# EDGAR Filing Document

**Accession Number:** 0000751656
**File Stem:** 0002071691-26-011424
**Filing Date:** 2026-5
**Character Count:** 209563
**Document Hash:** 5714f596abcd53b3ba86f01551116bd9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-011424.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0002071691-26-011424

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS MUNICIPAL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000751656

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04096
- **FILM NUMBER:** 261018840

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE MUNICIPAL BOND TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19890410

## Series and Classes Contracts Data

### MFS California Municipal Bond Fund (Series ID: S000002530)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006978 | A            | MCFTX           |
| C000006979 | B            | MBCAX           |
| C000006980 | C            | MCCAX           |
| C000169767 | I            | MCAVX           |
| C000194244 | R6           | MPOAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Municipal Series Trust

- **b. Investment Company Act file number:** 811-04096

- **c. CIK number of Registrant:** 0000751656

- **d. LEI of Registrant:** 5493001Q9KE7H84Z5340

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS California Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000002530

- **c. LEI of Series:** HJJE4BDRSB2UZB44II16

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $809752957.23

**Total Liabilities:** $21664089.58

**Net Assets:** $788088867.65

**Delayed Delivery Securities:** $16630231.70

**Cash Not Reported:** $0.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -784.47836410 | **1-Year:** -20297.23784590 | **5-Year:** -100045.57243640 | **10-Year:** -287101.62988350 | **30-Year:** -120331.25914740

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

- **3-Month:** -218.96849110 | **1-Year:** -4732.90048260 | **5-Year:** -19575.49686720 | **10-Year:** -48240.05945370 | **30-Year:** -30409.46308730

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006980 | 0.41%                | 1.65%                | -2.61%               |
| Class ID C000006979 | 0.42%                | 1.66%                | -2.43%               |
| Class ID C000194244 | 0.54%                | 1.73%                | -2.42%               |
| Class ID C000169767 | 0.53%                | 1.72%                | -2.42%               |
| Class ID C000006978 | 0.48%                | 1.72%                | -2.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-61598.40               | $1797851.34                                |
| Month 2  | $-77817.23               | $10963758.83                               |
| Month 3  | $-449924.30              | $-21246615.51                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California Community Housing Agency                                             | California Community Housing Agency                                                           | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1799089.60   | 0.23%             | 2056-02-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024A                                     | CUSIP: 13069BBB1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    650000 | PA      | $683699.25    | 0.09%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreland School District                                                        | Moreland School District                                                                      | CUSIP: 616794KA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1344616.42   | 0.17%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority                                                                      | CUSIP: 74446EAC0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    555000 | PA      | $499500.00    | 0.06%             | 2024-08-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| CMFA Special Finance Agency XII                                                 | CMFA Special Finance Agency XII                                                               | CUSIP: 12574XAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1408221.60   | 0.18%             | 2057-02-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2720381.70   | 0.35%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports, Series 2023 A                                     | CUSIP: 544445Y78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4264779.42   | 0.54%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency                                                             | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1944657 | PA      | $1958201.05   | 0.25%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2025C-2                        | CUSIP: 13078YYL3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2129682.45   | 0.27%             | 2051-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam                                                                             | CUSIP: 40065HDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    500000 | PA      | $502470.45    | 0.06%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corona-Norco Unified School District                                            | Corona-Norco Unified School District, Series D                                                | CUSIP: 219764UR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2626708.50   | 0.33%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                             | City of San Jose, Series 2025A-1                                                              | CUSIP: 798165LJ3<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2734515.68   | 0.35%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garvey School District                                                          | Garvey School District                                                                        | CUSIP: 366658NP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $1793256.48   | 0.23%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179PG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2104067.93   | 0.27%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                              | Norman Y Mineta San Jose International Airport SJC                                            | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000084.00   | 0.25%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville Joint Union High School District                                      | Roseville Joint Union High School District, Series 2026 B                                     | CUSIP: 777849XC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1636989.17   | 0.21%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025 A                                         | CUSIP: 13048V5D6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1489633.95   | 0.19%             | 2056-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063EKK1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47443.02     | 0.01%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $650298.79    | 0.08%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Paramount Unified School District                                               | Paramount Unified School District                                                             | CUSIP: 699211PE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1384612.25   | 0.18%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                        | Washington Township Health Care District                                                      | CUSIP: 940204ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993791.70    | 0.13%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13081CAC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1768811.44   | 0.22%             | 2039-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| City of Wildomar CA                                                             | City of Wildomar, Series 2026                                                                 | CUSIP: 968118BS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $330175.14    | 0.04%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority                                                   | CUSIP: 13069BAR7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    450000 | PA      | $443541.87    | 0.06%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                  | Oakland Unified School District, Series 2023A                                                 | CUSIP: 672325R58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7361357.50   | 0.93%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063D4G0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3165660.30   | 0.40%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |      9000 | PA      | $8042.57      | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                           | CUSIP: 13080SX33<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044065.40   | 0.26%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colton Joint Unified School District                                            | Colton Joint Unified School District, Series A                                                | CUSIP: 197036RM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $326147.78    | 0.04%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1968528.71   | 0.25%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024                                      | CUSIP: 13069ABA5<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1240391.21   | 0.16%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1566000 | PA      | $1301654.82   | 0.17%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Santa Maria Bonita School District                                              | Santa Maria Bonita School District                                                            | CUSIP: 802250CN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1216555.38   | 0.15%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VUY2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    175000 | PA      | $181376.62    | 0.02%             | 2036-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2026A                          | CUSIP: 13080S3P7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2792687.70   | 0.35%             | 2056-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | City & County of San Francisco, Series 2025B-1                                                | CUSIP: 79765PEF6<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1273743.19   | 0.16%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 130483ES5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3796944.40   | 0.48%             | 2036-11-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023                | CUSIP: 79772ADP9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101413.80   | 0.14%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513628.35    | 0.07%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio                                        | MFS Institutional Money Market Portfolio, Class A                                             | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  33164381 | NS      | $33164381.09  | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| El Monte Union High School District                                             | El Monte Union High School District, Series F                                                 | CUSIP: 283353WF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $678395.20    | 0.09%             | 2048-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | Transbay Joint Powers Authority                                                               | CUSIP: 89356CBK1<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $308545.98    | 0.04%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2025                                              | CUSIP: 13056HAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $755246.70    | 0.10%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YQG3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    470000 | PA      | $471137.26    | 0.06%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Power Revenue           | San Francisco City & County Public Utilities Commission Power, Series 2023 A                  | CUSIP: 79771KEC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3614198.70   | 0.46%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kerman Public Financing Authority                                               | Kerman Public Financing Authority, Series 2025                                                | CUSIP: 492195BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1518564.85   | 0.19%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series LTD OBLIG BDS 2024 W                                | CUSIP: 130331AM3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3524923.51   | 0.45%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2190732.12   | 0.28%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Windsor Joint Powers Financing Authority                                        | Windsor Joint Powers Financing Authority, Series 2026                                         | CUSIP: 973507BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1772085.88   | 0.22%             | 2056-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                       | Mendocino-Lake Community College District                                                     | CUSIP: 58661PBT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1283859.18   | 0.16%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kerman Public Financing Authority                                               | Kerman Public Financing Authority, Series 2025                                                | CUSIP: 492195BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4151228.00   | 0.53%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | California State Public Works Board, Series 2026A                                             | CUSIP: 13068XTJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1309383.38   | 0.17%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District                                                      | San Ysidro School District                                                                    | CUSIP: 799561PJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1796689.48   | 0.23%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue           | Regents of the University of California Medical Center Pooled                                 | CUSIP: 913366KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4520440.00   | 0.57%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $986401.65    | 0.13%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13051BAC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    435000 | PA      | $435198.01    | 0.06%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                           | CUSIP: 13048V4M7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523807.00   | 0.32%             | 2035-09-01      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                             | Napa Valley Unified School District                                                           | CUSIP: 6303614D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3083501.77   | 0.39%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SUY8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    430000 | PA      | $432203.92    | 0.05%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alvord Unified School District                                                  | Alvord Unified School District                                                                | CUSIP: 022555XY7<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936152.80    | 0.12%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                          | Patriots Energy Group Financing Agency, Series 2023 SUB B-1                                   | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2028257.03   | 0.26%             | 2054-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 V                                              | CUSIP: 13034DAR5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4913372.00   | 0.62%             | 2040-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SVA9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    980000 | PA      | $980613.87    | 0.12%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Mesa-Spring Valley School District                                           | La Mesa-Spring Valley School District, Series 2023 B                                          | CUSIP: 503678SF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1837842.20   | 0.23%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $210053.65    | 0.03%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    970000 | PA      | $972884.78    | 0.12%             | 2038-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2023 F                                | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3213717.34   | 0.41%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YNX9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    940000 | PA      | $942846.88    | 0.12%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cambria Community Services District Wastewater Revenue                          | Cambria Community Services District Wastewater                                                | CUSIP: 13201RAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1109101.95   | 0.14%             | 2052-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 130591BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $1983653.68   | 0.25%             | 2050-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sierra View Local Health Care District CA                                       | Sierra View Local Health Care District                                                        | CUSIP: 82650PDG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300626.52    | 0.04%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $697306.37    | 0.09%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023                | CUSIP: 79772ADM6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1669872.60   | 0.21%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TS38<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    425000 | PA      | $426869.75    | 0.05%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     31000 | PA      | $27854.64     | 0.00%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority                                                      | CUSIP: 76827QJC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2538978.90   | 0.32%             | 2047-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | San Diego County Regional Airport Authority                                                   | CUSIP: 79739GGP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $664911.29    | 0.08%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority                                                   | CUSIP: 13069BAQ9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    825000 | PA      | $825289.91    | 0.10%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District Electric System Revenue                  | Truckee-Donner Public Utility District Electric System                                        | CUSIP: 89781AAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1338725.88   | 0.17%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UL30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014705.80   | 0.26%             | 2058-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Carlsbad CA                                                             | City of Carlsbad, Series 2003 A                                                               | CUSIP: 142585BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1536029.16   | 0.19%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series M TEBS 2023 A                                  | CUSIP: 130489AA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3474030.12   | 0.44%             | 2046-09-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency                             | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750492.00    | 0.10%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024A                                | CUSIP: 13032US82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5655000 | PA      | $5774298.45   | 0.73%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conejo Valley Unified School District                                           | Conejo Valley Unified School District, Series E                                               | CUSIP: 206849HP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4240000 | PA      | $2709011.05   | 0.34%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | Tender Option Bond Trust Receipts                                                             | CUSIP: 88035MBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2221791.20   | 0.28%             | 2055-05-01      | Variable      | -3.16%                | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $402668.28    | 0.05%             | 2045-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Wildomar CA                                                             | City of Wildomar, Series 2026                                                                 | CUSIP: 968118BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $544118.52    | 0.07%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ravenswood City School District                                                 | Ravenswood City School District, Series 2025B                                                 | CUSIP: 754405KH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $381678.11    | 0.05%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | Transbay Joint Powers Authority                                                               | CUSIP: 89356CBM7<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    275000 | PA      | $278919.27    | 0.04%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UK80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    750000 | PA      | $774345.90    | 0.10%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Nietos School District                                                      | Los Nietos School District, Series E                                                          | CUSIP: 545590JL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $314651.50    | 0.04%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                                                        | Village of Bridgeview                                                                         | CUSIP: 108555GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1008041.11   | 0.13%             | 2036-12-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports, Series 2025A                                      | CUSIP: 5444453B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4167433.20   | 0.53%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $848229.29    | 0.11%             | 2048-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TKB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $526609.49    | 0.07%             | 2040-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Newport Beach CA                                                        | City of Newport Beach, Series 2023 A                                                          | CUSIP: 651784UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $565881.57    | 0.07%             | 2038-09-02      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13051BAD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    390000 | PA      | $391900.90    | 0.05%             | 2059-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                        | City of Newport Beach, Series 2023 A                                                          | CUSIP: 651784UU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $659852.35    | 0.08%             | 2043-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | Southern California Public Power Authority                                                    | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1741682.61   | 0.22%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T4N0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009329.60   | 0.25%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVD2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85036.35     | 0.01%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024 E-1                       | CUSIP: 13079PZR7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3428323.09   | 0.44%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024 D                                | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4284094.80   | 0.54%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048RAG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2909381.10   | 0.37%             | 2044-10-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                   | Ceres Unified School District                                                                 | CUSIP: 156753PW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $992266.19    | 0.13%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                  | Clovis Unified School District, Series C                                                      | CUSIP: 189342T32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4709697.50   | 0.60%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water & Power, Series 2025 A                                        | CUSIP: 544532PW8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051284.20   | 0.26%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024 H                                | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5409991.00   | 0.69%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                 | Central Valley Energy Authority, Series 2025                                                  | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3228222.00   | 0.41%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2026B                                 | CUSIP: 13013JHM1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3115470.90   | 0.40%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YQH1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    470000 | PA      | $464002.28    | 0.06%             | 2049-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Community College District                                             | Imperial Community College District                                                           | CUSIP: 452641JD6<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |    500000 | PA      | $359372.45    | 0.05%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series LTD OBLIG BDS 2024 Q                                | CUSIP: 130331AE1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    985000 | PA      | $970497.94    | 0.12%             | 2041-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2025 E                                | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8035752.75   | 1.02%             | 2056-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series VV                                               | CUSIP: 74526YGW9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     55000 | PA      | $54745.36     | 0.01%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $359101.60    | 0.05%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445GW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1349292.87   | 0.17%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | San Diego County Regional Airport Authority, Series 2025 B                                    | CUSIP: 79739GTD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5203924.00   | 0.66%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority                                              | CUSIP: 13032UNE4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2451749.27   | 0.31%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Unified School District                                                | Pasadena Unified School District, Series D                                                    | CUSIP: 702282SB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3222226.50   | 0.41%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $793688.43    | 0.10%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    114000 | PA      | $113554.94    | 0.01%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445Y60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483295.60    | 0.06%             | 2043-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cambria Community Services District Wastewater Revenue                          | Cambria Community Services District Wastewater                                                | CUSIP: 13201RAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012452.40   | 0.13%             | 2047-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2026                                                           | CUSIP: 75211RTB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $345156.30    | 0.04%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series LTD OBLIG 2024 J                                    | CUSIP: 130331AF8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2924024.10   | 0.37%             | 2042-02-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VUZ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $751308.83    | 0.10%             | 2046-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | Bay Area Toll Authority, Series 2025F-1                                                       | CUSIP: 072024G30<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520865.80    | 0.07%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank                                         | CUSIP: 13035ABR9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    500000 | PA      | $442140.95    | 0.06%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179GU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500209.00    | 0.06%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority                                              | CUSIP: 13032UB49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5167421.00   | 0.66%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Maria Bonita School District                                              | Santa Maria Bonita School District                                                            | CUSIP: 802250CP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986169.10    | 0.13%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville Joint Union High School District                                      | Roseville Joint Union High School District, Series 2026 B                                     | CUSIP: 777849XB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1419054.39   | 0.18%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2026C                                 | CUSIP: 13013JHW9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4290378.80   | 0.54%             | 2036-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13048RAP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3972416.40   | 0.50%             | 2054-03-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                   | Doylestown Hospital Authority, Series 2019A                                                   | CUSIP: 261333HE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65744.52     | 0.01%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                    | Chicago Board of Education Dedicated Capital Improvement Tax, Series 2016                     | CUSIP: 167510AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2223395.18   | 0.28%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057EAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2486727.39   | 0.32%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $880246.60    | 0.11%             | 2038-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1292787 | PA      | $1300108.04   | 0.16%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179RG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017497.60   | 0.13%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445Y52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2140881.00   | 0.27%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TX32<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010085.60   | 0.13%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 130483GQ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3992080.80   | 0.51%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3Y2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1158224.93   | 0.15%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hastings Campus Housing Finance Authority                                       | Hastings Campus Housing Finance Authority                                                     | CUSIP: 418338AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2881083.00   | 0.37%             | 2045-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2025A                                             | CUSIP: 13058TVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1732135.45   | 0.22%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                   | Ceres Unified School District, Series 2025A                                                   | CUSIP: 156753RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4169338.00   | 0.53%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TEV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $508975.41    | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $922121.30    | 0.12%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13049YAJ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225150.01    | 0.03%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024A                          | CUSIP: 13080ST79<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3646850.20   | 0.46%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                       | Golden State Tobacco Securitization Corp.                                                     | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $964031.46    | 0.12%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Community College District                                        | Santa Barbara Community College District, Series 2025 A                                       | CUSIP: 801283HP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $605086.83    | 0.08%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063ECU8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1617580.65   | 0.21%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080STN4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1980491.80   | 0.25%             | 2057-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2025A                          | CUSIP: 13080S2S2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3080799.00   | 0.39%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                   | Ceres Unified School District                                                                 | CUSIP: 156753PX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $1015424.81   | 0.13%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indio Finance Authority                                                         | Indio Finance Authority                                                                       | CUSIP: 45571LDQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3735000 | PA      | $3933807.70   | 0.50%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Garden Grove Public Financing Authority                                         | Garden Grove Public Financing Authority, Series 2024A                                         | CUSIP: 36527RBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3575422.40   | 0.45%             | 2054-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024C                                 | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9338921.10   | 1.19%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $130991.32    | 0.02%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport                  | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000098.00   | 0.51%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T6J7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4318553.63   | 0.55%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UK98<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021343.10   | 0.13%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                     | San Bernardino City Unified School District                                                   | CUSIP: 796714EZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041388.00   | 0.26%             | 2045-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024A                           | CUSIP: 13034A5L0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2983653.60   | 0.38%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Housing Authority                                                 | Santa Barbara Housing Authority, Series 2026                                                  | CUSIP: 80136RAA7<br>LEI: 549300H08071W16B9131 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1460697.15   | 0.19%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mt San Antonio Community College District                                       | Mt San Antonio Community College District                                                     | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5075566.50   | 0.64%             | 2043-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2025                                              | CUSIP: 13056HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000779.40   | 0.25%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    375000 | PA      | $395543.93    | 0.05%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2026A                          | CUSIP: 13079PA94<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508498.25   | 0.32%             | 2036-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TSG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $527413.48    | 0.07%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority, Inc.                                               | San Diego Housing Authority, Inc., Series 2003C                                               | CUSIP: 79728FLJ8<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1537033.29   | 0.20%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| San Rafael City Elementary School District                                      | San Rafael City Elementary School District                                                    | CUSIP: 799306PH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2473470.70   | 0.31%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SSE5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1835576.19   | 0.23%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colton Joint Unified School District                                            | Colton Joint Unified School District, Series A                                                | CUSIP: 197036RN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $407781.50    | 0.05%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Oakland CA                                                              | City of Oakland, Series 2023 D                                                                | CUSIP: 672240YN2<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5297019.50   | 0.67%             | 2053-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024B                      | CUSIP: 120827ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2829107.54   | 0.36%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                       | Alameda Corridor Transportation Authority, Series C                                           | CUSIP: 010869MM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $2922951.60   | 0.37%             | 2053-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series 2025                                      | CUSIP: 130179YQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1852149.00   | 0.24%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Barbara CA                                                      | County of Santa Barbara                                                                       | CUSIP: 80136PCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058981.60   | 0.26%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2023 A-1                                            | CUSIP: 13032WBA1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    800000 | PA      | $803086.32    | 0.10%             | 2038-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                     | CMFA Special Finance Agency                                                                   | CUSIP: 12574WAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2524913.10   | 0.32%             | 2056-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                           | North Carolina Housing Finance Agency, Series M TEMS 2024                                     | CUSIP: 65821GAA2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2948046 | PA      | $2970616.17   | 0.38%             | 2040-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $778573.68    | 0.10%             | 2036-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T5H2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1442688.91   | 0.18%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $1089214.77   | 0.14%             | 2050-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                               | City of Dallas, Series 2023                                                                   | CUSIP: 235380AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515593.74    | 0.07%             | 2053-08-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                       | Golden State Tobacco Securitization Corp.                                                     | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3914510.80   | 0.50%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVL4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165077.91    | 0.02%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3994617.20   | 0.51%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2025C-2                        | CUSIP: 13078YYK5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    860000 | PA      | $878997.14    | 0.11%             | 2046-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency                                                           | CUSIP: 13013FAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2014595.40   | 0.26%             | 2056-08-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SPM0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1932938.70   | 0.25%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lucia Mar Unified School District                                               | Lucia Mar Unified School District                                                             | CUSIP: 54947THN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2098095.75   | 0.27%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program           | Department of Veterans Affairs Veteran's Farm & Home Purchase Program                         | CUSIP: 130658ST5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $761025.76    | 0.10%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                        | Washington Township Health Care District                                                      | CUSIP: 940204GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $344239.87    | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000579.30   | 0.13%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                          | Virginia Housing Development Authority, Series 2023 F                                         | CUSIP: 92812WMR2<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026105.20   | 0.26%             | 2048-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13050WAH4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $920127.20    | 0.12%             | 2041-07-20      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4944643 | PA      | $4745309.41   | 0.60%             | 2039-07-20      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | California State University, Series 2025A                                                     | CUSIP: 13077DWE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4276758.00   | 0.54%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series 2025A                                     | CUSIP: 130179WE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535651.00    | 0.07%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist | San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist, Series 2023A | CUSIP: 79806NAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931339.10    | 0.12%             | 2053-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024A                                             | CUSIP: 13059TJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905547.60    | 0.11%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Springs Unified School District                                            | Palm Springs Unified School District, Series B                                                | CUSIP: 6966676Z2<br>LEI: 549300VO66CCEHGE5291 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2862496.50   | 0.36%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $429867.10    | 0.05%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                   | Los Angeles Housing Authority, Series 2024A                                                   | CUSIP: 544562DP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $7919212.00   | 1.00%             | 2059-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024B                      | CUSIP: 120827EE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2784556.20   | 0.35%             | 2049-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | California State University                                                                   | CUSIP: 13077DRU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1439568.80   | 0.18%             | 2052-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2026                                                           | CUSIP: 75211RTD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $635275.75    | 0.08%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Monte Union High School District                                             | El Monte Union High School District, Series F                                                 | CUSIP: 283353WG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $481300.20    | 0.06%             | 2049-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024E                                 | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116881.80   | 0.27%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pajaro Valley Water Management Agency                                           | Pajaro Valley Water Management Agency                                                         | CUSIP: 69580AAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1372732.20   | 0.17%             | 2053-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Hastings Campus Housing Finance Authority                                       | Hastings Campus Housing Finance Authority                                                     | CUSIP: 418338AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $1564137.25   | 0.20%             | 2061-07-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024A                                             | CUSIP: 13059TJR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $482137.06    | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pomona Unified School District                                                  | Pomona Unified School District                                                                | CUSIP: 732098RB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $67709.50     | 0.01%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    415000 | PA      | $402306.48    | 0.05%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inglewood Joint Powers Authority                                                | Inglewood Joint Powers Authority, Series 2025                                                 | CUSIP: 45710PAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6330975.60   | 0.80%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                  | Palomar Health                                                                                | CUSIP: 697528AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1943984.40   | 0.25%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank                                         | CUSIP: 13034AD23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990571.90    | 0.13%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Los Nietos School District                                                      | Los Nietos School District, Series E                                                          | CUSIP: 545590JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $247977.75    | 0.03%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1403201.75   | 0.18%             | 2040-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1794794.60   | 0.23%             | 2040-07-20      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| City of Wildomar CA                                                             | City of Wildomar, Series 2026                                                                 | CUSIP: 968118BT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $596383.26    | 0.08%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois                                                                             | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    440000 | PA      | $463624.04    | 0.06%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| El Monte Union High School District                                             | El Monte Union High School District, Series F                                                 | CUSIP: 283353WE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $358612.50    | 0.05%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YRL1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1881931.29   | 0.24%             | 2040-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Modesto Elementary School District                                              | Modesto Elementary School District                                                            | CUSIP: 607735CY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $132523.40    | 0.02%             | 2046-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    600000 | PA      | $398250.00    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1406218.56   | 0.18%             | 2041-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Lake Elsinore CA                                                        | City of Lake Elsinore, Series 2025                                                            | CUSIP: 50963NXB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986296.50    | 0.13%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1541458.53   | 0.20%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                              | Ontario Public Financing Authority                                                            | CUSIP: 68304RDF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $766356.71    | 0.10%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| College of the Sequoias Tulare Area Improvement District No. 3                  | College of the Sequoias Tulare Area Improvement District No. 3                                | CUSIP: 19428UFY8<br>LEI: 549300RQ29ZSYQO3DD55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $144654.14    | 0.02%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | Mountain House Community Facilities District, Series 2025                                     | CUSIP: 62412KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934114.20   | 0.25%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    383721 | PA      | $378063.11    | 0.05%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mt San Antonio Community College District                                       | Mt San Antonio Community College District                                                     | CUSIP: 623040KE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $818902.09    | 0.10%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority                                                                      | CUSIP: 74446EAA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    780000 | PA      | $569400.00    | 0.07%             | 2027-08-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| El Monte City School District                                                   | El Monte City School District, Series 2026                                                    | CUSIP: 283309RQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $513760.62    | 0.07%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T4P5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989925.90    | 0.13%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13050WAG6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1907397.80   | 0.24%             | 2041-07-20      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water & Power, Series 2025 A                                        | CUSIP: 544532PV0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027559.60   | 0.13%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13049AAG8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $738154.43    | 0.09%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                    | City of Long Beach                                                                            | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541163.75   | 0.20%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3058399.39   | 0.39%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024                                      | CUSIP: 13069AAZ1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    700000 | PA      | $659003.45    | 0.08%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davis Joint Unified School District                                             | Davis Joint Unified School District                                                           | CUSIP: 238848EF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1034138.25   | 0.13%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 130493DG1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3632849.85   | 0.46%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Series 2024                                        | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2852900.98   | 0.36%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Moorpark Unified School District                                                | Moorpark Unified School District                                                              | CUSIP: 616259FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $394740.15    | 0.05%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain View School District School Facilities Improvement District No. 3      | Mountain View School District School Facilities Improvement District No. 3, Series 2025A      | CUSIP: 62440DAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2260104.88   | 0.29%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 T                                              | CUSIP: 13034DAM6<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4911349.50   | 0.62%             | 2040-07-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1217503.18   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    475000 | PA      | $480439.08    | 0.06%             | 2039-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024 B                          | CUSIP: 13035ADX4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998475.60    | 0.13%             | 2059-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lincoln CA                                                              | City of Lincoln, Series 2025                                                                  | CUSIP: 533042MC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $537941.58    | 0.07%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13081KAU4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540931.55   | 0.20%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara County Financing Authority                                          | Santa Clara County Financing Authority                                                        | CUSIP: 801577QU4<br>LEI: 549300A73O1Q5POHAT69 | Long             | DBT              | MUN               | US        |   5270000 | PA      | $4749264.98   | 0.60%             | 2039-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TP49<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1468192.05   | 0.19%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SYW8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    650000 | PA      | $643184.36    | 0.08%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                  | Tennergy Corp.                                                                                | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1615788.88   | 0.21%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                  | Buckeye Tobacco Settlement Financing Authority                                                | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $689424.72    | 0.09%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District Water System Revenue                     | Truckee-Donner Public Utility District Water System                                           | CUSIP: 897819AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2208299.60   | 0.28%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1380786.34   | 0.18%             | 2051-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019     | CUSIP: 79766DNS4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1599133.64   | 0.20%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YRH0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    505000 | PA      | $414604.24    | 0.05%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Kern/Cawelo Financing Authority                                           | North Kern, Series 2025 A                                                                     | CUSIP: 660313DV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2115710.89   | 0.27%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Monterey County Joint Union High School District                          | South Monterey County Joint Union High School District                                        | CUSIP: 83887TBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2284790.02   | 0.29%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority                                                      | CUSIP: 76827QJB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007495.30   | 0.13%             | 2042-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank                                         | CUSIP: 13035ADB2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2731568.93   | 0.35%             | 2052-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Fresno CA Airport Revenue                                               | City of Fresno                                                                                | CUSIP: 358100FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999251.60    | 0.13%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1278428.99   | 0.16%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colton Joint Unified School District                                            | Colton Joint Unified School District, Series A                                                | CUSIP: 197036RP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $382528.70    | 0.05%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                           | CUSIP: 130491AU7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053875.80   | 0.13%             | 2060-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority                                               | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5232771.50   | 0.66%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SUZ5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    435000 | PA      | $436686.80    | 0.06%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                | CMFA Special Finance Agency VIII                                                              | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2283816.75   | 0.29%             | 2047-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023                | CUSIP: 79772ADN4<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1385519.75   | 0.18%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UL22<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1263830.75   | 0.16%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Irvine Facilities Financing Authority                                           | Irvine Facilities Financing Authority                                                         | CUSIP: 46360WAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3544153.60   | 0.45%             | 2058-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2826000 | PA      | $2609240.43   | 0.33%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YPX7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016914.80   | 0.13%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | Guam Government Waterworks Authority                                                          | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    720000 | PA      | $728262.65    | 0.09%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | California State Public Works Board, Series 2026A                                             | CUSIP: 13068XTH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2102094.00   | 0.27%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No. 2020-1               | City & County of San Francisco                                                                | CUSIP: 79771HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35110.36     | 0.00%             | 2026-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Mountain View School District School Facilities Improvement District No. 3      | Mountain View School District School Facilities Improvement District No. 3, Series 2025A      | CUSIP: 62440DAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $880641.74    | 0.11%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2022 A   | CUSIP: 79766DUG2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2170144.50   | 0.28%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series 2026                                       | CUSIP: 03667PLN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071990.60   | 0.14%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                             | Los Angeles County Public Works Financing Authority, Series 2024 H                            | CUSIP: 54473EYP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2152104.60   | 0.27%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023B                                          | CUSIP: 13051AGA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    625000 | PA      | $654267.81    | 0.08%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sierra Sands Unified School District                                            | Sierra Sands Unified School District                                                          | CUSIP: 826482CV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $935600.53    | 0.12%             | 2033-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000495.00   | 0.13%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A   | CUSIP: 79766DWW5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4256294.40   | 0.54%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 U                                              | CUSIP: 13034DAP9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4913372.00   | 0.62%             | 2040-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| City of Upland CA                                                               | City of Upland                                                                                | CUSIP: 915346GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003121.20   | 0.13%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series BDS 2024 A                                     | CUSIP: 130489AC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004730.50   | 0.64%             | 2044-06-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District CA                                       | Sierra View Local Health Care District                                                        | CUSIP: 82650PDJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $690304.91    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $939326.40    | 0.12%             | 2040-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento CA Airport System Revenue                                                | CUSIP: 786107RY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020352.40   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $728025.77    | 0.09%             | 2047-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13051BAB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $355088.51    | 0.05%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179KL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913468.60    | 0.12%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TKC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932380.60    | 0.12%             | 2050-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 130493DH9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7690000 | PA      | $7897030.95   | 1.00%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VJF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1661814.50   | 0.21%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garden Grove Unified School District                                            | Garden Grove Unified School District                                                          | CUSIP: 3652984E5<br>LEI: 5493003B67I0BLYG4P22 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2864170.50   | 0.36%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Huntington Beach Community Facilities District                                  | Huntington Beach Community Facilities District                                                | CUSIP: 446188DX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013706.60   | 0.13%             | 2031-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024                                              | CUSIP: 13058TUE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001114.90   | 0.13%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $600000.00    | 0.08%             | 2046-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 130483HW3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3155335.93   | 0.40%             | 2043-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080STL8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999081.20    | 0.13%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                     | San Bernardino City Unified School District                                                   | CUSIP: 796714EY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055159.00   | 0.26%             | 2043-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TSF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $564251.99    | 0.07%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2025A                                             | CUSIP: 13058TVD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700244.46   | 0.22%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063EKM7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2212924.03   | 0.28%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | Black Belt Energy Gas District                                                                | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1201448.58   | 0.15%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1524000 | PA      | $1170986.58   | 0.15%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NJB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $959454.88    | 0.12%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | Black Belt Energy Gas District                                                                | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2869211.65   | 0.36%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                            | California Housing Finance Agency, Series 2026 ISSUE A                                        | CUSIP: 13034DBT0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5891413.20   | 0.75%             | 2043-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                              | Ontario Public Financing Authority, Series 2025A                                              | CUSIP: 68304REK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966763.50    | 0.12%             | 2055-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QYY2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    455000 | PA      | $302006.25    | 0.04%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Unified School District-Alameda County                                  | Alameda Unified School District-Alameda County, Series B                                      | CUSIP: 010824NF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1829527.80   | 0.23%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | Texas Water Development Board, Series 2023 A                                                  | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1592010.58   | 0.20%             | 2058-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2022 A-1                                     | CUSIP: 76827QGQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3003592.94   | 0.38%             | 2047-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    169415 | PA      | $163574.55    | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A   | CUSIP: 79766DWX3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038964.80   | 0.13%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    230339 | PA      | $213160.06    | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville Joint Union High School District                                      | Roseville Joint Union High School District, Series 2026 B                                     | CUSIP: 777849XD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1234800.12   | 0.16%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo Public Financing Authority                                      | San Luis Obispo Public Financing Authority, Series 2023                                       | CUSIP: 798641CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5185679.00   | 0.66%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    944000 | PA      | $930319.55    | 0.12%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District CA                                            | San Diego Unified School District                                                             | CUSIP: 797356FU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2053398.20   | 0.26%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2026A-1                               | CUSIP: 13013JHK5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3171298.80   | 0.40%             | 2056-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Windsor Joint Powers Financing Authority                                        | Windsor Joint Powers Financing Authority, Series 2026                                         | CUSIP: 973507BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3657145.45   | 0.46%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2024                                                             | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3676746.85   | 0.47%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2025 R                                              | CUSIP: 13034DAX2<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1850118.48   | 0.23%             | 2044-08-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist | San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist, Series 2023A | CUSIP: 79806NAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $797000.24    | 0.10%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   5346000 | PA      | $5082159.40   | 0.64%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Kern/Cawelo Financing Authority                                           | North Kern, Series 2025 A                                                                     | CUSIP: 660313DW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1412538.75   | 0.18%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3X4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1566323.93   | 0.20%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ravenswood City School District                                                 | Ravenswood City School District, Series 2025B                                                 | CUSIP: 754405KJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $401450.59    | 0.05%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golden Valley Unified School District Financing Authority                       | Golden Valley Unified School District Financing Authority, Series 2025 A                      | CUSIP: 38131ABW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1746141.61   | 0.22%             | 2056-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                    | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $768982.95    | 0.10%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2025 A                               | CUSIP: 13032U3Y2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2657857.50   | 0.34%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam                                                                             | CUSIP: 40065HDU1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    170000 | PA      | $170986.77    | 0.02%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam                                                                             | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    390000 | PA      | $371056.61    | 0.05%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                              | Lake Tahoe Unified School District                                                            | CUSIP: 511012LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1416571.07   | 0.18%             | 2045-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1652242.52   | 0.21%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Community College District                                        | Santa Barbara Community College District, Series 2025 A                                       | CUSIP: 801283HN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $276138.53    | 0.04%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Lincoln CA                                                              | City of Lincoln, Series 2025                                                                  | CUSIP: 533042MD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $727263.99    | 0.09%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Wastewater System Revenue                   | East Bay Municipal Utility District Wastewater System, Series 2024A                           | CUSIP: 271012HG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040208.20   | 0.13%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fresno CA Airport Revenue                                               | City of Fresno                                                                                | CUSIP: 358100FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967529.60    | 0.12%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority                                              | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1632003.39   | 0.21%             | 2045-11-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057EFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1821875.60   | 0.23%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                           | Toll Road Investors Partnership II LP                                                         | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    886241 | PA      | $304645.34    | 0.04%             | 2043-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                        | Beverly Hills Unified School District                                                         | CUSIP: 088023HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4335000 | PA      | $3985423.87   | 0.51%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1155135.75   | 0.15%             | 2046-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport                  | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2645567.14   | 0.34%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Elsinore CA                                                        | City of Lake Elsinore, Series 2025                                                            | CUSIP: 50963NXA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998752.50    | 0.13%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    282606 | PA      | $205096.39    | 0.03%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority                                              | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021938.40   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco Community College District                                        | San Francisco Community College District, Series B                                            | CUSIP: 797683KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5309297.00   | 0.67%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ravenswood City School District                                                 | Ravenswood City School District, Series 2025B                                                 | CUSIP: 754405KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $441318.13    | 0.06%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024B                      | CUSIP: 120827EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3339694.48   | 0.42%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1913928.00   | 0.24%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Wildomar CA                                                             | City of Wildomar, Series 2026                                                                 | CUSIP: 968118BR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284714.29    | 0.04%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                              | Ontario Public Financing Authority                                                            | CUSIP: 68304RDG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $982639.71    | 0.12%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5057092.00   | 0.64%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| El Monte City School District                                                   | El Monte City School District, Series 2026                                                    | CUSIP: 283309RP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $291684.15    | 0.04%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sweetwater Union High School District                                           | Sweetwater Union High School District                                                         | CUSIP: 870462TJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1964898.60   | 0.25%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2025D                                                            | CUSIP: 786107VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049760.00   | 0.26%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TR70<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1285153.34   | 0.16%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency                                                           | CUSIP: 13013FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2407898.74   | 0.31%             | 2043-02-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024A                                     | CUSIP: 13069BBC9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012390.00   | 0.13%             | 2045-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445WS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4460673.00   | 0.57%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Nietos School District                                                      | Los Nietos School District, Series E                                                          | CUSIP: 545590JM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $297908.70    | 0.04%             | 2050-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023B                                          | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1924139.86   | 0.24%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pajaro Valley Water Management Agency                                           | Pajaro Valley Water Management Agency                                                         | CUSIP: 69580AAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3310651.05   | 0.42%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| El Dorado Irrigation District                                                   | El Dorado Irrigation District                                                                 | CUSIP: 283059GL1<br>LEI: 54930090GZM9I8KVSN04 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3192113.05   | 0.41%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                    | City of Long Beach                                                                            | CUSIP: 542403DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1485599.27   | 0.19%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 ISSUE DD                                       | CUSIP: 13034DAT1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4960470.00   | 0.63%             | 2037-11-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Housing Authority                                                 | Santa Barbara Housing Authority, Series 2026                                                  | CUSIP: 80136RAB5<br>LEI: 549300H08071W16B9131 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1947596.20   | 0.25%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Modesto Elementary School District                                              | Modesto Elementary School District                                                            | CUSIP: 607735CZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $76847.76     | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Public Financing Authority                                             | Pasadena Public Financing Authority, Series 2024                                              | CUSIP: 702274DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $386583.30    | 0.05%             | 2048-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                               | City of Irvine, Series 2025                                                                   | CUSIP: 46360TJN4<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5226065.50   | 0.66%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2025B                                 | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3229041.00   | 0.41%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $1129210.60   | 0.14%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                    | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $344080.78    | 0.04%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1955093.64   | 0.25%             | 2056-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| County of Sacramento CA                                                         | County of Sacramento, Series BDS 2024 A                                                       | CUSIP: 78611AAA2<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2438670.52   | 0.31%             | 2040-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                       | West Contra Costa Unified School District                                                     | CUSIP: 9523476K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $2697491.68   | 0.34%             | 2046-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                          | M-S-R Energy Authority                                                                        | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2070064.68   | 0.26%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2025 A                               | CUSIP: 13032U3C0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2676452.75   | 0.34%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cucamonga CA Community Facilities District                       | City of Rancho Cucamonga CA Community Facilities District                                     | CUSIP: 752117PH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015088.40   | 0.13%             | 2033-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TR88<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    850000 | PA      | $856031.77    | 0.11%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                       | City of Rancho Cordova, Series 2026                                                           | CUSIP: 75211RTC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $643325.22    | 0.08%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200007.40    | 0.03%             | 2046-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sierra View Local Health Care District CA                                       | Sierra View Local Health Care District                                                        | CUSIP: 82650PDK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $668278.64    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois                                                                             | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    410000 | PA      | $429196.28    | 0.05%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Upland CA                                                               | City of Upland                                                                                | CUSIP: 915346GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904431.20    | 0.11%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stockton Public Financing Authority                                             | Stockton Public Financing Authority                                                           | CUSIP: 86139TAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1540558.66   | 0.20%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024A                                     | CUSIP: 13067VBT0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3615031.35   | 0.46%             | 2059-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3G1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505083.30    | 0.06%             | 2054-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    205000 | PA      | $205104.02    | 0.03%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority, Inc.                                               | San Diego Housing Authority, Inc., Series 2005                                                | CUSIP: 79728FLK5<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |    212000 | PA      | $205953.57    | 0.03%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    385000 | PA      | $379420.58    | 0.05%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                              | Matching Fund Special Purpose Securitization Corp.                                            | CUSIP: 57665NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    205000 | PA      | $206061.88    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA Community Improvement Authority                                                         | CUSIP: 126292BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1448775.60   | 0.18%             | 2057-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | East Bay Municipal Utility District Water System, Series 2024 A                               | CUSIP: 271014Q70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080416.40   | 0.26%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    382000 | PA      | $355713.97    | 0.05%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 130591BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $707889.07    | 0.09%             | 2030-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SC44<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486950.20    | 0.06%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                       | Alameda Corridor Transportation Authority, Series 2022 C                                      | CUSIP: 010869JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8195000 | PA      | $4657024.28   | 0.59%             | 2052-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Hotel Development Financing Corp.                                | Virgin Islands Hotel Development Financing Corp., Series 2025A-1                              | CUSIP: 92766AAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   2100000 | PA      | $2040589.74   | 0.26%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    219601 | PA      | $219198.65    | 0.03%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13048V2T4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1312920.70   | 0.17%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $447472.67    | 0.06%             | 2041-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1017339.65   | 0.13%             | 2049-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                   | Doylestown Hospital Authority, Series 2019A                                                   | CUSIP: 261333HC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5309.31      | 0.00%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2025A                                                            | CUSIP: 786107XC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043790.60   | 0.26%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Nietos School District                                                      | Los Nietos School District, Series E                                                          | CUSIP: 545590JJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $348785.40    | 0.04%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $384897.90    | 0.05%             | 2034-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $375638.85    | 0.05%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2023 C   | CUSIP: 79766DVY2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5339977.00   | 0.68%             | 2048-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority                                               | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5289029.00   | 0.67%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13049YBF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2672400.21   | 0.34%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No. 2020-1               | City & County of San Francisco                                                                | CUSIP: 79771HAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1328488.96   | 0.17%             | 2051-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    765550 | PA      | $656970.59    | 0.08%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series 2026                                       | CUSIP: 03667PLQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1778457.21   | 0.23%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Lake Tahoe Public Financing Authority                                     | North Lake Tahoe Public Financing Authority                                                   | CUSIP: 66038WBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4425000 | PA      | $4779932.79   | 0.61%             | 2047-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    845868 | PA      | $566731.27    | 0.07%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    497583 | PA      | $543242.31    | 0.07%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** MFS Municipal Series Trust

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer