%             | 2034-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SPL FACS                            | City & County of Denver CO                                                       | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001095.60   | 0.23%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION                            | Missouri Housing Development Commission                                          | CUSIP: 60637B8G8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1656141.02   | 0.39%             | 2049-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH SURFACE FREI                            | Illinois Finance Authority                                                       | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549711.50   | 0.36%             | 2043-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| PWR CNTY ID INDL DEV CORP SOL                             | Power County Industrial Development Corp                                         | CUSIP: 739247AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5018729.50   | 1.18%             | 2032-08-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                  | New York Transportation Development Corp (TOBs)                                  | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3783619.15   | 0.89%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F                            | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1376058.90   | 0.32%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** BNY Mellon Strategic Municipals, Inc.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer