# EDGAR Filing Document

**Accession Number:** 0000934563
**File Stem:** 0001752724-23-040993
**Filing Date:** 2023-2
**Character Count:** 79740
**Document Hash:** 9b17fab811de7d578562ddf8b2aca94a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040993.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-040993

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HC CAPITAL TRUST
- **CENTRAL INDEX KEY:** 0000934563
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08918
- **FILM NUMBER:** 23670777

**BUSINESS ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE, 5TH FLOOR
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** 610-828-7200

**MAIL ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE, 5TH FLOOR
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HIRTLE CALLAGHAN TRUST
- **DATE OF NAME CHANGE:** 20100305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HC CAPITAL TRUST
- **DATE OF NAME CHANGE:** 20100305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HIRTLE CALLAGHAN TRUST
- **DATE OF NAME CHANGE:** 19941222

## Series and Classes Contracts Data

### The Intermediate Term Municipal Bond Portfolio (Series ID: S000009376)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000025691 | HC Strategic Shares | HCIMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HC Capital Trust

- **b. Investment Company Act file number:** 811-08918

- **c. CIK number of Registrant:** 0000934563

- **d. LEI of Registrant:** 549300WBB2KZ0XDJW948

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

  - **Street Address 1:** Five Tower Bridge, 300 Barr Harbor

  - **City:** West Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 610-828-7200

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

- **a. Name of Series:** The Intermediate Term Municipal Bond Portfolio

- **b. EDGAR series identifier (if any):** S000009376

- **c. LEI of Series:** 549300ZT01LGEDY4WA93

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $335548541.98

**Total Liabilities:** $989590.44

**Net Assets:** $334558951.54

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -545.24019731 | **1-Year:** -18197.95458161 | **5-Year:** -45019.40454395 | **10-Year:** -46999.12987056 | **30-Year:** -12154.72715596

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025691 | -0.17%               | 2.84%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $30030.75                | $-1458570.10                               |
| Month 2  | $-34829.68               | $10206258.56                               |
| Month 3  | $-3536990.98             | $4976810.73                                |

### Schedule of Portfolio Investments

| Name                                                                 | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK ST DORM AUTH ST PERS INCOME TAX REV                         | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVEN | CUSIP: 64990FNX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566945.00   | 0.47%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OHIO HOSP REV                                        | COUNTY OF MONTGOMERY OH                            | CUSIP: 613520NS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $897784.00    | 0.27%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                          | NEW YORK CITY NY TRANSITIONAL FIN AUTH             | CUSIP: 64971WMW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028680.00   | 0.31%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CINCINNATI OHIO GEN RCPTS                                 | UNIVERSITY OF CINCINNATI OH RECPTS                 | CUSIP: 914119W65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $2014428.00   | 0.60%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIEDMONT MUN PWR AGY S C ELEC REV                                    | PIEDMONT MUNICIPAL POWER AGENCY                    | CUSIP: 720175ZD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113750.00   | 0.33%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST MUN PWR AUTH PWR SUPPLY SYS REV                          | OKLAHOMA MUNICIPAL POWER AUTHORITY                 | CUSIP: 67910HQZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $569087.50    | 0.17%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH SYS REV                                      | INDIANA UNIVERSITY HEALTH                          | CUSIP: 45470YEX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2196157.50   | 0.66%             | 2058-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                 | NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1887442.50   | 0.56%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV                           | ILLINOIS STATE TOLL HIGHWAY AUTHORITY              | CUSIP: 452252NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1707250.65   | 0.51%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH REV                                               | NORTH TEXAS TOLLWAY SYSTEM                         | CUSIP: 66285WSC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020480.00   | 0.31%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV                      | TOBACCO SETTLEMENT AUTH IA TABACCO SETTLEMENT REVE | CUSIP: 888805BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $482179.50    | 0.14%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                | MICHIGAN ST FIN AUTH REVENUE                       | CUSIP: 59447TC76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1256618.00   | 0.38%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TEX TRANSMISSION CONTRACT REV                    | LCRA TRANSMISSION SERVICE                          | CUSIP: 54811BSK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069760.00   | 0.32%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV              | CHARLOTTE MECKLENBURG HOSPITAL AUTHORITY THE       | CUSIP: 160853VE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105300.00   | 0.33%             | 2050-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                             | MINNESOTA HOUSING FINANCE AGENCY                   | CUSIP: 60416TUD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2510095.54   | 0.75%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV           | GOLDEN STATE TOBACCO SECURITIZATION                | CUSIP: 38122NZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2640834.60   | 0.79%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST TRAVIS CNTY TEX PUB UTIL AGY REV                                | WEST TRAVIS CNTY TX PUBLIC UTILITY AGY REVENUE     | CUSIP: 95632CDF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073090.00   | 0.32%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                | MICHIGAN FINANCE AUTHORITY                         | CUSIP: 59447T4A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6372734.40   | 1.90%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EASTON PA AREA SCH DIST                                              | EASTON PA AREA SCH DIST                            | CUSIP: 277695KS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $874845.50    | 0.26%             | 2025-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV                       | NORTH CAROLINA ST TURNPIKE AUTH                    | CUSIP: 65830RBB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017690.00   | 0.30%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CORP ED REV                              | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE          | CUSIP: 041806WN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1364168.40   | 0.41%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON LA SALES TAX DIST SPL SALES TAX REV                        | JEFFERSON LA SALES TAX DISTRICT                    | CUSIP: 474176KT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1509946.50   | 0.45%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                        | MASSACHUSETTS ST EDUCTNL FINGAUTH                  | CUSIP: 57563RLJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1031880.00   | 0.31%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE IS ST STUDENT LN AUTH ED LN REV                                | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE     | CUSIP: 762323BC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $695650.00    | 0.21%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN PWR AGY REV                                           | FLORIDA ST MUNI PWR AGY                            | CUSIP: 342816Q57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060350.00   | 0.32%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                              | WASHINGTON ST HEALTH CARE                          | CUSIP: 93978HUQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1316787.50   | 0.39%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WASTEWTR REV                                   | CITY OF PHILADELPHIA PA W                          | CUSIP: 717893N31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102740.00   | 0.33%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX AREA RAPID TRAN SALES TAX REV                             | DALLAS AREA RAPID TRANSIT                          | CUSIP: 235241TG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4730000 | PA      | $5367320.20   | 1.60%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                     | NEW YORK NY                                        | CUSIP: 64966QQP8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $3293819.70   | 0.98%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NEB SAN SEW REV                                                | OMAHA NE SANTN SWR REVENUE                         | CUSIP: 681810MT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063550.00   | 0.32%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                | CLIFTON HIGHER EDUCATION FINANCE CORP              | CUSIP: 187145PW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1001414.00   | 0.30%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CINCINNATI OHIO GEN RCPTS                                 | UNIVERSITY OF CINCINNATI OH RECPTS                 | CUSIP: 914119W40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $734853.00    | 0.22%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL PK DIST                                                  | CHICAGO PARK DISTRICT                              | CUSIP: 167615TK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024990.00   | 0.31%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH REV                                              | ATLANTA GA DEV AUTH SNR LIEN SER A 1               | CUSIP: 04780NHW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009740.00   | 0.30%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL WTR REV                                                  | CHICAGO IL WTRWKS REVENUE                          | CUSIP: 167736B48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028960.00   | 0.31%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ARPT SYS REV                                         | SAN ANTONIO TX ARPT SYS REVENUE                    | CUSIP: 796242TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1830465.00   | 0.55%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL CTFS PARTN TAX INCREMENT ALLOCATION REV                  | CHICAGO ILLINOIS INCREMENT ALLOCATION REVENUE      | CUSIP: 16752QAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     72809 | PA      | $69350.43     | 0.02%             | 2026-02-15      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| POLK CNTY FLA UTIL SYS REV                                           | POLY CNTY FL UTILITY SYS REVENUE                   | CUSIP: 731167FX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1049783.75   | 0.31%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTICA MICH CMNTY SCHS                                                | UTICA COMMUNITY SCHOOLS                            | CUSIP: 917661T59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2960000 | PA      | $3181052.80   | 0.95%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD ARPT MODERNIZATION CORP TEX SPL FACS REV                  | LOVE FIELD TX ARPT MODERNIZATION CORP              | CUSIP: 54714FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1213168.00   | 0.36%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT REV                                     | CHICAGO O HARE INTERNATIONAL AIRPORT               | CUSIP: 167593Z88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $490399.00    | 0.15%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE IS ST STUDENT LN AUTH ED LN REV                                | RHODE ISLAND STUDENT LOAN AUTHORITY                | CUSIP: 762323BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2058750.00   | 0.62%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HOSP REV                                            | INDIANA ST FIN AUTH HOSP REVENUE REF PARKVIEW      | CUSIP: 45471APV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033870.00   | 0.31%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CORP ED REV                              | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE          | CUSIP: 041806WM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1121104.00   | 0.34%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP ILL                                    | SALES TAX SECURITIZATION CORP IL                   | CUSIP: 79467BCU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3251460.00   | 0.97%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS POLLUTION CTL REV                                | PUBLIC FINANCE AUTHORITY                           | CUSIP: 74447HAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3455000 | PA      | $3495976.30   | 1.04%             | 2046-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY N C LTD OBLIG                                              | COUNTY OF WAKE NC                                  | CUSIP: 930876EH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129930.00   | 0.34%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV              | COMMONWEALTH FINANCING AUTHORITHY                  | CUSIP: 20282EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259987.50   | 0.38%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP THERMAL UTIL REV           | HARRIS CNTY TX CULT EDU FACS FIN CORP THER UTILITY | CUSIP: 41401PCG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1752118.50   | 0.52%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH ED LN REV                                | MASSACHUSETTS ST EDUCATIONAL FINANCING             | CUSIP: 57563RPA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1624593.10   | 0.49%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH ED LN REV                                | MASSACHUSETTS ST EDUCTNL FING AUTH                 | CUSIP: 57563RRM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1518048.00   | 0.45%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TEX REV                                          | LOWER COLORADO RIVER AUTHORITY                     | CUSIP: 54811GH37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2451061.20   | 0.73%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV                   | MISSOURI ST HEALTH EDUC FACS SAINT LUKES HLTH      | CUSIP: 60637AKM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017910.00   | 0.30%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV | HAMPTON ROADS TRANSPORTATION ACCOUNTABILITY COMMIS | CUSIP: 409328AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $989374.50    | 0.30%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                  | STATE OF CALIFORNIA                                | CUSIP: 13063DS33<br>LEI: N/A                  | Long             | DBT              |  | US        |   2000000 | PA      | $2387400.00   | 0.71%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                        | STATE OF NEW JERSEY                                | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1166649.00   | 0.35%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND VA PUB UTIL REV                                             | RICHMOND VA PUBLIC UTILITY REVENUE                 | CUSIP: 765433KG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1615065.00   | 0.48%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY WIS HOSPS & CLINICS AUTH REV                              | UNIVESITY OF WISCONSIN HOSPITAL                    | CUSIP: 915260CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1311877.00   | 0.39%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH REV                                                | PORT OF SEATTLE WA                                 | CUSIP: 735389G44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580835.00   | 0.47%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA UNIV REV                                           | DISTRICT OF COLUMBIA UNIVERSITY REVENUE            | CUSIP: 25484JCR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1569585.00   | 0.47%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL WTR REV                                                  | CHICAGO IL WTRWKS REVENUE                          | CUSIP: 167736N86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028590.00   | 0.31%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST CTFS PARTN                                                | ARIZONA ST COPS 5 10 1 25                          | CUSIP: 040588G82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1078772.45   | 0.32%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                              | WASHINGTON ST HEALTH CARE FACILITIES AUTHORITY     | CUSIP: 93978HUZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1627392.00   | 0.49%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                        | STATE OF WASHINGTON                                | CUSIP: 93974ELL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1500317.00   | 0.45%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HOSP REV                                            | INDIANA ST FIN AUTH HOSP REVENUE REF PARKVIEW      | CUSIP: 45471APU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1170090.50   | 0.35%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE FINL CORP GAS REV  ARIZ                                   | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE    | CUSIP: 79575EAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034730.00   | 0.31%             | 2024-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY ILL BRD TRUSTEES CTFS PARTN                               | UNIV OF ILLINOIS IL BRD OF TRUSTEES COPS           | CUSIP: 914325EF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $3165774.90   | 0.95%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ CIVIC IMPT CORP EXCISE TAX REV                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE      | CUSIP: 71884AD48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1940344.90   | 0.58%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE N C ARPT REV                                               | CHARLOTTE NC ARPT REVENUE REF SER C                | CUSIP: 161036NN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025900.00   | 0.31%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV               | BAYLOR COLLEGE OF MEDICINE                         | CUSIP: 414008CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2266488.00   | 0.68%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TRANSN AUTH PASSENGER FAC CHARGE REV                     | MARYLAND STATE TRANSPORTA                          | CUSIP: 57429NCR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2282781.60   | 0.68%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV                            | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE   | CUSIP: 880443JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1484145.00   | 0.44%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH TRAN AUTH SALES TAX REV                                         | UTAH ST TRANSIT AUTH SALES TAX                     | CUSIP: 917567DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1183718.20   | 0.35%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                        | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE     | CUSIP: 09182NBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2829312.45   | 0.85%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK REV                                    | PENNSYLVANIA TURNPIKE COMMISSION                   | CUSIP: 709225DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $685531.25    | 0.20%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                        | SAINT JOHN THE BAPTIST PARISH LA REVENUE           | CUSIP: 79020FAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972550.00    | 0.29%             | 2037-06-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| WEST HARRIS CNTY TEX REGL WTR AUTH WTR SYS REV                       | WEST HARRIS COUNTY REGIO                           | CUSIP: 95308RQS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1421316.00   | 0.42%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROANOKE VA ECONOMIC DEV AUTH HOSP REV                                | ROANOKE VA ECON DEV AUTH HOSPREVENUE REF C         | CUSIP: 770082BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059700.00   | 0.32%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS REV                    | COLORADO ST BRD OF GOVERNORS UNIV                  | CUSIP: 196707TH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1281386.75   | 0.38%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CINCINNATI OHIO GEN RCPTS                                 | UNIVERSITY OF CINCINNATI OH RECPTS                 | CUSIP: 914119W57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $829800.25    | 0.25%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                    | DISTRICT OF COLUMBIA                               | CUSIP: 25476FSX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082270.00   | 0.32%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN CONS TRANSN                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN     | CUSIP: 574204N82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047150.00   | 0.31%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                | TRINITY HEALTH CORP OBLIGATION                     | CUSIP: 59447P7P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055320.00   | 0.32%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX                                                           | DALLAS TX                                          | CUSIP: 235219LT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2570172.50   | 0.77%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST                                             | PHILADELPHIA PA SCH DIST                           | CUSIP: 717883VW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3598229.25   | 1.08%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT REV                                     | CHICAGO O HARE INTERNATIONAL AIRPORT               | CUSIP: 167593Z96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $428460.00    | 0.13%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                  | STATE OF CALIFORNIA                                | CUSIP: 13063DQ84<br>LEI: N/A                  | Long             | DBT              |  | US        |   1000000 | PA      | $1102670.00   | 0.33%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                             | MINNESOTA HOUSING FINANCE AGENCY                   | CUSIP: 60416TUB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2208432.79   | 0.66%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAHONING CNTY OHIO HOSP FACS REV                                     | MAHONING COUNTY HOSPITAL                           | CUSIP: 560060ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $364179.60    | 0.11%             | 2025-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX ARPT SYS REV                                             | CITY OF HOUSTON TX AIRPORT                         | CUSIP: 442349CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2579550.00   | 0.77%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH REV                                        | SISTERS OF CHARITY OF LEA                          | CUSIP: 19648FKZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3698780.50   | 1.11%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HWY IMPT REV                                               | NEVADA ST HIGHWAY IMPT REVENUE                     | CUSIP: 641480HW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039900.00   | 0.31%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FLA HEALTH FACS AUTH HEALTH FACS REV                    | ALACHUA CNTY FL HLTH FACS AUTH                     | CUSIP: 010685LD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126440.00   | 0.64%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                             | MINNESOTA HOUSING FINANCE AGENCY                   | CUSIP: 60416TUC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1401922.92   | 0.42%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV                       | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY            | CUSIP: 74440DAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012990.00   | 0.30%             | 2024-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUBURN UNIV ALA GEN FEE REV                                          | AUBURN UNIV AL GEN FEE REVENUE                     | CUSIP: 050589QB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1800005.25   | 0.54%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA DEV AUTH REV                                          | FULTON CNTY GA DEV AUTH                            | CUSIP: 3599007S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252565.00    | 0.08%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N J                                     | TOBACCO SETTLEMENT FING CORP NJ                    | CUSIP: 888808HS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9886.30      | 0.00%             | 2027-06-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTHERN ARIZ UNIV REVS                                              | NORTHERN ARIZONA UNIVERSITY                        | CUSIP: 6647545Q7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1303865.10   | 0.39%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                | CLIFTON TX HGR EDU FIN CORP EDU REVENUE            | CUSIP: 187145GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2331450.00   | 0.70%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TROY UNIV ALA FACS REV                                               | TROY UNIVERSITY                                    | CUSIP: 897745CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081160.00   | 0.32%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV                       | KENTUCKY PUBLIC ENERGY                             | CUSIP: 74440DAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3171692.00   | 0.95%             | 2023-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE FIN AUTH STUDENT LN REV                                        | FINANCE AUTHORITY OF MAINE                         | CUSIP: 56042TBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1081713.25   | 0.32%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                  | CALIFORNIA ST                                      | CUSIP: 13063C5T3<br>LEI: N/A                  | Long             | DBT              |  | US        |   1250000 | PA      | $1293012.50   | 0.39%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLESTON CNTY S C                                                  | CHARLESTON COUNTY SOUTH CAROLINA                   | CUSIP: 160069YM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3680000 | PA      | $4009985.60   | 1.20%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV                 | NEW YORK CITY WATER SEWER SYSTEM                   | CUSIP: 64972GZQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2566963.30   | 0.77%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REV                                            | MICHIGAN ST BLDG AUTH REVENUE                      | CUSIP: 594615GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1520397.50   | 0.45%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD ARPT MODERNIZATION CORP TEX GEN ARPT REV                  | LOVE FIELD TX ARPT MODERNIZATION CORP GEN ARPT     | CUSIP: 54714CAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2421877.00   | 0.72%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV                            | CONNECTICUT STATE HEALTH AND EDUCATION             | CUSIP: 20774Y6T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1162696.85   | 0.35%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ UN HIGH SCH DIST NO 210 PHOENIX                   | MARICOPA CNTY AZ HIGH SCHOOL                       | CUSIP: 567505PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056940.00   | 0.32%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TWY AUTH ST PERS INCOME TAX REV                          | NEW YORK STATE THRUWAY AUTHORITY                   | CUSIP: 650028YM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4710000 | PA      | $5462469.60   | 1.63%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV             | PENNSYLVANIA ST ECON DEV FING AUTH T E PRIVATE     | CUSIP: 70868YAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3830175.00   | 1.14%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH REV                                       | MASSACHUSETTS PORT AUTHORITY                       | CUSIP: 575896YQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1703340.00   | 0.51%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH                                | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH            | CUSIP: 118217CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3253020.00   | 0.97%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV                   | MISSOURI STATE HEALTH EDUCATION                    | CUSIP: 60637AMX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2484744.00   | 0.74%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA TOURIST DEV TAX REV                                  | ORANGE CNTY FL TOURIST DEV TAX                     | CUSIP: 684545ZN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3442400.00   | 1.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV                        | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE      | CUSIP: 592647HR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2020469.00   | 0.60%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                              | CLARK CNTY NV SCH DIST REF BLDG                    | CUSIP: 181059WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068270.00   | 0.32%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELEC & GAS REV                                       | CITY OF SAN ANTONIO TX ELECTRIC GAS SYSTEMS REVE   | CUSIP: 79625GEC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1357564.00   | 0.41%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                     | NEW JERSEY ST ECON DEV AUTH REV                    | CUSIP: 64577XAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $470338.30    | 0.14%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL FLA EXPWY AUTH SR LIENREV                                    | CENTRAL FL EXPRESSWAY AUTH SR LIEN REVENUE         | CUSIP: 153476GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1724460.00   | 0.52%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                               | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE        | CUSIP: 594698PX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1635751.80   | 0.49%             | 2025-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV                       | KENTUCKY ST PUBLIC ENERGY                          | CUSIP: 74440DBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3478895.00   | 1.04%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVIRONMENTAL FACS REV                           | INDIANA ST FIN AUTH ENVRNMNTL FACS REVENUE 3 125   | CUSIP: 455059AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501440.00   | 0.45%             | 2024-12-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN AUTH ILL                                             | REGIONAL TRANSPORTATION AUTHORITY                  | CUSIP: 759911NG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2102820.00   | 0.63%             | 2025-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV                            | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE   | CUSIP: 880443HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252112.50   | 0.37%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH                   | OKLAHOMA ST TURNPIKE AUTH                          | CUSIP: 679111B37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2273560.00   | 0.68%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NEB SAN SEW REV                                                | OMAHA NE SANTN SWR REVENUE                         | CUSIP: 681810MS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068720.00   | 0.32%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY ORE SCH DIST NO 1J PORTLAND                           | MULTNOMAH CNTY                                     | CUSIP: 625517KX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2861675.00   | 0.86%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL MET WTR RECLAMATION DIST GTR CHICAGO                     | METROPOLITAN WATER RECLAMATION                     | CUSIP: 167560TC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1794483.00   | 0.54%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y REV                                     | METROPOLITAN TRANSPORTATION AUTHORITY              | CUSIP: 59261AEZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1761761.00   | 0.53%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO EDL ASSISTANCE FNDTN                                      | NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION       | CUSIP: 647110FP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2716780.50   | 0.81%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON & LINN CNTYS ORE SCH DIST NO 509J CORVALLIS                   | BENTON LINN CNTYS OR SCH DIST                      | CUSIP: 082744CK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1377819.00   | 0.41%             | 2025-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR OHIO INC REV                                        | AMERICAN MUNI PWR OHIO INC OHREVENUE REF SER A     | CUSIP: 02765UGA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532910.00   | 0.46%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                       | CONNECTICUT ST GAAP CONVERSION                     | CUSIP: 20772JRB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055080.00   | 0.91%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FLA SOLID WASTE SYS REV                                     | LEE CNTY FL SOL WST SYS                            | CUSIP: 523510ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1572225.00   | 0.47%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY ARPT REV                                     | DENVER CITY CNTY CO ARPT REVENUE AMT               | CUSIP: 249182KY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3800556.00   | 1.14%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IND ENVIRONMENTAL FACS REV                                   | WHITING IN ENVRNMNTL FACS REVENUE                  | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2570775.00   | 0.77%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB FACS REV                               | VIRGINIA PUBLIC BUILDING AU                        | CUSIP: 9281724C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031910.00   | 0.31%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUB SVCS AUTH REV                                  | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY            | CUSIP: 837151ZJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093330.00   | 0.33%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAHA PUB PWR DIST NEB ELEC REV                                      | OMAHA PUBLIC POWER DISTRICT                        | CUSIP: 682001HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1582510.50   | 0.47%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                     | NEW JERSEY ST ECON DEV AUTH REVENUE                | CUSIP: 64577B7C2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1307634.90   | 0.39%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES WTR AUTH MICH SEW DISP SYS REV                           | GREAT LAKES MI WTR AUTH SWR DISPOSAL SYS REVENUE   | CUSIP: 39081HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1863938.00   | 0.56%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH STUD LN                      | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUT | CUSIP: 646080WM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1887822.75   | 0.56%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TEX CULTURAL ED FACS FIN CORP REV                       | TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINAN | CUSIP: 87638THC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2222580.00   | 0.66%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG REV                                     | STATE OF CONNECTICUT SPECIAL TAX REVENUE           | CUSIP: 207758G80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1719750.00   | 0.51%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN CONS TRANSN                                  | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION     | CUSIP: 574204Q48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2886725.00   | 0.86%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                     | COMMONWEALTH OF MASSACHUSETTS                      | CUSIP: 57582NUZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3587790.00   | 1.07%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY          | CUSIP: 56035DCR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4930350.00   | 1.47%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV                              | ASCENSION HEALTH CREDIT                            | CUSIP: 97712DV37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1140304.00   | 0.34%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ CIVIC IMPT CORP ARPT REV                                | CITY OF PHOENIX CIVIC IMPROVEMENT CORP             | CUSIP: 71883MPN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1684049.45   | 0.50%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL MET WTR RECLAMATION DIST GTR CHICAGO                     | CHICAGO IL MET WTR 5 12 1 27                       | CUSIP: 167560SW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3287512.00   | 0.98%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY SCH DIST NO 1                                | DENVER CITY CONTY SCHOOL                           | CUSIP: 249174WE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3211936.20   | 0.96%             | 2025-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX INDPT SCH DIST                                            | DALLAS TX INDEP SCH DIST                           | CUSIP: 235308WA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2612950.00   | 0.78%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUZERNE CNTY PA INDL DEV AUTH REV                                    | LUZERNE CNTY PA INDL DEV AUTH                      | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1681756.20   | 0.50%             | 2039-12-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CURATORS UNIV MO SYS FACS REV                                        | CURATORS OF THE UNIVERSITY OF MISSOURI             | CUSIP: 231266MK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2915970.30   | 0.87%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                            | ILLINOIS STATE SALES TAX REVENUE                   | CUSIP: 452227MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4831794.00   | 1.44%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY ARPT REV                                     | DENVER CITY COUNTY CO AIRPORT REVENUE              | CUSIP: 249182JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1781640.00   | 0.53%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFSHORE TERM AUTH DEEPWTR PORT REV                     | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER      | CUSIP: 546510FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2461125.00   | 0.74%             | 2033-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HIGHER ED ASSISTANCE AGY ED LN REV                      | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY    | CUSIP: 70878CAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088100.00   | 0.33%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                      | LOWER AL GAS DIST GAS PROJ REVENUE                 | CUSIP: 547804AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987440.00    | 0.30%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA INDL DEV AUTH REV                                    | FAIRFAX CNTY VIRGINIA INDL DEV AUTH                | CUSIP: 303823LE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026860.00   | 0.31%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                              | WASHINGTON ST HLTH CARE FACS AUTH                  | CUSIP: 93978HNS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1328903.30   | 0.40%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                | MICHIGAN ST FIN AUTH REVENUE                       | CUSIP: 59447TF40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1484083.20   | 0.44%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                  | STATE OF CALIFORNIA                                | CUSIP: 13063DLF3<br>LEI: N/A                  | Long             | DBT              |  | US        |   1750000 | PA      | $1993390.00   | 0.60%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV                 | NEW YORK CITY NY MUNI WTR FINAUTH WTR SWR SYS      | CUSIP: 64972GXU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2296940.00   | 0.69%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV                  | MINNEAPOLIS ST PAUL METROPOLITAN AIRPORTS COMMISSI | CUSIP: 603827F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064700.00   | 0.32%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUB SVCS AUTH REV                                  | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY            | CUSIP: 837151XV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $729034.80    | 0.22%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY HOUSTON TEX UNIV REVS                                     | UNIVERSITY OF HOUSTON TX UNIV REVENUES             | CUSIP: 914302ET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2367858.60   | 0.71%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GA ECONOMIC DEV AUTH POLLUTN CTL REV                        | SAVANNAH GA ECON DEV AUTH                          | CUSIP: 80483BBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972570.00    | 0.29%             | 2024-08-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV             | WASTE MANAGEMENT PA OB                             | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2471050.00   | 0.74%             | 2041-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH REV                                                | PORT OF SEATTLE WA                                 | CUSIP: 735389U71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1703160.40   | 0.51%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALDINE TEX INDPT SCH DIST                                            | ALDINE TX INDEP SCH DIST                           | CUSIP: 014393WH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092080.00   | 0.63%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH WASTEWATER UTIL REV                              | INDIANA FINANCE AUTHORITY                          | CUSIP: 45505MMG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1571724.00   | 0.47%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                                                   | MONTGOMERY CNTY MD                                 | CUSIP: 61334PCC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2905000 | PA      | $3153174.15   | 0.94%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ARPT SYS REV                                         | SAN ANTONIO TX ARPT SYS REVENUE                    | CUSIP: 796242TY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063810.00   | 0.32%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL WTR REV                                                  | CHICAGO IL WTR                                     | CUSIP: 167736ZZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001210.00   | 0.30%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                | CLIFTON TX HGR EDU FIN CORP EDU REVENUE            | CUSIP: 187145GR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1247319.60   | 0.37%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL MET WTR RECLAMATION DIST GTR CHICAGO                     | METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER | CUSIP: 167560VX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1630216.80   | 0.49%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA DEV AUTH REV                                          | FULTON CNTY GA DEV AUTH                            | CUSIP: 3599007T8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1629120.00   | 0.49%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                | ILLINOIS ST FIN AUTH REVENUE                       | CUSIP: 45204FEH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1447091.25   | 0.43%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** HC Capital Trust

**Signature:** Kenneth Schiltz

**Name of Signer:** Kenneth Schiltz

**Title:** Asst. Treasurer