# EDGAR Filing Document

**Accession Number:** 0001388485
**File Stem:** 0000940400-25-010183
**Filing Date:** 2025-11
**Character Count:** 139478
**Document Hash:** 036c067ffcd90dfb42258cc41bf2dace
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010183.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010183

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FundVantage Trust
- **CENTRAL INDEX KEY:** 0001388485

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22027
- **FILM NUMBER:** 251516251

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027911906

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Ambrus Tax-Conscious National Bond Fund (Series ID: S000077408)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000237822 | Institutional Class | TCNBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FundVantage Trust

- **b. Investment Company Act file number:** 811-22027

- **c. CIK number of Registrant:** 0001388485

- **d. LEI of Registrant:** 549300C6U7XKIL1IY249

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 856-528-3500

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

- **a. Name of Series:** Ambrus Tax-Conscious National Bond Fund

- **b. EDGAR series identifier (if any):** S000077408

- **c. LEI of Series:** 549300WAUR0PNPECKD06

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $408787150.73

**Total Liabilities:** $5263414.87

**Net Assets:** $403523735.86

**Delayed Delivery Securities:** $3692951.60

**Cash Not Reported:** $2934720.20

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 784.83414000 | **1-Year:** 20204.41255000 | **5-Year:** 83582.26941000 | **10-Year:** 84479.75208000 | **30-Year:** 1269.72366000

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

- **3-Month:** 0.00000000 | **1-Year:** 239.77650000 | **5-Year:** 806.03442000 | **10-Year:** 229.90206000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237822 | -0.07%               | 0.72%                | 1.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-89478.83               | $-1332974.54                               |
| Month 2  | $-4725.02                | $1475893.03                                |
| Month 3  | $-6138.89                | $3891824.15                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ESCONDIDO CA UNION SCH DIST        | Escondido Union School District/CA                                               | CUSIP: 296371UD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952541.50    | 0.24%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY DEV AUTH HSG      | Wyoming Community Development Authority                                          | CUSIP: 98322QC62<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1509474.44   | 0.37%             | 2029-06-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BELLEVUE WA                        | City of Bellevue WA                                                              | CUSIP: 0793652Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501500.75   | 0.62%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                                 | CUSIP: 064058AN0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1544299.50   | 0.38%             | N/A             | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| HOLLIDAYSBURG PA AREA SCH DIST     | Hollidaysburg Area School District                                               | CUSIP: 435475TZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208033.68    | 0.05%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOLLIDAYSBURG PA AREA SCH DIST     | Hollidaysburg Area School District                                               | CUSIP: 435475TY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261414.43    | 0.06%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 167593WR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100379.16    | 0.02%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU     | Florida Housing Finance Corp                                                     | CUSIP: 34074ME98<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235842.80    | 0.06%             | 2028-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GARDEN ST PRESERVATION TRUST N     | Garden State Preservation Trust                                                  | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $199394.13    | 0.05%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHAMBERS CNTY TX IMPT DIST #2      | Chambers County Improvement District No 2                                        | CUSIP: 157793EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $447289.60    | 0.11%             | 2031-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON      | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592029DA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3240981.18   | 0.80%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRECKENRIDGE CO COPS               | Town of Breckenridge CO                                                          | CUSIP: 106443DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $315792.06    | 0.08%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARSHALL CNTY AL                   | County of Marshall AL                                                            | CUSIP: 572002GL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110340.17    | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R     | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758WB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $627776.06    | 0.16%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                     | Morgan Stanley                                                                   | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     64395 | NS      | $1619534.25   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                       | CUSIP: 59447PYS4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    855000 | PA      | $855718.11    | 0.21%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANGER TX                          | City of Sanger TX                                                                | CUSIP: 800876GJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001246.10   | 0.25%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP     | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190NN8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011164.90   | 0.25%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN      | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GNT7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    385000 | PA      | $395096.74    | 0.10%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                                                     | CUSIP: 438687AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1988577.40   | 0.49%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK CO MET DIST REVENUE     | Park Creek Metropolitan District                                                 | CUSIP: 700387ER0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255447.02    | 0.06%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP               | Bank of America Corp                                                             | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2708784.55   | 0.67%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 167593M58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $791628.70    | 0.20%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARSHALL CNTY AL                   | County of Marshall AL                                                            | CUSIP: 572002GK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $97512.22     | 0.02%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERBORO PA SCH DIST              | Interboro School District                                                        | CUSIP: 458436YJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $243505.83    | 0.06%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAWTON OK INDL DEV AUTH SALES      | Lawton Industrial Development Authority                                          | CUSIP: 521005AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534769.55    | 0.13%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT ARTHUR TX INDEP SCH DIST      | Port Arthur Independent School District                                          | CUSIP: 733505NS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25004.95     | 0.01%             | 2027-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG       | County of Miami-Dade FL                                                          | CUSIP: 59333NZM8<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   4425000 | PA      | $3431696.36   | 0.85%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY NY                 | County of Montgomery NY                                                          | CUSIP: 613443YJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2208199.34   | 0.55%             | 2026-07-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PORT ARTHUR TX INDEP SCH DIST      | Port Arthur Independent School District                                          | CUSIP: 733505SF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006609.00   | 0.50%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&     | Texas Municipal Gas Acquisition & Supply Corp III                                | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1143105.18   | 0.28%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS                   | State of Colorado                                                                | CUSIP: 196711UZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $854033.03    | 0.21%             | 2041-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VF CORP                            | VF Corp                                                                          | CUSIP: 918204AR9<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1442216.72   | 0.36%             | 2033-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                       | CUSIP: 59447TXG3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103159.32    | 0.03%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV     | Empire State Development Corp                                                    | CUSIP: 650036CE4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1235828.13   | 0.31%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA INC IA GAS PROJ REVENUE       | PEFA Inc                                                                         | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1317875.79   | 0.33%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONARCH-CHESTERFIELD MO LEVEE      | Monarch-Chesterfield Levee District                                              | CUSIP: 609040FK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100379.06   | 0.27%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                       | CUSIP: 59447TMR1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023877.20   | 0.50%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A     | Ginnie Mae II Pool                                                               | CUSIP: 36179Y2N3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3641625 | PA      | $3748293.72   | 0.93%             | 2054-07-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MCCAMEY TX INDEP SCH DIST          | McCamey Independent School District                                              | CUSIP: 579372DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253966.05    | 0.06%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN      | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GC28<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1607159.97   | 0.40%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH      | Illinois State Toll Highway Authority                                            | CUSIP: 452252LE7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503147.90   | 0.37%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST COPS               | Commonwealth of Pennsylvania                                                     | CUSIP: 709144PA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036330.40   | 0.50%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST MUNI PWR AGY            | Indiana Municipal Power Agency                                                   | CUSIP: 454898UQ8<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504710.80    | 0.13%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORESVILLE TX ELEC LIGHT & PW     | City of Floresville TX Electric Light & Power System Revenue                     | CUSIP: 340405MT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1862285.71   | 0.46%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                          | CUSIP: 837151PQ6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011029.90   | 0.25%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLATSOP CNTY OR SCH DIST #10 S     | Seaside School District No 10                                                    | CUSIP: 182846BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $1101909.63   | 0.27%             | 2042-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE      | Michigan State Building Authority                                                | CUSIP: 594615FW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005522.00   | 0.25%             | 2046-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC             | BP Capital Markets PLC                                                           | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1069066.00   | 0.26%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX     | Utah Transit Authority                                                           | CUSIP: 917567CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4082365.58   | 1.01%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G     | Central Plains Energy Project                                                    | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071767.50   | 0.27%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FOSSIL RIDGE CO MET DIST #3        | Fossil Ridge Metropolitan District No 3                                          | CUSIP: 34988CCM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311873.97    | 0.08%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN     | M-S-R Energy Authority                                                           | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1699934.88   | 0.42%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774YVK0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500070.30    | 0.12%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO ROCKWOOD S     | St Louis County Reorganized School District No R-6                               | CUSIP: 791434YJ6<br>LEI: 5493001F82TRNN592T40 | Long             | DBT              | MUN               | US        |    505000 | PA      | $460362.80    | 0.11%             | 2032-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY KS UNIF SCH DIST#     | Douglas County Unified School District No 348 Baldwin City                       | CUSIP: 259133JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $391240.78    | 0.10%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                                 | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1397590.03   | 0.35%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| INTERBORO PA SCH DIST              | Interboro School District                                                        | CUSIP: 458436YL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104230.96    | 0.03%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                              | CUSIP: 64966QK58<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    700000 | PA      | $765264.36    | 0.19%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA CA UNIF SCH DIS     | Folsom Cordova Unified School District School Facilities Improvement Dist No 5   | CUSIP: 34440VCR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $251636.58    | 0.06%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TACOMA WA ELEC SYS REVENUE         | City of Tacoma WA Electric System Revenue                                        | CUSIP: 873519MZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949792.20    | 0.24%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L           | Huntsman International LLC                                                       | CUSIP: 44701QBF8<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $844156.62    | 0.21%             | 2031-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NORTH PENN PA SCH DIST             | North Penn School District                                                       | CUSIP: 661517XK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1798108.90   | 0.45%             | 2050-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH       | South Dakota Housing Development Authority                                       | CUSIP: 83756C2D6<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251953.33    | 0.06%             | 2029-05-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL ENERGY SYS REVENUE     | City of Lakeland FL Department of Electric Utilities                             | CUSIP: 51166FDZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247239.83    | 0.06%             | 2028-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET      | Minneapolis-St Paul Metropolitan Airports Commission                             | CUSIP: 603827C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529698.80   | 0.38%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MED CENTER MS EDUCTNL BLDG COR     | Medical Center Educational Building Corp                                         | CUSIP: 584556FJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004619.10   | 0.25%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST SCH OF MINES INSTN     | Colorado School of Mines                                                         | CUSIP: 19658QCL9<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |    505000 | PA      | $512373.25    | 0.13%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                      | State of Washington                                                              | CUSIP: 93974ERY4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    340000 | PA      | $356563.81    | 0.09%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH       | South Dakota Housing Development Authority                                       | CUSIP: 83756C2C8<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    450000 | PA      | $451781.19    | 0.11%             | 2028-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA PUBLIC HOSP DIST      | King County Public Hospital District No 1                                        | CUSIP: 494782LF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1216694.52   | 0.30%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITEHALL OH CITY SCH DIST         | Whitehall City School District                                                   | CUSIP: 965152NB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $705585.78    | 0.17%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                      | County of Bexar TX                                                               | CUSIP: 088281G46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027218.60   | 0.50%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WATERSTONE MET DIST #1 CO          | Waterstone Metropolitan District No 1                                            | CUSIP: 94189PAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261755.25    | 0.06%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST ENVRNMNTL IMPT & E     | Missouri State Environmental Improvement & Energy Resources Authority            | CUSIP: 606907BF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925197.60    | 0.23%             | 2033-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST GAMING TAX REVE     | State of Mississippi Gaming Tax Revenue                                          | CUSIP: 605638AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $915861.66    | 0.23%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $307665.43    | 0.08%             | 2027-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                    | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1444198.36   | 0.36%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MAUSTON WI JT SCH DIST #1          | Mauston School District                                                          | CUSIP: 577662FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $402144.53    | 0.10%             | 2035-03-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| ABINGTON PA SCH DIST               | Abington School District                                                         | CUSIP: 003554R95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496052.55    | 0.12%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TN ELEC REVENUE          | City of Knoxville TN Electric System Revenue                                     | CUSIP: 499746C86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2578276.56   | 0.64%             | 2027-07-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU     | Florida Housing Finance Corp                                                     | CUSIP: 34074ME72<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    450000 | PA      | $451264.41    | 0.11%             | 2027-07-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 64983XWB6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2732022.75   | 0.68%             | 2031-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                   | District of Columbia                                                             | CUSIP: 25476FVK1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1416280.74   | 0.35%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA WTR & SWR AUT     | District of Columbia Water & Sewer Authority                                     | CUSIP: 254845QE3<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    685000 | PA      | $701453.22    | 0.17%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV     | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182RS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $774990.45    | 0.19%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY FRN                    | United States Treasury Floating Rate Note                                        | CUSIP: 91282CJU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5950000 | PA      | $5950102.46   | 1.47%             | 2026-01-31      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050988.60   | 0.51%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA     | New York State Dormitory Authority                                               | CUSIP: 64990AFG5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    375000 | PA      | $381344.14    | 0.09%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH GAS SPLYR     | Illinois Finance Authority                                                       | CUSIP: 45202WAH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000425.00   | 0.50%             | 2030-03-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST HOME CORP SF MT     | Mississippi Home Corp                                                            | CUSIP: 60535QQ86<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    815000 | PA      | $847465.20    | 0.21%             | 2031-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE     | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 7962535T5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007695.80   | 0.25%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OK REVENUES                   | University of Oklahoma/The                                                       | CUSIP: 91476PPB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2802664.48   | 0.69%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE        | Indiana Finance Authority                                                        | CUSIP: 45506DSP1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    305000 | PA      | $305372.86    | 0.08%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER      | New York Convention Center Development Corp                                      | CUSIP: 649451DM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501987.00   | 0.62%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESTRN LEBANON CNTY PA SCH DIST     | Eastern Lebanon County School District                                           | CUSIP: 276612XY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $488104.63    | 0.12%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURN OR RURAL FIRE PROT DI     | Woodburn Rural Fire Protection District                                          | CUSIP: 979022CQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1420625.66   | 0.35%             | 2044-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ERIE PA SWR AUTH                   | Erie Sewer Authority                                                             | CUSIP: 295533RX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1453813.48   | 0.36%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF KANSAS KS HOSP AUTH HL     | University of Kansas Hospital Authority                                          | CUSIP: 914367DE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500453.25    | 0.12%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA     | New Hampshire Health and Education Facilities Authority Act                      | CUSIP: 6446142Z1<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750381.45    | 0.19%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA     | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JLU5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    820000 | PA      | $824192.82    | 0.20%             | 2029-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH LEASE REVENU     | New Hampshire Business Finance Authority                                         | CUSIP: 63610FBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $331928.18    | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH GEN R     | New York State Thruway Authority                                                 | CUSIP: 650010AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1920967.68   | 0.48%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JASPER CNTY MO SCH DIST #R-IXC     | Jasper County Reorganized School District No R-IX Carthage                       | CUSIP: 471494CE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40613.37     | 0.01%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395YP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181964.70    | 0.05%             | 2028-07-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV CONVENTION & VISI     | Las Vegas Convention & Visitors Authority                                        | CUSIP: 51771FBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4435000 | PA      | $4633658.29   | 1.15%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                   | CUSIP: 09182TED5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017507.40   | 0.25%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP REN     | City of Phoenix Civic Improvement Corp                                           | CUSIP: 718846AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070518.20   | 0.27%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                               | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   4244423 | NS      | $4244422.82   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN     | County of Harris TX Toll Road Revenue                                            | CUSIP: 41423PAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3062706.30   | 0.76%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CITY NJ                   | City of Atlantic City NJ                                                         | CUSIP: 048339VH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257501.48    | 0.06%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                                 | CUSIP: 064058AF7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    700000 | PA      | $696030.29    | 0.17%             | N/A             | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU     | Philadelphia Gas Works Co                                                        | CUSIP: 71783MDF9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2270391.55   | 0.56%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREENE CNTY OH                     | County of Greene OH                                                              | CUSIP: 394641QK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1057281.64   | 0.26%             | 2031-12-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST HOME CORP SF MT     | Mississippi Home Corp                                                            | CUSIP: 60535QQ94<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    350000 | PA      | $361078.24    | 0.09%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&     | Texas Municipal Gas Acquisition & Supply Corp III                                | CUSIP: 88256HBE7<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5059233.55   | 1.25%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY              | Wells Fargo & Co                                                                 | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2474070.60   | 0.61%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FGP3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1853322.25   | 0.46%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV     | City of Austin TX Water & Wastewater System Revenue                              | CUSIP: 052476U97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1105078.27   | 0.27%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1706625.83   | 0.42%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R     | City of Minneapolis MN                                                           | CUSIP: 60374VDK6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100193.86    | 0.02%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOON PA AREA SCH DIST              | Moon Area School District                                                        | CUSIP: 615401RZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261227.78    | 0.06%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HSG DIV SF MTGE REVE     | Nevada Housing Division                                                          | CUSIP: 641279ZJ6<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    500000 | PA      | $601760.15    | 0.15%             | 2049-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I     | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528UZH7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021557.40   | 0.25%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                                | CUSIP: 452152D99<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    830000 | PA      | $832470.91    | 0.21%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAREGNONDI WTR AUTH MI             | Karegnondi Water Authority                                                       | CUSIP: 48563UCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $715137.70    | 0.18%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WSTRN IL UNIV                      | Western Illinois University                                                      | CUSIP: 958366L53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $890611.23    | 0.22%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILSON PA SCH DIST                 | Wilson School District                                                           | CUSIP: 972369SM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527083.05    | 0.13%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY DEV AUTH HSG      | Wyoming Community Development Authority                                          | CUSIP: 98322QW45<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2812614.75   | 0.70%             | 2055-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING      | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061962.70   | 0.26%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PARKER CNTY TX                     | County of Parker TX                                                              | CUSIP: 701060JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5571030.30   | 1.38%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G     | Central Plains Energy Project                                                    | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2233275.87   | 0.55%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC     | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041WG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $778395.59    | 0.19%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOUNTAINHEAD TX MUNI UTILITY D     | Fountainhead Municipal Utility District                                          | CUSIP: 350832KG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172849.20    | 0.04%             | 2026-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO     | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FAT4<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    525000 | PA      | $535862.46    | 0.13%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP      | New York City Housing Development Corp                                           | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150014.46    | 0.04%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| WESTMORELAND CNTY PA MUNI AUTH     | Westmoreland County Municipal Authority                                          | CUSIP: 961017SH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $361577.72    | 0.09%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE     | Port Authority of New York & New Jersey                                          | CUSIP: 73358WX82<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015885.80   | 0.25%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL                  | County of Jefferson AL                                                           | CUSIP: 472628RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $864559.40    | 0.21%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH      | American Municipal Power Inc                                                     | CUSIP: 02765UMJ0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    750000 | PA      | $749948.85    | 0.19%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS INFRASTRUCTURE CO     | Hudson Yards Infrastructure Corp                                                 | CUSIP: 44420RBE9<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4222235.01   | 1.05%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV ARPT REVENUE         | County of Clark Department of Aviation                                           | CUSIP: 18085PRB2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    550000 | PA      | $559184.89    | 0.14%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY     | San Francisco City & County Airport Comm-San Francisco International Airport     | CUSIP: 79766DMD8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046055.20   | 0.51%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&     | Texas Municipal Gas Acquisition & Supply Corp III                                | CUSIP: 88256HBC1<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518890.55    | 0.13%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                                | CUSIP: 452152B34<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075370.77   | 0.27%             | 2034-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SUNMAN DEARBORN IN HIGH SCH BL     | Sunman-Dearborn High School Building Corp                                        | CUSIP: 867420DH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $624718.50    | 0.15%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOVER NH                           | City of Dover NH                                                                 | CUSIP: 260183C71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000231.10   | 0.25%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| S W HOUSTON TX REDEV AUTH TAX      | Southwest Houston Redevelopment Authority                                        | CUSIP: 845045BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $212571.14    | 0.05%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH       | South Dakota Housing Development Authority                                       | CUSIP: 83756C2F1<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252276.95    | 0.06%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MACON CNTY IL SCH DIST #61         | Macon County School District No 61 Decatur                                       | CUSIP: 555597HX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $616601.52    | 0.15%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILDWOOD UTILITY DEPENDENT DIS     | Wildwood Utility Dependent District                                              | CUSIP: 968214AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $836950.08    | 0.21%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH      | Illinois State Toll Highway Authority                                            | CUSIP: 452252MT3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1007281.54   | 0.25%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX                         | City of El Paso TX                                                               | CUSIP: 283734F71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014452.80   | 0.50%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING      | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503792.45    | 0.12%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU     | Wisconsin Housing & Economic Development Authority Housing Revenue               | CUSIP: 9769042R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265975.15    | 0.07%             | 2026-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH       | South Dakota Housing Development Authority                                       | CUSIP: 83756C2E4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252636.83    | 0.06%             | 2029-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204FJJ5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1291453.45   | 0.32%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT     | Washington Metropolitan Area Transit Authority Dedicated Revenue                 | CUSIP: 93878YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515345.15    | 0.13%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC     | Miami-Dade County Educational Facilities Authority                               | CUSIP: 59333AMY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007202.90   | 0.25%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE      | Michigan State Building Authority                                                | CUSIP: 594615BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001809.20   | 0.50%             | 2045-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH        | Lancaster County Hospital Authority/PA                                           | CUSIP: 514045W41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $768782.55    | 0.19%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                           | CUSIP: 13048VX78<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049993.10   | 0.26%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA CA UNIF SCH DIS     | Folsom Cordova Unified School District School Facilities Improvement Dist No 5   | CUSIP: 34440VCQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $845000.00    | 0.21%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANSING MICH BRD WTR & LT UTIL     | Lansing Board of Water & Light                                                   | CUSIP: 516391DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510474.45    | 0.13%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU     | Florida Housing Finance Corp                                                     | CUSIP: 34074MF22<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    710000 | PA      | $716203.70    | 0.18%             | 2029-01-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE               | State of Ohio                                                                    | CUSIP: 67756CCU0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002767.40   | 0.50%             | 2041-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JACINTO TX CMNTY CLG DIST      | San Jacinto Community College District                                           | CUSIP: 798025PY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3054414.00   | 0.76%             | 2049-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REVENU     | Public Finance Authority                                                         | CUSIP: 74442CCY8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36486.00     | 0.01%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                              | CUSIP: 64966QL57<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051462.40   | 0.26%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTHERN INDIANA COMMUTER TRAN     | Northern Indiana Commuter Transportation District                                | CUSIP: 66528PBC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3363495.41   | 0.83%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN     | Illinois Housing Development Authority                                           | CUSIP: 45203MKA8<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405827.24    | 0.10%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH PLAINFIELD NJ                | Borough of South Plainfield NJ                                                   | CUSIP: 839431VM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1621500 | PA      | $1639097.17   | 0.41%             | 2026-08-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HSG FIN AUTH      | Escambia County Housing Finance Authority                                        | CUSIP: 296121FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508246.25   | 0.37%             | 2027-06-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT     | Washington Metropolitan Area Transit Authority                                   | CUSIP: 938782FT1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033896.20   | 0.50%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA     | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DTF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017031.60   | 0.50%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                   | Commonwealth of Massachusetts                                                    | CUSIP: 57582RWZ5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1408978.18   | 0.35%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225RH1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    850000 | PA      | $959396.87    | 0.24%             | 2045-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UPPER SAINT CLAIR TWP PA SCH D     | Upper St Clair Township School District                                          | CUSIP: 916507TQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017274.20   | 0.25%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CMNTY CLG DIST     | Oregon Coast Community College District                                          | CUSIP: 68583NCJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217740.86    | 0.05%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH      | Illinois State Toll Highway Authority                                            | CUSIP: 452252LX5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    600000 | PA      | $603281.88    | 0.15%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T     | Lower Colorado River Authority                                                   | CUSIP: 54811BWV9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103289.53    | 0.03%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN     | Massachusetts Bay Transportation Authority Sales Tax Revenue                     | CUSIP: 575579D87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3575732.65   | 0.89%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L     | Central Florida Expressway Authority                                             | CUSIP: 153476EJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $583689.23    | 0.14%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA                       | City of Allentown PA                                                             | CUSIP: 018340PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5001.49      | 0.00%             | 2027-10-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL CAPITAL IMPT CIG     | County of Pasco FL                                                               | CUSIP: 70252AAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $608447.41    | 0.15%             | 2054-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SPDR Portfolio High Yield Bond ETF | SPDR Portfolio High Yield Bond ETF                                               | CUSIP: 78468R606<br>LEI: N/A                  | Long             | EC               | RF                | US        |    215000 | NS      | $5147100.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DEL RIO TX                         | City of Del Rio TX                                                               | CUSIP: 245379M74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606130.38    | 0.15%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL      | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602N7C2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025090.00   | 0.50%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND ME ARPT REVENUE           | City of Portland ME General Airport Revenue                                      | CUSIP: 736564FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $349860.82    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE      | Michigan State Building Authority                                                | CUSIP: 594615KM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518309.65    | 0.13%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CMNTY CLG DIST     | Oregon Coast Community College District                                          | CUSIP: 68583NCK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $215769.96    | 0.05%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURPOSE AUT     | Lehigh County General Purpose Authority                                          | CUSIP: 52480RFL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150022.04    | 0.04%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT LA WTR & SWR REVENU     | City of Shreveport LA Water & Sewer Revenue                                      | CUSIP: 825485UQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $817405.72    | 0.20%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BANCORP           | Western Alliance Bancorp                                                         | CUSIP: 957638AD1<br>LEI: 5493003VJXZ5JXT9S762 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486200.00    | 0.12%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AURORA OR                          | City of Aurora OR                                                                | CUSIP: 052042CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529793.35    | 0.13%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                                 | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011952.00   | 0.25%             | N/A             | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                  | State Street Corp                                                                | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |     25000 | NS      | $581500.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &      | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821691AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542218.60    | 0.13%             | 2044-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERBORO PA SCH DIST              | Interboro School District                                                        | CUSIP: 458436YK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $267588.69    | 0.07%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                                | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90259.61     | 0.02%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | CUSIP: 709221VE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509169.15    | 0.13%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EDINA MN INDEP SCH DIST #273       | Edina Independent School District No 273                                         | CUSIP: 280659VJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $141849.80    | 0.04%             | 2030-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 287                                  | CUSIP: 41422LKT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89066.94     | 0.02%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TURLOCK CA UNIF SCH DIST           | Turlock Unified School District                                                  | CUSIP: 90021PEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $819990.80    | 0.20%             | 2042-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WHITEHALL OH CITY SCH DIST         | Whitehall City School District                                                   | CUSIP: 965152KZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $665552.55    | 0.16%             | 2030-12-01      | Fixed         | 3.50%                 | 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        |    500000 | PA      | $524980.05    | 0.13%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UAB MEDICINE FIN AUTH AL REVEN     | UAB Medicine Finance Authority                                                   | CUSIP: 902562CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513103.05    | 0.13%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                   | District of Columbia                                                             | CUSIP: 25476FWG9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    540000 | PA      | $550125.54    | 0.14%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REVENUE          | City of Baltimore MD                                                             | CUSIP: 05922KZS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2665206.23   | 0.66%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS                   | State of Colorado                                                                | CUSIP: 196711RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209441.74    | 0.05%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80889.44     | 0.02%             | 2028-01-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE       | Illinois Finance Authority                                                       | CUSIP: 45204FTB1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    600000 | PA      | $607554.24    | 0.15%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST PUBLIC PWR DIST RE     | Nebraska Public Power District                                                   | CUSIP: 63968AS89<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2471553.88   | 0.61%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH WTRWKS REVENUE           | City of Toledo OH Water System Revenue                                           | CUSIP: 889396SC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4782487.63   | 1.19%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF AKRON OH                   | University of Akron/The                                                          | CUSIP: 914023LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $903967.38    | 0.22%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUTNAM CNTY TN                     | County of Putnam TN                                                              | CUSIP: 746673YW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99414.43     | 0.02%             | 2026-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL      | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774YXG7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2460451.90   | 0.61%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 167593UT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $745683.54    | 0.18%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST SCH OF MINES INSTN     | Colorado School of Mines                                                         | CUSIP: 19658QDG9<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3043801.50   | 0.75%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FAC8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1260906.53   | 0.31%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITEHALL OH CITY SCH DIST         | Whitehall City School District                                                   | CUSIP: 965152NT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $590490.23    | 0.15%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                  | CUSIP: 3140NGEP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1017839 | PA      | $1046780.02   | 0.26%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 167593WQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60749.70     | 0.02%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KAUFMAN CNTY TX MUNI UTILITY D     | Kaufman County Municipal Utility District No 14                                  | CUSIP: 48619KGJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39199.69     | 0.01%             | 2027-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BERLIN NY CENTRL SCH DIST          | Berlin Central School District/NY                                                | CUSIP: 085113CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10088.50     | 0.00%             | 2026-08-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRAILS AT CROWFOOT MET DIST #3     | Trails at Crowfoot Metropolitan District No 3                                    | CUSIP: 89286RAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $550109.25    | 0.14%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST TRANSPRTN IN     | South Carolina Transportation Infrastructure Bank                                | CUSIP: 837152UA3<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    355000 | PA      | $351536.69    | 0.09%             | 2026-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE           | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |    500000 | PA      | $465734.24    | 0.12%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CHAMBERS CNTY TX JUSTICE CENTE     | Chambers County Justice Center Public Facilities Corp                            | CUSIP: 157795AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2235632.16   | 0.55%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                    | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2717886.74   | 0.67%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OSSINING TOWN NY                   | Town of Ossining NY                                                              | CUSIP: 688562FD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1749344 | PA      | $1763733.58   | 0.44%             | 2026-07-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MISSOURI JT MUNI ELEC UTILITY      | Missouri Joint Municipal Electric Utility Commission                             | CUSIP: 606092LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523771.25   | 0.63%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HSG AUTH REVENUE       | Delaware State Housing Authority                                                 | CUSIP: 246395YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100567.58    | 0.02%             | 2027-01-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC     | Metropolitan Government of Nashville & Davidson County TN Electric Revenue       | CUSIP: 592030J35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1111754.71   | 0.28%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                    | City of Philadelphia PA                                                          | CUSIP: 717813TJ8<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2568339.00   | 0.64%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224QF9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503745.50    | 0.12%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY PA MUNI AUTH       | Cumberland County Municipal Authority                                            | CUSIP: 230614NZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $828391.47    | 0.21%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC     | Miami-Dade County Educational Facilities Authority                               | CUSIP: 59333AMZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1424653.70   | 0.35%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU     | Wayne County Airport Authority                                                   | CUSIP: 944514SX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500129.30    | 0.12%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP     | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190NK4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   4015000 | PA      | $4139674.18   | 1.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEARWATER FL WTR & SWR REVENU     | City of Clearwater FL Water & Sewer Revenue                                      | CUSIP: 185328KM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1040650.57   | 0.26%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX LEVEE IMPT D     | Fort Bend County Levee Improvement District No 19                                | CUSIP: 34679WEQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $519113.11    | 0.13%             | 2034-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MOUNT PLEASANT WI TAX INCR REV     | Village of Mount Pleasant WI                                                     | CUSIP: 622823AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $657737.47    | 0.16%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XWN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939577.90    | 0.23%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                                                 | CUSIP: 3132DU4P9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1542276 | PA      | $1619877.36   | 0.40%             | 2054-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM JEFFERSON AL CIVIC      | Birmingham-Jefferson Civic Center Authority                                      | CUSIP: 091156NG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1762124.53   | 0.44%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YORK CNTY NE SCH DIST #12          | York School District/NE                                                          | CUSIP: 986365HK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2160734.34   | 0.54%             | 2050-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY DEV AUTH HSG      | Wyoming Community Development Authority                                          | CUSIP: 98322QC47<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1304543.24   | 0.32%             | 2028-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261AHD2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    165000 | PA      | $168644.47    | 0.04%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH P     | South Carolina Ports Authority                                                   | CUSIP: 837123JL3<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1263391.63   | 0.31%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JORDAN VLY UT WTR CONSERVANCY      | Jordan Valley Water Conservancy District                                         | CUSIP: 480780KW4<br>LEI: 549300FO664B0R46Z431 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013362.70   | 0.25%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                   | Kilroy Realty LP                                                                 | CUSIP: 49427RAQ5<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    150000 | PA      | $124795.90    | 0.03%             | 2032-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO MUNI FIN CORP       | St Louis Municipal Finance Corp                                                  | CUSIP: 79165TTZ4<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |    555000 | PA      | $527059.30    | 0.13%             | 2037-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HOLLIDAYSBURG PA AREA SCH DIST     | Hollidaysburg Area School District                                               | CUSIP: 435475TX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262372.83    | 0.07%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                    | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1840058.50   | 0.46%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                       | KKR & Co Inc                                                                     | CUSIP: 48251W609<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    150000 | NS      | $3892500.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                             | CUSIP: 19648FPQ1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    875000 | PA      | $885105.55    | 0.22%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY              | Wells Fargo & Co                                                                 | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347003.48    | 0.09%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ELEC UTILITY SYS REV     | City of Austin TX Electric Utility Revenue                                       | CUSIP: 052414PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999855.80    | 0.25%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF VERMONT & ST AGRIC CLG     | University of Vermont and State Agricultural College                             | CUSIP: 915200YQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $478714.79    | 0.12%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REVENUE          | City of Baltimore MD                                                             | CUSIP: 05922KYU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1382890.03   | 0.34%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY        | North Dakota Housing Finance Agency                                              | CUSIP: 6589096K7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    730000 | PA      | $735383.31    | 0.18%             | 2035-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WESTMORELAND CNTY PA MUNI AUTH     | Westmoreland County Municipal Authority                                          | CUSIP: 961017SF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1187726.54   | 0.29%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERCED CA CITY SCH DIST            | Merced City School District                                                      | CUSIP: 587601RL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1902248.52   | 0.47%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                | Northern Trust Corp                                                              | CUSIP: 665859AQ7<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   2620000 | PA      | $2609617.20   | 0.65%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU     | Florida Housing Finance Corp                                                     | CUSIP: 34074ME80<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200601.12    | 0.05%             | 2028-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON      | Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue  | CUSIP: 592098T49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3695000 | PA      | $3730652.69   | 0.92%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HOSP REVE     | District of Columbia                                                             | CUSIP: 254764KC6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003010.10   | 0.25%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY DEV AUTH HSG      | Wyoming Community Development Authority                                          | CUSIP: 98322QC54<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1437912.33   | 0.36%             | 2028-12-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES      | Chicago Transit Authority Sales Tax Receipts Fund                                | CUSIP: 16772PBU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4086367.21   | 1.01%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                               | CUSIP: 64985SMR1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019519.20   | 0.75%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST           | School District of Philadelphia/The                                              | CUSIP: 717883UE0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   5960000 | PA      | $6051835.26   | 1.50%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI SEWERAGE REVENUE      | City of Milwaukee WI Sewerage System Revenue                                     | CUSIP: 60242MDF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330255.55    | 0.08%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAYNE MI ST UNIV REVENUES          | Wayne State University                                                           | CUSIP: 946303J62<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |    680000 | PA      | $698035.16    | 0.17%             | 2026-11-15      | 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        |   2150000 | PA      | $2346092.90   | 0.58%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA BAY FL WTR REGL WTR SPLY     | Tampa Bay Water                                                                  | CUSIP: 875124HX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3187132.20   | 0.79%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR      | Los Angeles Department of Water & Power                                          | CUSIP: 544495Z72<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003550.60   | 0.25%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL      | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602N7D0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1108601.34   | 0.27%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE OH CITY SCH DIST        | Louisville City School District                                                  | CUSIP: 547055EF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24882.73     | 0.01%             | 2025-12-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power Water System Revenue                     | CUSIP: 544525WJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1999198.97   | 0.50%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX UTILITY SYS REVENUE      | City of Denton TX Utility System Revenue                                         | CUSIP: 249015C89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102179.53    | 0.03%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE          | City of Chicago IL Waterworks Revenue                                            | CUSIP: 167736P50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $361992.02    | 0.09%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH        | Lancaster County Hospital Authority/PA                                           | CUSIP: 514045M26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2061491.48   | 0.51%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OTOE CNTY NE SCH DIST #501         | Otoe County School District No 501/NE                                            | CUSIP: 68905WGX4<br>LEI: 549300R8E2J7ZYWLX040 | Long             | DBT              | MUN               | US        |    700000 | PA      | $720446.51    | 0.18%             | 2042-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAMBERS CNTY TX JUSTICE CENTE     | Chambers County Justice Center Public Facilities Corp                            | CUSIP: 157795BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1007206.41   | 0.25%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA SAN AUTH         | Allegheny County Sanitary Authority                                              | CUSIP: 017357E67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $832964.07    | 0.21%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO             | General Motors Financial Co Inc                                                  | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1165995.98   | 0.29%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NATOMAS CA UNIF SCH DIST           | Natomas Unified School District                                                  | CUSIP: 63877NLT2<br>LEI: 5493003NJ3RTOZO25E38 | Long             | DBT              | MUN               | US        |    950000 | PA      | $752052.02    | 0.19%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY NY                     | County of Orange NY                                                              | CUSIP: 6845755L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14886.08     | 0.00%             | 2026-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA TRANSIENT OCCUPA     | City of Sacramento CA Transient Occupancy Tax Revenue                            | CUSIP: 786073BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1135368.26   | 0.28%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPOKANE WA PUBLIC FACS DIST HO     | Spokane Public Facilities District                                               | CUSIP: 849088DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1607733.28   | 0.40%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL      | Philadelphia Authority for Industrial Development                                | CUSIP: 71783DAY1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103190.72    | 0.03%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUDUBON MUNI UTIL DIST NO 1 TX     | Audubon Municipal Utility District No 1                                          | CUSIP: 050888BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $517208.93    | 0.13%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                    | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PX56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 0.19%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH     | Massachusetts School Building Authority                                          | CUSIP: 576000VB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1476811.69   | 0.37%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRADBURN CO MET DIST #3            | Bradburn Metropolitan District No 3                                              | CUSIP: 103847AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $708924.37    | 0.18%             | 2036-12-01      | Fixed         | 4.50%                 | 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        |   1750000 | PA      | $1971375.00   | 0.49%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC     | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041WF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $494446.41    | 0.12%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC CNTY WA PUBLIC HTHCARE     | Pacific County Public Healthcare Services District No 3                          | CUSIP: 694133CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1175802.40   | 0.29%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                                | CUSIP: 452153AS8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970678.10    | 0.24%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH HLTH FACS REV     | Iowa Finance Authority                                                           | CUSIP: 462466EZ2<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501267.85    | 0.12%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512880.50   | 0.37%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY KS UNIF SCH DIST#     | Douglas County Unified School District No 348 Baldwin City                       | CUSIP: 259133JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $821831.04    | 0.20%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REVENUE           | County of King WA Sewer Revenue                                                  | CUSIP: 4952893M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2962660.80   | 0.73%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI PUBLIC SCHS        | Grand Rapids Public Schools                                                      | CUSIP: 386280RU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031244.00   | 0.26%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF KANSAS KS HOSP AUTH HL     | University of Kansas Hospital Authority                                          | CUSIP: 914367DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500682.00   | 0.62%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP             | Bank of New York Mellon Corp/The                                                 | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     13250 | NS      | $341452.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KAREGNONDI WTR AUTH MI             | Karegnondi Water Authority                                                       | CUSIP: 48563UBZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1142209.91   | 0.28%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 1675935E8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1307532.00   | 0.32%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC            | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4325000 | PA      | $4395686.37   | 1.09%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN     | State of Iowa Board of Regents                                                   | CUSIP: 46256QKJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906830.80    | 0.22%             | 2031-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE      | Metropolitan Transportation Authority                                            | CUSIP: 59261AGW1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15036.27     | 0.00%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU     | Florida Housing Finance Corp                                                     | CUSIP: 34074MF30<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    410000 | PA      | $414405.86    | 0.10%             | 2029-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO     | New York State Dormitory Authority                                               | CUSIP: 64990FX58<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2209850.03   | 0.55%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOLLIDAYSBURG PA AREA SCH DIST     | Hollidaysburg Area School District                                               | CUSIP: 435475TW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $248388.89    | 0.06%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                     | County of Harris TX                                                              | CUSIP: 414005WT1<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001172.10   | 0.74%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                                                     | CUSIP: 438670X22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1770000.00   | 0.44%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ZIONS BANCORP NA                   | Zions Bancorp NA                                                                 | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1595277.21   | 0.40%             | 2035-11-19      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| RIVERDALE RANCH MET DIST CO        | Riverdale Ranch Metropolitan District                                            | CUSIP: 768701AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264017.63    | 0.07%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                             | CUSIP: 167593WS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3006897.60   | 0.75%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH       | South Dakota Housing Development Authority                                       | CUSIP: 83756C2G9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507138.25    | 0.13%             | 2030-11-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                      | Citigroup Inc                                                                    | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1935015.10   | 0.48%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S     | Long Island Power Authority                                                      | CUSIP: 5426908M7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000251.40   | 0.25%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GEN R     | Philadelphia Housing Authority                                                   | CUSIP: 71783PAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $638309.79    | 0.16%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAHAM CNTY AZ JAIL DIST REVEN     | Graham County Jail District                                                      | CUSIP: 384567AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000894.10   | 0.25%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN     | Iowa Finance Authority                                                           | CUSIP: 462467G39<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    250000 | PA      | $228463.98    | 0.06%             | 2029-07-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC              | Foundry JV Holdco LLC                                                            | CUSIP: 350930AK9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4307336.92   | 1.07%             | 2039-01-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                              | CUSIP: 64966MHP7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101214.39    | 0.03%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                  | State Street Corp                                                                | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2169190.80   | 0.54%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** FundVantage Trust

**Signature:** Christine S. Catanzaro

**Name of Signer:** Christine S. Catanzaro

**Title:** Treasurer and Chief Financial Officer