# EDGAR Filing Document

**Accession Number:** 0001181187
**File Stem:** 0001752724-25-157909
**Filing Date:** 2025-6
**Character Count:** 150255
**Document Hash:** f8ea31c11c4f15e9007ba00a822f5606
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157909.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157909

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNICIPAL INCOME QUALITY TRUST
- **CENTRAL INDEX KEY:** 0001181187

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21178
- **FILM NUMBER:** 251076978

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK INSURED MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 20020904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK MUNICIPAL INCOME TRUST III
- **DATE OF NAME CHANGE:** 20020819

## Nport-Ex

April 30, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock Municipal Income Quality Trust (BYM)**<br>

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

April 30, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 7.7%** | **Alabama — 7.7%** |  |
| Black Belt Energy Gas District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54 | $3875 | &nbsp;&nbsp; $4074760 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/55 | 2485 | &nbsp;&nbsp; 2635951 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, Refunding <br> RB, 5.25%, 10/01/49<br>| 1100 | &nbsp;&nbsp; 1105941 |
| &nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, RB, Series B-1, <br> 5.75%, 04/01/54<sup>(a)</sup><br>| 6980 | &nbsp;&nbsp; 7612928 |
| &nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Refunding RB, <br> Series B, 5.00%, 06/01/49<sup>(a)</sup><br>| 3140 | &nbsp;&nbsp; 3262200 |
| Southeast Energy Authority A Cooperative District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/56 | 3915 | &nbsp;&nbsp; 4010583 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/54 | 755 | &nbsp;&nbsp; 784318 |
|  |  | &nbsp;&nbsp; 23486681 |
| **Arizona — 1.7%** | **Arizona — 1.7%** |  |
| Arizona Industrial Development Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/01/39 | 725 | &nbsp;&nbsp; 640527 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/49 | 690 | &nbsp;&nbsp; 601529 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/54 | 530 | &nbsp;&nbsp; 448126 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., RB, Junior Lien, <br> 5.25%, 07/01/47<br>| 835 | &nbsp;&nbsp; 884418 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the County of Pima, <br> Refunding RB, 5.00%, 06/15/49<sup>(b)</sup><br>| 685 | &nbsp;&nbsp; 639774 |
| &nbsp;&nbsp;&nbsp; Maricopa County & Phoenix Industrial Development <br> Authorities, RB, S/F Housing, Series A, (GNMA), <br> 6.50%, 03/01/55<br>| 1585 | &nbsp;&nbsp; 1761876 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, <br> Refunding RB, 5.00%, 07/01/54<sup>(b)</sup><br>| 360 | &nbsp;&nbsp; 326354 |
|  |  | &nbsp;&nbsp; 5302604 |
| **California — 6.9%** | **California — 6.9%** |  |
| &nbsp;&nbsp;&nbsp; California Enterprise Development Authority, RB, 8.00%, <br> 11/15/62<sup>(b)</sup><br>| 475 | &nbsp;&nbsp; 462725 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> RB, Series A, 1st Lien, (AMBAC), 5.00%, 01/01/28<sup>(c)</sup><br>| 10100 | &nbsp;&nbsp; 10615564 |
| &nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB, M/F <br> Housing, Sustainability Bonds, 5.00%, 09/01/37<sup>(b)</sup><br>| 105 | &nbsp;&nbsp; 103760 |
| &nbsp;&nbsp;&nbsp; Mount San Antonio Community College District, Refunding <br> GO, CAB, Series A, Convertible, Election 2008, 6.25%, <br> 08/01/43<sup>(d)</sup><br>| 1580 | &nbsp;&nbsp; 1500349 |
| &nbsp;&nbsp;&nbsp; San Diego Unified School District, GO, Series C, Election <br> 2008, 0.00%, 07/01/38<sup>(e)</sup><br>| 2000 | &nbsp;&nbsp; 1147380 |
| &nbsp;&nbsp;&nbsp; San Diego Unified School District, Refunding GO, CAB, <br> Series R-1, 0.00%, 07/01/31<sup>(e)</sup><br>| 1400 | &nbsp;&nbsp; 1131857 |
| &nbsp;&nbsp;&nbsp; Yosemite Community College District, GO, Series D, <br> Election 2004, 0.00%, 08/01/37<sup>(e)</sup><br>| 10000 | &nbsp;&nbsp; 6027774 |
|  |  | &nbsp;&nbsp; 20989409 |
| **Colorado — 0.2%** | **Colorado — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Colorado Housing and Finance Authority, RB, M/F <br> Housing, Class A, Sustainability Bonds, (FHLMC), <br> 4.48%, 03/01/44<br>| 315 | &nbsp;&nbsp; 306414 |
| University of Colorado, RB, Series A, 5.00%, 06/01/50 | 420 | &nbsp;&nbsp; 432233 |
|  |  | &nbsp;&nbsp; 738647 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Connecticut — 0.7%** | **Connecticut — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut Housing Finance Authority, Refunding RB, <br> S/F Housing, Series A-R, Sustainability Bonds, <br> (FHLMC, FNMA, GNMA), 4.65%, 11/15/51<br>| $185 | &nbsp;&nbsp; $182707 |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities <br> Authority, RB, 4.25%, 07/15/53<br>| 1170 | &nbsp;&nbsp; 1044787 |
| &nbsp;&nbsp;&nbsp; Waterbury Housing Authority, RB, M/F Housing, Series A, <br> (FHLMC), 4.50%, 02/01/42<br>| 945 | &nbsp;&nbsp; 923743 |
|  |  | &nbsp;&nbsp; 2151237 |
| **Delaware — 0.8%** | **Delaware — 0.8%** |  |
| County of Kent Delaware, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/40 | 770 | &nbsp;&nbsp; 758733 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/53 | 1810 | &nbsp;&nbsp; 1698800 |
|  |  | &nbsp;&nbsp; 2457533 |
| **District of Columbia — 4.0%** | **District of Columbia — 4.0%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Housing Finance Agency, RB, M/F <br> Housing, Series A, Sustainability Bonds, (FHLMC), <br> 4.88%, 09/01/45<br>| 720 | &nbsp;&nbsp; 701965 |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Revenue, RB, Series A, <br> 5.25%, 05/01/48<br>| 635 | &nbsp;&nbsp; 669238 |
| &nbsp;&nbsp;&nbsp; District of Columbia Tobacco Settlement Financing Corp., <br> Refunding RB, 6.75%, 05/15/40<br>| 7955 | &nbsp;&nbsp; 8102276 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Refunding GO, Series A, 5.25%, <br> 01/01/48<br>| 1215 | &nbsp;&nbsp; 1274653 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority Dedicated <br> Revenue, RB, Sustainability Bonds, 5.00%, 07/15/45<br>| 1210 | &nbsp;&nbsp; 1248030 |
|  |  | &nbsp;&nbsp; 11996162 |
| **Florida — 10.2%** | **Florida — 10.2%** |  |
| Capital Trust Agency, Inc., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/45 | 615 | &nbsp;&nbsp; 509122 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 06/01/57 | 220 | &nbsp;&nbsp; 182338 |
| City of Miami Florida, RB, Series A, 5.00%, 03/01/48 | 1800 | &nbsp;&nbsp; 1835819 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Water & Sewer System <br> Revenue, RB, Series A, 4.13%, 10/01/50<br>| 3635 | &nbsp;&nbsp; 3254445 |
| County of Pasco Florida, RB, (AGM), 5.00%, 09/01/48 | 3090 | &nbsp;&nbsp; 3147685 |
| &nbsp;&nbsp;&nbsp; Escambia County Health Facilities Authority, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/38 | 1000 | &nbsp;&nbsp; 1016131 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/40 | 1050 | &nbsp;&nbsp; 1060612 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., RB, 6.50%, <br> 06/30/57<sup>(b)(f)(g)</sup><br>| 239 | &nbsp;&nbsp; 63404 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., Refunding RB, <br> 5.00%, 09/15/40<sup>(b)</sup><br>| 340 | &nbsp;&nbsp; 314690 |
| &nbsp;&nbsp;&nbsp; Florida Housing Finance Corp., RB, S/F Housing, <br> Series 1, (FHLMC, FNMA, GNMA), 4.55%, 01/01/49<br>| 1800 | &nbsp;&nbsp; 1755371 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Industrial Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 11/15/49 | 465 | &nbsp;&nbsp; 487668 |
| &nbsp;&nbsp;&nbsp; Series C, 4.13%, 11/15/51 | 3970 | &nbsp;&nbsp; 3593240 |
| &nbsp;&nbsp;&nbsp; JEA Water & Sewer System Revenue, Refunding RB, <br> Series A, 10/01/54<sup>(h)</sup><br>| 3490 | &nbsp;&nbsp; 3730623 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, 6.30%, <br> 05/01/54<br>| 260 | &nbsp;&nbsp; 269255 |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB, Series A, <br> 5.00%, 10/01/53<br>| 4000 | &nbsp;&nbsp; 4066054 |
| &nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, Refunding RB, <br> Series A, 5.25%, 10/01/56<br>| 1305 | &nbsp;&nbsp; 1334928 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| &nbsp;&nbsp;&nbsp; Preserve at South Branch Community Development <br> District, SAB, 4.00%, 11/01/50<br>| 500 | &nbsp;&nbsp; $405698 |
| &nbsp;&nbsp;&nbsp; Tampa-Hillsborough County Expressway Authority, RB, <br> 5.00%, 07/01/47<br>| 1895 | &nbsp;&nbsp; 1882296 |
| &nbsp;&nbsp;&nbsp; Two Lakes Community Development District, SAB, 5.00%, <br> 05/01/55<br>| 540 | &nbsp;&nbsp; 518977 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SAB, <br> 5.25%, 05/01/54<sup>(b)</sup><br>| 275 | &nbsp;&nbsp; 275327 |
| &nbsp;&nbsp;&nbsp; Volusia County Educational Facility Authority, RB, 5.25%, <br> 06/01/49<br>| 810 | &nbsp;&nbsp; 808754 |
| &nbsp;&nbsp;&nbsp; Westside Community Development District, Refunding <br> SAB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 05/01/37 | 260 | &nbsp;&nbsp; 234770 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/01/38 | 260 | &nbsp;&nbsp; 232660 |
|  |  | &nbsp;&nbsp; 30979867 |
| **Georgia — 1.5%** | **Georgia — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; East Point Business & Industrial Development Authority, <br> RB, Series A, 5.25%, 06/15/62<sup>(b)</sup><br>| 245 | &nbsp;&nbsp; 165375 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., RB, Series A, 5.00%, <br> 06/01/53<sup>(a)</sup><br>| 4355 | &nbsp;&nbsp; 4497467 |
|  |  | &nbsp;&nbsp; 4662842 |
| **Idaho — 0.6%** | **Idaho — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Idaho Health Facilities Authority, Refunding RB, Series A, <br> 5.25%, 03/01/50<br>| 250 | &nbsp;&nbsp; 257866 |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association, RB, (GTD), 5.50%, <br> 05/01/57<br>| 1510 | &nbsp;&nbsp; 1549341 |
|  |  | &nbsp;&nbsp; 1807207 |
| **Illinois — 8.5%** | **Illinois — 8.5%** |  |
| Chicago Board of Education, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/34 | 1620 | &nbsp;&nbsp; 1620930 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/40 | 1540 | &nbsp;&nbsp; 1500610 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Wastewater Transmission <br> Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%, <br> 01/01/58<br>| 1345 | &nbsp;&nbsp; 1394152 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Waterworks Revenue, RB, <br> Series A, 2nd Lien, (AGM), 5.50%, 11/01/62<br>| 3220 | &nbsp;&nbsp; 3383531 |
| &nbsp;&nbsp;&nbsp; Cook County Community Consolidated School District No. <br> 64 Park Ridge-Niles, GO, 5.00%, 12/01/49<br>| 1260 | &nbsp;&nbsp; 1273156 |
| Illinois Finance Authority, Refunding RB, 4.13%, 08/15/37 | 3130 | &nbsp;&nbsp; 2915407 |
| &nbsp;&nbsp;&nbsp; Illinois Housing Development Authority, Refunding RB, S/F <br> Housing, Series H, Sustainability Bonds, (FHLMC, <br> FNMA, GNMA), 4.65%, 10/01/43<br>| 1905 | &nbsp;&nbsp; 1923846 |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority, RB, Series A, 5.00%, <br> 01/01/40<br>| 7020 | &nbsp;&nbsp; 7022113 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, RB, 5.00%, <br> 06/15/57<br>| 670 | &nbsp;&nbsp; 635885 |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/39 | 1840 | &nbsp;&nbsp; 1935860 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 05/01/48 | 815 | &nbsp;&nbsp; 827550 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 12/01/45 | 1280 | &nbsp;&nbsp; 1282817 |
|  |  | &nbsp;&nbsp; 25715857 |
| **Iowa — 1.2%** | **Iowa — 1.2%** |  |
| Iowa Finance Authority, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.75%, 07/01/49<br>| 1270 | &nbsp;&nbsp; 1270894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.40%, 07/01/44<br>| 2540 | &nbsp;&nbsp; 2388965 |
|  |  | &nbsp;&nbsp; 3659859 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Kentucky — 0.7%** | **Kentucky — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Louisville and Jefferson County Metropolitan Sewer <br> District, Refunding RB, Series C, 5.00%, 05/15/49<br>| $2000 | &nbsp;&nbsp; $2059593 |
| **Louisiana — 1.3%** | **Louisiana — 1.3%** |  |
| Louisiana Public Facilities Authority, RB, 5.25%, 10/01/53 | 2330 | &nbsp;&nbsp; 2317068 |
| &nbsp;&nbsp;&nbsp; Louisiana Stadium & Exposition District, Refunding RB, <br> Series A, 5.25%, 07/01/53<br>| 1640 | &nbsp;&nbsp; 1681022 |
|  |  | &nbsp;&nbsp; 3998090 |
| **Maryland — 1.3%** | **Maryland — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Maryland Community Development Administration, RB, <br> M/F Housing, Series D-1, Sustainability Bonds, <br> (FHLMC), 4.35%, 02/01/44<br>| 1380 | &nbsp;&nbsp; 1281429 |
| Maryland Stadium Authority, RB, 5.00%, 06/01/54 | 2685 | &nbsp;&nbsp; 2729218 |
|  |  | &nbsp;&nbsp; 4010647 |
| **Massachusetts — 1.3%** | **Massachusetts — 1.3%** |  |
| Massachusetts Development Finance Agency, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/48 | 1970 | &nbsp;&nbsp; 1713377 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/47 | 2370 | &nbsp;&nbsp; 2250496 |
|  |  | &nbsp;&nbsp; 3963873 |
| **Michigan — 0.4%** | **Michigan — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; State of Michigan Trunk Line Revenue, RB, 5.50%, <br> 11/15/49<br>| 1145 | &nbsp;&nbsp; 1228978 |
| **Mississippi — 0.2%** | **Mississippi — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Mississippi Home Corp., Series 2025-06FN, Class PT, <br> 4.55%, 04/01/42<br>| 495 | &nbsp;&nbsp; 495992 |
| **Missouri — 0.3%** | **Missouri — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Kansas City Industrial Development Authority, RB, M/F <br> Housing, Sustainability Bonds, (FHLMC), 4.39%, <br> 09/01/42<br>| 897 | &nbsp;&nbsp; 840646 |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development Commission, RB, S/F <br> Housing, Series A, (FHLMC, FNMA, GNMA), 4.60%, <br> 11/01/49<br>| 180 | &nbsp;&nbsp; 179916 |
|  |  | &nbsp;&nbsp; 1020562 |
| **Nebraska — 0.3%** | **Nebraska — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District, RB, Series A, 5.25%, <br> 02/01/48<br>| 950 | &nbsp;&nbsp; 1000427 |
| **Nevada — 0.6%** | **Nevada — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Nevada Special Improvement District <br> No. 611, SAB, 4.13%, 06/01/50<br>| 1095 | &nbsp;&nbsp; 870656 |
| Tahoe-Douglas Visitors Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/40 | 400 | &nbsp;&nbsp; 405029 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/45 | 530 | &nbsp;&nbsp; 531795 |
|  |  | &nbsp;&nbsp; 1807480 |
| **New Hampshire — 1.4%** | **New Hampshire — 1.4%** |  |
| &nbsp;&nbsp;&nbsp; National Finance Authority Affordable Housing <br> Certificates, Series 2024-1, Class A, 4.15%, 10/20/40<br>| 200 | &nbsp;&nbsp; 188320 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, <br> Series 2025-1, Class A1, 4.17%, 01/20/41<sup>(a)</sup><br>| 470 | &nbsp;&nbsp; 445933 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, RB, M/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Class B, 5.75%, 04/28/42 | 595 | &nbsp;&nbsp; 599648 |
| &nbsp;&nbsp;&nbsp; Series 2, Sustainability Bonds, 4.25%, 07/20/41 | 1769 | &nbsp;&nbsp; 1684502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2, Class 3-A, Sustainability Bonds, 4.16%, <br> 10/20/41<sup>(a)</sup><br>| 1339 | &nbsp;&nbsp; 1236651 |
|  |  | &nbsp;&nbsp; 4155054 |
| **New Jersey — 6.5%** | **New Jersey — 6.5%** |  |
| &nbsp;&nbsp;&nbsp; Camden County Improvement Authority, RB, Sustainability <br> Bonds, 6.00%, 06/15/62<br>| 500 | &nbsp;&nbsp; 513410 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey (continued)** | **New Jersey (continued)** |  |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series BB, 4.00%, 06/15/50 | 3000 | &nbsp;&nbsp; $2676308 |
| &nbsp;&nbsp;&nbsp; Series S, 5.25%, 06/15/43 | 2150 | &nbsp;&nbsp; 2200738 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, <br> CAB<sup>(e)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/15/35 | 4050 | &nbsp;&nbsp; 2617995 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/15/38 | 5845 | &nbsp;&nbsp; 3226990 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, <br> Refunding RB, Series A, 4.00%, 06/15/40<br>| 1690 | &nbsp;&nbsp; 1577670 |
| Tobacco Settlement Financing Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/46 | 820 | &nbsp;&nbsp; 814851 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 06/01/46 | 2055 | &nbsp;&nbsp; 2063936 |
| &nbsp;&nbsp;&nbsp; Sub-Series B, 5.00%, 06/01/46 | 4045 | &nbsp;&nbsp; 3872716 |
|  |  | &nbsp;&nbsp; 19564614 |
| **New Mexico — 0.1%** | **New Mexico — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; City of Santa Fe New Mexico, RB, Series A, 5.00%, <br> 05/15/44<br>| 175 | &nbsp;&nbsp; 166502 |
| **New York — 7.3%** | **New York — 7.3%** |  |
| City of New York, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 10/01/47 | 100 | &nbsp;&nbsp; 105106 |
| &nbsp;&nbsp;&nbsp; Series - G-1, 5.25%, 02/01/53 | 255 | &nbsp;&nbsp; 268871 |
| Metropolitan Transportation Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.00%, 11/15/56 | 1690 | &nbsp;&nbsp; 1640566 |
| &nbsp;&nbsp;&nbsp; Series C-1, Sustainability Bonds, 5.25%, 11/15/55 | 1135 | &nbsp;&nbsp; 1154293 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, RB, <br> Series BB, 5.25%, 06/15/55<br>| 310 | &nbsp;&nbsp; 329343 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB, Series DD, 4.13%, 06/15/46<br>| 5670 | &nbsp;&nbsp; 5374444 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Series A-1, Subordinate, <br> 4.00%, 08/01/48<br>| 1320 | &nbsp;&nbsp; 1200488 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority, RB, <br> Series B, Subordinate, 5.00%, 05/01/46<br>| 1520 | &nbsp;&nbsp; 1574610 |
| &nbsp;&nbsp;&nbsp; New York Counties Tobacco Trust VI, Refunding RB, <br> Series B, 5.00%, 06/01/41<br>| 550 | &nbsp;&nbsp; 548115 |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp., Refunding RB, <br> Class 1, 5.00%, 11/15/44<sup>(b)</sup><br>| 1040 | &nbsp;&nbsp; 1033538 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series A, 5.00%, 03/15/55<br>| 970 | &nbsp;&nbsp; 994171 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Sales Tax Revenue, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/15/52 | 1000 | &nbsp;&nbsp; 1042245 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 05/15/58 | 1000 | &nbsp;&nbsp; 915653 |
| Triborough Bridge & Tunnel Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 05/15/51 | 230 | &nbsp;&nbsp; 234805 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 05/15/52 | 4340 | &nbsp;&nbsp; 4508494 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 5.25%, 11/15/40 | 1025 | &nbsp;&nbsp; 1124599 |
|  |  | &nbsp;&nbsp; 22049341 |
| **North Carolina — 0.0%** | **North Carolina — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, RB, Series A, <br> 5.13%, 10/01/54<br>| 110 | &nbsp;&nbsp; 110581 |
| **North Dakota — 0.3%** | **North Dakota — 0.3%** |  |
| North Dakota Housing Finance Agency, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 4.70%, 07/01/49 | 270 | &nbsp;&nbsp; 263180 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 6.25%, 01/01/55 | 555 | &nbsp;&nbsp; 606774 |
|  |  | &nbsp;&nbsp; 869954 |
| **Ohio — 3.1%** | **Ohio — 3.1%** |  |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, <br> Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55<br>| 2645 | &nbsp;&nbsp; 2277140 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Ohio (continued)** | **Ohio (continued)** |  |
| County of Cuyahoga Ohio, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/42 | 1805 | &nbsp;&nbsp; $1788928 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/52 | 1545 | &nbsp;&nbsp; 1464147 |
| County of Hamilton Ohio, RB, Series A, 5.00%, 08/15/42 | 2650 | &nbsp;&nbsp; 2668597 |
| &nbsp;&nbsp;&nbsp; North Ridgeville City School District, GO, 5.25%, <br> 12/01/54<br>| 1060 | &nbsp;&nbsp; 1083396 |
|  |  | &nbsp;&nbsp; 9282208 |
| **Oklahoma — 0.7%** | **Oklahoma — 0.7%** |  |
| Oklahoma Turnpike Authority, RB, 5.50%, 01/01/53 | 1960 | &nbsp;&nbsp; 2078442 |
| **Oregon — 0.9%** | **Oregon — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, CAB, Series A, (GTD), 0.00%, <br> 06/15/38<sup>(e)</sup><br>| 1115 | &nbsp;&nbsp; 588100 |
| &nbsp;&nbsp;&nbsp; State of Oregon Housing & Community Services <br> Department, RB, M/F Housing, Series K1, (FHLMC), <br> 4.33%, 11/01/43<br>| 2290 | &nbsp;&nbsp; 2226418 |
|  |  | &nbsp;&nbsp; 2814518 |
| **Pennsylvania — 4.6%** | **Pennsylvania — 4.6%** |  |
| &nbsp;&nbsp;&nbsp; Bucks County Industrial Development Authority, RB, <br> 4.00%, 07/01/46<br>| 205 | &nbsp;&nbsp; 169660 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, RB, <br> 4.00%, 08/15/49<br>| 5000 | &nbsp;&nbsp; 4380985 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, <br> Refunding RB, Series B-1, (AGC), 5.25%, 11/01/48<br>| 1085 | &nbsp;&nbsp; 1120730 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, Series 2024-<br> 26FN, Class PT, 4.63%, 02/01/42<br>| 1790 | &nbsp;&nbsp; 1814509 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F Housing, <br> Series 145A, Sustainability Bonds, 4.75%, 10/01/49<br>| 4390 | &nbsp;&nbsp; 4386597 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, Refunding RB, <br> S/F Housing, Series 142-A, Sustainability Bonds, <br> 5.00%, 10/01/43<br>| 1895 | &nbsp;&nbsp; 1935058 |
|  |  | &nbsp;&nbsp; 13807539 |
| **Puerto Rico — 4.7%** | **Puerto Rico — 4.7%** |  |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 4.75%, 07/01/53 | 6617 | &nbsp;&nbsp; 6098058 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.00%, 07/01/58 | 5010 | &nbsp;&nbsp; 4760986 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.78%, 07/01/58 | 349 | &nbsp;&nbsp; 318900 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.33%, 07/01/40 | 935 | &nbsp;&nbsp; 876809 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 4.75%, 07/01/53 | 391 | &nbsp;&nbsp; 355616 |
| &nbsp;&nbsp;&nbsp; Series B-2, Restructured, 4.78%, 07/01/58 | 520 | &nbsp;&nbsp; 476744 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB, CAB, Series A-1, Restructured, 0.00%, <br> 07/01/46<sup>(e)</sup><br>| 4335 | &nbsp;&nbsp; 1389726 |
|  |  | &nbsp;&nbsp; 14276839 |
| **South Carolina — 3.4%** | **South Carolina — 3.4%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, RB, Series A1, <br> 5.25%, 10/01/54<sup>(a)</sup><br>| 5685 | &nbsp;&nbsp; 6031201 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/55<sup>(b)</sup> | 1095 | &nbsp;&nbsp; 911813 |
| &nbsp;&nbsp;&nbsp; 7.50%, 08/15/62<sup>(b)</sup> | 505 | &nbsp;&nbsp; 462367 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/54 | 610 | &nbsp;&nbsp; 642255 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> Refunding RB, 4.00%, 12/01/44<br>| 1645 | &nbsp;&nbsp; 1435729 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Refunding RB, <br> Series B, (AGM), 5.00%, 12/01/54<br>| 900 | &nbsp;&nbsp; 901547 |
|  |  | &nbsp;&nbsp; 10384912 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Tennessee — 4.2%** | **Tennessee — 4.2%** |  |
| &nbsp;&nbsp;&nbsp; Knox County Health Educational & Housing Facility Board, <br> RB, Series A-1, (BAM), 5.50%, 07/01/54<br>| $490 | &nbsp;&nbsp; $521796 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Facs Board, Refunding RB, <br> 5.25%, 10/01/58<br>| 2465 | &nbsp;&nbsp; 2445346 |
| Tennergy Corp., RB, Series A, 5.50%, 10/01/53<sup>(a)</sup> | 1575 | &nbsp;&nbsp; 1650058 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., RB, Series A, <br> 5.00%, 05/01/52<sup>(a)</sup><br>| 2560 | &nbsp;&nbsp; 2664064 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., Refunding RB, <br> Series A-1, 5.00%, 05/01/53<sup>(a)</sup><br>| 3000 | &nbsp;&nbsp; 3075407 |
| &nbsp;&nbsp;&nbsp; Tennessee Housing Development Agency, RB, S/F <br> Housing, Series 2, Sustainability Bonds, 4.35%, <br> 01/01/48<br>| 2500 | &nbsp;&nbsp; 2244266 |
|  |  | &nbsp;&nbsp; 12600937 |
| **Texas — 21.5%** | **Texas — 21.5%** |  |
| Arlington Higher Education Finance Corp., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/62 | 530 | &nbsp;&nbsp; 509083 |
| &nbsp;&nbsp;&nbsp; 7.88%, 11/01/62 | 450 | &nbsp;&nbsp; 456010 |
| &nbsp;&nbsp;&nbsp; Bexar Management And Development Corp., RB, M/F <br> Housing, (FHLMC), 4.61%, 07/01/44<br>| 2285 | &nbsp;&nbsp; 2270085 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Airport System Revenue, ARB, <br> Series A, 5.00%, 11/15/41<br>| 1990 | &nbsp;&nbsp; 2004022 |
| &nbsp;&nbsp;&nbsp; City of Dallas Texas Waterworks & Sewer System <br> Revenue, Refunding RB, Series A, 5.00%, 10/01/41<br>| 760 | &nbsp;&nbsp; 768423 |
| City of Houston Texas, GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 03/01/49 | 475 | &nbsp;&nbsp; 498673 |
| &nbsp;&nbsp;&nbsp; Series A, 4.13%, 03/01/51 | 1775 | &nbsp;&nbsp; 1574028 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas, Refunding GOL, Series A, 5.25%, <br> 03/01/43<br>| 810 | &nbsp;&nbsp; 863253 |
| &nbsp;&nbsp;&nbsp; Coppell Independent School District, Refunding GO, (PSF-<br> GTD), 0.00%, 08/15/30<sup>(e)</sup><br>| 10030 | &nbsp;&nbsp; 8317420 |
| &nbsp;&nbsp;&nbsp; County of Harris Texas Toll Road Revenue, Refunding RB, <br> Series A, 1st Lien, 4.00%, 08/15/49<br>| 1360 | &nbsp;&nbsp; 1205710 |
| &nbsp;&nbsp;&nbsp; County of Harris Texas, Refunding GO, Series A, 4.25%, <br> 09/15/48<br>| 340 | &nbsp;&nbsp; 317821 |
| County of Harris Texas, Refunding GOL<sup>(e)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; (NPFGC), 0.00%, 08/15/25 | 7485 | &nbsp;&nbsp; 7416275 |
| &nbsp;&nbsp;&nbsp; (NPFGC), 0.00%, 08/15/28 | 10915 | &nbsp;&nbsp; 9792915 |
| &nbsp;&nbsp;&nbsp; Crowley Independent School District, GO, (PSF-GTD), <br> 4.25%, 02/01/53<br>| 310 | &nbsp;&nbsp; 290205 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport, Refunding ARB, <br> 4.00%, 11/01/49<br>| 4000 | &nbsp;&nbsp; 3471316 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District, Refunding GO, <br> Series A, (PSF), 4.00%, 08/15/49<br>| 745 | &nbsp;&nbsp; 679062 |
| &nbsp;&nbsp;&nbsp; Grand Parkway Transportation Corp., RB, CAB, Series B, <br> Convertible, 5.80%, 10/01/46<sup>(d)</sup><br>| 2365 | &nbsp;&nbsp; 2465352 |
| Hidalgo County Regional Mobility Authority, RB, CAB<sup>(e)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/01/42 | 500 | &nbsp;&nbsp; 199486 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/01/43 | 1000 | &nbsp;&nbsp; 373501 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority, Refunding RB, (AGM), <br> 5.00%, 05/15/49<br>| 3055 | &nbsp;&nbsp; 3119285 |
| &nbsp;&nbsp;&nbsp; Marshall Independent School District, GO, (PSF-GTD), <br> 4.00%, 02/15/45<br>| 380 | &nbsp;&nbsp; 350584 |
| &nbsp;&nbsp;&nbsp; Mesquite Housing Finance Corp., RB, M/F Housing, <br> Series A, Sustainability Bonds, (FHLMC), 4.53%, <br> 02/01/44<br>| 2900 | &nbsp;&nbsp; 2735102 |
| &nbsp;&nbsp;&nbsp; Midland County Fresh Water Supply District No. 1, RB, <br> CAB, Series A, 0.00%, 09/15/27<sup>(c)(e)</sup><br>| 2340 | &nbsp;&nbsp; 1384578 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., <br> RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/50 | 580 | &nbsp;&nbsp; 450179 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., <br> RB<sup>(b)</sup> (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/51 | 1535 | &nbsp;&nbsp; $1456563 |
| North Texas Tollway Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 09/01/31<sup>(e)</sup> | 1975 | &nbsp;&nbsp; 987801 |
| &nbsp;&nbsp;&nbsp; Series C, Convertible, 6.75%, 09/01/31<sup>(d)</sup> | 2500 | &nbsp;&nbsp; 2877562 |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority, Refunding RB, Series B, <br> 5.00%, 01/01/43<br>| 3795 | &nbsp;&nbsp; 3809132 |
| &nbsp;&nbsp;&nbsp; Permanent University Fund - Texas A&M University <br> System, Refunding RB, Series A, 5.00%, 07/01/54<br>| 820 | &nbsp;&nbsp; 851176 |
| &nbsp;&nbsp;&nbsp; San Antonio Housing Trust Public Facility Corp., <br> Series 2024-11FN, Class PT, 4.45%, 04/01/43<br>| 405 | &nbsp;&nbsp; 397659 |
| &nbsp;&nbsp;&nbsp; San Antonio Housing Trust Public Facility Corp., RB, M/F <br> Housing, Series A, (FHLMC), 4.43%, 04/01/43<br>| 575 | &nbsp;&nbsp; 537362 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., Refunding RB, 5.00%, 10/01/49<br>| 325 | &nbsp;&nbsp; 319139 |
| &nbsp;&nbsp;&nbsp; Texas City Industrial Development Corp., RB, <br> Series 2012, 4.13%, 12/01/45<br>| 330 | &nbsp;&nbsp; 286071 |
| &nbsp;&nbsp;&nbsp; Texas Department of Housing & Community Affairs, RB, <br> S/F Housing, Series A, (GNMA), 5.13%, 01/01/54<br>| 540 | &nbsp;&nbsp; 543637 |
| &nbsp;&nbsp;&nbsp; Texas State University System, Refunding RB, 4.00%, <br> 03/15/49<br>| 1695 | &nbsp;&nbsp; 1510899 |
|  |  | &nbsp;&nbsp; 65089369 |
| **Utah**<sup>(b)</sup> **— 0.2%** | **Utah**<sup>(b)</sup> **— 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Black Desert Public Infrastructure District, SAB, 5.63%, <br> 12/01/53<br>| 180 | &nbsp;&nbsp; 175179 |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, Refunding RB, <br> 5.00%, 06/15/55<br>| 450 | &nbsp;&nbsp; 400342 |
|  |  | &nbsp;&nbsp; 575521 |
| **Virginia — 2.8%** | **Virginia — 2.8%** |  |
| Henrico County Economic Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 11/01/48<sup>(h)</sup> | 845 | &nbsp;&nbsp; 847036 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 10/01/47 | 4580 | &nbsp;&nbsp; 4647927 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 10/01/52 | 1170 | &nbsp;&nbsp; 1178675 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series B-1, 5.00%, 06/01/47<br>| 1225 | &nbsp;&nbsp; 1083273 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority, RB, M/F <br> Housing, Series G, 5.15%, 11/01/52<br>| 505 | &nbsp;&nbsp; 512725 |
| Virginia Housing Development Authority, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; Series E-2, 4.40%, 10/01/44 | 100 | &nbsp;&nbsp; 96224 |
| &nbsp;&nbsp;&nbsp; Series E-2, 4.55%, 10/01/49 | 230 | &nbsp;&nbsp; 221064 |
|  |  | &nbsp;&nbsp; 8586924 |
| **Washington — 0.1%** | **Washington — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission, RB, M/F <br> Housing, Series 2, Class 1, Sustainability Bonds, <br> 4.08%, 03/20/40<sup>(a)</sup><br>| 443 | &nbsp;&nbsp; 407774 |
| **Wisconsin — 1.5%** | **Wisconsin — 1.5%** |  |
| Public Finance Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 06/15/51 | 305 | &nbsp;&nbsp; 233780 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 06/15/56 | 400 | &nbsp;&nbsp; 300244 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/55 | 395 | &nbsp;&nbsp; 332318 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.50%, 01/01/35 | 620 | &nbsp;&nbsp; 599923 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, RB, <br> Series A, 5.75%, 08/15/54<br>| 265 | &nbsp;&nbsp; 274458 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Wisconsin (continued)** | **Wisconsin (continued)** |  |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & Economic Development Authority <br> Home Ownership Revenue, RB, S/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.85%, 09/01/43<br>| 430 | &nbsp;&nbsp; $434618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.75%, 09/01/50<br>| 2535 | &nbsp;&nbsp; 2440109 |
|  |  | &nbsp;&nbsp; 4615450 |
| **Total Municipal Bonds — 113.7%** <br>**(Cost: $342,391,584)** | **Total Municipal Bonds — 113.7%** <br>**(Cost: $342,391,584)** | &nbsp;&nbsp; 344970026 |
| **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> |
| **Alabama**<sup>(a)</sup> **— 5.3%** | **Alabama**<sup>(a)</sup> **— 5.3%** |  |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.50%, 10/01/54 | 10000 | &nbsp;&nbsp; 10682201 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.25%, 02/01/53 | 5020 | &nbsp;&nbsp; 5241509 |
|  |  | &nbsp;&nbsp; 15923710 |
| **District of Columbia — 2.0%** | **District of Columbia — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Water & Sewer Authority, Refunding <br> RB, Series B, 5.00%, 10/01/49<br>| 6035 | &nbsp;&nbsp; 6101536 |
| **Florida — 2.5%** | **Florida — 2.5%** |  |
| &nbsp;&nbsp;&nbsp; City of Fort Lauderdale Florida Water & Sewer Revenue, <br> RB, Series B, 5.50%, 09/01/53<br>| 7045 | &nbsp;&nbsp; 7540757 |
| **Indiana — 3.0%** | **Indiana — 3.0%** |  |
| Indiana Finance Authority, RB, Series A, 4.00%, 11/01/51 | 10685 | &nbsp;&nbsp; 9054860 |
| **Massachusetts — 3.4%** | **Massachusetts — 3.4%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series D, 5.00%, <br> 10/01/51<br>| 10000 | &nbsp;&nbsp; 10269308 |
| **Nevada — 3.2%** | **Nevada — 3.2%** |  |
| &nbsp;&nbsp;&nbsp; Las Vegas Valley Water District, GOL, Series A, 5.00%, <br> 06/01/49<br>| 9500 | &nbsp;&nbsp; 9833027 |
| **New York — 19.2%** | **New York — 19.2%** |  |
| &nbsp;&nbsp;&nbsp; Empire State Development Corp., RB, Series A, 5.00%, <br> 03/15/50<br>| 8000 | &nbsp;&nbsp; 8213305 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, RB, <br> Series AA-1, 5.25%, 06/15/52<br>| 10000 | &nbsp;&nbsp; 10470653 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB, Series DD, 5.00%, 06/15/47<br>| 9705 | &nbsp;&nbsp; 10072698 |
| New York City Transitional Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 05/01/50 | 10000 | &nbsp;&nbsp; 10338057 |
| &nbsp;&nbsp;&nbsp; Series H-1, 5.00%, 11/01/50 | 6991 | &nbsp;&nbsp; 7199370 |
| New York State Dormitory Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/53 | 3973 | &nbsp;&nbsp; 4082052 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 07/01/49 | 8955 | &nbsp;&nbsp; 7940228 |
|  |  | &nbsp;&nbsp; 58316363 |
| **South Carolina — 3.5%** | **South Carolina — 3.5%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, Refunding RB, <br> Series B-1, 5.25%, 02/01/54<sup>(a)(j)</sup><br>| 10000 | &nbsp;&nbsp; 10563619 |
| **Texas — 1.3%** | **Texas — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; San Antonio Water System, Refunding RB, Series A, <br> Junior Lien, 5.25%, 05/15/48<br>| 3660 | &nbsp;&nbsp; 3847979 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Washington — 3.4%** | **Washington — 3.4%** |  |
| &nbsp;&nbsp;&nbsp; State of Washington, GO, Series 2024-A, 5.00%, <br> 08/01/48<br>| $10000 | &nbsp;&nbsp; $10355493 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 46.8%** <br>**(Cost: $141,942,077)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 46.8%** <br>**(Cost: $141,942,077)** | &nbsp;&nbsp; 141806652 |
| **Total Long-Term Investments — 160.5%** <br>**(Cost: $484,333,661)** | **Total Long-Term Investments — 160.5%** <br>**(Cost: $484,333,661)** | &nbsp;&nbsp; 486776678 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 2.0%** | **Money Market Funds — 2.0%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 3.05%<sup>(k)(l)</sup><br>| 5868472 | &nbsp;&nbsp; 5869059 |
| **Total Short-Term Securities — 2.0%** <br>**(Cost: $5,869,015)** | **Total Short-Term Securities — 2.0%** <br>**(Cost: $5,869,015)** | &nbsp;&nbsp; 5869059 |
| **Total Investments — 162.5%** <br>**(Cost: $490,202,676)** | **Total Investments — 162.5%** <br>**(Cost: $490,202,676)** | &nbsp;&nbsp; 492645737 |
| **Other Assets Less Liabilities — 1.2%** | **Other Assets Less Liabilities — 1.2%** | &nbsp;&nbsp; 3583657 |
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (31.5)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (31.5)%** | &nbsp;&nbsp; (95395946)<br>|
| **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(32.2)%** | **VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(32.2)%** | &nbsp;&nbsp; (97600000)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $303233448 |

---

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

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. 

<sup>(d)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(e)</sup> Zero-coupon bond.

<sup>(f)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(g)</sup> Non-income producing security.

<sup>(h)</sup> When-issued security.

<sup>(i)</sup> Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing. 

<sup>(j)</sup> All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire between August 1, 2029 to March 15, 2033, is $25,224,130. 

<sup>(k)</sup> Affiliate of the Trust.

<sup>(l)</sup> Annualized 7-day yield as of period end.

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Trust during the period ended April 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/24*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*04/30/25*<br>| *Shares* <br>*Held at* <br>*04/30/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares | $2733195<br> $3135864 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $5869059 | 5868472 | $223360 | $— |

---

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

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Trust has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust's financial instruments categorized in the fair value hierarchy. The breakdown of the Trust's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $344970026 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $344970026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 141806652 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 141806652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 5869059 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5869059 |
|  | &nbsp;&nbsp; $5869059 | &nbsp;&nbsp;&nbsp;&nbsp; $486776678 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $492645737 |

---

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TOB Trust Certificates | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(94754221)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(94754221)<br>|
| &nbsp;&nbsp;&nbsp; VMTP Shares at Liquidation Value | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (97600000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (97600000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(192354221)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(192354221)<br>|

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGC | Assured Guaranty Corp. |
| AGM | Assured Guaranty Municipal Corp. |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| AMBAC | AMBAC Assurance Corp. |
| ARB | Airport Revenue Bonds  |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal Income Quality Trust (BYM)** 

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| BAM | Build America Mutual Assurance Co. |
| CAB | Capital Appreciation Bonds |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| M/F | Multi-Family |
| NPFGC | National Public Finance Guarantee Corp. |
| PSF | Permanent School Fund |
| PSF-GTD | Permanent School Fund Guaranteed |
| RB | Revenue Bonds |
| S/F | Single-Family |
| SAB | Special Assessment Bonds |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Municipal Income Quality Trust

- **b. Investment Company Act file number:** 811-21178

- **c. CIK number of Registrant:** 0001181187

- **d. LEI of Registrant:** ZQ1Z8W71OQGQTC6ZJ410

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Municipal Income Quality Trust

- **c. LEI of Series:** ZQ1Z8W71OQGQTC6ZJ410

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $529853227.48

**Total Liabilities:** $226627782.06

**Net Assets:** $303225445.42

**Delayed Delivery Securities:** $33535472.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 127036.32000000 | **1-Year:** 5181.01000000 | **5-Year:** 102760.62000000 | **10-Year:** 65890.32000000 | **30-Year:** 88333.54000000

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

- **3-Month:** 9845.90000000 | **1-Year:** 0.00000000 | **5-Year:** 10652.00000000 | **10-Year:** 4325.07000000 | **30-Year:** 37594.16000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.07%                | -3.06%               | -1.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $201958.57               | $1912305.30                                |
| Month 2  | $-96806.11               | $-10741057.39                              |
| Month 3  | $-1774780.58             | $-4375630.17                               |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    469672 | PA      | $445933.11    | 0.15%             | 2041-01-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                             | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    443458 | PA      | $407774.55    | 0.13%             | 2040-03-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    391000 | PA      | $355616.37    | 0.12%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $1384578.14   | 0.46%             | 2036-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                      | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001JU7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1000426.71   | 0.33%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JTG3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   6991558 | PA      | $7199369.57   | 2.37%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1394152.55   | 0.46%             | 2058-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812U6K9<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    230000 | PA      | $221063.57    | 0.07%             | 2049-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3915000 | PA      | $4010582.85   | 1.32%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GE42<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5670000 | PA      | $5374444.22   | 1.77%             | 2046-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                                | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2465352.27   | 0.81%             | 2046-10-01      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 611                         | LAS VEGAS NV SPL IMPT DIST #611                              | CUSIP: 51778CAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $870656.58    | 0.29%             | 2050-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153HR3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1282816.90   | 0.42%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $521795.42    | 0.17%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                           | UNIV OF COLORADO CO ENTERPRISE SYS REVENUE                   | CUSIP: 91417NKR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $432233.49    | 0.14%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111D27<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2078442.19   | 0.69%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DVR0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1044787.63   | 0.34%             | 2053-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE             | CUSIP: 873816AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405028.93    | 0.13%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    970000 | PA      | $994171.11    | 0.33%             | 2055-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                     | CUSIP: 11861MBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $169659.99    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1435729.25   | 0.47%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAB3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    230000 | PA      | $234805.22    | 0.08%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority                                      | ESCAMBIA CNTY FL HLTH FACS AUTH                              | CUSIP: 296110GC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1060611.75   | 0.35%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                    | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PJ88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1510899.46   | 0.50%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MQB0<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1923846.24   | 0.63%             | 2043-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| City of Miami FL                                                                 | MIAMI FL SPL OBLG                                            | CUSIP: 593490NG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1835818.99   | 0.61%             | 2048-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Housing Finance Corp/The                                                | MESQUITE TX HSG FIN CORP MF HSG REVENUE                      | CUSIP: 590747AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2735101.88   | 0.90%             | 2044-02-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2277139.54   | 0.75%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | BLACK DESERT PUB INFRASTRUCTURE DIST UT SPL ASSMNT           | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $175179.09    | 0.06%             | 2053-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442332EE8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1574027.49   | 0.52%             | 2051-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Marshall Independent School District                                             | MARSHALL TX INDEP SCH DIST                                   | CUSIP: 572682TH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $350583.89    | 0.12%             | 2045-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SMF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    255000 | PA      | $268870.86    | 0.09%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5845000 | PA      | $3226990.13   | 1.06%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2445345.94   | 0.81%             | 2058-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275327.09    | 0.09%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371514Y2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    900000 | PA      | $901546.46    | 0.30%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Point Business & Industrial Development Authority                           | EAST PT GA BUSINESS & INDL DEV AUTHORITY REVENUE             | CUSIP: 274502AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $165375.00    | 0.05%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2635950.78   | 0.87%             | 2055-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Public Facility Corp                                   | SAN ANTONIO TX HSG TRUST PUBLIC FAC CORP MF TAX EXEMPT BDS   | CUSIP: 79626WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $537362.01    | 0.18%             | 2043-04-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Tampa-Hillsborough County Expressway Authority                                   | TAMPA-HILLSBOROUGH CNTY FL EXPRESSWAY AUTH                   | CUSIP: 875301FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1882295.58   | 0.62%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DNW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3254445.42   | 1.07%             | 2050-10-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414004MS7<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   7485000 | PA      | $7416274.60   | 2.45%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $876809.17    | 0.29%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                    | HENRICO CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE          | CUSIP: 42605QHN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1178675.02   | 0.39%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1768873 | PA      | $1684502.23   | 0.56%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845SB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9499998 | PA      | $9833027.38   | 3.24%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GL85<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    310000 | PA      | $329342.60    | 0.11%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP MF REVENUE                          | CUSIP: 60535NDQ7<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    495000 | PA      | $495991.83    | 0.16%             | 2042-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074M3P4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1755370.66   | 0.58%             | 2049-01-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp                           | DIST OF COLUMBIA TOBACCO SETTLEMENT FING CORP                | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7955000 | PA      | $8102276.01   | 2.67%             | 2040-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WHG4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2877561.75   | 0.95%             | 2045-09-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    305000 | PA      | $233780.32    | 0.08%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6617000 | PA      | $6098058.33   | 2.01%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $103759.81    | 0.03%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JPT9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5010000 | PA      | $4760985.72   | 1.57%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QWL3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   4390000 | PA      | $4386596.43   | 1.45%             | 2049-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $450178.80    | 0.15%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                            | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                 | CUSIP: 64985TES6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   7999998 | PA      | $8213305.04   | 2.71%             | 2050-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HOSP FACS REVENUE                           | CUSIP: 407272V34<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2668597.22   | 0.88%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1456563.13   | 0.48%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JNQ7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10338056.95  | 3.41%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $758733.04    | 0.25%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI | CUSIP: 42934AAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $199486.39    | 0.07%             | 2042-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX ALLOCATION          | CUSIP: 70252AAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3147685.26   | 1.04%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946954R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1228977.70   | 0.41%             | 2049-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355Q31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1131857.03   | 0.37%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bexar Management And Development Corp                                            | BEXAR MGMT & DEV CORP TX MF HSG REVENUE                      | CUSIP: 08857FAA1<br>LEI: 2549009KNEM1RHMCBG65 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2270085.39   | 0.75%             | 2044-07-01      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                             | CUSIP: 4624677X3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1270893.94   | 0.42%             | 2049-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                | CUSIP: 2322655Q7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1788928.50   | 0.59%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CCZ0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    615000 | PA      | $509121.48    | 0.17%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                    | VOLUSIA CNTY FL EDUCTNL FAC AUTH                             | CUSIP: 928836NY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $808754.28    | 0.27%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                              | CROWLEY TX INDEP SCH DIST                                    | CUSIP: 228130KH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $290204.62    | 0.10%             | 2053-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365Q0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2676307.74   | 0.88%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                             | CUSIP: 46247EBQ7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2388965.02   | 0.79%             | 2044-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PPT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    620000 | PA      | $599923.08    | 0.20%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13033WLB7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10100000 | PA      | $10615564.50  | 3.50%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                          | LOUISIANA STADIUM & EXPOSITION DIST LA                       | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1681021.89   | 0.55%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Yosemite Community College District                                              | YOSEMITE CA CMNTY CLG DIST                                   | CUSIP: 987388DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6027773.70   | 1.99%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398FD1<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2004022.26   | 0.66%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                          | WESTSIDE FL CDD SPL ASSMNT REVENUE                           | CUSIP: 96149TAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $234769.73    | 0.08%             | 2037-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                          | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 8821178Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $851175.79    | 0.28%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   7020000 | PA      | $7022112.88   | 2.32%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917S6Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4380985.25   | 1.44%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3875000 | PA      | $4074760.63   | 1.34%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   6980000 | PA      | $7612928.32   | 2.51%             | 2054-04-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $326353.96    | 0.11%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                              | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $768423.42    | 0.25%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Ridgeville City School District                                            | NORTH RIDGEVILLE OH CITY SCH DIST                            | CUSIP: 661870LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1083396.22   | 0.36%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $456010.48    | 0.15%             | 2062-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    349000 | PA      | $318899.65    | 0.11%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XX94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1200487.90   | 0.40%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                             | TOBACCO SETTLEMENT FING CORP VA                              | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1083272.74   | 0.36%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399RQ1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2317067.61   | 0.76%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442332DG4<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    810000 | PA      | $863252.90    | 0.28%             | 2043-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396FT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    395000 | PA      | $332318.16    | 0.11%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                          | WESTSIDE FL CDD SPL ASSMNT REVENUE                           | CUSIP: 96149TAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $232660.09    | 0.08%             | 2038-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364X6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2200737.55   | 0.73%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1105940.85   | 0.36%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Two Lakes Community Development District                                         | TWO LAKES CDD FL SPL ASSMNT                                  | CUSIP: 90207EAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $518976.70    | 0.17%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CEK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3471315.92   | 1.14%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1154292.80   | 0.38%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2250496.12   | 0.74%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Lauderdale FL Water & Sewer Revenue                                 | FORT LAUDERDALE FL WTR & SWR REVENUE                         | CUSIP: 347658ZY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7044999 | PA      | $7540757.20   | 2.49%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority                                      | ESCAMBIA CNTY FL HLTH FACS AUTH                              | CUSIP: 296110GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016131.36   | 0.34%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TRU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1120729.87   | 0.37%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $640526.54    | 0.21%             | 2039-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Louisville and Jefferson County Metropolitan Sewer District                      | LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS  | CUSIP: 5465892B7<br>LEI: 5493004O4I11L8BK0A22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059592.90   | 0.68%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                 | CUSIP: 574294CV4<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2729217.73   | 0.90%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KHA4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3972681 | PA      | $4082051.88   | 1.35%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJK0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    325000 | PA      | $319138.98    | 0.11%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN NONPROFIT FACS REVENUE               | CUSIP: 45129GKN4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1549341.31   | 0.51%             | 2057-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Waterbury Housing Authority                                                      | WATERBURY CT HSG AUTH MF HSG REVENUE                         | CUSIP: 941260AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $923743.05    | 0.30%             | 2042-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | CMNTY DEV ADMIN MD MF DEV REVENUE                            | CUSIP: 20364NCJ4<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1281429.58   | 0.42%             | 2044-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HM26<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    185000 | PA      | $182706.63    | 0.06%             | 2051-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CAC2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1577669.64   | 0.52%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1334927.72   | 0.44%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE             | CUSIP: 873816AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $531794.90    | 0.18%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities                     | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1761876.27   | 0.58%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1650058.11   | 0.54%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH EDUCTNL FACS REVENUE    | CUSIP: 83704MCH7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    505000 | PA      | $462367.35    | 0.15%             | 2062-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GQL9<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3847979.33   | 1.27%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                               | NEW YORK CNTYS NY TOBACCO TRUST VI                           | CUSIP: 64945JAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $548114.91    | 0.18%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE        | CUSIP: 43233KAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $487668.47    | 0.16%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042244.64   | 0.34%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GE75<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   9705000 | PA      | $10072698.16  | 3.32%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QL57<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105106.42    | 0.03%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XR2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1500609.88   | 0.49%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1338969 | PA      | $1236651.21   | 0.41%             | 2041-10-20      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QTT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2440109.25   | 0.80%             | 2050-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    555000 | PA      | $606773.64    | 0.20%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GWB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $669237.73    | 0.22%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $2617995.05   | 0.86%             | 2035-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750XW7<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    540000 | PA      | $543637.02    | 0.18%             | 2054-01-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $448126.01    | 0.15%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $814851.47    | 0.27%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4045000 | PA      | $3872716.53   | 1.28%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061ULD8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    238808 | PA      | $63403.52     | 0.02%             | 2057-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KBC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2244265.55   | 0.74%             | 2048-01-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    755000 | PA      | $784317.94    | 0.26%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount San Antonio Community College District                                     | MOUNT SAN ANTONIO CA CMNTY CLG DIST                          | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1500348.58   | 0.49%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1698799.59   | 0.56%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2664064.26   | 0.88%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QTX1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1935058.10   | 0.64%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF TAX EXEMPT MTGE BACKED BONDS | CUSIP: 25477UAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $701965.15    | 0.23%             | 2045-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Multifamily Mortgage Bonds                                                       | San Antonio Housing Trust Public Facility Corp               | CUSIP: 79626WAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $397659.13    | 0.13%             | 2043-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $476743.90    | 0.16%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396GU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $300243.96    | 0.10%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YNB1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1713376.51   | 0.57%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1464146.83   | 0.48%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority/The                                          | CAMDEN CNTY NJ IMPT AUTH SCH REVENUE                         | CUSIP: 13281PAD9<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513410.49    | 0.17%             | 2062-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Preserve at South Branch Community Development District                          | PRESERVE AT S BRANCH CDD FL SPL ASSMNT REVENUE               | CUSIP: 74082PAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $405697.75    | 0.13%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                              | CUSIP: 451295H28<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257866.12    | 0.09%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                           | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS               | CUSIP: 179093HN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $588100.10    | 0.19%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $10682201.06  | 3.52%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JAX6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1574610.39   | 0.52%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    670000 | PA      | $635885.27    | 0.21%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE        | CUSIP: 43233KAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970000 | PA      | $3593240.13   | 1.19%             | 2051-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                 | JEA FL WTR & SWR REVENUE                                     | CUSIP: 46615SFP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2054-10-01      | Fixed         | 8.49%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY MF HSG REVENUE                   | CUSIP: 708797BF1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1814509.22   | 0.60%             | 2042-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WXM3<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3809131.93   | 1.26%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas City Industrial Development Corp                                           | TEXAS CITY TX INDL DEV CORP INDL REVENUE                     | CUSIP: 882275AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $286070.59    | 0.09%             | 2045-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                       | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $599647.60    | 0.20%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4497466.51   | 1.48%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                             | CUSIP: 25476FA57<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1274652.75   | 0.42%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   6858674 | NS      | $6859360.16   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031ZN6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $911813.23    | 0.30%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH MF                              | CUSIP: 48504RAA8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    896721 | PA      | $840646.03    | 0.28%             | 2042-09-01      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637B8G8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    180000 | PA      | $179915.86    | 0.06%             | 2049-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WHD1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $987801.13    | 0.33%             | 2037-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI | CUSIP: 42934AAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $373501.17    | 0.12%             | 2043-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 6589096Q4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    270000 | PA      | $263180.33    | 0.09%             | 2049-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YCJ8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  10684998 | PA      | $9054859.96   | 2.99%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                   | CUSIP: 68608ENJ7<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2226417.88   | 0.73%             | 2043-11-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4335000 | PA      | $1389726.31   | 0.46%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414004MU2<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |  10915000 | PA      | $9792914.86   | 3.23%             | 2028-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JJE4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    265000 | PA      | $274458.22    | 0.09%             | 2054-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $269255.16    | 0.09%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005Y85<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    340000 | PA      | $317820.70    | 0.10%             | 2048-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153KF5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    815000 | PA      | $827549.95    | 0.27%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO HSG & FIN AUTH MF TAX-EXEMPT MTGE-BACKED SECURITIES | CUSIP: 19648WAD9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    315000 | PA      | $306413.68    | 0.10%             | 2044-03-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                               | CUSIP: 802170AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $166502.05    | 0.05%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PMN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $884418.22    | 0.29%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   5685000 | PA      | $6031201.09   | 1.99%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1935859.92   | 0.64%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3075407.19   | 1.01%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $10563618.90  | 3.48%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    610000 | PA      | $642255.04    | 0.21%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PDY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1205709.74   | 0.40%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HGG6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1124598.50   | 0.37%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                     | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845QA1<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   6034999 | PA      | $6101535.64   | 2.01%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736V38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3383530.60   | 1.12%             | 2062-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HY30<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $2915406.89   | 0.96%             | 2037-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442332ED0<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    475000 | PA      | $498672.96    | 0.16%             | 2049-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582R4D5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $10269308.32  | 3.39%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2063935.59   | 0.68%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GB60<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10470652.78  | 3.45%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                    | HENRICO CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE          | CUSIP: 42605QHM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4647926.71   | 1.53%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                     | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $188319.82    | 0.06%             | 2040-10-20      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RCZ4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    475000 | PA      | $462724.77    | 0.15%             | 2062-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BL33<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3119285.48   | 1.03%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QSN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $434617.40    | 0.14%             | 2043-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CFG9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    220000 | PA      | $182337.87    | 0.06%             | 2057-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AHL4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1640566.03   | 0.54%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HDR5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4340000 | PA      | $4508493.86   | 1.49%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915653.31    | 0.30%             | 2058-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WGT5<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    505000 | PA      | $512725.26    | 0.17%             | 2052-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5020000 | PA      | $5241509.33   | 1.73%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $601528.26    | 0.20%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EJ49<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   9999998 | PA      | $10355492.09  | 3.42%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TC76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $400341.45    | 0.13%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community Consolidated School District No 64 Park Ridge-Niles        | COOK CNTY IL CMNTY CONSOL SCHDIST #64 PARK RIDGE             | CUSIP: 213669LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1273156.40   | 0.42%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $509083.38    | 0.17%             | 2062-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XK7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1620929.94   | 0.53%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1033537.85   | 0.34%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                       | CUSIP: 72177MSV0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    685000 | PA      | $639773.96    | 0.21%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UFB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    340000 | PA      | $314690.48    | 0.10%             | 2040-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LHL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4066054.08   | 1.34%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH CMWLTH MTGE                         | CUSIP: 92812U6J2<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96224.49     | 0.03%             | 2044-10-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $679061.71    | 0.22%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YDR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1248030.36   | 0.41%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSY3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110581.19    | 0.04%             | 2054-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3262199.63   | 1.08%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Coppell Independent School District                                              | COPPELL TX INDEP SCH DIST                                    | CUSIP: 217489VN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10030000 | PA      | $8317419.93   | 2.74%             | 2030-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355M84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1147380.52   | 0.38%             | 2038-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GVJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8955000 | PA      | $7940228.21   | 2.62%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** BlackRock Municipal Income Quality Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer