# EDGAR Filing Document

**Accession Number:** 0000771951
**File Stem:** 0001752724-25-153757
**Filing Date:** 2025-6
**Character Count:** 392047
**Document Hash:** 2cd5f3fe108b74bb22ac2b601d114b6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153757.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153757

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST
- **CENTRAL INDEX KEY:** 0000771951

**ORGANIZATION NAME:**
- **EIN:** 046483374
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04345
- **FILM NUMBER:** 251068721

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST /MA/
- **DATE OF NAME CHANGE:** 19920902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST
- **DATE OF NAME CHANGE:** 19920101

## Series and Classes Contracts Data

### Putnam Strategic Intermediate Municipal Fund (Series ID: S000003860)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010817 | Class C Shares  |  |
| C000010819 | Class A Shares  | PPNAX           |
| C000060535 | CLASS Y         |  |
| C000202840 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Tax Free Income Trust

- **b. Investment Company Act file number:** 811-04345

- **c. CIK number of Registrant:** 0000771951

- **d. LEI of Registrant:** 54930021N9BODYLQGR89

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

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

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

- **a. Name of Series:** Putnam Strategic Intermediate Municipal Fund

- **b. EDGAR series identifier (if any):** S000003860

- **c. LEI of Series:** Y2I12W6B1UC892MB6S50

**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:** $2051520427.66

**Total Liabilities:** $54359847.79

**Net Assets:** $1997160579.87

**Delayed Delivery Securities:** $14244361.05

**Cash Not Reported:** $5368535.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6560.27000000 | **1-Year:** 62831.04000000 | **5-Year:** 248818.38000000 | **10-Year:** 780950.51000000 | **30-Year:** 269424.32000000

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

- **3-Month:** 374.64000000 | **1-Year:** 6450.05000000 | **5-Year:** 25565.42000000 | **10-Year:** 47922.47000000 | **30-Year:** 11632.12000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010817 | 0.99%                | -1.23%               | -0.51%               |
| Class ID C000202840 | 1.08%                | -1.07%               | -0.49%               |
| Class ID C000060535 | 1.07%                | -1.15%               | -0.43%               |
| Class ID C000010819 | 1.05%                | -1.17%               | -0.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-237328.67              | $15088889.14                               |
| Month 2  | $-65724.32               | $-27835151.50                              |
| Month 3  | $-6160450.54             | $-9358226.74                               |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond Total Return Index

- **Index Identifier:** BM10933

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2024-ML25, Class ACA                            | CUSIP: 3137HH6G1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4374208 | PA      | $4100933.32   | 0.21%             | 2038-11-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                   | California Community Housing Agency, Series 2021 A-1                                                     | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $204945.05    | 0.01%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority, Series 2018 A                                                | CUSIP: 592647FJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3063058.20   | 0.15%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                                | Arkansas Development Finance Authority, Series 2024                                                      | CUSIP: 04109FCL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1531763.93   | 0.08%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2016 Q                                                  | CUSIP: 57584XHY0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020915.60   | 0.10%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2024 A-1                                                      | CUSIP: 140427CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021269.70   | 0.05%             | 2039-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SA Energy Acquisition Public Facility Corp.                                           | SA Energy Acquisition Public Facility Corp., Series 2007                                                 | CUSIP: 785138AT5<br>LEI: 5493006HRL5XH4QOE746 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003437.10   | 0.05%             | 2025-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue               | New York City Transitional Finance Authority, Series 2019 A-4                                            | CUSIP: 64971XFY9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.20%             | 2045-08-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp.                                            | Monroe County Industrial Development Corp., Series 2023 A                                                | CUSIP: 610758AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5017115.00   | 0.25%             | 2044-01-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024                                                                    | CUSIP: 744396KE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $704494.77    | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                                | Detroit Downtown Development Authority, Series 2024                                                      | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |  15125000 | PA      | $15385880.54  | 0.77%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                      | Alaska Industrial Development & Export Authority, Series 2019 A                                          | CUSIP: 011903GH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4725000 | PA      | $4460395.75   | 0.22%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                               | Dayton-Montgomery County Port Authority, Series 2024                                                     | CUSIP: 23981MBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498787.30    | 0.02%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach, Series 2019 A                                                                      | CUSIP: 696547GH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $374226.98    | 0.02%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red Oak Independent School District                                                   | Red Oak Independent School District, Series 2023                                                         | CUSIP: 756843H50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2848361.31   | 0.14%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hillsborough FL Utility Revenue                                             | County of Hillsborough, Series 2016                                                                      | CUSIP: 432347MQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3115798.60   | 0.16%             | 2039-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2024                                               | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493329.30    | 0.02%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                   | CUSIP: 924166JP7<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493712.15    | 0.02%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 A                                                                         | CUSIP: 364568JY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1312947.38   | 0.07%             | 2037-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                  | Guam Government Waterworks Authority, Series 2024 A                                                      | CUSIP: 40065FDL5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    750000 | PA      | $758861.78    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                          | CUSIP: 65000BT40<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    870000 | PA      | $896133.67    | 0.04%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                    | CUSIP: 57585BDG0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1190702.53   | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2022 A                                                         | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4205781.00   | 0.21%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                | Iowa Finance Authority, Series 2023 B                                                                    | CUSIP: 46247SFC3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1244181.74   | 0.06%             | 2028-05-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                            | Lancaster Industrial Development Authority, Series 2021                                                  | CUSIP: 51434NAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $559305.54    | 0.03%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                                   | County of Washoe, Series 2016 G                                                                          | CUSIP: 940865BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996130.80    | 0.05%             | 2036-03-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2023                                                      | CUSIP: 187145RW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $279603.25    | 0.01%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                                      | CUSIP: 13063EMF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6410149.80   | 0.32%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                                | University of Illinois, Series 2023                                                                      | CUSIP: 9143537K7<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    380000 | PA      | $409801.65    | 0.02%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 B                        | CUSIP: 60636AWS8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $954261.38    | 0.05%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series 2017 A                                                                      | CUSIP: 25483VSE5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1199404.92   | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Uptown Development Authority                                                          | Uptown Development Authority, Series 2021                                                                | CUSIP: 916856HR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1397695.88   | 0.07%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                      | St. Johns County Industrial Development Authority, Series 2021 A                                         | CUSIP: 79041LAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $187075.86    | 0.01%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority, Series 2022 A                                                      | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   9335000 | PA      | $9719559.06   | 0.49%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                          | Reno-Tahoe Airport Authority, Series 2024 A                                                              | CUSIP: 759874CE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051135.20   | 0.05%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp.                                                    | Mississippi Business Finance Corp., Series 2007 B                                                        | CUSIP: 60528AAT1<br>LEI: 549300DYV074JUDKBQ77 | Long             | STIV             | MUN               | US        |    980000 | PA      | $980000.00    | 0.05%             | 2030-12-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                | City of Minneapolis, Series 2018 A                                                                       | CUSIP: 60374VEQ2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $5061118.93   | 0.25%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority, Series 2024 A                                                             | CUSIP: 66285WR57<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    625000 | PA      | $654865.31    | 0.03%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                         | CUSIP: 585488ZN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522591.35    | 0.03%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                        | Wayne County Airport Authority, Series 2015 F                                                            | CUSIP: 944514TG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1842951.54   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                         | CUSIP: 585488ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $794728.13    | 0.04%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                           | Miami-Dade County Housing Finance Authority, Series 2024                                                 | CUSIP: 593344BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1749013.53   | 0.09%             | 2041-04-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                                      | CUSIP: 13063ELM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3706974.95   | 0.19%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                      | Maricopa County Industrial Development Authority, Series 2019 A                                          | CUSIP: 56682HCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2164237.76   | 0.11%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2020 A-1                                                              | CUSIP: 59447TH89<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     34214 | PA      | $33895.20     | 0.00%             | 2030-06-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2023 E-1                                                           | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5245578.50   | 0.26%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 C                                                               | CUSIP: 682001NF5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2390232.60   | 0.12%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                             | City of Atlanta, Series 2020 B                                                                           | CUSIP: 04780MXK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3710284.90   | 0.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority                                        | Lehigh County Industrial Development Authority, Series 2021 A                                            | CUSIP: 52481MAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1490630.27   | 0.07%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023                          | CUSIP: 60637AWE8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1201375.34   | 0.06%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024-1, Class B-1                                                       | CUSIP: 74448FAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2890037.66   | 0.14%             | 2036-04-28      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| Cedar Crossings Community Development District                                        | Cedar Crossings Community Development District, Series 2025                                              | CUSIP: 15018WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $235461.98    | 0.01%             | 2032-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 B                                           | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7223781.60   | 0.36%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                  | CUSIP: 59447NAZ9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    625000 | PA      | $650611.06    | 0.03%             | 2042-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 B                                                                  | CUSIP: 74439YCQ2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    880000 | PA      | $897384.84    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                      | Park Creek Metropolitan District, Series 2024 A                                                          | CUSIP: 700385BK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546973.10   | 0.08%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                      | Alaska Industrial Development & Export Authority, Series 2019 A                                          | CUSIP: 011903GJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2290208.52   | 0.11%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                                     | South Carolina Transportation Infrastructure Bank, Series 2016 A                                         | CUSIP: 837152UL9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1558224.11   | 0.08%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                        | Vauxmont Metropolitan District, Series 2019                                                              | CUSIP: 92242SAK9<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128833.83    | 0.01%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2020 A                                                        | CUSIP: 64990FYG3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7915000 | PA      | $6711377.03   | 0.34%             | 2039-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                      | CUSIP: 556344AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1615833.80   | 0.08%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2022                                                                    | CUSIP: 12008ETH9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    375000 | PA      | $378730.05    | 0.02%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2024 D                                                                       | CUSIP: 79625GLP6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   7750000 | PA      | $8194347.03   | 0.41%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series K-1                                                     | CUSIP: 57584XAF8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1149909.96   | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2023 A                                                        | CUSIP: 01728LHC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1584109.50   | 0.08%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                    | CUSIP: 57585BHX9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1159855.51   | 0.06%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2024 SSS                                               | CUSIP: 64577XFB7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082078.90   | 0.05%             | 2039-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2023 A                                                  | CUSIP: 04052FEF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $805427.45    | 0.04%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority, Series 2015 A                                                     | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  12850000 | PA      | $12749309.97  | 0.64%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                         | State of Ohio, Series 2020                                                                               | CUSIP: 67756CEM6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    285000 | PA      | $289744.42    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2022 C                                                                       | CUSIP: 544445XY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $593908.86    | 0.03%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2025 A                                                                 | CUSIP: 45471GAY5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4264783.74   | 0.21%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                                 | CUSIP: 45505MPQ3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1416741.44   | 0.07%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2024-ML26                                       | CUSIP: 3137HH6N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22907363 | PA      | $19839453.57  | 0.99%             | 2038-12-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                                   | City of Columbia, Series 2019                                                                            | CUSIP: 197763EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2979892.50   | 0.15%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017 A                                                                | CUSIP: 45204EUX4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407931.48    | 0.02%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority, Series 2022 EE                                          | CUSIP: 64972GB29<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2838616.33   | 0.14%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Agricultural & Technical State University                              | North Carolina Agricultural & Technical State University, Series 2023                                    | CUSIP: 658187JS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $990603.76    | 0.05%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                      | CUSIP: 556344AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $445063.62    | 0.02%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                  | CUSIP: 917467BT8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    900000 | PA      | $892973.07    | 0.04%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                                   | Houston Independent School District, Series 2014 A-2                                                     | CUSIP: 442403PS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3248266.13   | 0.16%             | 2039-06-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                       | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   6830000 | PA      | $7225780.74   | 0.36%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                                | Illinois Housing Development Authority, Series 2023                                                      | CUSIP: 45203LDY6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5502005.30   | 0.28%             | 2026-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach, Series 2021 A                                                                      | CUSIP: 696547HM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1155855.72   | 0.06%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2018 D                                                    | CUSIP: 187145JQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3890000 | PA      | $3889519.59   | 0.19%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                        | CUSIP: 60636AWD1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1341911.03   | 0.07%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2022 A                                       | CUSIP: 97712D8N9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3930000 | PA      | $3831555.86   | 0.19%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2017                                                                  | CUSIP: 594479DD6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937869.90    | 0.05%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2018 B                                                                           | CUSIP: 735389F52<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1129922.31   | 0.06%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany Capital Resource Corp.                                                         | Albany Capital Resource Corp., Series 2016 A                                                             | CUSIP: 012432CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404122.36    | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                     | City of Venice, Series 2024 B-1                                                                          | CUSIP: 922687AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $545323.46    | 0.03%             | 2030-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                 | City of Farmington, Series 2010 B                                                                        | CUSIP: 311450GD6<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2740325.78   | 0.14%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Town of Providence Village TX                                                         | Town of Providence Village, Series 2025                                                                  | CUSIP: 743816AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    413000 | PA      | $397249.54    | 0.02%             | 2035-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                     | New York City Transitional Finance Authority, Series 2015 S-2                                            | CUSIP: 64972HXV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5745000 | PA      | $5745932.99   | 0.29%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2021 A                                                            | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7115532.80   | 0.36%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                        | Tennergy Corp., Series 2021 A                                                                            | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |  13175000 | PA      | $13151526.10  | 0.66%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority, Series 2023                                                              | CUSIP: 88277PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $318144.60    | 0.02%             | 2037-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $142335.41    | 0.01%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 C                                                               | CUSIP: 682001NE8<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2272977.42   | 0.11%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 C                                          | CUSIP: 734195EZ9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    525000 | PA      | $540758.03    | 0.03%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Public Facility Corp.                                       | San Antonio Housing Trust Public Facility Corp., Series 2024 A                                           | CUSIP: 79626WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7350000 | PA      | $7303488.47   | 0.37%             | 2043-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                                  | Massachusetts Housing Finance Agency, Series 216                                                         | CUSIP: 57587A3S5<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997501.30    | 0.05%             | 2050-12-01      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2024                                               | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946556.00    | 0.05%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                         | City of Atlanta, Series 2015                                                                             | CUSIP: 047870NE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13720000 | PA      | $13727415.66  | 0.69%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                              | Broward County Housing Finance Authority, Series 2023                                                    | CUSIP: 115027RB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    991733 | PA      | $1013125.61   | 0.05%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                                 | County of Franklin, Series 2014                                                                          | CUSIP: 353180JP8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700021.35    | 0.04%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentwood Economic Development Corp.                                                   | Kentwood Economic Development Corp., Series 2016                                                         | CUSIP: 491740EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985800.10    | 0.05%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                           | CUSIP: 452152M65<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    830000 | PA      | $822155.59    | 0.04%             | 2031-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                   | California School Finance Authority, Series 2016                                                         | CUSIP: 13058TLY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3224672.99   | 0.16%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                          | CUSIP: 65000BS74<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    345000 | PA      | $367339.82    | 0.02%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2023                                                        | CUSIP: 1675934B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1307412.81   | 0.07%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                                  | Pennsylvania Higher Educational Facilities Authority, Series 2017                                        | CUSIP: 70917SU76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $719234.37    | 0.04%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                       | CUSIP: 97712JLQ4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082142.80   | 0.10%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                                 | New Jersey Health Care Facilities Financing Authority, Series 2008 B                                     | CUSIP: 64579FWP4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.05%             | 2036-07-01      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                           | CUSIP: 788550MZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1388936.03   | 0.07%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                               | Energy Southeast A Cooperative District, Series 2024 B                                                   | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |  18000000 | PA      | $19107601.20  | 0.96%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 A                                          | CUSIP: 734195DD9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    800000 | PA      | $812371.76    | 0.04%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                      | CUSIP: 556344AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1525022.95   | 0.08%             | 2055-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                       | DeKalb County Housing Authority, Series 2023 A                                                           | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4459220.10   | 0.22%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024                                                      | CUSIP: 187145TM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067197.80   | 0.10%             | 2049-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                            | CUSIP: 22500PAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1518384.88   | 0.08%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                          | CUSIP: 83704HAE7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258686.68    | 0.01%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series 2020                                                                        | CUSIP: 25483VXT6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1687920.35   | 0.08%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                                  | County of Trimble, Series 2023 A                                                                         | CUSIP: 896221AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5033242.00   | 0.25%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Danbury Higher Education Authority, Inc.                                              | Danbury Higher Education Authority, Inc., Series 2020 A                                                  | CUSIP: 236035FA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $1974886.78   | 0.10%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $451417.87    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                           | CUSIP: 742400CZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $291359.79    | 0.01%             | 2035-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                                  | Massachusetts Housing Finance Agency, Series 2017 D                                                      | CUSIP: 57587AXB9<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    720000 | PA      | $694849.03    | 0.03%             | 2030-06-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2021-1, Class A                                                | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    866813 | PA      | $825078.31    | 0.04%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2023                                                        | CUSIP: 1675934C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1845996.51   | 0.09%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                      | Kentucky Public Energy Authority, Series 2024 B                                                          | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3929105.25   | 0.20%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                                       | State of Alaska, Series 2025 A                                                                           | CUSIP: 0117706K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115153.50   | 0.06%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                       | CUSIP: 70870FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $728061.97    | 0.04%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                                 | CUSIP: 51771FCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051500.50   | 0.05%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series K-3                                  | CUSIP: 20774Y5X1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    550000 | PA      | $564897.30    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade, Series 2017 B                                                                      | CUSIP: 59333PZ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10046904.00  | 0.50%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp., Series 2014 A                                      | CUSIP: 64542RAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1795843.11   | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District                                                | Sierra View Local Health Care District, Series 2020                                                      | CUSIP: 82650PDG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300936.54    | 0.02%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Public Schools                                                              | Kalamazoo Public Schools, Series 2023 I                                                                  | CUSIP: 483270LT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $906928.44    | 0.05%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2015 A                                                                       | CUSIP: 5444354J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5703087.12   | 0.29%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2020 A-1                                                                | CUSIP: 74442PPT6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1070889.71   | 0.05%             | 2035-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                           | CUSIP: 371646AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $808155.15    | 0.04%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                           | New Hampshire Health and Education Facilities Authority Act, Series 2016                                 | CUSIP: 6446147E3<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008553.40   | 0.10%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                                    | Montgomery County Housing Opportunities Commission, Series 2012 A                                        | CUSIP: 613347AZ6<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1496493.75   | 0.07%             | 2032-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024 A                                                                  | CUSIP: 74442ELS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    825000 | PA      | $838571.91    | 0.04%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2016 A                                                   | CUSIP: 837151PT0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3435442.77   | 0.17%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2019 A                                    | CUSIP: 13080SWL4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1080875.80   | 0.05%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                           | California Educational Facilities Authority, Series 2015                                                 | CUSIP: 130179YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2433767.59   | 0.12%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                 | City of Farmington, Series 2010 E                                                                        | CUSIP: 311450GF1<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4982410.50   | 0.25%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Cass County Joint Water Resource District                                             | Cass County Joint Water Resource District, Series 2024 A                                                 | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7956692.80   | 0.40%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Woodland Preserve Community Development District                                      | Woodland Preserve Community Development District, Series 2025                                            | CUSIP: 97966AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246447.68    | 0.01%             | 2032-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                    | CUSIP: 795576LP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134768.00   | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                  | CUSIP: 917467BU5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    600000 | PA      | $593426.94    | 0.03%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                         | CUSIP: 84136HAD5<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047708.40   | 0.05%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                                   | County of Washoe, Series 2016 B                                                                          | CUSIP: 940797AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2988392.40   | 0.15%             | 2036-03-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                           | George L Smith II Congress Center Authority, Series 2021 B                                               | CUSIP: 37255MAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3760862.80   | 0.19%             | 2031-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                            | Metropolitan Washington Airports Authority                                                               | CUSIP: 592643DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $555355.55    | 0.03%             | 2053-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp., Series 2017                                  | CUSIP: 87638RKB2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2367223.02   | 0.12%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collier County Industrial Development Authority                                       | Collier County Industrial Development Authority, Series 2024 A                                           | CUSIP: 194641AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $835006.56    | 0.04%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                                    | City of Whiting, Series 2019 A                                                                           | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12035000 | PA      | $12144619.59  | 0.61%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                      | North Carolina Capital Facilities Finance Agency, Series 2021 A                                          | CUSIP: 65818PNV7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267647.50   | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2022                                                                  | CUSIP: 594479HN0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    285000 | PA      | $276207.09    | 0.01%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                 | South Jersey Transportation Authority, Series 2022 A                                                     | CUSIP: 838536MJ6<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1197406.98   | 0.06%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                         | King County Housing Authority, Series 2008                                                               | CUSIP: 494762KG1<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503213.75   | 0.13%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2017                                           | CUSIP: 71781XDA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2971106.40   | 0.15%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                           | CUSIP: 452152M99<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1666962.00   | 0.08%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                    | Greater Orlando Aviation Authority, Series 2017 A                                                        | CUSIP: 392274W85<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7613791.50   | 0.38%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2024 B                                                                | CUSIP: 45204FYT6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1369583.24   | 0.07%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                   | City of Crandall, Series 2025                                                                            | CUSIP: 224384AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $406795.89    | 0.02%             | 2035-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024       | CUSIP: 54628C2Y7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1886871.38   | 0.09%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                      | Kentucky Public Energy Authority, Series 2025 A                                                          | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9452254.50   | 0.47%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                              | West Virginia Hospital Finance Authority, Series 2023 B                                                  | CUSIP: 956622W59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2140370.20   | 0.11%             | 2041-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                      | City of Corpus Christi, Series 2015 C                                                                    | CUSIP: 220245WR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3052018.80   | 0.15%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                  | CUSIP: 59447NAY2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    550000 | PA      | $575897.85    | 0.03%             | 2041-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2023                                                         | CUSIP: 51265KFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1300370.50   | 0.07%             | 2043-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                      | Folsom Ranch Financing Authority, Series 2024                                                            | CUSIP: 344414HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016400.60   | 0.05%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 B                                                                  | CUSIP: 74439YFY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $276791.82    | 0.01%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                            | CUSIP: 22500PAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1449411.12   | 0.07%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2022                                                    | CUSIP: 57584YT82<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    160000 | PA      | $159645.23    | 0.01%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2016                                          | CUSIP: 762244FL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $367237.78    | 0.02%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2021                                                                  | CUSIP: 45204FKM6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    685000 | PA      | $654622.44    | 0.03%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority, Series 2024 AA-3                                        | CUSIP: 64972GF82<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1898919.90   | 0.10%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2018 E                                                        | CUSIP: 64990AMV4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9180000 | PA      | $9307400.96   | 0.47%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                                 | CUSIP: 45505MPL4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $544876.75    | 0.03%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2021 C                                                             | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1494144.00   | 0.07%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2015 A                                                                       | CUSIP: 5444354K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8340000 | PA      | $8343720.47   | 0.42%             | 2035-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                           | CUSIP: 788550MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422415.32    | 0.02%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2024                                                     | CUSIP: 19951AAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1346687.86   | 0.07%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey                                                                  | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1528869.06   | 0.08%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 B                                                                  | CUSIP: 74439YFW6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208534.92    | 0.01%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $443189.41    | 0.02%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2024, Class F                                            | CUSIP: 64966TGX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   7085000 | PA      | $7171070.00   | 0.36%             | 2031-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2022 A-2                                                                | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6933192.00   | 0.35%             | 2046-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority, Series 2016 A-1                                          | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    750000 | PA      | $762607.28    | 0.04%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                           | CUSIP: 452152B91<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    340000 | PA      | $338087.13    | 0.02%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                        | UAB Medicine Finance Authority, Series 2016 B                                                            | CUSIP: 902562AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6083751.00   | 0.30%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                   | CUSIP: 650116GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054790.20   | 0.05%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                                | CUSIP: 830227EF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $941824.70    | 0.05%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2021 A              | CUSIP: 79766DTP4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1980854.69   | 0.10%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                   | CUSIP: 924166JM4<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1866901.88   | 0.09%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 A                                                   | CUSIP: 8371515P0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3800485.88   | 0.19%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                           | CUSIP: 371646AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092162.10   | 0.05%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 13                                         | Village Community Development District No. 13, Series 2020                                               | CUSIP: 92708HAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175000.00    | 0.01%             | 2025-05-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                                   | California State Public Works Board, Series 2014 E                                                       | CUSIP: 13068LRX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900675.45    | 0.05%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                                       | Minnesota Higher Education Facilities Authority, Series 2024 B-1                                         | CUSIP: 60416JJB7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3078320.40   | 0.15%             | 2053-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 C                                                               | CUSIP: 682001NG3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2852168.86   | 0.14%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2023 A                                                                  | CUSIP: 74439YER8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035098.00   | 0.05%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp., Series 2016 A                                | CUSIP: 87638RGV3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1983744.77   | 0.10%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2017 A                                       | CUSIP: 97712DVZ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4225000 | PA      | $3957458.64   | 0.20%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 D                                           | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5260516.00   | 0.26%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2022 A                                                   | CUSIP: 544532EC4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006378.60   | 0.10%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                                 | CUSIP: 45505MPN0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    615000 | PA      | $657345.70    | 0.03%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                      | New York State Thruway Authority, Series 2022 C                                                          | CUSIP: 650028ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4089457.20   | 0.20%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                      | Maricopa County Industrial Development Authority, Series 2024                                            | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9450000 | PA      | $9820062.00   | 0.49%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                                    | Grays Harbor County Public Hospital District No. 1, Series 2023                                          | CUSIP: 389526AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $626815.06    | 0.03%             | 2025-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2020                                                   | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507080.10    | 0.03%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                                 | CUSIP: 51771FCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1256663.16   | 0.06%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2024 A                                                   | CUSIP: 62620HJT0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    850000 | PA      | $899536.81    | 0.05%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 C                                                               | CUSIP: 682001NJ7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3879448.50   | 0.19%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority, Series 2019 B                                              | CUSIP: 48504NAU3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033379.80   | 0.05%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                                    | Plaza at Noah's Ark Community Improvement District, Series 2021                                          | CUSIP: 72813LAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.01%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2024 A                                                   | CUSIP: 62620HJW3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1297826.75   | 0.06%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                          | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    225000 | PA      | $232575.53    | 0.01%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 H                                           | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8029131.75   | 0.40%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024 A                                                    | CUSIP: 187145SS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069640.40   | 0.05%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                     | City of Venice, Series 2024 B-3                                                                          | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $842538.02    | 0.04%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2024                                                    | CUSIP: 041807JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $764325.59    | 0.04%             | 2044-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                        | Lower Colorado River Authority, Series 2023 B                                                            | CUSIP: 54811GM49<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2585155.50   | 0.13%             | 2039-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                      | James City County Economic Development Authority, Series 2024 C-2                                        | CUSIP: 47029WEJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100215.05   | 0.06%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                           | CUSIP: 452152A84<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    695000 | PA      | $687470.23    | 0.03%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2022 A-1                                       | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1431594.00   | 0.07%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                           | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    503000 | PA      | $480899.39    | 0.02%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                          | Northern Illinois University, Series 2024                                                                | CUSIP: 665238DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2340384.08   | 0.12%             | 2049-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota                    | Housing & Redevelopment Authority of The City of St. Paul Minnesota, Series 2016 A                       | CUSIP: 852297CC2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020055.30   | 0.15%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority, Series 2019 A                                              | CUSIP: 48504NAH2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5117491.50   | 0.26%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                               | Tolomato Community Development District, Series 2024                                                     | CUSIP: 889560EZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $771013.34    | 0.04%             | 2031-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2017 C                                                                         | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  11170000 | PA      | $11514471.63  | 0.58%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade, Series 2019 A                                                                      | CUSIP: 59333P4B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8025031.20   | 0.40%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                  | Chicago Midway International Airport, Series 2023 A                                                      | CUSIP: 167562SD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543814.15    | 0.03%             | 2041-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Ramsey MN                                                                     | City of Ramsey, Series 2022 A                                                                            | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4124584.26   | 0.21%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                                | Lewisville Independent School District, Series 2019                                                      | CUSIP: 52882PDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $829414.50    | 0.04%             | 2039-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 A                                                                  | CUSIP: 74439YFV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259964.00   | 0.06%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                     | State of Colorado, Series 2024 A                                                                         | CUSIP: 196711VS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1418746.84   | 0.07%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                        | CUSIP: 60636AVZ3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2172121.12   | 0.11%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                             | Maryland Health & Higher Educational Facilities Authority, Series 2021 A                                 | CUSIP: 57421CCA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $238893.25    | 0.01%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2024 Q                                                         | CUSIP: 130331AE1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2990000 | PA      | $2819579.87   | 0.14%             | 2041-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2018                                                 | CUSIP: 67756DRR9<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    865000 | PA      | $856688.82    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                       | CUSIP: 70870FAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115469.59    | 0.01%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 B-1                                 | CUSIP: 499526BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2254806.40   | 0.11%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2023                                               | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010160.70   | 0.05%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                    | CUSIP: 65821DYN5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    365000 | PA      | $370686.77    | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Romeoville IL                                                              | Village of Romeoville, Series 2015                                                                       | CUSIP: 77615NAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $859220.93    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                                    | Capital Projects Finance Authority, Series 2020 A-1                                                      | CUSIP: 140427BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563039.90   | 0.08%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                           | CUSIP: 788550MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521688.15    | 0.03%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Humboldt NV                                                                 | County of Humboldt, Series 2016 B                                                                        | CUSIP: 445199AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995731.80   | 0.10%             | 2029-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2020 A                                                 | CUSIP: 650116DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520754.25    | 0.03%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2021 A                                                   | CUSIP: 6262077G3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    330000 | PA      | $297300.10    | 0.01%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2019 C                                                             | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    820000 | PA      | $820280.93    | 0.04%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                    | CUSIP: 795576LX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8160000 | PA      | $8550953.76   | 0.43%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp.                                                  | Texas State Affordable Housing Corp., Series 2023                                                        | CUSIP: 88271FFP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2560311.69   | 0.13%             | 2044-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                                 | County of Hennepin, Series 2018 B                                                                        | CUSIP: 425507GX2<br>LEI: 254900YDNULMQREFAU43 | Long             | STIV             | MUN               | US        |   1310000 | PA      | $1310000.00   | 0.07%             | 2038-12-01      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2024 J                                                         | CUSIP: 130331AF8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4942916.50   | 0.25%             | 2042-02-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                          | CUSIP: 83704HAK3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    800000 | PA      | $828683.76    | 0.04%             | 2039-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2025 B                                         | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  13625000 | PA      | $14382528.20  | 0.72%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126305.44    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                                    | FHLMC, Multi-family VRD Certificates, Series 2019-ML48                                                   | CUSIP: 31350ACG1<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   2990000 | PA      | $2755613.90   | 0.14%             | 2036-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                                             | Royse City Independent School District, Series 2023                                                      | CUSIP: 780869XV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1527771.48   | 0.08%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024       | CUSIP: 54628C2X9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1026968.84   | 0.05%             | 2030-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                             | City of Atlanta, Series 2024 A-1                                                                         | CUSIP: 04780MU98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4137393.20   | 0.21%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2024 B                                                             | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2625641.75   | 0.13%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                          | Industrial Development Authority of the County of Pima (The), Series 2022 A                              | CUSIP: 72178AAF9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2893507.38   | 0.14%             | 2035-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2021                                                    | CUSIP: 57584YM97<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   7515000 | PA      | $6201628.25   | 0.31%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series 2025 H-1                                            | CUSIP: 64972JTF5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  17650000 | PA      | $18758231.15  | 0.94%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                | County of Frederick, Series 2017 A                                                                       | CUSIP: 355697CD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2044417.99   | 0.10%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach, Series 2019 A                                                                      | CUSIP: 696547GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1866771.60   | 0.09%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Desert Sands Unified School District                                                  | Desert Sands Unified School District, Series 2025                                                        | CUSIP: 250433WY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2214421.64   | 0.11%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2024                                                    | CUSIP: 041807JR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $748161.11    | 0.04%             | 2034-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2024                                                         | CUSIP: 51265KFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $546816.05    | 0.03%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024 A                                                    | CUSIP: 187145SR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $967189.86    | 0.05%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                            | CUSIP: 13032USF6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1639519.25   | 0.08%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                                | CUSIP: 830227EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $909279.18    | 0.05%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                                 | Duluth Economic Development Authority, Series 2021 A                                                     | CUSIP: 26444VAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $584483.38    | 0.03%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2019 A                                                    | CUSIP: 13048VKS6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002148.50   | 0.05%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                       | Chester County Industrial Development Authority, Series 2024                                             | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3645306.72   | 0.18%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poplar Bluff Regional Transportation Development District Sales Tax Revenue           | Poplar Bluff Regional Transportation Development District, Series 2023 B                                 | CUSIP: 733060AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1222110.28   | 0.06%             | 2031-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                        | CUSIP: 60636AWB5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3044433.00   | 0.15%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series 2021 B                                     | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996801.70    | 0.05%             | 2050-12-01      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                    | CUSIP: 65821DYL9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    440000 | PA      | $441875.90    | 0.02%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Industrial Development Authority                                      | Pinellas County Industrial Development Authority, Series 2019                                            | CUSIP: 72316VAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1907006.53   | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2024 A                                                  | CUSIP: 57585BBS6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994185.20    | 0.05%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 B                                                                  | CUSIP: 74439YCR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    655000 | PA      | $672368.05    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston Airport System, Series 2024 B                                                            | CUSIP: 442349HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4055976.40   | 0.20%             | 2033-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                             | Golden State Tobacco Securitization Corp., Series 2021 B-1                                               | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $1999122.23   | 0.10%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp.                                            | Harris County Industrial Development Corp., Series 2023                                                  | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2469392.50   | 0.12%             | 2050-11-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023                          | CUSIP: 60637AWF5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2276810.34   | 0.11%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2024                                                    | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014758.80   | 0.05%             | 2045-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                                    | Grays Harbor County Public Hospital District No. 1, Series 2023                                          | CUSIP: 389526AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $717778.28    | 0.04%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017 A                                                                | CUSIP: 45203KAP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472359.95    | 0.02%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2022 C                                                   | CUSIP: 544532FU3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4232395.44   | 0.21%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Agricultural & Technical State University                              | North Carolina Agricultural & Technical State University, Series 2023                                    | CUSIP: 658187JR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $471072.47    | 0.02%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2024 A                                                                 | CUSIP: 45505MPP5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052874.50   | 0.05%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                                  | Tennessee Housing Development Agency, Series 2024-3B                                                     | CUSIP: 88046KPN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5995520.40   | 0.30%             | 2055-07-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority, Inc.                                                     | San Diego Housing Authority, Inc., Series 2024 E                                                         | CUSIP: 79728FLL3<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $1931828.72   | 0.10%             | 2040-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                      | Minnesota Housing Finance Agency, Series 2017 F                                                          | CUSIP: 60416SWE6<br>LEI: 549300R89XDTQBK4GE22 | Long             | STIV             | MUN               | US        |    500000 | PA      | $500000.00    | 0.03%             | 2041-01-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2017                                           | CUSIP: 71781XGS6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1610981 | PA      | $1256565.17   | 0.06%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $854568.08    | 0.04%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2017                                           | CUSIP: 71781XGT4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   5452551 | PA      | $4252989.82   | 0.21%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2019-2, Class A                                                | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1013903 | PA      | $1001120.66   | 0.05%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                      | CUSIP: 556344AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $849838.84    | 0.04%             | 2035-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2022                                                 | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999804.80   | 0.10%             | 2052-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville/Jefferson County Metropolitan Government, Series 2023 A                                       | CUSIP: 54659LCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4863079.66   | 0.24%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2022                                       | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2160638.21   | 0.11%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                            | CUSIP: 13032USJ8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1497227.19   | 0.07%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                         | State of Ohio, Series 2020                                                                               | CUSIP: 67756CEN4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    240000 | PA      | $246019.27    | 0.01%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                        | Lower Colorado River Authority, Series 2022                                                              | CUSIP: 54811GL57<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4799625.50   | 0.24%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 B                        | CUSIP: 60636AWQ2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1014811.00   | 0.05%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                          | CUSIP: 65000BS82<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    650000 | PA      | $687872.25    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                                   | City of Santa Fe, Series 2012                                                                            | CUSIP: 802170AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $944349.36    | 0.05%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                                | CUSIP: 830227EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050857.80   | 0.05%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                             | Glendale Industrial Development Authority, Series 2016                                                   | CUSIP: 378287AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949194.90    | 0.05%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2024 A-2                                                   | CUSIP: 649870NF5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2448616.84   | 0.12%             | 2054-06-15      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2024 A-1                                                      | CUSIP: 140427CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039974.60   | 0.05%             | 2034-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023-1, Class A                                      | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5625413 | PA      | $5070619.60   | 0.25%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                | Madeira Community Development District, Series 2025                                                      | CUSIP: 556344AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $598354.67    | 0.03%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd      | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2024 A | CUSIP: 592041A23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10583613.00  | 0.53%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2022                                                    | CUSIP: 041807CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1274271.82   | 0.06%             | 2032-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                 | CSCDA Community Improvement Authority, Series 2021 A-2                                                   | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $728037.80    | 0.04%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2020                                                                    | CUSIP: 74442PZT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    475000 | PA      | $481761.58    | 0.02%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                                       | State of Alaska, Series 2025 A                                                                           | CUSIP: 0117706J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2220062.40   | 0.11%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                           | CUSIP: 788550ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $498329.06    | 0.02%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                                     | Austin Community College District, Series 2021                                                           | CUSIP: 052403HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1207920.60   | 0.06%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                      | Alaska Industrial Development & Export Authority, Series 2019 A                                          | CUSIP: 011903GL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1415235.91   | 0.07%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                    | City of Detroit, Series B-1                                                                              | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   4474431 | PA      | $3524185.35   | 0.18%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                              | Broward County Housing Finance Authority, Series 2023                                                    | CUSIP: 115027RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009458.40   | 0.10%             | 2056-09-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2020 A-1                                                      | CUSIP: 140427BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549118.40   | 0.08%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                          | Reno-Tahoe Airport Authority, Series 2024 B                                                              | CUSIP: 759874DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1135926.44   | 0.06%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2019 A-1                                                          | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2477240.37   | 0.12%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2023                                                      | CUSIP: 187145RU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $595955.92    | 0.03%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                               | Michigan Strategic Fund, Series 2019                                                                     | CUSIP: 594698RL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1902095.13   | 0.10%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2021 A                                                         | CUSIP: 34061UHY7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    185000 | PA      | $172632.47    | 0.01%             | 2031-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District                                                | Sierra View Local Health Care District, Series 2020                                                      | CUSIP: 82650PDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $656652.29    | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade, Series 2024 A                                                                      | CUSIP: 59333P7K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7462435.40   | 0.37%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100135.58    | 0.01%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2025                                          | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4766714.50   | 0.24%             | 2062-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2019 G-1-B                                               | CUSIP: 64972EJV2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    765000 | PA      | $594682.70    | 0.03%             | 2044-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Humboldt NV                                                                 | County of Humboldt, Series 2016 A                                                                        | CUSIP: 445199AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999782.00   | 0.10%             | 2029-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                           | CUSIP: 371646AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $629184.06    | 0.03%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                          | CUSIP: 83704HAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255542.18    | 0.01%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2023                                                         | CUSIP: 51265KFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2768337.54   | 0.14%             | 2033-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2017 A                                                  | CUSIP: 041806MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $376067.40    | 0.02%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2018                                      | CUSIP: 13081KAX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4550724.45   | 0.23%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2020                                                 | CUSIP: 67756DXC5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    370000 | PA      | $379840.15    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                            | CUSIP: 22500PAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1380592.43   | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                     | City & County of Denver, Series 2022 D                                                                   | CUSIP: 249182TE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3500970.90   | 0.18%             | 2036-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 A                                          | CUSIP: 734195DC1<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    825000 | PA      | $853290.24    | 0.04%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024                                                                    | CUSIP: 744396KF8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1631583.54   | 0.08%             | 2045-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                         | CUSIP: 84136HAA1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509446.45    | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023                                                 | CUSIP: 93978LGR1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1960356.03   | 0.10%             | 2063-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                         | Delaware State Economic Development Authority, Series 2016 A                                             | CUSIP: 246387RV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000326.40   | 0.05%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 2016                                                                           | CUSIP: 452152N49<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600196.62    | 0.03%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                           | CUSIP: 742400DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $538752.42    | 0.03%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                 | South Jersey Transportation Authority, Series 2022 A                                                     | CUSIP: 838536ML1<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2598315.75   | 0.13%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodcreek Community Development District                                              | Woodcreek Community Development District, Series 2025                                                    | CUSIP: 97925TAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196576.10    | 0.01%             | 2032-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                                 | CUSIP: 51771FCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1257857.57   | 0.06%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                                 | New Mexico Mortgage Finance Authority, Series 2023                                                       | CUSIP: 64719HEN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1154125.28   | 0.06%             | 2042-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                                    | Isle Wight County Industrial Development Authority, Series 2023                                          | CUSIP: 464637AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535547.10    | 0.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                   | CUSIP: 14054WBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $608793.71    | 0.03%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red Oak Independent School District                                                   | Red Oak Independent School District, Series 2023                                                         | CUSIP: 756843H68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2088917.42   | 0.10%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp., Series 2016                                          | CUSIP: 762244FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $587492.21    | 0.03%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miromar Lakes Community Development District                                          | Miromar Lakes Community Development District, Series 2025                                                | CUSIP: 604710AM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1565944.35   | 0.08%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2023 D-1                                                          | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092332.80   | 0.10%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Forsyth MT                                                                    | City of Forsyth, Series 2023                                                                             | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2214585.78   | 0.11%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                                 | CUSIP: 51771FCA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $810724.30    | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2023 A                                   | CUSIP: 49952AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1841654.84   | 0.09%             | 2043-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                                 | Utah Charter School Finance Authority, Series 2018                                                       | CUSIP: 91754TWE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $590509.42    | 0.03%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2024 D                                                                       | CUSIP: 79625GLQ4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8420820.80   | 0.42%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                 | City of Farmington, Series 2016 B                                                                        | CUSIP: 311450FW5<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1646361.60   | 0.08%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                | City of Minneapolis, Series 2018 A                                                                       | CUSIP: 60374VDY6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2473243.70   | 0.12%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2020                                                 | CUSIP: 67756DWZ5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220801.04    | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2024 E                                                                       | CUSIP: 79625GME0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5080000 | PA      | $5327730.26   | 0.27%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                      | Oneida Indian Nation of New York, Series 2024 B                                                          | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1804505.63   | 0.09%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2021 A                                                                           | CUSIP: 167486M55<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932892.90    | 0.05%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2024 B                                                                | CUSIP: 45204FYS8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042287.60   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                   | U.S. Treasury Ultra Bonds                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -375 | NC      | $760274.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dallas Area Municipal Authority                                                       | Dallas Area Municipal Authority, Series 2014                                                             | CUSIP: 235171AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299984.07    | 0.02%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-2, Class A                                         | CUSIP: 63607WAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7756394 | PA      | $7104363.93   | 0.36%             | 2039-08-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2025-1, Class A-1                                       | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9743199 | PA      | $9262124.79   | 0.46%             | 2041-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2021-1, Class A                                      | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   6517677 | PA      | $6005210.22   | 0.30%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                       | Port of Oakland, Series 2021 H                                                                           | CUSIP: 735000UY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10563.19     | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                   | CUSIP: 14054WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1177406.75   | 0.06%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                 | County of Hamilton, Series 2016                                                                          | CUSIP: 40727RBS6<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3063916.32   | 0.15%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                      | Oneida Indian Nation of New York, Series 2024 A                                                          | CUSIP: 682504AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2910344.96   | 0.15%             | 2040-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham (The)                                     | Water Works Board of the City of Birmingham (The), Series 2024                                           | CUSIP: 091097AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12904641.10  | 0.65%             | 2026-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                     | City of Horace, Series 2024 B                                                                            | CUSIP: 440365JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750521.70    | 0.04%             | 2026-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Austin-Bergstrom Landhost Enterprises, Inc.                                           | Austin-Bergstrom Landhost Enterprises, Inc., Series 2017                                                 | CUSIP: 052193AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404251.40    | 0.02%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                      | Kentucky Public Energy Authority, Series 2024 A                                                          | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5974065.43   | 0.30%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                                    | Capital Projects Finance Authority, Series 2020 A-1                                                      | CUSIP: 140427BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037834.00   | 0.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                  | Chicago Midway International Airport, Series 2023 A                                                      | CUSIP: 167562SE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081306.90   | 0.05%             | 2042-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp., Series 2016 A                                | CUSIP: 87638TFK4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   7445000 | PA      | $7489290.31   | 0.37%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2023 A                                                  | CUSIP: 04052FEG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $669646.51    | 0.03%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville/Jefferson County Metropolitan Government, Series 2005 A                                       | CUSIP: 546749AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4891222.50   | 0.24%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp., Series 2022 A, Class 1                                               | CUSIP: 649519EY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7915000 | PA      | $6063690.21   | 0.30%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                           | California State University, Series 2016 B-2                                                             | CUSIP: 13077C4K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950898.90    | 0.05%             | 2049-11-01      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2024-1, Class A                                      | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2891334 | PA      | $2661805.75   | 0.13%             | 2040-03-20      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Connerton East Community Development District                                         | Connerton East Community Development District, Series 2025                                               | CUSIP: 208185AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $823489.83    | 0.04%             | 2055-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2023 A                                                                       | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5348165.50   | 0.27%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                                  | Pennsylvania Higher Educational Facilities Authority, Series 2017                                        | CUSIP: 70917SU68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $812291.57    | 0.04%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                    | CUSIP: 65821DYP0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    755000 | PA      | $743639.97    | 0.04%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2022                                                 | CUSIP: 67756DD94<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    600000 | PA      | $623606.10    | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                              | Broward County Housing Finance Authority, Series 2024 A                                                  | CUSIP: 115027RC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1399072.50   | 0.07%             | 2057-03-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2023                                                                  | CUSIP: 917467CN0<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083381.70   | 0.05%             | 2038-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025 N-1                                                | CUSIP: 57585BEX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023106.50   | 0.25%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                                      | CUSIP: 13063ELN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10509091.00  | 0.53%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp., Series 2024                                                    | CUSIP: 041807JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1011600.05   | 0.05%             | 2039-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                                    | Southeastern Pennsylvania Transportation Authority, Series 2022                                          | CUSIP: 842039FL8<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1347992.38   | 0.07%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                                    | Isle Wight County Industrial Development Authority, Series 2023                                          | CUSIP: 464637AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $639943.08    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                    | Tobacco Settlement Financing Corp., Series 2015 B                                                        | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999955.90    | 0.05%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                              | Cleveland-Cuyahoga County Port Authority, Series 2018                                                    | CUSIP: 18610PAU2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504327.70    | 0.03%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                     | City of Venice, Series 2024 B-2                                                                          | CUSIP: 922687AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $545197.51    | 0.03%             | 2030-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Loan Council                                                        | Florida Municipal Loan Council, Series 2024                                                              | CUSIP: 34281UAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $274405.78    | 0.01%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                              | Sterling Ranch Community Authority Board, Series 2024                                                    | CUSIP: 85950TAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1241000 | PA      | $1240024.45   | 0.06%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                       | CUSIP: 97712JLS0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2577663.25   | 0.13%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2024, Class B                                            | CUSIP: 64966TGT5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510209.40    | 0.03%             | 2031-12-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2022 F-2-B                                               | CUSIP: 64972E3F4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  12750000 | PA      | $12707710.80  | 0.64%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Desert Sands Unified School District                                                  | Desert Sands Unified School District, Series 2025                                                        | CUSIP: 250433WW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1939391.52   | 0.10%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                                       | Halifax Hospital Medical Center, Series 2016                                                             | CUSIP: 405815LG4<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1379198.56   | 0.07%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2022                                                                  | CUSIP: 917467CF7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    550000 | PA      | $563359.01    | 0.03%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-3, Class A                                         | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3980171 | PA      | $3680674.91   | 0.18%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| County of Scioto OH                                                                   | County of Scioto, Series 2016                                                                            | CUSIP: 808878GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503592.35    | 0.03%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2017 A                        | CUSIP: 60637AML3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3195000 | PA      | $2953668.55   | 0.15%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                | County of Frederick, Series 2019                                                                         | CUSIP: 355612AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $840717.23    | 0.04%             | 2029-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                                            | Passaic County Improvement Authority (The), Series 2023                                                  | CUSIP: 70275QAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $572118.18    | 0.03%             | 2033-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2022 A                                                                  | CUSIP: 12008ESW7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    190000 | PA      | $187756.10    | 0.01%             | 2027-07-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                            | Salt Verde Financial Corp., Series 2007-1                                                                | CUSIP: 79575EAQ1<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062255.80   | 0.05%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                    | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $977788.26    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2023                                                      | CUSIP: 187145RZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1549894.83   | 0.08%             | 2043-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Romeoville IL                                                              | Village of Romeoville, Series 2015                                                                       | CUSIP: 77615NAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500078.85    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gaithersburg MD                                                               | City of Gaithersburg, Series 2018 A                                                                      | CUSIP: 363128CU1<br>LEI: 549300UFHDHDCHDE0F65 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301607.19    | 0.02%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2020 A                                                        | CUSIP: 64990GYC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8567941.00   | 0.43%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                         | CUSIP: 84136HAB9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    410000 | PA      | $422217.63    | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                       | Kentucky Economic Development Finance Authority, Series 2015 A                                           | CUSIP: 49126PEW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2083402.26   | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2021                                                      | CUSIP: 187145MH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1260195.46   | 0.06%             | 2039-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                        | Lee County Industrial Development Authority, Series 2024 B-1                                             | CUSIP: 52349EER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300373.36   | 0.07%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The), Series 2019 B                                            | CUSIP: 592190NY4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043031.20   | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2022 D-1                                                          | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999627.10    | 0.05%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                               | Energy Southeast A Cooperative District, Series 2023 B-1                                                 | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5437093.00   | 0.27%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2023 A                                                        | CUSIP: 01728LHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067480.50   | 0.05%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                           | Development Authority of Burke County (The), Series 2013 A                                               | CUSIP: 121342NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5951683.20   | 0.30%             | 2040-01-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority, Series 2019 A-2                                                    | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  31100000 | PA      | $30865947.62  | 1.55%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                          | Reno-Tahoe Airport Authority, Series 2024 A                                                              | CUSIP: 759874CD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058700.80   | 0.05%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                    | City of Detroit, Series 2023 B                                                                           | CUSIP: 2510936D7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    620000 | PA      | $631366.46    | 0.03%             | 2028-05-01      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                           | CUSIP: 788550MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217752.65    | 0.01%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                            | CUSIP: 13032USC3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1466496.24   | 0.07%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                                | University of Kentucky, Series 2024                                                                      | CUSIP: 914383AS3<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1563539.09   | 0.08%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 B                                                   | CUSIP: 8371516P9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005288.30   | 0.05%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville/Jefferson County Metropolitan Government, Series 2016 A                                       | CUSIP: 54659LBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2790362.85   | 0.14%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                          | CUSIP: 65000BS90<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050818.50   | 0.05%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston, Series 2020 A                                                                           | CUSIP: 442349DW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1462405.35   | 0.07%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                                   | City of Gulfport, Series 2025                                                                            | CUSIP: 402682DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1187899.63   | 0.06%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                           | CUSIP: 788550MW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $219288.13    | 0.01%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fox Branch Ranch Community Development District                                       | Fox Branch Ranch Community Development District, Series 2025                                             | CUSIP: 351322AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $171042.25    | 0.01%             | 2035-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 B                                                   | CUSIP: 8371516L8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520194.35   | 0.08%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2015 B                        | CUSIP: 60637AJU7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2028688.34   | 0.10%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                    | Matching Fund Special Purpose Securitization Corp., Series 2022 A                                        | CUSIP: 57665NAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    515000 | PA      | $526284.42    | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                                   | State of Washington, Series 2021 C                                                                       | CUSIP: 93974ELU8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3860000 | PA      | $4057668.67   | 0.20%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                          | Orlando Utilities Commission, Series 2024 A                                                              | CUSIP: 686507LY8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1524680.35   | 0.08%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                    | City of Detroit, Series 2020                                                                             | CUSIP: 2510934G2<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    660000 | PA      | $705901.28    | 0.04%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                              | Metropolitan Pier & Exposition Authority, Series 2017 B                                                  | CUSIP: 592250CU6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307462.38    | 0.02%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                                   | State of Washington, Series 2024 A                                                                       | CUSIP: 93974EH82<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5070000 | PA      | $5324396.38   | 0.27%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series K-1                                                     | CUSIP: 57584XAE1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    950000 | PA      | $950492.39    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2016 A                                                    | CUSIP: 13048TF81<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1045492.55   | 0.05%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                                   | Port of Portland, Series 24 B                                                                            | CUSIP: 735240M34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025479.60   | 0.10%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series 2016 A-2                             | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1033181.31   | 0.05%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $480699.54    | 0.02%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                              | U.S. Treasury Bills                                                                                      | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    300000 | PA      | $294764.51    | 0.01%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2023 A-4                                                                        | CUSIP: 64966QH37<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.08%             | 2049-09-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District/CA                                             | Sierra View Local Health Care District, Series 2020                                                      | CUSIP: 82650PDF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $289846.79    | 0.01%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                         | CUSIP: 585488ZM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $788970.90    | 0.04%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2016 C                                                                | CUSIP: 45204EFA1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1119394.65   | 0.06%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                              | U.S. Treasury Bills                                                                                      | CUSIP: 912797PJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    600000 | PA      | $598660.50    | 0.03%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District                                                       | Manteca Unified School District, Series 2020 A                                                           | CUSIP: 564538GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $804938.80    | 0.04%             | 2041-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                   | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4143058.40   | 0.21%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 A                                                                  | CUSIP: 74439YBX8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1476313.64   | 0.07%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey, Series 197th                                                    | CUSIP: 73358WC93<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5037382.00   | 0.25%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $640570.00    | 0.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Public Schools                                                              | Kalamazoo Public Schools, Series 2023 I                                                                  | CUSIP: 483270LW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $834345.90    | 0.04%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No. 1                                          | Skagit County Public Hospital District No. 1, Series 2024                                                | CUSIP: 830227EJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $808861.30    | 0.04%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                  | CUSIP: 59447NBC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    750000 | PA      | $791497.80    | 0.04%             | 2049-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2024 SSS                                               | CUSIP: 64577XFA9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1718590.93   | 0.09%             | 2038-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority                                                                | CUSIP: 51771FAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9660000 | PA      | $9756445.44   | 0.49%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                          | CUSIP: 83704HAB3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256840.33    | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2024 C                                          | CUSIP: 734195EY2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    400000 | PA      | $416765.32    | 0.02%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                  | City of Princeton, Series 2025                                                                           | CUSIP: 742400DB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $882028.29    | 0.04%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                       | Chester County Industrial Development Authority, Series 2013 A                                           | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $683232.30    | 0.03%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority, Series 2022 A                                                | CUSIP: 592647LB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $966793.83    | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Development Authority                                              | Los Angeles County Development Authority, Series 2022 F                                                  | CUSIP: 54467WAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3235572.28   | 0.16%             | 2046-01-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                   | CUSIP: 650116GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117964.80   | 0.11%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                      | Parish of St. John the Baptist, Series 2017 A-3                                                          | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1962748.80   | 0.10%             | 2037-06-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2016 B                                                   | CUSIP: 837151RQ4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500479.15    | 0.03%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                 | Capital Projects Finance Authority, Series 2024 A-1                                                      | CUSIP: 140427CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1225533.37   | 0.06%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024 A                                                    | CUSIP: 187145SQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078311.30   | 0.05%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                                | City of San Antonio, Series 2024                                                                         | CUSIP: 79623PRJ6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4237809.20   | 0.21%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority, Series 2023                                                              | CUSIP: 88277PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524408.50    | 0.03%             | 2039-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Desert Sands Unified School District                                                  | Desert Sands Unified School District, Series 2025                                                        | CUSIP: 250433WX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $2070684.66   | 0.10%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                         | Palm Beach County Health Facilities Authority, Series 2016                                               | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026970.20   | 0.10%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024 A                                           | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7569787.68   | 0.38%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024 A                                        | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5329711.50   | 0.27%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                                   | Melissa Independent School District, Series 2024                                                         | CUSIP: 585488ZK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534304.50    | 0.03%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2020 A                                               | CUSIP: 928104MP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $612472.98    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2022                                                                  | CUSIP: 594479HM2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     95000 | PA      | $94068.51     | 0.00%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2022-ML14, Class A                              | CUSIP: 3137H9MF3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4914337 | PA      | $4690214.08   | 0.23%             | 2038-11-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp.                                                         | Houston Housing Finance Corp., Series 2023                                                               | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3048600.00   | 0.15%             | 2041-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                            | CUSIP: 13032USE9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1617973.35   | 0.08%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2021                                                   | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $103201.73    | 0.01%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 C                                                               | CUSIP: 682001ND0<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1873261.95   | 0.09%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2023 A                                                                  | CUSIP: 12008EUL8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    665000 | PA      | $686681.86    | 0.03%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority, Series 2015 B                                                     | CUSIP: 452252LE7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10022356.00  | 0.50%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                    | Matching Fund Special Purpose Securitization Corp., Series 2022 A                                        | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1000000 | PA      | $1031704.10   | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                            | Salt Verde Financial Corp., Series 2007-1                                                                | CUSIP: 79575EAL2<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5036686.00   | 0.25%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 A                                                                  | CUSIP: 74439YFT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511971.10    | 0.03%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144042.02    | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2023 A                                                        | CUSIP: 01728LHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061244.20   | 0.05%             | 2042-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fort Bend Grand Parkway Toll Road Authority                                           | Fort Bend Grand Parkway Toll Road Authority, Series 2021                                                 | CUSIP: 346832BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1059518.90   | 0.05%             | 2039-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                | City of Minneapolis, Series 2018 A                                                                       | CUSIP: 60374VEB5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1066454.24   | 0.05%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                      | St. Johns County Industrial Development Authority, Series 2021 A                                         | CUSIP: 79041LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $204800.49    | 0.01%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                  | CUSIP: 59447NBA3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    800000 | PA      | $830893.52    | 0.04%             | 2043-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL                                                                | County of Jefferson, Series 2017                                                                         | CUSIP: 472628RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1089541.42   | 0.05%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2025 A                                                                       | CUSIP: 5444452V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20380000 | PA      | $21875325.44  | 1.10%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority, Series 2024 A                                                             | CUSIP: 66285WR65<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2657291.00   | 0.13%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                                 | Connecticut Housing Finance Authority, Series 2016 A-1                                                   | CUSIP: 20775CDB7<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2100152.03   | 0.11%             | 2030-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                           | CUSIP: 788550MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $345641.17    | 0.02%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2023 A                                                  | CUSIP: 04052FEE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $467380.85    | 0.02%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                      | JEA Water & Sewer System, Series 2025 A                                                                  | CUSIP: 46615SGF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7768240.98   | 0.39%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2021 A              | CUSIP: 79766DTM1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5186099.24   | 0.26%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                             | Mendocino-Lake Community College District, Series 2011 B                                                 | CUSIP: 58661PCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $3053563.24   | 0.15%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Development Authority                                              | Los Angeles County Development Authority, Series 2023 C                                                  | CUSIP: 54467WAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502868.25   | 0.13%             | 2046-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                                | University of Illinois, Series 2023                                                                      | CUSIP: 9143537M3<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1777615.48   | 0.09%             | 2041-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles, Series 2022 C                                                                       | CUSIP: 544445XU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597638.60   | 0.08%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2023 B                                                                | CUSIP: 45203NBT5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5245000 | PA      | $5456811.46   | 0.27%             | 2057-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                    | CUSIP: 795576LR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120813.20   | 0.11%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                     | State of Colorado, Series 2024 A                                                                         | CUSIP: 196711VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1158723.83   | 0.06%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1134599.29   | 0.06%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017 A                                                                | CUSIP: 45203KAQ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    460000 | PA      | $428139.34    | 0.02%             | 2050-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2019 A                                                 | CUSIP: 645780FL6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3045907.55   | 0.15%             | 2039-10-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| Southeast Overtown Park West Community Redevelopment Agency                           | Southeast Overtown Park West Community Redevelopment Agency, Series 2014 A-1                             | CUSIP: 841466AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205222.32    | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 B                           | CUSIP: 788550MY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232269.77    | 0.01%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-1, Class A                                         | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3289479.61   | 0.16%             | 2040-10-20      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Connerton East Community Development District                                         | Connerton East Community Development District, Series 2025                                               | CUSIP: 208185AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196604.46    | 0.01%             | 2035-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                      | Folsom Ranch Financing Authority, Series 2024                                                            | CUSIP: 344414HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031728.30   | 0.05%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority, Series 2024                                                     | CUSIP: 19951AAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3417198.93   | 0.17%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2019-2, Class A                                         | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5254427 | PA      | $4927582.26   | 0.25%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                   | CUSIP: 924166JN2<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    900000 | PA      | $892765.17    | 0.04%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2024 D                                                               | CUSIP: 682001NP3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5311628.00   | 0.27%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2021 A                                                             | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9995711.00   | 0.50%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                           | Miami-Dade County Housing Finance Authority, Series 2023                                                 | CUSIP: 593344BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3009847.20   | 0.15%             | 2027-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2019                                                                  | CUSIP: 917467BB7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024995.50   | 0.05%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2019 A                                                  | CUSIP: 04052FAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032738.80   | 0.05%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Industrial Authority                                                            | Tulsa Industrial Authority, Series 2017                                                                  | CUSIP: 899676MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999529.20    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                          | Orlando Utilities Commission, Series 2024 A                                                              | CUSIP: 686507LZ5<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2626720.25   | 0.13%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                                | Illinois Housing Development Authority, Series 2017 A                                                    | CUSIP: 45201YN29<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |  11529269 | PA      | $10126459.20  | 0.51%             | 2047-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2020 A                                               | CUSIP: 928104MM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $326152.96    | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority, Series 2018                                         | CUSIP: 97712DU20<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   7890000 | PA      | $7877198.48   | 0.39%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                             | Michigan State University, Series 2019 B                                                                 | CUSIP: 594712VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3046976.10   | 0.15%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                               | Tobacco Securitization Authority of Southern California, Series 2019 B-1, Class 2                        | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7065000 | PA      | $6811656.87   | 0.34%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                                     | Texas Municipal Gas Acquisition & Supply Corp. IV, Series 2023 B                                         | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8593814.40   | 0.43%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2023 A                                                                  | CUSIP: 74439YES6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026237.80   | 0.05%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                              | West Virginia Hospital Finance Authority, Series 2023 B                                                  | CUSIP: 956622W75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3184755.60   | 0.16%             | 2043-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                      | JEA Water & Sewer System, Series 2025 A                                                                  | CUSIP: 46615SGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9526887.00   | 0.48%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress Bluff Community Development District                                          | Cypress Bluff Community Development District, Series 2025                                                | CUSIP: 23267AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970509.80    | 0.05%             | 2045-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                              | Cleveland-Cuyahoga County Port Authority, Series 2014                                                    | CUSIP: 186103JD0<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2963734.20   | 0.15%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2021                                                                  | CUSIP: 45204FKN4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1001178.80   | 0.05%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML05, Class A-US                           | CUSIP: 30309HAC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8319552 | PA      | $7851782.61   | 0.39%             | 2036-01-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Poplar Bluff Regional Transportation Development District Sales Tax Revenue           | Poplar Bluff Regional Transportation Development District, Series 2023 B                                 | CUSIP: 733060AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2130952.76   | 0.11%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2024                                               | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485392.10    | 0.02%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                       | CUSIP: 70870FAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $540291.71    | 0.03%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                       | Indianapolis Local Public Improvement Bond Bank, Series 2019 A                                           | CUSIP: 45528UZH7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1194978.64   | 0.06%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2025-1, Class A-2                                       | CUSIP: 63607WBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3245466 | PA      | $2977671.65   | 0.15%             | 2041-01-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023 A                                               | CUSIP: 939783Q58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1631002.24   | 0.08%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2023-2, Class A                                         | CUSIP: 63607WAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4997467 | PA      | $4670155.98   | 0.23%             | 2038-01-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2021                                                                  | CUSIP: 45204FKP9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    445000 | PA      | $415652.38    | 0.02%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico, Series 2022 A-1                                                             | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1683000 | PA      | $1716529.40   | 0.09%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                             | Harris County Cultural Education Facilities Finance Corp., Series 2013 A                                 | CUSIP: 414009FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $447940.75    | 0.02%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020                                       | CUSIP: 70870FAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165466.47    | 0.01%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 818                             | City of Las Vegas, Series 2024                                                                           | CUSIP: 51779DAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $901420.04    | 0.05%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico, Series 2022 A-1                                                             | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1697651 | PA      | $1700502.54   | 0.09%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rural Water Financing Agency                                                          | Rural Water Financing Agency, Series 2023 A                                                              | CUSIP: 781741AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001087.50   | 0.15%             | 2025-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2020                                                                  | CUSIP: 45203EAG4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2212249.50   | 0.11%             | 2040-05-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                                  | City of Rochester, Series 2008 B                                                                         | CUSIP: 771902FC2<br>LEI: 549300006EX3INSHXA95 | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.08%             | 2038-11-15      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                                    | City of Seattle, Series 2021 B                                                                           | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $740839.43    | 0.04%             | 2045-05-01      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Princeton Independent School District                                                 | Princeton Independent School District, Series 2023                                                       | CUSIP: 742395XS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067606.30   | 0.05%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2023 C                                                             | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091988.00   | 0.10%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                                             | Royse City Independent School District, Series 2023                                                      | CUSIP: 780869XU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060105.40   | 0.05%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Putnam Funds Trust                                                                    | Putnam Short Term Investment Fund, Class P                                                               | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |  14040552 | NS      | $14040552.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra View Local Health Care District/CA                                             | Sierra View Local Health Care District, Series 2020                                                      | CUSIP: 82650PDH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $643281.75    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                      | Delaware State Housing Authority, Series 2023                                                            | CUSIP: 24639AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7285000 | PA      | $7464689.62   | 0.37%             | 2041-01-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Harbor Point Infrastructure Improvement District                                      | Harbor Point Infrastructure Improvement District, Series 2017                                            | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004946.40   | 0.20%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                               | Puerto Rico Sales Tax Financing Corp., Series A-1                                                        | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  10000000 | PA      | $7037490.00   | 0.35%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series 2017 A                                                                      | CUSIP: 25483VTE4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1237279.38   | 0.06%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                                | University of Kentucky, Series 2024                                                                      | CUSIP: 914383AT1<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1951701.90   | 0.10%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                                   | Maryland Economic Development Corp., Series 2020                                                         | CUSIP: 57422FAD8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1282743.14   | 0.06%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                                             | Royse City Independent School District, Series 2023                                                      | CUSIP: 780869XW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048135.40   | 0.05%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2017 A                                                                | CUSIP: 917467AG7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1403384.38   | 0.07%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series F                                    | CUSIP: 20774YW45<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1248044.25   | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                                   | Port of Portland, Series 25 B                                                                            | CUSIP: 735240Q63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1373154.39   | 0.07%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205689.92    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                   | CUSIP: 650116GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $919169.39    | 0.05%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                      | Regional Transportation District, Series 2020 A                                                          | CUSIP: 759151BT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $729996.32    | 0.04%             | 2037-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                           | CUSIP: 371646AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082788.40   | 0.05%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2021 A                        | CUSIP: 60637ATN2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  12510000 | PA      | $11141661.20  | 0.56%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                        | CUSIP: 60636AWC3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    615000 | PA      | $490766.25    | 0.02%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                           | Development Authority of Burke County (The), Series 2012-1                                               | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4233932.03   | 0.21%             | 2049-12-01      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                                    | Plaza at Noah's Ark Community Improvement District, Series 2021                                          | CUSIP: 72813LAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $271091.73    | 0.01%             | 2026-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                                             | Camden County Improvement Authority (The), Series 2024                                                   | CUSIP: 13281RAF0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4049831.20   | 0.20%             | 2027-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                  | CUSIP: 917467BR2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493434.35    | 0.02%             | 2026-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2025 C-1                                                                        | CUSIP: 64966SHE9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1569148.32   | 0.08%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2018                                                      | CUSIP: 13049YCR0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5690000 | PA      | $5856939.48   | 0.29%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2024, Class E                                            | CUSIP: 64966TGW8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1766877.18   | 0.09%             | 2031-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey, Series 236th                                                    | CUSIP: 73358XGY2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049239.70   | 0.05%             | 2037-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                | Ohio Air Quality Development Authority, Series 2022 A                                                    | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   6955000 | PA      | $6993303.27   | 0.35%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 A                                                                         | CUSIP: 364568JZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1728360.98   | 0.09%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission, Series 2018                                                 | CUSIP: 67756DRS7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1520685.99   | 0.08%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                              | U.S. Treasury Bills                                                                                      | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    900000 | PA      | $898526.50    | 0.04%             | 2025-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue             | Wisconsin Housing & Economic Development Authority, Series 2017 A                                        | CUSIP: 97689SAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4639696 | PA      | $3997445.31   | 0.20%             | 2047-07-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $565105.70    | 0.03%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Balch Springs TX                                                              | City of Balch Springs, Series 2025                                                                       | CUSIP: 05766QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $696934.39    | 0.03%             | 2054-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2023                                                                  | CUSIP: 917467CM2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1388760.75   | 0.07%             | 2035-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                                | City of San Antonio, Series 2024                                                                         | CUSIP: 79623PRL1<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3673580.40   | 0.18%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The), Series 2022 B                                            | CUSIP: 592190QS4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    875000 | PA      | $951312.69    | 0.05%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2012                          | CUSIP: 60637AWD0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1437219.17   | 0.07%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                      | James City County Economic Development Authority, Series 2024 C-1                                        | CUSIP: 47029WEH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $640119.04    | 0.03%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fort Bend Grand Parkway Toll Road Authority                                           | Fort Bend Grand Parkway Toll Road Authority, Series 2021                                                 | CUSIP: 346832BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1039777.51   | 0.05%             | 2038-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                     | FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML06, Class A-US                           | CUSIP: 30312CAF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12872064 | PA      | $11313210.42  | 0.57%             | 2037-06-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                    | CUSIP: 57585BHV3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $802953.75    | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Double Branch Community Development District                                          | Double Branch Community Development District, Series 2013 A-1                                            | CUSIP: 25856MAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $354535.63    | 0.02%             | 2034-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                    | Tennessee Energy Acquisition Corp., Series 2021 A                                                        | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  12865000 | PA      | $13417326.61  | 0.67%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024-1, Class A                                         | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2963607 | PA      | $2824870.25   | 0.14%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| South Broward Hospital District                                                       | South Broward Hospital District, Series 2016                                                             | CUSIP: 836753LY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1089215.69   | 0.05%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2016 C                                                     | CUSIP: 64987BNR5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1309100.55   | 0.07%             | 2036-11-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2024 A                                                      | CUSIP: 1675934Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117176.00   | 0.11%             | 2044-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                                       | Minnesota Higher Education Facilities Authority, Series 2016 A                                           | CUSIP: 60416H2R4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $513816.30    | 0.03%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                                  | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2024 B                                     | CUSIP: 603827P75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8954959.95   | 0.45%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                            | Chicago Board of Education, Series 2021 A                                                                | CUSIP: 167505XQ4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997602.90    | 0.05%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission, Series 2021 C                                                    | CUSIP: 65821DYM7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    460000 | PA      | $464712.79    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2014 A                                                     | CUSIP: 64987JY62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970334.50    | 0.05%             | 2042-05-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                | Iowa Finance Authority, Series 2021 A                                                                    | CUSIP: 46247SBM5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $993321.01    | 0.05%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                               | Vermont Educational & Health Buildings Financing Agency, Series 2016 A                                   | CUSIP: 924166JL6<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    760000 | PA      | $758605.40    | 0.04%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                  | Chicago Midway International Airport, Series 2023 A                                                      | CUSIP: 167562SF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1345081.25   | 0.07%             | 2043-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2025 A                                                             | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3168736.50   | 0.16%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                                   | CUSIP: 650116GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1825575.15   | 0.09%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority, Series 2019 A                                                | CUSIP: 592647GC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045625.40   | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2025 A                                                                   | CUSIP: 14054WBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $754422.56    | 0.04%             | 2040-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                                    | Grays Harbor County Public Hospital District No. 1, Series 2023                                          | CUSIP: 389526AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6420000 | PA      | $7069251.39   | 0.35%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp.                                                  | Texas State Affordable Housing Corp., Series 2023                                                        | CUSIP: 88271FFQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2110956.75   | 0.11%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series 2020 A-1                                   | CUSIP: 13034AW22<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    930000 | PA      | $877547.54    | 0.04%             | 2035-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Texas Community Housing & Economic Development Corp.                                  | Texas Community Housing & Economic Development Corp., Series 2025 A-1                                    | CUSIP: 88231CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3926126.20   | 0.20%             | 2065-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2020 A                                         | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    935000 | PA      | $933906.05    | 0.05%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Caney Independent School District                                                 | New Caney Independent School District, Series 2023                                                       | CUSIP: 643154KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $23674309.40  | 1.19%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2024 D                                                                          | CUSIP: 64966SCM6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  16325000 | PA      | $17286508.22  | 0.87%             | 2047-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2023 C-1                                                   | CUSIP: 64987JG62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989996.20    | 0.05%             | 2043-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                  | Guam Government Waterworks Authority, Series 2024 A                                                      | CUSIP: 40065FDK7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    700000 | PA      | $701101.45    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                  | MIDA Mountain Village Public Infrastructure District, Series 2024-2                                      | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987332.10    | 0.05%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2024 D                                                                          | CUSIP: 64966SCN4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  17025000 | PA      | $18413276.39  | 0.92%             | 2048-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                         | Florida Housing Finance Corp., Series 2023 B                                                             | CUSIP: 34074HGZ9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021697.00   | 0.10%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey, Series 236th                                                    | CUSIP: 73358XGX4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053413.90   | 0.05%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 B                                                   | CUSIP: 8371516Q7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3517843.00   | 0.18%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2024 SSS                                               | CUSIP: 64577XEZ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1154612.10   | 0.06%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2021 A                                                        | CUSIP: 01728LEY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2435824.87   | 0.12%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                      | JEA Water & Sewer System, Series 2025 A                                                                  | CUSIP: 46615SGE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3498523.25   | 0.18%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2025 B                                                   | CUSIP: 8371516N4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005618.30   | 0.05%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 B                                                                         | CUSIP: 364568KZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $418996.76    | 0.02%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2023 C              | CUSIP: 79766DVT3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   8850000 | PA      | $9540042.47   | 0.48%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority, Series 2020 A                                              | CUSIP: 48504NBV0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1619480.32   | 0.08%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority, Series 2023                                                              | CUSIP: 88277PAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316752.45    | 0.02%             | 2038-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2021 A                                                        | CUSIP: 01728LEZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8155000 | PA      | $8496157.90   | 0.43%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                                    | County of Clark, Series 2017                                                                             | CUSIP: 181008BE2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2244404.93   | 0.11%             | 2036-01-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2022 B-1                                       | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  14550000 | PA      | $14949337.85  | 0.75%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2019                                                                  | CUSIP: 917467BD3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1350280.10   | 0.07%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2015                                       | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16800000 | PA      | $16894612.56  | 0.85%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                                    | Capital Projects Finance Authority, Series 2020 A-1                                                      | CUSIP: 140427BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511630.55    | 0.03%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                              | Broward County Housing Finance Authority, Series 2023                                                    | CUSIP: 115027QZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3996691.20   | 0.20%             | 2041-04-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                           | Miami-Dade County Housing Finance Authority, Series 2023                                                 | CUSIP: 593344BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4017660.80   | 0.20%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024                                                          | CUSIP: 65000BT32<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    685000 | PA      | $708868.76    | 0.04%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority, Series 2019                                                      | CUSIP: 13049YDQ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    915000 | PA      | $949160.34    | 0.05%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2022 A                                                                  | CUSIP: 12008ETC0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $459596.80    | 0.02%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024 A                                        | CUSIP: 837032BZ3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10211090.20  | 0.51%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Keizer OR                                                                     | City of Keizer, Series 2008                                                                              | CUSIP: 487595AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160916.80    | 0.01%             | 2031-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2023 A                                                                           | CUSIP: 167486N96<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3100659.90   | 0.16%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                                     | Grand Parkway Transportation Corp                                                                        | CUSIP: 38611TBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12111541.20  | 0.61%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority, Series 2024 A                                                             | CUSIP: 66285WR73<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3261977.50   | 0.16%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                           | Development Authority of Burke County (The), Series 2013-1                                               | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2481544.75   | 0.12%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2021                                                                    | CUSIP: 74443DGZ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1678182.40   | 0.08%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2022                                       | CUSIP: 70868YAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1745690.60   | 0.09%             | 2036-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                            | CUSIP: 13032USA7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1332591.39   | 0.07%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153345.38    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority, Series 2023 A                                                 | CUSIP: 51771FCB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1643990.45   | 0.08%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Genesee MI Water Supply System Revenue                                      | County of Genesee, Series 2024                                                                           | CUSIP: 371646AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $857265.12    | 0.04%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                                    | Isle Wight County Industrial Development Authority, Series 2023                                          | CUSIP: 464637AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2960846.08   | 0.15%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                  | CUSIP: 917467CB6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    400000 | PA      | $374657.92    | 0.02%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                               | Knox County Health Educational & Housing Facility Board, Series 2024 A-1                                 | CUSIP: 499526AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $472680.36    | 0.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                 | New York State Housing Finance Agency, Series 2024 A-2                                                   | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3957690.40   | 0.20%             | 2054-06-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| St Paul Port Authority                                                                | St. Paul Port Authority, Series 2023-4                                                                   | CUSIP: 79308GAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002876.40   | 0.05%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                          | City & County of Honolulu, Series 2023                                                                   | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5084793.50   | 0.25%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 A                                                                  | CUSIP: 74442EEG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1436879.34   | 0.07%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                                   | County of Denton, Series 2025                                                                            | CUSIP: 24880GAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1556763.94   | 0.08%             | 2045-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series 2024 DD                                                        | CUSIP: 13034DAT1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $5958283.08   | 0.30%             | 2037-11-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                                 | Chicago Park District, Series 2024 A                                                                     | CUSIP: 1676154K6<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519665.45   | 0.08%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Series 2023 A                                                                    | CUSIP: 795576LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $779581.50    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2017 A                                                                | CUSIP: 917467AF9<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2207577.76   | 0.11%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                             | Glendale Industrial Development Authority, Series 2016                                                   | CUSIP: 378287AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966353.90    | 0.05%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                                  | CUSIP: 59447NAX4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527970.00    | 0.03%             | 2040-02-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2015 C                                                                | CUSIP: 59447TFG3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998500.90    | 0.05%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179516.52    | 0.01%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2024 A                                                   | CUSIP: 62620HJV5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1096163.57   | 0.05%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority, Series 2023 A                                            | CUSIP: 64613CCU0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1953540.40   | 0.10%             | 2040-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Austin-Bergstrom Landhost Enterprises, Inc.                                           | Austin-Bergstrom Landhost Enterprises, Inc., Series 2017                                                 | CUSIP: 052193AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1489016.78   | 0.07%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                           | Washington Health Care Facilities Authority, Series 2019 A-2                                             | CUSIP: 93978HWK7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1131420.59   | 0.06%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                      | St. Johns County Industrial Development Authority, Series 2021 A                                         | CUSIP: 79041LAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $184157.63    | 0.01%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2025                                                                  | CUSIP: 45204FZN8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9586427.52   | 0.48%             | 2035-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village of Romeoville IL                                                              | Village of Romeoville, Series 2015                                                                       | CUSIP: 77615NAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $969542.73    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                                | New York State Energy Research & Development Authority, Series 2004 C                                    | CUSIP: 649845HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3720412.53   | 0.19%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                           | California Educational Facilities Authority, Series 2015                                                 | CUSIP: 130179YB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156499.49    | 0.01%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                                        | Empire State Development Corp., Series 2023 A                                                            | CUSIP: 64985TEL1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5222307.00   | 0.26%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 B                        | CUSIP: 60636AWP4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1184401.87   | 0.06%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series F                                    | CUSIP: 20774YW29<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250098.78    | 0.01%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                          | Los Angeles Department of Water & Power, Series 2022 C                                                   | CUSIP: 544525M39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3925000 | PA      | $3957194.42   | 0.20%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                           | County of Broward, Series 2019 A                                                                         | CUSIP: 114894YM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531853.70   | 0.08%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                                  | Lake Houston Redevelopment Authority, Series 2021                                                        | CUSIP: 51001QAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205993.02    | 0.01%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial County Local Transportation Authority                                        | Imperial County Local Transportation Authority, Series 2022 E                                            | CUSIP: 45272EFL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1375429.68   | 0.07%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2013 F                                    | CUSIP: 13079PUQ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10377762.00  | 0.52%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                              | City of Austin, Series 2019 B                                                                            | CUSIP: 052398GY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5016137.50   | 0.25%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series 2024 A                                     | CUSIP: 13034A5J5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050136.00   | 0.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 818                             | City of Las Vegas, Series 2024                                                                           | CUSIP: 51779DAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003512.10   | 0.05%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bastrop TX                                                                    | City of Bastrop, Series 2025                                                                             | CUSIP: 070341AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    898000 | PA      | $864806.87    | 0.04%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2025 A                                                                 | CUSIP: 45471GAX7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1596615.00   | 0.08%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                | Ohio Air Quality Development Authority, Series 2022 B                                                    | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3266022.18   | 0.16%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series 2017 A-1                                                                        | CUSIP: 64966MFH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513296.00   | 0.08%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2019 A                                                                  | CUSIP: 74439YBV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003436.60   | 0.05%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                          | Industrial Development Authority of the County of Pima (The), Series 2017 A                              | CUSIP: 721901KE5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020479.90   | 0.05%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 B                                                                  | CUSIP: 74439YFX4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $291131.36    | 0.01%             | 2035-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                    | CUSIP: 57585BHZ4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1138390.88   | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                                | University of Illinois, Series 2023                                                                      | CUSIP: 9143537L5<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    605000 | PA      | $649503.56    | 0.03%             | 2040-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                              | Build NYC Resource Corp., Series 2023 A                                                                  | CUSIP: 12008EUF1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    970000 | PA      | $947979.74    | 0.05%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                              | Cleveland-Cuyahoga County Port Authority, Series 2018                                                    | CUSIP: 18610PAT5<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3505950.88   | 0.18%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                                   | City of St. Louis, Series 2022 A                                                                         | CUSIP: 791638N39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1507660.87   | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series M                                    | CUSIP: 20775DPE6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1480104.50   | 0.07%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palermo Community Development District                                                | Palermo Community Development District, Series 2025                                                      | CUSIP: 696280AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246755.08    | 0.01%             | 2032-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                                 | Fort Bend Independent School District, Series 2021 B                                                     | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $786156.80    | 0.04%             | 2051-08-01      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2022 A              | CUSIP: 79766DUD9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053895.80   | 0.05%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2017                                                                  | CUSIP: 594479DB0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1156625.76   | 0.06%             | 2032-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Industrial Development Authority                                      | Crawford County Industrial Development Authority, Series 2016                                            | CUSIP: 22500PAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1471919.63   | 0.07%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                            | Capital Trust Agency, Inc., Series 2021 A-1                                                              | CUSIP: 14052WDS3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    465000 | PA      | $430663.56    | 0.02%             | 2031-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                          | Salt River Project Agricultural Improvement & Power District, Series 2025 A                              | CUSIP: 79574CFC2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12808322.40  | 0.64%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Community Unit School District No. 187 Cahokia                        | St. Clair County Community Unit School District No. 187 Cahokia, Series 2024 A                           | CUSIP: 788550MN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $269999.44    | 0.01%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                       | City of Galveston, Series 2024 B                                                                         | CUSIP: 364568LA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522791.10    | 0.03%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series 2016 A                                                   | CUSIP: 837151PS2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501359.00   | 0.08%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 2023                                                 | CUSIP: 93978LGL4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    735000 | PA      | $776938.07    | 0.04%             | 2033-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018                                            | CUSIP: 13032USG4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1524409.38   | 0.08%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                         | Village Community Development District No. 15, Series 2023                                               | CUSIP: 92708KAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1001785.20   | 0.05%             | 2033-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ranches at Lake Mcleod Community Development District                                 | Ranches at Lake Mcleod Community Development District, Series 2025                                       | CUSIP: 752041AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $589714.08    | 0.03%             | 2045-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                       | Texas Department of Housing & Community Affairs, Series 2018                                             | CUSIP: 88275ADN7<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2744321 | PA      | $2569023.31   | 0.13%             | 2034-09-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2019 A                                                  | CUSIP: 04052FAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2793682.63   | 0.14%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico, Series 2022 A-1                                                             | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2400000 | PA      | $2293514.88   | 0.11%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                                          | CUSIP: 83704HAC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206151.84    | 0.01%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                            | Metropolitan Washington Airports Authority                                                               | CUSIP: 592643DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $598328.76    | 0.03%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                       | DeKalb County Housing Authority, Series 2024                                                             | CUSIP: 240471PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $15648001.60  | 0.78%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Albany Capital Resource Corp.                                                         | Albany Capital Resource Corp., Series 2016 A                                                             | CUSIP: 012432CE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $645000.00    | 0.03%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                                   | Prosper Independent School District, Series 2019 B                                                       | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010110.40   | 0.10%             | 2050-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                                | City of San Antonio, Series 2024                                                                         | CUSIP: 79623PRK3<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2635160.00   | 0.13%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                           | California Enterprise Development Authority, Series 2020 A                                               | CUSIP: 13069BAH9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154748.93    | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                         | Florida Housing Finance Corp., Series 2024 B                                                             | CUSIP: 34074HHA3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2248632.90   | 0.11%             | 2027-10-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                             | University of Connecticut, Series 2023 A                                                                 | CUSIP: 914225JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3257823.00   | 0.16%             | 2053-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2022 B                                                         | CUSIP: 34061UJR0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    325000 | PA      | $334488.25    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2023 A-2                                                 | CUSIP: 64972E4M8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10007925.00  | 0.50%             | 2063-05-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                            | Utah Infrastructure Agency, Series 2021                                                                  | CUSIP: 917467BW1<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    460000 | PA      | $450699.03    | 0.02%             | 2031-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                           | County of Broward, Series 2015 A                                                                         | CUSIP: 114894WF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002279.40   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                      | Port of Greater Cincinnati Development Authority, Series 2021                                            | CUSIP: 734195BR0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    690000 | PA      | $630493.43    | 0.03%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp., Series 2024                                                      | CUSIP: 187145TL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $783603.98    | 0.04%             | 2044-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                      | California Pollution Control Financing Authority, Series 2020                                            | CUSIP: 13055JAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000528.30   | 0.15%             | 2040-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2022 B                                                                           | CUSIP: 735389V62<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1805067.95   | 0.09%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The), Series 2022 B                                            | CUSIP: 592190QR6<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    650000 | PA      | $710563.23    | 0.04%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2020 A                                                  | CUSIP: 63607YAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1007882.40   | 0.05%             | 2030-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp.                                               | Dutchess County Local Development Corp., Series 2018                                                     | CUSIP: 267045KQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511708.35    | 0.03%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                                     | Hutto Independent School District, Series 2023                                                           | CUSIP: 4484924S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060695.90   | 0.05%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas, Series 2017                                                                              | CUSIP: 882724EP8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2002748.03   | 0.10%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd      | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2019   | CUSIP: 592029AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $459780.75    | 0.02%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series 2020 B                                                 | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2985374.70   | 0.15%             | 2034-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp., Series 2018 B-1                                    | CUSIP: 64542YBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $872674.77    | 0.04%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District, Series 2021 A                                                               | CUSIP: 682001GZ9<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5124170.50   | 0.26%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2025                                                    | CUSIP: 57585BJD1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1238263.08   | 0.06%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A                        | CUSIP: 60636AVQ3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1764656.19   | 0.09%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                                   | City of Rockport, Series 1995 B                                                                          | CUSIP: 773835BX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4142916.78   | 0.21%             | 2025-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Series 2020 I-1                                                 | CUSIP: 64972ETS8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   6255000 | PA      | $4254670.39   | 0.21%             | 2045-11-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2025 C                                         | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  19065000 | PA      | $19967485.62  | 1.00%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                   | U.S. Treasury 5 Year Notes                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       329 | NC      | $722257.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024 C                                         | CUSIP: 84136HAC7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    750000 | PA      | $779769.90    | 0.04%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Putnam Tax Free Income Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer