# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001752724-25-155295
**Filing Date:** 2025-6
**Character Count:** 192915
**Document Hash:** 2a924335959b93f94ef28c20c238a54e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-155295.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-155295

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck ETF Trust
- **CENTRAL INDEX KEY:** 0001137360

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10325
- **FILM NUMBER:** 251072365

**BUSINESS ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-293-2000

**MAIL ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VanEck Vectors ETF Trust
- **DATE OF NAME CHANGE:** 20160427

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS ETF TRUST
- **DATE OF NAME CHANGE:** 20070312

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS TRUST
- **DATE OF NAME CHANGE:** 20050516

## Series and Classes Contracts Data

### VanEck Short High Yield Muni ETF (Series ID: S000038973)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000119796 | VanEck Short High Yield Muni ETF | SHYD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VanEck ETF Trust

- **b. Investment Company Act file number:** 811-10325

- **c. CIK number of Registrant:** 0001137360

- **d. LEI of Registrant:** 549300ZLFKNTXC51ZN76

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

  - **Street Address 1:** 666 THIRD AVENUE, 9TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-293-2000

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

- **a. Name of Series:** VanEck Short High Yield Muni ETF

- **b. EDGAR series identifier (if any):** S000038973

- **c. LEI of Series:** 549300B6J4UH4T4ALL26

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

- **a. Date of fiscal year-end:** 2025-04-30

- **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:** $320360478.66

**Total Liabilities:** $2103751.35

**Net Assets:** $318256727.31

**Delayed Delivery Securities:** $518790.00

**Cash Not Reported:** $250.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -382.61000000 | **1-Year:** -6207.38000000 | **5-Year:** -27021.58000000 | **10-Year:** -23805.78000000 | **30-Year:** -4040.69000000

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

- **3-Month:** -665.53000000 | **1-Year:** -12137.12000000 | **5-Year:** -35420.83000000 | **10-Year:** -14779.18000000 | **30-Year:** -47.15000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119796 | 0.83%                | -0.71%               | -0.67%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3273.23                 | $1802692.48                                |
| Month 2  | $-647118.48              | $-2552660.89                               |
| Month 3  | $-12384.98               | $-3090135.52                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178238D3<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102439.05    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TQ63<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51024.05     | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                | CUSIP: 2322655J3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111102.56    | 0.03%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EPM2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    990000 | PA      | $984561.14    | 0.31%             | 2028-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                      | JEA FL ELEC SYS REVENUE                                      | CUSIP: 46613SFW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $114201.24    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                           | DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                      | CUSIP: 267045GP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $273278.45    | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009782.70   | 0.32%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1146345.01   | 0.36%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    395000 | PA      | $400672.00    | 0.13%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp                                | MATCHING FUND SPL PURPOSE SECURITIZTN CORP                   | CUSIP: 57665NAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028555.60   | 0.32%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                           | M-S-R CA ENERGY AUTH GAS REVENUE                             | CUSIP: 55374SAE0<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1182317.90   | 0.37%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504921.80    | 0.16%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    345000 | PA      | $354590.45    | 0.11%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044993.40   | 0.33%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DSN0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523298.95    | 0.16%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009383.60   | 0.63%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EBR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $148094.04    | 0.05%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442ELS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    645000 | PA      | $655610.77    | 0.21%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                               | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AJK2<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53498.57     | 0.02%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154349.49    | 0.05%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Hamden CT                                                                | HAMDEN CT                                                    | CUSIP: 4067927W5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $336544.48    | 0.11%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Anderson IN                                                              | ANDERSON IN ECON DEV REVENUE                                 | CUSIP: 033887CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $158118.23    | 0.05%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                       | CUSIP: 05923TBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198497.18    | 0.06%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Polk County Industrial Development Authority/FL                                  | POLK CNTY FL INDL DEV AUTH                                   | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1119400.00   | 0.35%             | 2033-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SR LIVING CMNTY 1ST MTGE REVENUE          | CUSIP: 74446GAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    365000 | PA      | $335570.71    | 0.11%             | 2029-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NEL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1372518.39   | 0.43%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993689.30    | 0.31%             | 2029-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                           | CUSIP: 199546CS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048032.40   | 0.33%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ENVRNMNTL REVENUE                        | CUSIP: 455054BE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1992405.80   | 0.63%             | 2026-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ERQ1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    275000 | PA      | $262873.74    | 0.08%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493850.25    | 0.16%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | DELAWARE ST ECON DEV AUTH REVENUE                            | CUSIP: 246387SV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979891.40    | 0.31%             | 2045-10-01      | Floating      | 1.25%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                             | CUSIP: 114894WA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290329.76    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2K7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    320000 | PA      | $317381.06    | 0.10%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505UV6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252334.85    | 0.08%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BEZ7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083936.90   | 0.34%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority                                             | WINDLER PUB IMPT AUTH CO LTD TAX SUPPORTED REVENUE           | CUSIP: 973405AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939048.90    | 0.30%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505UE4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206210.92    | 0.06%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTSAUTH REVENUE                    | CUSIP: 413890GB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $268195.10    | 0.08%             | 2029-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE       | CUSIP: 592247FZ8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    115000 | PA      | $101324.58    | 0.03%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536QR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399480.56    | 0.13%             | 2025-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BKV5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130091.77    | 0.04%             | 2027-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059R81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271351.30    | 0.09%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $794185.05    | 0.25%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UBA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $797466.50    | 0.25%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530766.70    | 0.17%             | 2054-07-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Heights Industrial Development Authority                                | MARYLAND HEIGHTS MO INDL DEV  AUTH REVENUE                   | CUSIP: 574069AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $258993.44    | 0.08%             | 2030-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104NJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $624132.93    | 0.20%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GFY3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020490.00   | 0.32%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501XD2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    795000 | PA      | $683994.63    | 0.21%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Centro Financing Authority                                                    | EL CENTRO CA FING AUTH HOSP REVENUE                          | CUSIP: 282831AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $667254.25    | 0.21%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BKK9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    440000 | PA      | $440278.92    | 0.14%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp                                            | BROOKLYN ARENA NY LOCAL DEV CORP PILOT REVENUE               | CUSIP: 113807BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1831141.44   | 0.58%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TWH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1105233.91   | 0.35%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp                                      | MESQUITE TX HLTH FAC DEV CORP                                | CUSIP: 590743CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    101519 | PA      | $1015.19      | 0.00%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UFA1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    470000 | PA      | $443900.24    | 0.14%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981495.20    | 0.31%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SA Energy Acquisition Public Facility Corp                                       | SA ENERGY ACQUISITION PUBLIC FAC CORP TX GAS SPLY REVENUE    | CUSIP: 785138AT5<br>LEI: 5493006HRL5XH4QOE746 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125429.64    | 0.04%             | 2025-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                     | VLG FL CDD #13 SPL ASSMNT REVENUE                            | CUSIP: 92708HAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $224672.46    | 0.07%             | 2029-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | CLARK CNTY NV POLL CONTROL REVENUE                           | CUSIP: 181008BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4295.63      | 0.00%             | 2031-06-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991331.80    | 0.31%             | 2051-01-01      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFX9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1545578.25   | 0.49%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT &SWR AUTH REVENUE                | CUSIP: 745160TD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020524.00   | 0.32%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT &SWR AUTH REVENUE                | CUSIP: 745160TF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045785.20   | 0.64%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505UC8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256983.18    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV REVENUES                   | CUSIP: 71781XGS6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    545255 | PA      | $425298.99    | 0.13%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675936N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551103.25    | 0.17%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                | CUSIP: 49126PFD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44515.94     | 0.01%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                    | CUSIP: 717903L48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $279769.71    | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048728.40   | 0.33%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061ULL0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505999.65    | 0.16%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ERY4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    595000 | PA      | $540810.49    | 0.17%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982681.70    | 0.31%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $696904.34    | 0.22%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486T82<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527420.05    | 0.17%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039451.20   | 0.33%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000205.60   | 0.31%             | 2034-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019922.40   | 0.32%             | 2027-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CF2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131038.16    | 0.04%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Public Finance Authority                                                 | COMPTON CA PUBLIC FIN AUTH LEASE REVENUE                     | CUSIP: 204726AG8<br>LEI: 549300WUETJKEL0LJQ58 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992069.40    | 0.31%             | 2032-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WEA1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    535000 | PA      | $504628.37    | 0.16%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                                   | ADAMS CNTY PA GEN AUTH REV                                   | CUSIP: 006114AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259168.90    | 0.08%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501VH5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    190000 | PA      | $149575.07    | 0.05%             | 2030-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526QPN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    500000 | PA      | $488584.45    | 0.15%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999964.00   | 0.94%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224NA3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101671.47    | 0.03%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SA Energy Acquisition Public Facility Corp                                       | SA ENERGY ACQUISITION PUBLIC FAC CORP TX GAS SPLY REVENUE    | CUSIP: 785138AV0<br>LEI: 5493006HRL5XH4QOE746 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112902.49    | 0.04%             | 2027-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Painted Prairie Public Improvement Authority                                     | PAINTED PRAIRIE PUB IMPT AUTH CO                             | CUSIP: 69578NAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946410.70    | 0.30%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Calcasieu Parish Memorial Hospital Service District                              | CALCASIEU PARISH LA MEMORIAL HOSP SVC DIST HOSP REVENUE      | CUSIP: 128423EU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1032796.15   | 0.32%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000080.60   | 0.31%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE             | CUSIP: 92774NBE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006856.50   | 0.32%             | 2030-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CEN4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $544238.20    | 0.17%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV                  | CUSIP: 20774YV79<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    120000 | PA      | $115618.02    | 0.04%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061492.40   | 0.65%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit Regional Convention Facility Authority                                   | DETROIT MI REGL CONVENTION FAC AUTH CONVENTION FAC REVENUE   | CUSIP: 251220AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $620461.44    | 0.19%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE        | CUSIP: 852297CA6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50116.44     | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485392.10    | 0.15%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                 | CUSIP: 898526EV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71820.48     | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CG0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054220.90   | 0.33%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $377716.38    | 0.12%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UT65<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059434.40   | 0.33%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4243647.20   | 1.33%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423485S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200541.68    | 0.06%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YTS5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494723.70    | 0.16%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    485000 | PA      | $491546.58    | 0.15%             | 2032-07-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WN2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026190.20   | 0.32%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    220000 | PA      | $226415.07    | 0.07%             | 2028-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GFZ0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    945000 | PA      | $961863.90    | 0.30%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DDN9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    430000 | PA      | $431332.74    | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243819.55    | 0.08%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508925.60   | 0.47%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                   | CUSIP: 696547GH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299381.58    | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    600000 | PA      | $595271.10    | 0.19%             | 2050-09-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TUF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $654313.37    | 0.21%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                    | CUSIP: 717903K98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116134.18    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTS AUTH REVENUE                   | CUSIP: 413890GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540601.95    | 0.17%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BJJ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522332.75    | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EMD6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    750000 | PA      | $760650.83    | 0.24%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                              | HOWARD CNTY MD SPL OBLIG                                     | CUSIP: 442599AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99440.00     | 0.03%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494274.80    | 0.16%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20064.40     | 0.01%             | 2025-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SCH FAC REVENUE                  | CUSIP: 13051BAE6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501411.95    | 0.16%             | 2030-05-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Austin Convention Enterprises Inc                                                | AUSTIN CONVENTION ENTERPRISES INC TX CONVENTION CENTER       | CUSIP: 052409DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $775582.65    | 0.24%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Henderson KY                                                             | HENDERSON KY EXEMPT FACS REVENUE                             | CUSIP: 425099AC2<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1560494.56   | 0.49%             | 2032-01-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EBM1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    225000 | PA      | $222405.17    | 0.07%             | 2026-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 71885FDM6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99823.15     | 0.03%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514218.05    | 0.16%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                           | DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                      | CUSIP: 267045GM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $278253.33    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443BS4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    525000 | PA      | $532848.17    | 0.17%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4155000 | PA      | $4155452.06   | 1.31%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | COOK CNTY IL                                                 | CUSIP: 213185KJ9<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511665.85    | 0.16%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XC5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1403768.94   | 0.44%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DL8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003131.20   | 0.32%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Suffolk NY                                                             | SUFFOLK CNTY NY                                              | CUSIP: 86476PUK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257776.03    | 0.08%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243387.03    | 0.08%             | 2030-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1880073.60   | 0.59%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU | CUSIP: 87638RHG5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    175000 | PA      | $171967.71    | 0.05%             | 2027-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle Industrial Development Corp                                      | PORT SEATTLE WA INDL DEV CORP                                | CUSIP: 735385AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800152.10   | 0.57%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DWG0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523298.95    | 0.16%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp                                            | BROOKLYN ARENA NY LOCAL DEV CORP PILOT REVENUE               | CUSIP: 113807BD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101861.74    | 0.03%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SL1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    560000 | PA      | $564989.54    | 0.18%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                      | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                        | CUSIP: 380037FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501203.90   | 0.47%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021428.80   | 0.32%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Calcasieu Parish Memorial Hospital Service District                              | CALCASIEU PARISH LA MEMORIAL HOSP SVC DIST HOSP REVENUE      | CUSIP: 128423EW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151774.67    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Bond Development Corp                                                   | KENTUCKY BOND DEV CORP HOSP REVENUE                          | CUSIP: 49121DAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539165.60    | 0.17%             | 2055-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE             | CUSIP: 92774NAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095715.40   | 0.34%             | 2033-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SSG0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    635000 | PA      | $619915.38    | 0.19%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| St Louis County Industrial Development Authority                                 | SAINT LOUIS CNTY MO INDL DEV AUTH SENIOR LIVING FACS         | CUSIP: 791524CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511148.65    | 0.16%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BLQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $381768.93    | 0.12%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sullivan NY                                                            | SULLIVAN CNTY NY INFRASTRUCTURE LOCAL DEV CORP REVENUE       | CUSIP: 865273AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $870182.18    | 0.27%             | 2031-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF MTGE REVENUE                | CUSIP: 64966TGV0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252669.38    | 0.08%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amherst Industrial Development Authority/VA                                      | AMHERST VA INDL DEV AUTH REVENUE                             | CUSIP: 031489BX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $133608.37    | 0.04%             | 2030-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DSL4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514575.60    | 0.16%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEVAUTH STUDENT HSG REVENUE        | CUSIP: 13078RGF1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302446.11    | 0.10%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536QY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $10.00        | 0.00%             | 2022-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TUV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492529.85    | 0.15%             | 2027-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104PH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512308.05    | 0.16%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SENIOR HSG REVENUE                          | CUSIP: 46245FAT1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    190000 | PA      | $190856.18    | 0.06%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAP3<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10443.21     | 0.00%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                             | PUBLIC AUTH FOR COLORADO ST ENERGY NATURAL GAS PURCHASE REVE | CUSIP: 744387AC5<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |    120000 | PA      | $125174.82    | 0.04%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3215903.46   | 1.01%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TWE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529008.00    | 0.17%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                        | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAQ1<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |    370000 | PA      | $393034.65    | 0.12%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1715082.66   | 0.54%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                           | MINNEAPOLIS MN HLTH CARE SYS REVENUE                         | CUSIP: 60374VDZ3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    605000 | PA      | $618714.38    | 0.19%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL SENIOR LIVING REVENUE                   | CUSIP: 140542AD3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    275000 | PA      | $266676.60    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1965639.40   | 0.62%             | 2052-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TXT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500594.25    | 0.16%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                | VENICE FL                                                    | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247805.30    | 0.08%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tulsa Airports Improvement Trust                                                 | TULSA OK MUNI ARPT TRUST TRUSTEES                            | CUSIP: 899661EL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998540.40   | 0.63%             | 2035-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Water & Power Authority - Electric System                         | VIRGIN ISLANDS WTR & PWR AUTH ELEC SYS REVENUE               | CUSIP: 927688FH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54759.30     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE           | CUSIP: 71780CBF6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    505000 | PA      | $489397.97    | 0.15%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Calhoun County Navigation Industrial Development Authority                       | CALHOUN CNTY TX NAVIGATION INDL DEV AUTH FAC REVENUE         | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1395145.58   | 0.44%             | 2026-07-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486G45<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566497.40   | 0.49%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SEV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1740715.14   | 0.55%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505QX7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202820.46    | 0.06%             | 2026-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KKJ3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006254.80   | 0.32%             | 2064-11-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $389514.76    | 0.12%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EA57<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1061217 | PA      | $8489.74      | 0.00%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2599751 | PA      | $2566975.94   | 0.81%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PJH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131782.03    | 0.04%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    397835 | PA      | $373087.84    | 0.12%             | 2033-05-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1928267.80   | 0.61%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CK1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    650000 | PA      | $688509.12    | 0.22%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061ULF3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484407.55    | 0.15%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042599.40   | 0.33%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                          | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491581.90    | 0.15%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH CLG HSG REVENUE           | CUSIP: 13081CAB4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252335.95    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200079.42    | 0.06%             | 2030-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE      | CUSIP: 64578JBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008181.50   | 0.32%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251159.30    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1274481.47   | 0.40%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HLTH CARE & INDEP LIVING FACS REVENUE       | CUSIP: 23226MAH4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    835000 | PA      | $819813.02    | 0.26%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $159587.78    | 0.05%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1240826.63   | 0.39%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                       | DENVER CITY & CNTY CO SPL FACS ARPT REVENUE                  | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2424889.66   | 0.76%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227JX0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    235000 | PA      | $238923.98    | 0.08%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586215.65   | 0.50%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| City of Brooklyn Park MN                                                         | BROOKLYN PK MN CHRT SCH LEASE REVENUE                        | CUSIP: 114224AH1<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |    510000 | PA      | $484807.22    | 0.15%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NBY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $362335.39    | 0.11%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501UL7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    560000 | PA      | $546588.67    | 0.17%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KET0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $905320.33    | 0.28%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE   | CUSIP: 928103AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037003.40   | 0.33%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Muskingum OH                                                           | MUSKINGUM CNTY OH HOSP FACS                                  | CUSIP: 628077CU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $984974.38    | 0.31%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014160.20   | 0.32%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783TF3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    300000 | PA      | $298226.79    | 0.09%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBD9<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    350000 | PA      | $361765.39    | 0.11%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Illinois Economic Development Authority                                  | ESTRN IL ECON DEV AUTH BUSINESS DIST                         | CUSIP: 276519AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988032.30    | 0.31%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Velocity Metropolitan District No 3                                              | VELOCITY MET DIST #3 CO                                      | CUSIP: 92259GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952583.90    | 0.30%             | 2034-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $249053.01    | 0.08%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HVA0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    480000 | PA      | $480693.70    | 0.15%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $185644.76    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178237H5<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80265.47     | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DDQ2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    870000 | PA      | $870955.43    | 0.27%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XMJ7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    310000 | PA      | $314262.62    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1055623.50   | 0.33%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $462674.95    | 0.15%             | 2038-12-01      | Floating      | 2.40%                 | No            |                  2 | On Loan: No      |
| King County Public Hospital District No 4                                        | KING CNTY WA PUBLIC HOSP DIST #4 HOSP REVENUE                | CUSIP: 494796AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39916.02     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    315000 | PA      | $324714.29    | 0.10%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2R2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    700000 | PA      | $681078.16    | 0.21%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031WH2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    195000 | PA      | $191768.15    | 0.06%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WP7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014322.80   | 0.32%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783U87<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494329.05    | 0.16%             | 2029-07-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YAY7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1396493.19   | 0.44%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450FW5<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |    700000 | PA      | $576226.56    | 0.18%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1308000 | PA      | $1102758.71   | 0.35%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Grand Forks ND                                                         | GRAND FORKS CNTY ND                                          | CUSIP: 38543PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $30.00        | 0.00%             | 2031-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $403396.36    | 0.13%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501XB6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    310000 | PA      | $290730.83    | 0.09%             | 2026-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    610000 | PA      | $622714.54    | 0.20%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | KENTUCKY ST MUNI PWR AGY PWR SYS REVENUE                     | CUSIP: 491501EB4<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175650.37    | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399TX4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501310.70    | 0.16%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526QZ39<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    120000 | PA      | $115365.07    | 0.04%             | 2033-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Town of Ramapo NY                                                                | RAMAPO NY                                                    | CUSIP: 7513963D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99917.87     | 0.03%             | 2028-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Huntington Local Development Corp                                                | HUNTINGTON NY LOCAL DEV CORP REVENUE                         | CUSIP: 446490AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $354701.74    | 0.11%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X4J7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249151.90    | 0.08%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE               | CUSIP: 249189DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601844.46    | 0.19%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523880.70    | 0.16%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST             | CUSIP: 93976ACR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2248338.83   | 0.71%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057481.10   | 0.33%             | 2040-12-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 1675012S3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    230000 | PA      | $232855.43    | 0.07%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152D73<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    350000 | PA      | $338003.23    | 0.11%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                           | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                  | CUSIP: 85732GUD0<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203523.48    | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783TG1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    365000 | PA      | $365882.42    | 0.11%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FTK0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $940766.70    | 0.30%             | 2030-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $629944.19    | 0.20%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DXK0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532709.70    | 0.17%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                           | FREDERICK CNTY MD EDUCTNL FACS REVENUE                       | CUSIP: 355697CD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249928.85    | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE           | CUSIP: 97671VCM5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248838.53    | 0.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499170.45    | 0.16%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Ann MO                                                                | ST ANN MO TAX INCREMENT REVENUE                              | CUSIP: 787219AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $216653.94    | 0.07%             | 2030-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $305255.59    | 0.10%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1498623.56   | 0.47%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1984716.31   | 0.62%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                                | SPARKS NV TOURISM IMPT DIST #1 REVENUE                       | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $472539.98    | 0.15%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WY8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1282737.75   | 0.40%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDM6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1307059.26   | 0.41%             | 2031-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Peninsula Town Center Community Development Authority                            | PENINSULA TOWN CENTER VA CMNTY DEV AUTH SPL OBLG             | CUSIP: 70718LAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $323261.32    | 0.10%             | 2028-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                  | DEKALB CNTY GA HSG AUTH MF HSG                               | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1486406.70   | 0.47%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp                                            | BROOKLYN ARENA NY LOCAL DEV CORP PILOT REVENUE               | CUSIP: 113807BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101839.41    | 0.03%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBF4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041074.10   | 0.33%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRY ENV | CUSIP: 25461PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270362 | PA      | $27.04        | 0.00%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042932.50   | 0.33%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JY8<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    940000 | PA      | $1011084.21   | 0.32%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3119947.50   | 0.98%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Collegiate Charter School of Lowell                                              | LOWELL MA COLLEGIATE CHRT SCH REVENUE                        | CUSIP: 547649AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $492652.13    | 0.15%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XH4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2040963.60   | 0.64%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EXEMPT FACS REVENUE                       | CUSIP: 74443QAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981102.80    | 0.31%             | 2030-11-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525VZ7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956670.40    | 0.30%             | 2029-08-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp                                            | BROOKLYN ARENA NY LOCAL DEV CORP PILOT REVENUE               | CUSIP: 113807BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101346.57    | 0.03%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059J56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266623.10    | 0.08%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XW1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047721.80   | 0.64%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV REVENUES                   | CUSIP: 71781XGQ0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25990.11     | 0.01%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1542862.60   | 0.48%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EMC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $236779.90    | 0.07%             | 2034-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790FH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507557.15    | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                   | IRVINE CA UNIF SCH DIST SPL TAX                              | CUSIP: 463612HR5<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112223.98    | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152M65<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99054.89     | 0.03%             | 2031-11-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YTM8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    525000 | PA      | $523626.60    | 0.16%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    460000 | PA      | $474929.53    | 0.15%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTHSOL WST DISP FAC REVENUE        | CUSIP: 54640TAG4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    329665 | PA      | $3.30         | 0.00%             | 2024-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136XD8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    360000 | PA      | $340161.70    | 0.11%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Roanoke County Economic Development Authority                                    | ROANOKE CNTY VA ECON DEV AUTHRSDL CARE FAC REVENUE           | CUSIP: 76982TAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1495164.96   | 0.47%             | 2058-09-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Reno Redevelopment Agency                                                        | RENO NV REDEV AGY TAX ALLOCATION                             | CUSIP: 759853JP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $189191.84    | 0.06%             | 2027-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU | CUSIP: 87638RKE6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    250000 | PA      | $237673.08    | 0.07%             | 2031-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1758210.65   | 0.55%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                      | CUSIP: 084538JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1131000 | PA      | $1182395.35   | 0.37%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $107562.53    | 0.03%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000135.90   | 0.31%             | 2030-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                               | MIAMI-DADE CNTY FL INDL DEV AUTH                             | CUSIP: 59333EDC4<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    315000 | PA      | $309712.50    | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Industrial Development Board                               | MEMPHIS-SHELBY CNTY TN INDL DEV BRD ECON DEV GROWTH ENGINE T | CUSIP: 58611YAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $94851.41     | 0.03%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH                           | CUSIP: 130911C40<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |      1126 | PA      | $1058.42      | 0.00%             | 2022-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Austin Convention Enterprises Inc                                                | AUSTIN CONVENTION ENTERPRISES INC TX CONVENTION CENTER       | CUSIP: 052409EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496904.65    | 0.16%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040230.20   | 0.33%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $746394.19    | 0.23%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SLR5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121242.30   | 0.35%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DVL0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066870.20   | 0.34%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XV3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050951.20   | 0.64%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 12                                     | VLG FL CDD #12 SPL ASSMNT REVENUE                            | CUSIP: 92708FAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $368523.44    | 0.12%             | 2028-05-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RCA5<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526280.30    | 0.17%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                                | MISSION TX ECON DEV CORP REVENUE                             | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2679986.79   | 0.84%             | 2031-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BHK3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    175000 | PA      | $165912.18    | 0.05%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Redtail Ridge Metropolitan District                                              | REDTAIL RIDGE MET DIST CO                                    | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $287559.95    | 0.09%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444457R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536109.50    | 0.17%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | NEVADA DEPT OF BUSINESS & INDUSTRY NV REVENUE                | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1444891.50   | 0.45%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151PM5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    525000 | PA      | $527255.82    | 0.17%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BPQ8<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    335000 | PA      | $335177.45    | 0.11%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060306.40   | 0.33%             | 2032-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628C2X9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    250000 | PA      | $245686.33    | 0.08%             | 2030-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Municipal Power Agency                                         | NTHRN IL MUNI PWR AGY PWR PROJ REVENUE                       | CUSIP: 665250CN4<br>LEI: VWCV6ROJUT9NS55JU583 | Long             | DBT              | MUN               | US        |    330000 | PA      | $336679.63    | 0.11%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                               | ILLINOIS ST MUNI ELEC AGY PWR SPLY                           | CUSIP: 452024HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $787231.99    | 0.25%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                 | CUSIP: 898526EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71735.65     | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CC9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512279.85    | 0.16%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DKF2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    825000 | PA      | $817240.13    | 0.26%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                   | CUSIP: 40065HDH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006659.40   | 0.32%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of St Louis Missouri/The            | SAINT LOUIS MO INDL DEV AUTH FING REVENUE                    | CUSIP: 85236BAA0<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    170000 | PA      | $162648.84    | 0.05%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PD93<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    429664 | PA      | $412333.85    | 0.13%             | 2032-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Coralville IA                                                            | CORALVILLE IA COPS                                           | CUSIP: 218086CH7<br>LEI: 549300UKC7MMW46X6P25 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1028136.14   | 0.32%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505QS8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1320020.72   | 0.41%             | 2032-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Department of Budget & Finance                                   | HAWAII ST DEPT OF BUDGET & FIN SPL PURPOSE REVENUE           | CUSIP: 419800LW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489285.10    | 0.15%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                             | CUSIP: 63608TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246589.68    | 0.08%             | 2032-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                | CUSIP: 2322655H7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    350000 | PA      | $357320.71    | 0.11%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682ZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537097.75    | 0.17%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DS3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009492.40   | 0.32%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP REVENUE             | CUSIP: 762244HH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000560.40   | 0.31%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                        | CUSIP: 74444VAP5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    380000 | PA      | $369629.08    | 0.12%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153AM1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    700000 | PA      | $739744.67    | 0.23%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OK CNTY FIN AUTH CHRT SCH LSE REV                            | CUSIP: 67868WAA7<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    500000 | PA      | $490495.65    | 0.15%             | 2034-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority                                      | ESCAMBIA CNTY FL HLTH FACS AUTH                              | CUSIP: 296110FT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1570138.65   | 0.49%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH                           | CUSIP: 130911A83<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |       394 | PA      | $369.95       | 0.00%             | 2024-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AJR9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510661.15    | 0.16%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VXT6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    435000 | PA      | $420770.98    | 0.13%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396KE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251605.28    | 0.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $976158.89    | 0.31%             | 2029-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EB98<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    460000 | PA      | $419777.37    | 0.13%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                               | CUSIP: 956622K45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152704.28    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502975.20    | 0.16%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CQ5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515668.65    | 0.16%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TWJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $654202.51    | 0.21%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525125.25    | 0.17%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3822524.80   | 1.20%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973296.90    | 0.31%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SK3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509147.00    | 0.16%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBQ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    260000 | PA      | $265229.43    | 0.08%             | 2031-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XCA3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011230.40   | 0.32%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501VF9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1303461.46   | 0.41%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017833.90   | 0.32%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XJ0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1525304.70   | 0.48%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Municipal Finance Agency                                             | PUERTO RICO MUNI FIN AGY                                     | CUSIP: 745277QR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $785220.31    | 0.25%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAK0<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    550000 | PA      | $495999.85    | 0.16%             | 2031-01-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No 2                                                   | STC MET DIST #2 CO                                           | CUSIP: 85780TAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515022.40    | 0.16%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325034.84    | 0.10%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE                  | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6625000 | PA      | $6415135.90   | 2.02%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136WP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3728.63      | 0.00%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519239.75    | 0.16%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501VD4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    490000 | PA      | $459542.29    | 0.14%             | 2026-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452Q1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072219.00   | 0.34%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030292.50   | 0.32%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501XE0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    575000 | PA      | $473153.70    | 0.15%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL                | BIRMINGHAM AL SPL CARE FACS FING AUTH REVENUES               | CUSIP: 091081DQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491066.50    | 0.15%             | 2030-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE      | CUSIP: 64578JBF2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    600000 | PA      | $586296.18    | 0.18%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                   | PALOMAR HLTH CA REVENUE                                      | CUSIP: 697528AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250334.83    | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX STUDENT HSG REV       | CUSIP: 64542RDD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     86992 | PA      | $86992.01     | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395062.92    | 0.12%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                           | M-S-R CA ENERGY AUTH GAS REVENUE                             | CUSIP: 55374SAA8<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    215000 | PA      | $225216.41    | 0.07%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059J49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268338.40    | 0.08%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501VG7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    585000 | PA      | $481382.46    | 0.15%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                         | CLEVELAND-CUYAHOGA CNTY OH PORT AUTH LEASE REVENUE           | CUSIP: 18610RCD4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $492468.70    | 0.15%             | 2034-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050043.70   | 0.33%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SOL WST DISP REVENUE                      | CUSIP: 74445MAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1038464.39   | 0.33%             | 2025-11-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                | CUSIP: 2322655G9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50397.91     | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $13.60        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority                                      | NEW MEMPHIS ARENA PUBLIC BLDG AUTH TN                        | CUSIP: 64704CAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $679612.20    | 0.21%             | 2033-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                   | PALOMAR HLTH CA REVENUE                                      | CUSIP: 697528AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $88243.82     | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Anoka MN                                                                 | ANOKA MN HSG REVENUE                                         | CUSIP: 036327AE4<br>LEI: 549300R336CIYVDY0N47 | Long             | DBT              | MUN               | US        |     60000 | PA      | $58535.30     | 0.02%             | 2027-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XCB1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255481.78    | 0.08%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WH6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929499.50    | 0.29%             | 2041-06-01      | Floating      | 2.60%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE               | CUSIP: 9277817N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $667358.18    | 0.21%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTH SOL WST DISP FAC REVENUE       | CUSIP: 54640TAD1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    521317 | PA      | $5.21         | 0.00%             | 2023-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE               | CUSIP: 745160SG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3068923.80   | 0.96%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TQ71<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50979.17     | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450FZ8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892451.70    | 0.28%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE      | CUSIP: 64578JBC9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1127224.91   | 0.35%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Coralville IA                                                            | CORALVILLE IA COPS                                           | CUSIP: 218086CK0<br>LEI: 549300UKC7MMW46X6P25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941691.80    | 0.30%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7726368.80   | 2.43%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 1675012X2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037062.70   | 0.33%             | 2031-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A4S3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2186089.40   | 0.69%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                        | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE    | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099035.00   | 0.35%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761557.95    | 0.24%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EJ82<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     55000 | PA      | $54521.45     | 0.02%             | 2027-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559132.10   | 0.49%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PFS9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    950000 | PA      | $961088.50    | 0.30%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE          | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2035303.14   | 0.64%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442ELY4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495029.05    | 0.16%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DTH4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971148.70    | 0.31%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CD7<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103360.47    | 0.03%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1944244.26   | 0.61%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SLS3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117037.60   | 0.35%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AQ3<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937765.10    | 0.29%             | 2044-12-01      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246927.15    | 0.08%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority Of The City Of Marietta                                    | MARIETTA GA DEV AUTH                                         | CUSIP: 567656DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250523.43    | 0.08%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091753.20   | 0.34%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Georgia Local Government                                                         | GEORGIA ST LOCAL GOVT COPS                                   | CUSIP: 373271AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $386578.52    | 0.12%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | IOWA ST HGR EDU LOAN AUTH                                    | CUSIP: 4624603K0<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    270000 | PA      | $267745.61    | 0.08%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority Of Floyd County                                            | FLOYD CNTY GA DEV AUTH                                       | CUSIP: 343572AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $204026.97    | 0.06%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Town of Ramapo NY                                                                | RAMAPO NY                                                    | CUSIP: 7513963C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $119813.50    | 0.04%             | 2027-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XJV4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101400.04    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lees Summit Industrial Development Authority                                     | LEES SUMMIT MO INDL DEV AUTH SENIOR LIVING FACS REVENUE      | CUSIP: 524292BE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125125.13    | 0.04%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE | CUSIP: 88256CAS8<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100880.62    | 0.03%             | 2025-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PD28<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243744.53    | 0.08%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RCE7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040511.60   | 0.33%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054041.90   | 0.33%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Convention Enterprises Inc                                                | AUSTIN CONVENTION ENTERPRISES INC TX CONVENTION CENTER       | CUSIP: 052409DQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1188148.80   | 0.37%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1240156.12   | 0.39%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WZ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267903.50   | 0.40%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $412806.91    | 0.13%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                       | DELAWARE VLY PA REGL FIN AUTH                                | CUSIP: 246579ER3<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |    660000 | PA      | $705196.73    | 0.22%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                           | MINNEAPOLIS MN HLTH CARE SYS REVENUE                         | CUSIP: 60374VEA7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018385.70   | 0.32%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                               | PLAZA AT NOAHS ARK CMNTY IMPT DIST MO TAX INCR & IMPT        | CUSIP: 72813LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $462384.00    | 0.15%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP ECON DEV REVENUE                   | CUSIP: 57420NBV2<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    425000 | PA      | $439381.83    | 0.14%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1173626.13   | 0.37%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1816551 | PA      | $1819602.26   | 0.57%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $560586.84    | 0.18%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hoover Industrial Development Board                                              | HOOVER AL INDL DEV BRD ENVNMNTL IMPT REVENUE                 | CUSIP: 439241AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $428899.65    | 0.13%             | 2050-11-01      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1397606.40   | 0.44%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046172.50   | 0.33%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS                                                               | WICHITA KS HLTH CARE FACS REVENUE                            | CUSIP: 967249QS5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |    600000 | PA      | $586771.02    | 0.18%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yonkers Economic Development Corp                                                | YONKERS NY ECON DEV CORP EDUCTNL REVENUE                     | CUSIP: 98608MAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195982.16    | 0.06%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of White County                                            | WHITE CNTY GA DEV AUTH REVENUE                               | CUSIP: 96366FAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $164829.93    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253710.08    | 0.08%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-23

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer