# EDGAR Filing Document

**Accession Number:** 0001723701
**File Stem:** 0001723701-25-000024
**Filing Date:** 2025-6
**Character Count:** 329512
**Document Hash:** 3378104ac483cf0009f112ec53f07d70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001723701-25-000024.hdr.sgml**: 20250617

**ACCESSION NUMBER**: 0001723701-25-000024

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20240930

**FILED AS OF DATE**: 20250617

**DATE AS OF CHANGE**: 20250617

**PERIOD START**: 20241231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Flexible Municipal Income Fund
- **CENTRAL INDEX KEY:** 0001723701

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23314
- **FILM NUMBER:** 251052538

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (844) 337-4626

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Nport-Ex

**PIMCO Flexible Municipal Income Fund**

1633 Broadway

New York, New York 10019

June 17, 2025

**<u>VIA EDGAR</u>**

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Re: PIMCO Flexible Municipal Income Fund Form N-PORT/A

Ladies and Gentlemen:

Enclosed herewith is a Form N-PORT/A filing for the PIMCO Flexible Municipal Income Fund's (the "Fund") September 30, 2024 reporting period. This filing corrects certain information relating to the calculation of "Net Assets Applicable to Common Shareholders" and related percentages of the Fund's investments in securities. No other changes have been made to the filing.

If you have any questions or need any clarification concerning the foregoing or this transmission, please call the undersigned at (949) 720-4776.

Very truly yours,

<u>/s/ Bijal Y. Parikh</u> 

Bijal Y. Parikh

Treasurer (Principal Financial & Accounting Officer)

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 125.3% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.2%**  |  |  |
| **City of Woodland**<br>4.400% due 09/01/2034 « | $14716 | $14032 |
| **Fairbanks Square Affordable Housing**<br>6.070% due 10/01/2030 « | 6055 | 6314 |
| Total Loan Participations and Assignments (Cost $20,405) |  | 20346 |
| **CORPORATE BONDS & NOTES 1.2%**  |  |  |
| **BANKING & FINANCE 1.2%**  |  |  |
| **Benloch Ranch Improvement Association No. 2** <br>10.000% due 12/01/2051 « | 10000 | 9978 |
| **Credit Suisse AG AT1 Claim**  | 3000 | 383 |
| **Reagan Ranch Development LLC** <br>8.500% due 09/01/2031 « | 8500 | 8507 |
| **VM Fund LLC** <br>8.625% due 02/28/2031 « | 1440 | 1447 |
|  |  | 20315 |
| **INDUSTRIALS 0.9%**  |  |  |
| **Toledo Hospital**  |  |  |
| 4.982% due 11/15/2045  | 4375 | 3451 |
| 5.325% due 11/15/2028  | 4850 | 4819 |
| 6.015% due 11/15/2048  | 1400 | 1304 |
| **Toll Road Investors Partnership LP** <br>0.000% due 02/15/2043 (e) | 7701 | 2406 |
| **Wild Rivers Water Park** <br>8.500% due 11/01/2051 | 5300 | 3326 |
|  |  | 15306 |
| Total Corporate Bonds & Notes (Cost $35,311) |  | 35621 |
| **MUNICIPAL BONDS & NOTES 104.7%**  |  |  |
| **ALABAMA 1.9%**  |  |  |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2021** <br>4.000% due 06/01/2051 | 3520 | 3626 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023**  |  |  |
| 5.250% due 12/01/2053  | 2950 | 3241 |
| 5.500% due 06/01/2049  | 3840 | 4156 |
| 5.500% due 10/01/2054  | 5400 | 6025 |
| **Central Etowah County, Alabama Solid Waste Disposal Authority Revenue Bonds, Series 2020** <br>6.000% due 07/01/2045 | 980 | 1030 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.750% due 04/01/2054 | 1900 | 2160 |
| **Lower Alabama Gas District Revenue Bonds, Series 2016** <br>5.000% due 09/01/2046 | 1375 | 1569 |
| **Montgomery Medical Clinic Board, Alabama Revenue Bonds, Series 2016**  |  |  |
| 5.000% due 03/01/2028 ^(c)  | 4350 | 2958 |
| 5.000% due 03/01/2030 ^(c)  | 4305 | 2927 |
| **Selma Industrial Development Board, Alabama Revenue Bonds, Series 2019** <br>2.000% due 11/01/2033 | 500 | 500 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.000% due 01/01/2054 | 3000 | 3233 |
|  |  | 31425 |
| **ALASKA 0.4%**  |  |  |
| **Alaska Industrial Development & Export Authority Revenue Bonds, (NPFGC Insured), Series 2005** <br>0.000% due 03/01/2025 (e) | 1170 | 1146 |
| **Municipality of Anchorage, Alaska Solid Waste Services Revenue Bonds, Series 2022** <br>5.250% due 11/01/2062 | 5450 | 5876 |
|  |  | 7022 |
| **ARIZONA 1.3%**  |  |  |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 01/01/2033 ^(c)  | 500 | 284 |
| 4.500% due 01/01/2039 ^(c)  | 1615 | 808 |
| 4.500% due 01/01/2049  | 1000 | 612 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 01/01/2027 ^(c)  | 555 | 427 |
| 5.000% due 01/01/2028 ^(c)  | 585 | 430 |
| 5.000% due 01/01/2029  | 895 | 777 |
| 5.000% due 01/01/2029 ^(c)  | 615 | 420 |
| 5.000% due 01/01/2030 ^(c)  | 645 | 413 |
| 5.000% due 01/01/2054  | 3000 | 1877 |
| 5.125% due 01/01/2054 ^(c)  | 3000 | 1350 |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2021**  |  |  |
| 5.500% due 07/01/2031 ^(c)  | 325 | 13 |
| 6.000% due 07/01/2051 ^(c)  | 1500 | 60 |
| 7.750% due 01/01/2054 ^(c)  | 1250 | 490 |
| **Chandler Industrial Development Authority, Arizona Revenue Bonds, Series 2019** <br>4.000% due 06/01/2049 | 8800 | 8918 |
| **Industrial Development Authority of the County, Arizona of Pima Revenue Bonds, Series 2020** <br>5.000% due 07/01/2049 | 1500 | 1452 |
| **Maricopa County, Arizona Industrial Development Authority Revenue Bonds, Series 2016** <br>3.500% due 07/01/2026 | 535 | 530 |
| **Salt Verde Financial Corp., Arizona Revenue Bonds, Series 2007** <br>5.000% due 12/01/2037 | 3000 | 3357 |
|  |  | 22218 |
| **ARKANSAS 0.2%**  |  |  |
| **Atlanta Development Authority, Georgia Tax Allocation Bonds, Series 2024** <br>4.750% due 09/01/2049 | 3585 | 3590 |
| **CALIFORNIA 11.8%**  |  |  |
| **Alameda Corridor Transportation Authority, California Revenue Bonds, Series 2022**  |  |  |
| 5.300% due 10/01/2047 (f)  | 4500 | 2715 |
| 5.400% due 10/01/2050 (f)  | 2000 | 1192 |
| **Burbank-Glendale-Pasadena Airport Authority Brick Campaign, California Revenue Bonds, (AGM Insured), Series 2024** <br>4.500% due 07/01/2054 | 5500 | 5581 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2021** <br>4.000% due 02/01/2052 | 3905 | 4029 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023**  |  |  |
| 5.250% due 11/01/2054  | 2000 | 2178 |
| 5.500% due 10/01/2054  | 2500 | 2798 |
| **California Community Housing Agency Revenue Bonds, Series 2022** <br>4.500% due 08/01/2052 | 2500 | 2102 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2020** <br>0.000% due 06/01/2055 (e) | 5200 | 1035 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2020** <br>4.000% due 06/01/2050 | 4000 | 3841 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2024** <br>5.250% due 12/01/2041 | 2750 | 3108 |
| **California Housing Finance Agency Revenue Bonds, Series 2024** <br>5.970% due 11/01/2053 | 5300 | 5393 |
| **California Housing Finance Revenue Bonds, Series 2024**  |  |  |
| 6.000% due 03/01/2053  | 12300 | 12598 |
| 7.000% due 03/01/2053  | 3250 | 3302 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020** <br>8.000% due 01/01/2050 | 12500 | 12874 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 01/01/2061 (e)  | 2920 | 246 |
| 3.850% (MUNIPSA) due 12/01/2050 ~  | 1750 | 1750 |
| 4.000% due 05/01/2051  | 3685 | 3670 |
| **California Municipal Finance Authority Certificates of Participation Bonds, (AGM Insured), Series 2022** <br>5.250% due 11/01/2052 | 2000 | 2172 |
| **California Municipal Finance Authority Revenue Bonds, Series 2018** <br>5.000% due 12/31/2043 | 1000 | 1025 |
| **California Municipal Finance Authority Revenue Bonds, Series 2020** <br>5.000% due 07/01/2052 | 1000 | 969 |
| **California Municipal Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 3.000% due 09/01/2030 (h)  | 2175 | 1992 |
| 3.637% due 07/01/2030  | 1455 | 1357 |
| 4.000% due 11/01/2036  | 3655 | 3542 |
| 4.000% due 09/01/2050 (h)  | 2000 | 1757 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024** <br>6.000% due 01/01/2039 | 7000 | 7454 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2019**  |  |  |
| 6.750% due 12/01/2028 ^(c)  | 3275 | 246 |
| 7.500% due 12/01/2039 ^(c)  | 2451 | 0 |
| **California State General Obligation Bonds, Series 2015** <br>3.875% due 12/01/2030 | 2710 | 2710 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2014** <br>6.000% due 12/01/2024 | 1250 | 1250 |
| **CMFA Special Finance Agency VIII, California Revenue Bonds, Series 2021** <br>4.000% due 08/01/2047 | 2805 | 2525 |
| **CMFA Special Finance Agency, California Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 08/01/2045  | 5455 | 4883 |
| 4.000% due 12/01/2045  | 3500 | 2940 |
| **CSCDA Community Improvement Authority, California Revenue Bonds, Series 2021**  |  |  |
| 3.400% due 10/01/2046  | 790 | 680 |
| 4.000% due 07/01/2056  | 4295 | 3430 |
| 4.000% due 02/01/2057  | 5500 | 4364 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CSCDA** **Community Improvement Authority, California Revenue Bonds, Series 2022**  |  |  |
| 4.300% due 07/01/2059  | 5000 | 4486 |
| 4.750% due 09/01/2062 (f)  | 11000 | 7643 |
| 5.000% due 09/01/2037  | 2495 | 2557 |
| **Firebaugh, California Revenue Bonds, Series 2019** <br>2.050% due 08/01/2029 | 1050 | 954 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 06/01/2066 (e)  | 123645 | 14771 |
| 3.850% due 06/01/2050  | 7080 | 6641 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2022** <br>5.000% due 06/01/2051 | 1900 | 2005 |
| **Inland Empire Tobacco Securitization Corp., California Revenue Bonds, Series 2019** <br>3.678% due 06/01/2038 | 2690 | 2525 |
| **Irvine Facilities Financing Authority, California Special Tax Bonds, (BAM Insured), Series 2023** <br>0.000% due 09/01/2050 (e) | 1250 | 379 |
| **Long Beach, California Senior Airport Revenue Refunding Bonds, (AGM Insured), Series 2022** <br>5.250% due 06/01/2047 | 2000 | 2180 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2020** <br>4.000% due 05/15/2048 | 4000 | 4001 |
| **Rio Hondo Community College District, California General Obligation Bonds, Series 2022** <br>0.000% due 08/01/2046 (e) | 4000 | 1462 |
| **River Islands Public Financing Authority, California Special Tax, Series 2022** <br>5.750% due 09/01/2052 | 3000 | 3147 |
| **Sacramento, California Special Tax Bonds, Series 2021** <br>4.000% due 09/01/2050 | 1000 | 943 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2023** <br>5.250% due 07/01/2058 | 12900 | 13918 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2024** <br>5.000% due 05/01/2035 | 5560 | 6314 |
| **Tobacco Securitization Authority of Northern California Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 06/01/2060 (e)  | 28500 | 4965 |
| 4.000% due 06/01/2049  | 1750 | 1673 |
| **Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019**  |  |  |
| 0.000% due 06/01/2054 (e)  | 1000 | 200 |
| 5.000% due 06/01/2048  | 1265 | 1288 |
|  |  | 193760 |
| **COLORADO 4.0%**  |  |  |
| **Aurora Highlands Community Authority Board, Colorado Revenue Bonds, Series 2021** <br>5.750% due 12/01/2051 | 4000 | 3927 |
| **Bradley Heights Metropolitan District No 2, Colorado General Obligation Bonds, Series 2021** <br>4.750% due 12/01/2051 | 6250 | 5063 |
| **Centerra Metropolitan District No 1, Colorado Tax Allocation Bonds, Series 2017** <br>5.000% due 12/01/2037 | 4500 | 4510 |
| **Clear Creek Transit Metropolitan District No 2, Colorado General Obligation Bonds, Series 2021**  |  |  |
| 5.000% due 12/01/2050  | 700 | 569 |
| 7.900% due 12/15/2050  | 1125 | 1049 |
| **Colorado Bridge & Tunnel Enterprise Revenue Bonds, (AGM Insured), Series 2024** <br>5.250% due 12/01/2049 | 3500 | 3937 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 11/15/2043  | 4410 | 4405 |
| 4.000% due 08/01/2049  | 1000 | 955 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2022** <br>5.500% due 11/01/2047 | 4000 | 4504 |
| **Colorado International Center Metropolitan District No 7, General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 (f) | 6375 | 4091 |
| **Colorado School of Mines Revenue Bonds, Series 2024** <br>5.000% due 12/01/2054 | 3500 | 3800 |
| **Dominion Water & Sanitation District, Colorado Revenue Bonds, Series 2022**  |  |  |
| 5.000% due 12/01/2027  | 2185 | 2224 |
| 5.250% due 12/01/2032  | 3170 | 3308 |
| 5.875% due 12/01/2052  | 9250 | 9543 |
| **Harvest Crossing Metropolitan District No 4, Colorado General Obligation Bonds, Series 2022** <br>7.250% due 12/01/2052 | 2500 | 2529 |
| **Longs Peak Metropolitan District, Colorado General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 | 2500 | 2524 |
| **Reunion Metropolitan District, Colorado Revenue Bonds, Series 2021** <br>3.625% due 12/01/2044 | 5258 | 4048 |
| **Senac South Metropolitan District No 1, Colorado General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 | 2915 | 2704 |
| **Third Creek Metropolitan District No 1, Colorado General Obligation Bonds, Series 2022** <br>4.750% due 12/01/2051 | 1000 | 834 |
| **Transport Metropolitan District No 3, Colorado General Obligation Bonds, Series 2021** <br>5.000% due 12/01/2051 | 500 | 410 |
| **Village Metropolitan District, Colorado General Obligation Bonds, Series 2020** <br>5.000% due 12/01/2040 | 1000 | 1014 |
|  |  | 65948 |
| **DELAWARE 2.0%**  |  |  |
| **Affordable Housing Opportunities Trust, Delaware Revenue Bonds, Series 2022**  |  |  |
| 3.956% due 04/01/2039  | 4655 | 4969 |
| 7.120% due 04/01/2039  | 3785 | 3676 |
| 7.570% due 04/01/2039  | 865 | 877 |
| 8.933% due 04/01/2039  | 21460 | 20923 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Delaware** **State Economic Development Authority Revenue Bonds, Series 2020** <br>1.250% due 10/01/2045 | 2500 | 2434 |
|  |  | 32879 |
| **DISTRICT OF COLUMBIA 1.1%**  |  |  |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2024** <br>5.250% due 10/01/2049 | 10000 | 10921 |
| **Washington Metropolitan Area Transit Authority Dedicated, District of Columbia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 07/15/2054  | 3700 | 4046 |
| 5.000% due 07/15/2056  | 3300 | 3609 |
|  |  | 18576 |
| **FLORIDA 4.3%**  |  |  |
| **Avenir Community Development District, Florida Special Assessment Bonds, Series 2023** <br>5.375% due 05/01/2043 | 3440 | 3545 |
| **Capital Projects Finance Authority, Florida Revenue Bonds, Series 2020**  |  |  |
| 5.000% due 10/01/2030  | 1600 | 1709 |
| 5.000% due 10/01/2031  | 1500 | 1593 |
| 5.000% due 10/01/2032  | 1350 | 1428 |
| **Capital Trust Agency, Inc., Florida Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 07/01/2033 ^(c)  | 500 | 100 |
| 5.000% due 07/01/2043 ^(c)  | 250 | 3 |
| 5.250% due 07/01/2048 ^(c)  | 250 | 3 |
| **Capital Trust Agency, Inc., Florida Revenue Bonds, Series 2020** <br>0.000% due 01/01/2035 (e) | 2580 | 1434 |
| **Capital Trust Agency, Inc., Florida Revenue Bonds, Series 2021** <br>0.000% due 01/01/2061 (e) | 5620 | 448 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2023** <br>6.375% due 06/15/2058 | 3580 | 3789 |
| **Charlotte County Industrial Development Authority, Florida Revenue Bonds, Series 2021** <br>4.000% due 10/01/2041 | 3000 | 2806 |
| **Collier County, Florida Industrial Development Authority Revenue Bonds, (AGM Insured), Series 2024** <br>5.000% due 10/01/2054 | 2500 | 2704 |
| **Crosswinds East Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.500% due 05/01/2044 | 1000 | 1035 |
| **Florida Department of Transportation Turnpike System State Revenue Bonds, Series 2024** <br>4.000% due 07/01/2051 | 6500 | 6429 |
| **Greater Orlando Aviation Authority, Florida Revenue Bonds, Series 2015** <br>5.000% due 10/01/2040 | 5000 | 5047 |
| **Hamilton Bluff Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.800% due 05/01/2054 | 1000 | 1024 |
| **Hernando County, Florida Revenue Bonds, Series 2022** <br>5.250% due 06/01/2052 | 2000 | 2160 |
| **JEA Electric System, Florida Revenue Bonds, Series 2024** <br>5.000% due 10/01/2034 (b) | 4500 | 5262 |
| **Lakewood Ranch Stewardship District, Florida Special Assessment Bonds, Series 2016** <br>5.125% due 05/01/2046 | 5000 | 5030 |
| **Lee County, Florida Airport Revenue Bonds, Series 2024** <br>5.250% due 10/01/2049 (b) | 2500 | 2727 |
| **Miami-Dade County, Florida Aviation Revenue Bonds, Series 2024** <br>5.000% due 10/01/2036 | 7500 | 8270 |
| **Midtown Miami Community Development District, Florida Special Assessment Bonds, Series 2014** <br>5.000% due 05/01/2029 | 1500 | 1501 |
| **Orange County, Florida Health Facilities Authority Revenue Bonds, Series 2024** <br>5.000% due 08/01/2047 | 1090 | 1161 |
| **Osceola County, Florida Transportation Revenue Bonds, Series 2020** <br>0.000% due 10/01/2035 (e) | 1250 | 806 |
| **Palm Beach County, Florida Revenue Bonds, Series 2021** <br>5.000% due 06/01/2057 | 500 | 469 |
| **Polk County, Florida Industrial Development Authority Revenue Bonds, Series 2020** <br>5.875% due 01/01/2033 | 2025 | 1830 |
| **St Johns County, Florida Industrial Development Authority Revenue Bonds, Series 2021** <br>4.000% due 12/15/2036 | 1000 | 938 |
| **Tampa, Florida Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 09/01/2042 (e)  | 1000 | 456 |
| 0.000% due 09/01/2045 (e)  | 1850 | 719 |
| **Village Community Development District No 15, Florida Special Assessment Bonds, Series 2024** <br>4.200% due 05/01/2039 (b) | 1500 | 1520 |
| **Village Community Development District No. 15, Florida Special Assessment Bonds, Series 2023**  |  |  |
| 4.250% due 05/01/2028  | 500 | 508 |
| 5.250% due 05/01/2054  | 3500 | 3653 |
|  |  | 70107 |
| **GEORGIA 4.7%**  |  |  |
| **Atlanta Department of Aviation, Georgia Revenue Bonds, Series 2019** <br>4.000% due 07/01/2036 | 3000 | 3014 |
| **Atlanta Development Authority, Georgia Revenue Bonds, Series 2017** <br>7.000% due 01/01/2040 ^(c) | 400 | 180 |
| **Atlanta Development Authority, Georgia Revenue Bonds, Series 2024** <br>6.500% due 12/15/2048 (f) | 5200 | 4423 |
| **Atlanta Development Authority, Georgia Tax Allocation Bonds, Series 2024** <br>5.000% due 04/01/2034 | 700 | 722 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bartow** **County, Georgia Development Authority Revenue Bonds, Series 1997** <br>1.800% due 09/01/2029 | 2800 | 2470 |
| **Burke County, Georgia Development Authority Revenue Bonds, Series 2017** <br>4.125% due 11/01/2045 | 5000 | 4854 |
| **Columbia County Hospital Authority, Georgia Revenue Bonds, Series 2023** <br>5.125% due 04/01/2053 | 4360 | 4723 |
| **Development Authority of Monroe County, Georgia Revenue Bonds, Series 2013** <br>1.500% due 01/01/2039 | 1000 | 987 |
| **Fulton County, Georgia Residential Care Facilities for the Elderly Authority Revenue Bonds, Series 2021** <br>4.000% due 04/01/2056 | 2000 | 1707 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2021** <br>4.000% due 07/01/2052 | 3500 | 3544 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 09/01/2052  | 6350 | 6474 |
| 5.000% due 12/01/2052  | 15500 | 16402 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023** <br>5.000% due 12/01/2053 | 7600 | 8281 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2019** <br>5.000% due 01/01/2049 | 6000 | 6198 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2022** <br>4.500% due 07/01/2063 | 8000 | 8107 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2023** <br>5.500% due 07/01/2064 | 2000 | 2145 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 01/01/2037 (b)  | 2000 | 2271 |
| 5.000% due 01/01/2039 (b)  | 1000 | 1126 |
|  |  | 77628 |
| **GUAM 0.1%**  |  |  |
| **Guam Department of Education Certificates of Participation Bonds, Series 2020** <br>4.250% due 02/01/2030 | 1500 | 1492 |
| **IDAHO 0.3%**  |  |  |
| **Idaho Housing & Finance Association Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>4.600% due 01/01/2049 | 2485 | 2521 |
| **Spring Valley Community Infrastructure District No 1, Idaho Special Assessment Bonds, Series 2021** <br>3.750% due 09/01/2051 | 2000 | 1931 |
|  |  | 4452 |
| **ILLINOIS 6.5%**  |  |  |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2017** <br>5.000% due 01/01/2052 | 1000 | 1020 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2022**  |  |  |
| 5.250% due 01/01/2056  | 1000 | 1072 |
| 5.500% due 01/01/2055  | 12000 | 13088 |
| **Chicago, Illinois Certificates of Participation Bonds, Series 2016** <br>5.000% due 03/15/2034 | 1664 | 1664 |
| **Gilberts Special Service Area No 25, Illinois Special Tax Bonds, Series 2018** <br>6.000% due 03/01/2048 | 4960 | 4977 |
| **Illinois Finance Authority Revenue Bonds, Series 2017** <br>5.125% due 02/15/2045 ^(c) | 250 | 58 |
| **Illinois Finance Authority Revenue Bonds, Series 2019** <br>5.000% due 11/01/2035 ^(c) | 2100 | 1484 |
| **Illinois Finance Authority Revenue Bonds, Series 2020**  |  |  |
| 3.510% due 05/15/2041  | 2070 | 1707 |
| 3.550% due 08/15/2049  | 7700 | 7700 |
| 4.000% due 08/15/2039  | 5370 | 5407 |
| 4.000% due 08/15/2040  | 3500 | 3505 |
| **Illinois Sales Tax State Revenue Bonds, Series 2021** <br>5.000% due 06/15/2031 | 2000 | 2222 |
| **Illinois State General Obligation Bonds, Series 2020**  |  |  |
| 4.000% due 10/01/2034  | 3400 | 3477 |
| 5.500% due 05/01/2030  | 4500 | 4925 |
| **Illinois State General Obligation Bonds, Series 2023** <br>5.000% due 12/01/2043 | 11000 | 11978 |
| **Illinois State General Obligation Bonds, Series 2024**  |  |  |
| 5.000% due 02/01/2036 (b)  | 8670 | 9850 |
| 5.000% due 05/01/2037  | 2900 | 3266 |
| 5.000% due 02/01/2039 (b)  | 5000 | 5595 |
| 5.000% due 05/01/2041  | 8000 | 8843 |
| 5.250% due 05/01/2044  | 6000 | 6663 |
| **Illinois State Revenue Bonds, Series 2013** <br>5.000% due 06/15/2026 | 3215 | 3220 |
| **Metropolitan Pier & Exposition Authority, Illinois Revenue Bonds, (NPFGC Insured), Series 2002** <br>0.000% due 12/15/2037 (e) | 2000 | 1219 |
| **Sales Tax Securitization Corp., Illinois Revenue Bonds, Series 2018** <br>4.000% due 01/01/2048 | 1850 | 1797 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Sales** **Tax Securitization Corp., Illinois Revenue Bonds, Series 2020** <br>5.000% due 01/01/2029 | 1500 | 1637 |
|  |  | 106374 |
| **INDIANA 2.8%**  |  |  |
| **Indiana Finance Authority Revenue Bonds, Series 2012**  |  |  |
| 3.000% due 11/01/2030  | 5600 | 5449 |
| 4.250% due 11/01/2030  | 7250 | 7613 |
| **Indiana Finance Authority Revenue Bonds, Series 2019** <br>7.000% due 03/01/2039 | 10490 | 5202 |
| **Indiana Finance Authority Revenue Bonds, Series 2021** <br>1.400% due 08/01/2029 | 2000 | 1788 |
| **Indiana Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 07/01/2054 | 1000 | 1039 |
| **Indiana Housing & Community Development Authority Revenue Bonds, Series 2016** <br>6.250% due 07/01/2056 | 3000 | 3000 |
| **Indianapolis Local Public Improvement Bond Bank, Indiana Revenue Bonds, Series 2023** <br>6.125% due 03/01/2057 | 3335 | 3713 |
| **Indianapolis, Indiana Revenue Bonds, Series 2016** <br>6.250% due 07/01/2056 | 3000 | 3008 |
| **Mount Vernon, Indiana Revenue Bonds, Series 2015** <br>4.250% due 09/01/2055 | 1150 | 1176 |
| **Warrick County, Indiana Revenue Bonds, Series 2015** <br>4.250% due 09/01/2055 | 1000 | 1022 |
| **Whiting, Indiana Revenue Bonds, Series 2016** <br>4.400% due 03/01/2046 | 12500 | 12830 |
|  |  | 45840 |
| **IOWA 0.6%**  |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2022** <br>4.000% due 12/01/2050 | 1200 | 1319 |
| **Iowa Finance Authority Revenue Bonds, Series 2022** <br>8.000% due 01/01/2042 | 5640 | 5603 |
| **Iowa Tobacco Settlement Authority Revenue Bonds, Series 2021** <br>0.000% due 06/01/2065 (e) | 15000 | 2436 |
|  |  | 9358 |
| **KANSAS 0.2%**  |  |  |
| **Colby, Kansas Revenue Bonds, Series 2024** <br>5.500% due 07/01/2026 | 3300 | 3328 |
| **KENTUCKY 0.6%**  |  |  |
| **Kentucky Economic Development Finance Authority Revenue Bonds, Series 2016** <br>6.000% due 11/15/2036 | 685 | 587 |
| **Kentucky Economic Development Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 4.250% due 07/01/2031  | 1380 | 1285 |
| 5.000% due 07/01/2050  | 4000 | 3319 |
| **Kentucky Public Energy Authority Revenue Bonds, Series 2022** <br>4.443% (SOFRRATE) due 08/01/2052 ~ | 3900 | 3910 |
| **Kentucky State Property & Building Commission Revenue Bonds, Series 2019** <br>4.000% due 11/01/2034 | 1250 | 1275 |
|  |  | 10376 |
| **LOUISIANA 1.1%**  |  |  |
| **Louisiana Housing Corp. Revenue Bonds, Series 2009** <br>3.250% due 05/01/2044 (h) | 7285 | 7285 |
| **Louisiana Public Facilities Authority Revenue Bonds, Series 2017** <br>5.250% due 10/01/2029 | 305 | 334 |
| **Louisiana Public Facilities Authority Revenue Bonds, Series 2023** <br>5.000% due 07/01/2042 | 2565 | 2854 |
| **Parish of St James, Louisiana Revenue Bonds, Series 2010** <br>6.350% due 10/01/2040 | 2200 | 2449 |
| **Parish of St James, Louisiana Revenue Bonds, Series 2011** <br>5.850% due 08/01/2041 | 2500 | 2534 |
| **Plaquemines Port Harbor & Terminal District, Louisiana Revenue Bonds, Series 2024** <br>9.000% due 12/01/2044 | 2500 | 2587 |
|  |  | 18043 |
| **MARYLAND 0.4%**  |  |  |
| **Maryland Economic Development Corp. Tax Allocation Bonds, Series 2020** <br>4.000% due 09/01/2050 | 2500 | 2216 |
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2020** <br>3.052% due 07/01/2040 | 2500 | 1979 |
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2021**  |  |  |
| 3.762% due 01/01/2043  | 2000 | 1516 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.000% due 06/01/2036  | 200 | 199 |
|  |  | 5910 |
| **MASSACHUSETTS 0.8%**  |  |  |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2008** <br>3.950% due 10/01/2042 | 5000 | 5000 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2018** <br>5.000% due 07/01/2048 | 6000 | 6179 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 07/01/2046  | 1000 | 952 |
| 5.000% due 07/01/2030  | 150 | 165 |
| 5.000% due 07/01/2032  | 250 | 277 |
|  |  | 12573 |
| **MICHIGAN 2.0%**  |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014** <br>4.000% due 04/01/2044 | 10191 | 8137 |
| **Detroit, Michigan General Obligation Bonds, Series 2023**  |  |  |
| 5.250% due 05/01/2025  | 1750 | 1767 |
| 6.000% due 05/01/2039  | 1400 | 1641 |
| **Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006** <br>4.347% (TSFR3M) due 07/01/2032 ~ | 2930 | 2871 |
| **Michigan Finance Authority Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2045 (e)  | 5000 | 1317 |
| 0.000% due 06/01/2065 (e)  | 30650 | 3609 |
| 5.000% due 06/01/2040  | 4895 | 5204 |
| **Michigan Finance Authority Revenue Bonds, Series 2021** <br>5.000% due 05/01/2046 | 1100 | 920 |
| **Michigan Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 4.125% due 02/29/2044  | 700 | 696 |
| 5.250% due 02/28/2043  | 1375 | 1520 |
| **Michigan Tobacco Settlement Finance Authority Revenue Bonds, Series 2008** <br>0.000% due 06/01/2046 (e) | 38000 | 5348 |
|  |  | 33030 |
| **MINNESOTA 0.4%**  |  |  |
| **Minneapolis-St Paul Metropolitan Airports Commission, Minnesota Revenue Bonds, Series 2022**  |  |  |
| 5.000% due 01/01/2034  | 1000 | 1094 |
| 5.000% due 01/01/2036  | 1900 | 2065 |
| **Minnesota Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 01/01/2055 | 1700 | 1945 |
| **St Cloud, Minnesota Revenue Bonds, Series 2024** <br>5.000% due 05/01/2054 (b) | 1250 | 1355 |
|  |  | 6459 |
| **MISSOURI 0.2%**  |  |  |
| **Cape Girardeau County, Missouri Industrial Development Authority Revenue Bonds, Series 2021** <br>4.000% due 03/01/2046 | 1400 | 1369 |
| **Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2019** <br>4.000% due 02/15/2044 | 2200 | 2200 |
|  |  | 3569 |
| **MULTI-STATE 2.3%**  |  |  |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 4.033% due 12/25/2036  | 8994 | 9247 |
| 4.142% due 01/25/2040  | 7907 | 8158 |
| 4.549% due 08/25/2040  | 10550 | 11183 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024** <br>4.616% due 08/25/2041 ~ | 6893 | 7423 |
| **Freddie Mac Multifamily Variable Rate Certificate, Revenue Bonds, Series 2022** <br>3.125% due 09/25/2036 | 1938 | 1804 |
|  |  | 37815 |
| **NEVADA 0.4%**  |  |  |
| **Las Vegas, Nevada Revenue Bonds, Series 2016** <br>4.375% due 06/15/2035 | 2805 | 2790 |
| **Reno, Nevada Revenue Bonds, Series 2018** <br>0.000% due 07/01/2058 (e) | 25500 | 3769 |
|  |  | 6559 |
| **NEW HAMPSHIRE 1.5%**  |  |  |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2022** <br>4.000% due 12/01/2028 | 4050 | 4122 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2023**  |  |  |
| 4.837% due 07/20/2036  | 8493 | 8717 |
| 5.087% due 07/20/2027  | 5329 | 5487 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2024** <br>0.595% due 08/20/2039 (a) | 7884 | 335 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New** **Hampshire Housing Finance Authority Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.500% due 07/01/2055 | 5400 | 6239 |
|  |  | 24900 |
| **NEW JERSEY 1.2%**  |  |  |
| **Atlantic City, New Jersey General Obligation Bonds, Series 2015** <br>6.375% due 03/01/2030 | 825 | 835 |
| **New Jersey Economic Development Authority Revenue Bonds, Series 2021** <br>4.000% due 06/15/2040 | 1000 | 1012 |
| **New Jersey Economic Development Authority Revenue Bonds, Series 2022** <br>5.000% due 11/01/2036 | 2500 | 2829 |
| **New Jersey Economic Development Authority Special Assessment Bonds, Series 2002** <br>5.750% due 04/01/2031 | 5000 | 5148 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2010** <br>0.000% due 12/15/2032 (e) | 2000 | 1518 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2023** <br>5.000% due 06/15/2043 | 2500 | 2776 |
| **Tobacco Settlement Financing Corp., New Jersey Revenue Bonds, Series 2018** <br>5.000% due 06/01/2046 | 2655 | 2679 |
| **Union County, New Jersey Improvement Authority Revenue Bonds, Series 2021** <br>8.500% due 06/01/2041 | 5000 | 3552 |
|  |  | 20349 |
| **NEW MEXICO 0.5%**  |  |  |
| **Farmington, New Mexico Revenue Bonds, Series 2005** <br>1.800% due 04/01/2029 | 8440 | 7764 |
| **NEW YORK 9.8%**  |  |  |
| **Build NYC Resource Corp., New York Revenue Bonds, Series 2018** <br>5.625% due 12/01/2050 | 7035 | 6550 |
| **Build NYC Resource Corp., New York Revenue Bonds, Series 2022** <br>5.000% due 06/01/2032 | 200 | 214 |
| **Freddie Mac Structured Pass-Through Certificates, Revenue Bonds, Series 2024** <br>4.683% due 10/25/2040 | 6287 | 6851 |
| **Long Island Power Authority, New York Revenue Bonds, Series 2021** <br>1.500% due 09/01/2051 | 2560 | 2462 |
| **Monroe County, New York Industrial Development Agency Revenue Bonds, (FNMA Insured),Series 2023** <br>4.720% due 01/01/2044 | 1800 | 1892 |
| **New York City Industrial Development Agency Revenue Bonds, (FGIC Insured), Series 2006** <br>3.775% due 03/01/2026 | 3000 | 3009 |
| **New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2021** <br>4.000% due 08/01/2039 | 1000 | 1036 |
| **New York City Water & Sewer System, New York Revenue Bonds, Series 2013** <br>4.050% due 06/15/2050 | 18760 | 18760 |
| **New York City, New York General Obligation Bonds, Series 2012** <br>4.150% due 04/01/2042 | 5000 | 5000 |
| **New York City, New York Health and Hospitals Corp. Revenue Bonds, Series 2008** <br>3.100% due 02/15/2031 | 11050 | 11050 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2023**  |  |  |
| 5.250% due 06/15/2048  | 3200 | 3596 |
| 5.250% due 06/15/2053  | 4400 | 4901 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2023** <br>5.250% due 05/01/2048 | 5000 | 5575 |
| **New York County, New York Tobacco Trust Revenue Bonds, Series 2005**  |  |  |
| 0.000% due 06/01/2055 (e)  | 26000 | 2395 |
| 0.000% due 06/01/2060 (e)  | 90000 | 4284 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2014**  |  |  |
| 5.000% due 11/15/2044  | 12000 | 12008 |
| 5.375% due 11/15/2040  | 4500 | 4505 |
| **New York State Dormitory Authority Revenue Bonds, Series 2024** <br>4.000% due 03/15/2054 | 4250 | 4112 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 03/15/2037  | 5800 | 6757 |
| 5.000% due 03/15/2053  | 1000 | 1091 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2023** <br>5.125% due 06/30/2060 | 5000 | 5226 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2024** <br>5.000% due 06/30/2054 | 2250 | 2355 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 01/01/2025  | 2000 | 2006 |
| 5.000% due 01/01/2027  | 5000 | 5153 |
| 5.000% due 01/01/2036  | 500 | 515 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 10/01/2030  | 8000 | 8078 |
| 5.250% due 08/01/2031  | 2115 | 2266 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2021** <br>2.250% due 08/01/2026 | 1325 | 1292 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2023** <br>6.000% due 04/01/2035 | 3400 | 3848 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 06/30/2060  | 2500 | 2569 |
| 5.250% due 06/30/2044  | 6000 | 6472 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Port** **Authority of New York & New Jersey Revenue Bonds, Series 2022** <br>5.500% due 08/01/2052 | 2000 | 2196 |
| **Suffolk Tobacco Asset Securitization Corp., New York Revenue Bonds, Series 2021** <br>0.000% due 06/01/2066 (e) | 62170 | 6696 |
| **Syracuse Industrial Development Agency, New York Revenue Bonds, (SGI Insured), Series 2007** <br>5.693% due 01/01/2028 | 6035 | 5711 |
| **Yonkers Economic Development Corp., New York Revenue Bonds, Series 2019** <br>5.000% due 10/15/2054 | 930 | 934 |
|  |  | 161365 |
| **NORTH CAROLINA 4.5%**  |  |  |
| **Charlotte-Mecklenburg Hospital Authority, North Carolina Revenue Bonds, Series 2007** <br>4.000% due 01/15/2038 | 7345 | 7345 |
| **North Carolina Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024**  |  |  |
| 6.250% due 01/01/2055  | 1800 | 2054 |
| 6.250% due 07/01/2055 (b)  | 3300 | 3724 |
| **North Carolina Medical Care Commission Revenue Bonds, Series 2004** <br>3.200% due 11/01/2034 | 54200 | 54200 |
| **Raleigh Durham Airport Authority, North Carolina Revenue Bonds, Series 2008** <br>3.110% due 05/01/2036 | 7530 | 7530 |
|  |  | 74853 |
| **NORTH DAKOTA 0.0%**  |  |  |
| **Grand Forks County, North Dakota Revenue Bonds, Series 2021**  |  |  |
| 6.625% due 12/15/2031 ^(c)  | 1500 | 0 |
| 7.000% due 12/15/2043 ^(c)  | 1000 | 0 |
|  |  | 0 |
| **OHIO 4.8%**  |  |  |
| **Adams County, Ohio Revenue Bonds, Series 2019** <br>6.900% due 10/01/2049 | 2440 | 2440 |
| **Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2057 (e)  | 100765 | 9618 |
| 5.000% due 06/01/2055  | 5000 | 4712 |
| **Cleveland-Cuyahoga County, Ohio Port Authority Tax Allocation Bonds, Series 2021** <br>4.000% due 12/01/2055 | 970 | 835 |
| **Cuyahoga County, Ohio Revenue Bonds, Series 2017** <br>5.000% due 02/15/2057 | 2705 | 2734 |
| **Franklin County, Ohio Convention Facilities Authority Revenue Bonds, Series 2019** <br>5.000% due 12/01/2044 | 1000 | 1008 |
| **Franklin County, Ohio Revenue Bonds, Series 2022** <br>4.050% due 11/01/2042 | 9500 | 9500 |
| **Geisinger Authority, Ohio Revenue Bonds, Series 2017** <br>4.000% due 02/15/2047 | 13000 | 12802 |
| **Kent State University, Ohio Revenue Bonds, Series 2022** <br>5.000% due 05/01/2034 | 1425 | 1640 |
| **Montgomery County, Ohio Revenue Bonds, Series 2018** <br>6.250% due 04/01/2049 ^(c) | 2559 | 179 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2005** <br>2.100% due 04/01/2028 | 1000 | 1000 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2014** <br>2.400% due 12/01/2038 | 1000 | 946 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2015** <br>4.250% due 11/01/2040 | 2000 | 2054 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 13350 | 13360 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2022** <br>4.250% due 11/01/2039 | 5045 | 5139 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 03/01/2055 | 1600 | 1800 |
| **Ohio State University Revenue Bonds, Series 2023** <br>3.200% due 12/01/2034 | 10000 | 10000 |
|  |  | 79767 |
| **OKLAHOMA 0.4%**  |  |  |
| **Oklahoma Development Finance Authority Revenue Bonds, Series 2019** <br>4.000% due 08/01/2036 | 1230 | 1198 |
| **Oklahoma Development Finance Authority Revenue Bonds, Series 2021** <br>8.000% due 12/01/2041 | 6000 | 5079 |
|  |  | 6277 |
| **OREGON 0.1%**  |  |  |
| **Clackamas County, Oregon Hospital Facility Authority Revenue Bonds, Series 2018** <br>5.000% due 05/15/2052 | 355 | 344 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Clackamas** **County, Oregon Hospital Facility Authority Revenue Bonds, Series 2020** <br>5.375% due 11/15/2055 | 750 | 756 |
|  |  | 1100 |
| **PENNSYLVANIA 4.7%**  |  |  |
| **Allegheny County, Pennsylvania Sanitary Authority Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 12/01/2044 (b)  | 2000 | 2001 |
| 5.000% due 12/01/2049 (b)  | 1250 | 1359 |
| **Berks County, Pennsylvania Municipal Authority Revenue Bonds, Series 2024**  |  |  |
| 6.000% due 06/30/2034  | 770 | 837 |
| 7.000% due 06/30/2039  | 10325 | 9411 |
| 8.000% due 06/30/2034  | 1539 | 1573 |
| **Blythe Township Solid Waste Authority, Pennsylvania Revenue Bonds, Series 2017** <br>7.750% due 12/01/2037 | 1805 | 2021 |
| **Commonwealth Financing Authority, Pennsylvania Revenue Bonds, (AGM Insured), Series 2018** <br>4.000% due 06/01/2039 | 1000 | 1008 |
| **Geisinger Authority, Pennsylvania Revenue Bonds, Series 2020** <br>4.000% due 04/01/2050 | 7000 | 6778 |
| **Lehigh County, Pennsylvania Revenue Bonds, Series 2019** <br>4.250% (MUNIPSA) due 08/15/2038 ~(h) | 2855 | 2836 |
| **Luzerne County, Pennsylvania Industrial Development Authority Revenue Bonds, Series 2019** <br>2.450% due 12/01/2039 | 2000 | 1836 |
| **Mercer County, Pennsylvania Industrial Development Authority Revenue Bonds, Series 2020** <br>6.125% due 10/01/2050 | 2220 | 1666 |
| **Montgomery County Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2023** <br>4.450% due 10/01/2034 | 5000 | 5149 |
| **Montgomery County, Pennsylvania Higher Education & Health Authority Revenue Bonds, Series 2022** <br>4.000% due 05/01/2039 | 1375 | 1385 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, (AGM Insured), Series 2022**  |  |  |
| 5.000% due 12/31/2057  | 2400 | 2527 |
| 5.750% due 12/31/2062  | 2000 | 2257 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2009** <br>5.250% due 12/01/2038 | 2000 | 2038 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2015**  |  |  |
| 5.000% due 12/31/2030  | 6695 | 6856 |
| 5.000% due 12/31/2038  | 1150 | 1169 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2019** <br>3.000% due 04/01/2039 | 3000 | 2691 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2021** <br>9.000% due 04/01/2051 | 5000 | 5762 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022**  |  |  |
| 5.250% due 06/30/2053  | 500 | 529 |
| 5.500% due 06/30/2040  | 5000 | 5565 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2023** <br>5.000% due 07/01/2042 | 2000 | 2143 |
| **Pennsylvania Housing Finance Agency Revenue Bonds, Series 2024**  |  |  |
| 6.000% due 10/01/2054  | 2100 | 2334 |
| 6.250% due 10/01/2054  | 1100 | 1239 |
| **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 1500 | 1477 |
| **Philadelphia Authority for Industrial Development, Pennsylvania Revenue Bonds, Series 2017** <br>5.500% due 12/01/2058 | 2500 | 2477 |
|  |  | 76924 |
| **PUERTO RICO 8.3%**  |  |  |
| **Children's Trust Fund, Puerto Rico Revenue Bonds, Series 2008** <br>0.000% due 05/15/2057 (e) | 87500 | 6079 |
| **Commonwealth of Puerto Rico Bonds, Series 2022**  |  |  |
| 0.000% due 11/01/2043  | 10363 | 6684 |
| 0.000% due 11/01/2051  | 49552 | 32457 |
| **Commonwealth of Puerto Rico General Obligation Bonds, Series 2021** <br>5.625% due 07/01/2027 | 2758 | 2881 |
| **GDB Debt Recovery Authority of Puerto Rico Revenue Bonds, Series 2018** <br>7.500% due 08/20/2040 | 17969 | 17519 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2010**  |  |  |
| 5.250% due 07/01/2026 ^(c)  | 10600 | 4478 |
| 5.250% due 07/01/2030 ^(c)  | 300 | 127 |
| 5.250% due 07/01/2040 ^(c)  | 3000 | 1268 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2012** <br>5.000% due 07/01/2029 ^(c) | 3500 | 1479 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2046 (e)  | 71410 | 24236 |
| 0.000% due 07/01/2051 (e)  | 95339 | 23514 |
| 4.750% due 07/01/2053  | 6250 | 6269 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019**  |  |  |
| 4.329% due 07/01/2040  | 3000 | 2999 |
| 4.550% due 07/01/2040  | 4493 | 4518 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.784% due 07/01/2058  | 1880 | 1885 |
|  |  | 136393 |
| **RHODE ISLAND 1.0%**  |  |  |
| **Rhode Island Health & Educational Building Corp. Revenue Bonds, Series 2024** <br>5.250% due 05/15/2049 | 3650 | 3969 |
| **Tobacco Settlement Financing Corp., Rhode Island Revenue Bonds, Series 2007** <br>0.000% due 06/01/2052 (e) | 1700 | 314 |
| **Tobacco Settlement Financing Corp., Rhode Island Revenue Bonds, Series 2015**  |  |  |
| 4.500% due 06/01/2045  | 2505 | 2515 |
| 5.000% due 06/01/2050  | 10000 | 10036 |
|  |  | 16834 |
| **SOUTH CAROLINA 0.4%**  |  |  |
| **Patriots Energy Group Financing Agency, South Carolina Revenue Bonds, Series 2023** <br>5.250% due 02/01/2054 | 3100 | 3410 |
| **South Carolina Jobs-Economic Development Authority Revenue Bonds, Series 2021** <br>6.500% due 06/01/2051 | 500 | 75 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2024** <br>5.500% due 12/01/2054 | 3000 | 3380 |
|  |  | 6865 |
| **TENNESSEE 2.7%**  |  |  |
| **Bristol Industrial Development Board, Tennessee Revenue Bonds, Series 2016** <br>0.000% due 12/01/2024 (e) | 3000 | 2977 |
| **Chattanooga Health Educational & Housing Facility Board, Tennessee Revenue Bonds, Series 2024** <br>5.250% due 12/01/2049 | 1200 | 1325 |
| **Memphis-Shelby County, Tennessee Industrial Development Board Tax Allocation Bonds, Series 2017**  |  |  |
| 5.500% due 07/01/2037  | 1420 | 1090 |
| 5.625% due 01/01/2046  | 1900 | 1327 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, Series 2023** <br>4.875% due 10/01/2038 | 4985 | 5232 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, Series 2024**  |  |  |
| 3.250% due 10/01/2045 (b)  | 5300 | 5299 |
| 3.250% due 10/01/2046 (b)  | 4400 | 4399 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Industrial Development Board Special Assessment Bonds, Series 2021** <br>0.000% due 06/01/2043 (e) | 2000 | 835 |
| **Tennergy Corp., Tennessee Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 10185 | 10366 |
| **Tennergy Corp., Tennessee Revenue Bonds, Series 2022** <br>5.500% due 10/01/2053 | 5750 | 6276 |
| **Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2021** <br>5.000% due 05/01/2052 | 5000 | 5424 |
|  |  | 44550 |
| **TEXAS 8.0%**  |  |  |
| **Angelina & Neches River Authority, Texas Revenue Bonds, Series 2021**  |  |  |
| 7.500% due 12/01/2045  | 2675 | 1852 |
| 12.000% due 12/01/2045  | 9000 | 8076 |
| **Arlington Higher Education Finance Corp., Texas Revenue Bonds, (PSF Insured), Series 2024** <br>4.125% due 08/15/2049 (b) | 1600 | 1584 |
| **Barbers Hill Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.250% due 02/15/2054 | 2000 | 2022 |
| **Brazoria County, Texas Industrial Development Corp. Revenue Bonds, Series 2019**  |  |  |
| 7.000% due 03/01/2039 ^(c)  | 965 | 868 |
| 9.000% due 03/01/2039 ^(c)  | 2390 | 2151 |
| **Brazoria County, Texas Industrial Development Corp. Revenue Bonds, Series 2022** <br>10.000% due 06/01/2042 | 3000 | 3025 |
| **Brazoria County, Texas Industrial Development Corp. Revenue Bonds, Series 2023** <br>12.000% due 06/01/2043 | 7000 | 7167 |
| **Calhoun County, Texas Navigation Industrial Development Authority Revenue Bonds, Series 2021**  |  |  |
| 3.625% due 07/01/2026  | 2250 | 1927 |
| 6.500% due 07/01/2026  | 2750 | 2688 |
| **Canutillo Independent School District, Texas General Obligation Bonds, (PSF Insured), Series2024** <br>5.250% due 02/15/2054 | 2400 | 2675 |
| **Central Texas Turnpike System Revenue Bonds, Series 2015** <br>5.000% due 08/15/2042 | 1000 | 1001 |
| **Central Texas Turnpike System Revenue Bonds, Series 2024** <br>5.000% due 08/15/2042 | 1250 | 1387 |
| **Corpus Christi Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 08/15/2054 | 5000 | 4862 |
| **Dallas Area Rapid Transit, Texas Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 3000 | 2936 |
| **Dallas Housing Finance Corp., Texas Revenue Bonds, Series 2022** <br>6.000% due 12/01/2062 | 3000 | 3013 |
| **Grand Parkway Transportation Corp., Texas Revenue Bonds, Series 2020** <br>4.000% due 10/01/2049 | 3000 | 2903 |
| **Greenwood Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2054 | 2400 | 2350 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Harris** **County, Texas Toll Road Revenue Bonds, Series 2024** <br>4.000% due 08/15/2043 | 6750 | 6793 |
| **Mansfield Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2054 | 7000 | 6830 |
| **Mission Economic Development Corp., Texas Revenue Bonds, Series 2024** <br>4.000% due 06/01/2054 | 4250 | 4378 |
| **New Hope Cultural Education Facilities Finance Corp., Texas Revenue Bonds, Series 2016**  |  |  |
| 4.000% due 07/01/2036 ^(c)  | 2065 | 1661 |
| 4.000% due 07/01/2049  | 40 | 22 |
| 5.000% due 07/01/2046 ^(c)  | 6050 | 4091 |
| **New Hope Cultural Education Facilities Finance Corp., Texas Revenue Bonds, Series 2017** <br>5.000% due 07/01/2047 ^(c) | 1500 | 999 |
| **New Hope Cultural Education Facilities Finance Corp., Texas Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 12/01/2054  | 450 | 369 |
| 5.000% due 12/01/2054  | 250 | 245 |
| **North Texas Tollway Authority Revenue Bonds, Series 2024** <br>5.000% due 01/01/2032 (b) | 2800 | 3189 |
| **Port Beaumont Navigation District, Texas Revenue Bonds, Series 2020** <br>4.000% due 01/01/2050 | 6000 | 5278 |
| **Port Beaumont Navigation District, Texas Revenue Bonds, Series 2021** <br>2.500% due 01/01/2030 | 1000 | 922 |
| **San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2015** <br>1.125% due 12/01/2045 | 4000 | 3754 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2022** <br>5.000% due 11/15/2051 | 4000 | 4280 |
| **Texas Department of Housing & Community Affairs Revenue Bonds, (GNMA Insured), Series 2023** <br>5.500% due 07/01/2053 | 4405 | 4796 |
| **Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2006** <br>4.940% (TSFR3M) due 12/15/2026 ~ | 3000 | 3000 |
| **Texas Transportation Commission Revenue Bonds, Series 2019** <br>5.000% due 08/01/2057 | 3000 | 3077 |
| **Texas Water Development Board Revenue Bonds, Series 2022**  |  |  |
| 4.800% due 10/15/2052  | 4400 | 4645 |
| 5.000% due 10/15/2057  | 1750 | 1886 |
| **Texas Water Development Board Revenue Bonds, Series 2023**  |  |  |
| 4.875% due 10/15/2048  | 5000 | 5371 |
| 5.000% due 10/15/2058  | 2100 | 2277 |
| **Texas Water Development Board Revenue Bonds, Series 2024** <br>4.125% due 10/15/2047 (b) | 7330 | 7387 |
| **Waxahachie Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2053 | 3500 | 3387 |
|  |  | 131124 |
| **UTAH 0.1%**  |  |  |
| **Mida Mountain Village Public Infrastructure District, Utah Special Assessment Bonds, Series 2021** <br>4.000% due 08/01/2050 | 2000 | 1759 |
| **VIRGINIA 1.3%**  |  |  |
| **Farms New Kent Community Development Authority, Virginia Special Assessment Bonds, Series 2021** <br>3.750% due 03/01/2036 | 6920 | 6812 |
| **Lynchburg Economic Development Authority, Virginia Revenue Bonds, Series 2021** <br>4.000% due 01/01/2041 | 455 | 456 |
| **Virginia Beach Development Authority Revenue Bonds, Series 2023** <br>7.000% due 09/01/2053 | 3500 | 4079 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2019**  |  |  |
| 0.000% due 07/01/2061 (e)  | 29035 | 958 |
| 5.000% due 07/01/2034  | 7610 | 7059 |
| 7.500% due 07/01/2052  | 4170 | 2502 |
|  |  | 21866 |
| **WASHINGTON 0.3%**  |  |  |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2024** <br>4.084% due 03/20/2040 | 4600 | 4575 |
| **WEST VIRGINIA 1.1%**  |  |  |
| **Montgomery County, West Virginia Tax Allocation Bonds, Series 2023**  |  |  |
| 5.000% due 06/01/2033  | 460 | 487 |
| 5.750% due 06/01/2043  | 1000 | 1088 |
| 6.000% due 06/01/2053  | 1500 | 1632 |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007** <br>0.000% due 06/01/2047 (e) | 70100 | 6900 |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020** <br>4.875% due 06/01/2049 | 4220 | 4133 |
| **West Virginia Hospital Finance Authority Revenue Bonds, Series 2023** <br>5.750% due 09/01/2043 | 4000 | 4588 |
|  |  | 18828 |
| **WISCONSIN 3.7%**  |  |  |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2017**  |  |  |
| 6.750% due 08/01/2031  | 3000 | 2693 |
| 7.000% due 01/01/2050  | 1000 | 1083 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Public** **Finance Authority, Wisconsin Revenue Bonds, Series 2018** <br>6.375% due 01/01/2048 | 2000 | 900 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2019** <br>5.875% due 10/01/2054 | 1500 | 1012 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2020**  |  |  |
| 5.000% due 01/01/2055  | 1000 | 1002 |
| 5.250% due 03/01/2045  | 1500 | 1507 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 01/01/2061 (e)  | 4605 | 367 |
| 4.000% due 09/30/2051  | 985 | 875 |
| 4.000% due 03/31/2056  | 4000 | 3493 |
| 4.500% due 06/01/2056  | 7670 | 6421 |
| 5.000% due 07/01/2037  | 500 | 516 |
| 5.000% due 07/01/2039  | 500 | 510 |
| 5.000% due 07/01/2041  | 500 | 507 |
| 5.625% due 06/01/2050  | 2015 | 1954 |
| 6.500% due 06/01/2045  | 3100 | 2792 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2023**  |  |  |
| 0.000% due 09/01/2029 (e)  | 1000 | 712 |
| 6.125% due 12/15/2029  | 3500 | 3522 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2024** <br>5.500% due 12/15/2028 | 5000 | 5031 |
| **University of Wisconsin Hospitals & Clinics Revenue Bonds, Series 2018** <br>4.000% due 04/01/2048 | 13025 | 13025 |
| **Wisconsin Center District Revenue Bonds, (AGM Insured), Series 2020**  |  |  |
| 0.000% due 12/15/2033 (e)  | 2755 | 1963 |
| 0.000% due 12/15/2045 (e)  | 17000 | 6745 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2021** <br>4.000% due 08/15/2046 | 4000 | 3978 |
|  |  | 60608 |
| Total Municipal Bonds & Notes (Cost $1,691,315) |  | 1725032 |
| **U.S. GOVERNMENT AGENCIES 3.8%**  |  |  |
| **Freddie Mac**  |  |  |
| 3.083% due 04/25/2043 ~ | 3676 | 3306 |
| 3.600% due 06/01/2043 | 3324 | 3231 |
| 3.720% due 01/01/2041 | 4474 | 4427 |
| 3.790% due 07/01/2040 | 4176 | 4137 |
| 3.800% due 01/01/2040 | 9952 | 9997 |
| 3.850% due 02/01/2038 - 01/01/2040 | 11227 | 11216 |
| 4.000% due 01/01/2039 | 1386 | 1428 |
| 4.500% due 12/01/2040 | 4568 | 4888 |
| 4.600% due 03/01/2041 | 2600 | 2822 |
| 4.900% due 02/01/2040 | 2982 | 3291 |
| 5.210% due 08/01/2040 | 6660 | 7577 |
| 5.951% due 07/15/2040 •  | 5937 | 6129 |
| Total U.S. Government Agencies (Cost $57,825) |  | 62449 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.4%**  |  |  |
| **Multifamily Tax-Exempt Mortgage-backed Securities** <br>4.770% due 07/01/2043 | 6000 | 6379 |
| Total Non-Agency Mortgage-Backed Securities (Cost $6,000) |  | 6379 |
|  | SHARES |  |
| **MUTUAL FUNDS 3.1%**  |  |  |
| **BlackRock MuniHoldings California Quality Fund, Inc.** | 420229 | 4841 |
| **BlackRock MuniHoldings Fund, Inc.** | 458140 | 5796 |
| **BlackRock MuniVest Fund, Inc.** | 376870 | 2864 |
| **BlackRock MuniYield Quality Fund III, Inc.** | 490934 | 5891 |
| **BlackRock New York Municipal Income Trust** | 40759 | 448 |
| **Invesco Quality Municipal Income Trust** | 458853 | 4790 |
| **Nuveen AMT-Free Municipal Credit Income Fund** | 470900 | 6305 |
| **Nuveen California Quality Municipal Income Fund** | 401979 | 4780 |
| **Nuveen Municipal Credit Income Fund** | 462380 | 6057 |
| **Nuveen Quality Municipal Income Fund** | 300646 | 3722 |
| **Western Asset Managed Municipals Fund, Inc.** | 544800 | 5906 |
| Total Mutual Funds (Cost $54,491) |  | 51400 |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **SVB Financial Group**<br>4.100% due 02/15/2031 ^(c)(g) | 3050000 | 7 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Preferred Securities (Cost $2,752) |  | 7 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 10.0%**  |  |  |
| **U.S. TREASURY BILLS 10.0%**  |  |  |
| 4.983% due 10/15/2024 - 11/29/2024 (d)(e)(j) | $165200 | 164514 |
| Total Short-Term Instruments (Cost $164,499) |  | 164514 |
| Total Investments in Securities (Cost $2,032,598) |  | 2065748 |
| Total Investments 125.3% (Cost $2,032,598) |  | $2065748 |
| Remarketable Variable Rate MuniFund Term Preferred Shares, at liquidation value (24.2)% |  | (399735) |
| **Financial Derivative Instruments (i) 0.0**%(Cost or Premiums, net $0) |  | 353 |
| Other Assets and Liabilities, net (1.1)% |  | (18329) |
| Net Assets Applicable to Common Shareholders 100.0% |  | $1648037 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(g)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Coupon | Coupon | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets<br> Applicable to Common Shareholders |
| California Municipal Finance Authority Revenue Bonds, Series 2021 | 3.000 | % | 09/01/2030 | 12/06/2023 | 12/06/2023 | 1980 | 1992 | 1992 | 0.06 |
| California Municipal Finance Authority Revenue Bonds, Series 2021 | 4.000 |  | 09/01/2050 | 11/22/2022 | 11/22/2022 | 1613 | 1757 | 1757 | 0.05 |
| Lehigh County, Pennsylvania Revenue Bonds, Series 2019 | 4.250 |  | 08/15/2038 | 09/14/2021 | 09/14/2021 | 2903 | 2836 | 2836 | 0.09 |
| Louisiana Housing Corp. Revenue Bonds, Series 2009 | 3.250 |  | 05/01/2044 | 09/18/2024 | 09/18/2024 | 7285 | 7285 | 7285 | 0.23 |
|  |  |  |  |  | $ | $ | 13870 | 0.43%  | 0.43%  |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| U.S. Treasury 10-Year Note December Futures  | 780 | 780 | $(89139) | (89139) | (137) | $ | 353 | $ | $0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(137)** | **$** | **$** | **$** | **0** |
| **(j)** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** | **Securities with an aggregate market value of $1,030 and cash of $3,599 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2024.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2024 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 09/30/2024 | Fair Value<br>at 09/30/2024 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | $ | 0 | $0 | 0 | 20346 | 20346 | 20346 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance |  | 0 | 383 | 383 | 19932 | 20315 | 20315 |  |
| Industrials | Industrials |  | 0 | 15306 | 15306 | 0 | 15306 | 15306 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Alabama | Alabama |  | 0 | 31425 | 31425 | 0 | 31425 | 31425 |  |
| Alaska | Alaska |  | 0 | 7022 | 7022 | 0 | 7022 | 7022 |  |
| Arizona | Arizona |  | 0 | 22218 | 22218 | 0 | 22218 | 22218 |  |
| Arkansas | Arkansas |  | 0 | 3590 | 3590 | 0 | 3590 | 3590 |  |
| California | California |  | 0 | 193760 | 193760 | 0 | 193760 | 193760 |  |
| Colorado | Colorado |  | 0 | 65948 | 65948 | 0 | 65948 | 65948 |  |
| Delaware | Delaware |  | 0 | 32879 | 32879 | 0 | 32879 | 32879 |  |
| District of Columbia | District of Columbia |  | 0 | 18576 | 18576 | 0 | 18576 | 18576 |  |
| Florida | Florida |  | 0 | 70107 | 70107 | 0 | 70107 | 70107 |  |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Georgia | Georgia | Georgia | Georgia | Georgia | 0 | 0 | 0 | 77628 | 77628 | 0 | 0 |  |  | 77628 |  |  |
| Guam | Guam | Guam | Guam | Guam | 0 | 0 | 0 | 1492 | 1492 | 0 | 0 |  |  | 1492 |  |  |
| Idaho | Idaho | Idaho | Idaho | Idaho | 0 | 0 | 0 | 4452 | 4452 | 0 | 0 |  |  | 4452 |  |  |
| Illinois | Illinois | Illinois | Illinois | Illinois | 0 | 0 | 0 | 106374 | 106374 | 0 | 0 |  |  | 106374 |  |  |
| Indiana | Indiana | Indiana | Indiana | Indiana | 0 | 0 | 0 | 45840 | 45840 | 0 | 0 |  |  | 45840 |  |  |
| Iowa | Iowa | Iowa | Iowa | Iowa | 0 | 0 | 0 | 9358 | 9358 | 0 | 0 |  |  | 9358 |  |  |
| Kansas | Kansas | Kansas | Kansas | Kansas | 0 | 0 | 0 | 3328 | 3328 | 0 | 0 |  |  | 3328 |  |  |
| Kentucky | Kentucky | Kentucky | Kentucky | Kentucky | 0 | 0 | 0 | 10376 | 10376 | 0 | 0 |  |  | 10376 |  |  |
| Louisiana | Louisiana | Louisiana | Louisiana | Louisiana | 0 | 0 | 0 | 18043 | 18043 | 0 | 0 |  |  | 18043 |  |  |
| Maryland | Maryland | Maryland | Maryland | Maryland | 0 | 0 | 0 | 5910 | 5910 | 0 | 0 |  |  | 5910 |  |  |
| Massachusetts | Massachusetts | Massachusetts | Massachusetts | Massachusetts | 0 | 0 | 0 | 12573 | 12573 | 0 | 0 |  |  | 12573 |  |  |
| Michigan | Michigan | Michigan | Michigan | Michigan | 0 | 0 | 0 | 33030 | 33030 | 0 | 0 |  |  | 33030 |  |  |
| Minnesota | Minnesota | Minnesota | Minnesota | Minnesota | 0 | 0 | 0 | 6459 | 6459 | 0 | 0 |  |  | 6459 |  |  |
| Missouri | Missouri | Missouri | Missouri | Missouri | 0 | 0 | 0 | 3569 | 3569 | 0 | 0 |  |  | 3569 |  |  |
| Multi-State | Multi-State | Multi-State | Multi-State | Multi-State | 0 | 0 | 0 | 37815 | 37815 | 0 | 0 |  |  | 37815 |  |  |
| Nevada | Nevada | Nevada | Nevada | Nevada | 0 | 0 | 0 | 6559 | 6559 | 0 | 0 |  |  | 6559 |  |  |
| New Hampshire | New Hampshire | New Hampshire | New Hampshire | New Hampshire | 0 | 0 | 0 | 24900 | 24900 | 0 | 0 |  |  | 24900 |  |  |
| New Jersey | New Jersey | New Jersey | New Jersey | New Jersey | 0 | 0 | 0 | 20349 | 20349 | 0 | 0 |  |  | 20349 |  |  |
| New Mexico | New Mexico | New Mexico | New Mexico | New Mexico | 0 | 0 | 0 | 7764 | 7764 | 0 | 0 |  |  | 7764 |  |  |
| New York | New York | New York | New York | New York | 0 | 0 | 0 | 161365 | 161365 | 0 | 0 |  |  | 161365 |  |  |
| North Carolina | North Carolina | North Carolina | North Carolina | North Carolina | 0 | 0 | 0 | 74853 | 74853 | 0 | 0 |  |  | 74853 |  |  |
| Ohio | Ohio | Ohio | Ohio | Ohio | 0 | 0 | 0 | 79767 | 79767 | 0 | 0 |  |  | 79767 |  |  |
| Oklahoma | Oklahoma | Oklahoma | Oklahoma | Oklahoma | 0 | 0 | 0 | 6277 | 6277 | 0 | 0 |  |  | 6277 |  |  |
| Oregon | Oregon | Oregon | Oregon | Oregon | 0 | 0 | 0 | 1100 | 1100 | 0 | 0 |  |  | 1100 |  |  |
| Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | 0 | 0 | 0 | 76924 | 76924 | 0 | 0 |  |  | 76924 |  |  |
| Puerto Rico | Puerto Rico | Puerto Rico | Puerto Rico | Puerto Rico | 0 | 0 | 0 | 136393 | 136393 | 0 | 0 |  |  | 136393 |  |  |
| Rhode Island | Rhode Island | Rhode Island | Rhode Island | Rhode Island | 0 | 0 | 0 | 16834 | 16834 | 0 | 0 |  |  | 16834 |  |  |
| South Carolina | South Carolina | South Carolina | South Carolina | South Carolina | 0 | 0 | 0 | 6865 | 6865 | 0 | 0 |  |  | 6865 |  |  |
| Tennessee | Tennessee | Tennessee | Tennessee | Tennessee | 0 | 0 | 0 | 44550 | 44550 | 0 | 0 |  |  | 44550 |  |  |
| Texas | Texas | Texas | Texas | Texas | 0 | 0 | 0 | 131124 | 131124 | 0 | 0 |  |  | 131124 |  |  |
| Utah | Utah | Utah | Utah | Utah | 0 | 0 | 0 | 1759 | 1759 | 0 | 0 |  |  | 1759 |  |  |
| Virginia | Virginia | Virginia | Virginia | Virginia | 0 | 0 | 0 | 21866 | 21866 | 0 | 0 |  |  | 21866 |  |  |
| Washington | Washington | Washington | Washington | Washington | 0 | 0 | 0 | 4575 | 4575 | 0 | 0 |  |  | 4575 |  |  |
| West Virginia | West Virginia | West Virginia | West Virginia | West Virginia | 0 | 0 | 0 | 18828 | 18828 | 0 | 0 |  |  | 18828 |  |  |
| Wisconsin | Wisconsin | Wisconsin | Wisconsin | Wisconsin | 0 | 0 | 0 | 60608 | 60608 | 0 | 0 |  |  | 60608 |  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 62449 | 62449 | 0 | 0 |  |  | 62449 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 6379 | 6379 | 0 | 0 |  |  | 6379 |  |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 51400 | 51400 | 51400 | 0 | 0 | 0 | 0 |  |  | 51400 |  |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 7 | 7 | 0 | 0 |  |  | 7 |  |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 164514 | 164514 | 0 | 0 |  |  | 164514 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $51400 | 51400 | 51400 | $1974070 | 1974070 | $40278 | 40278 | $ | $ | 2065748 |  |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | $0 | 0 | 0 | $353 | 353 | $0 | 0 | $ | $ | 353 |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | 0 | $353 | 353 | $0 | 0 | $ | $ | 353 |  |  |
| Totals | Totals | Totals | Totals | Totals | $51400 | 51400 | 51400 | $1974423 | 1974423 | $40278 | 40278 | $ | $ | 2066101 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended September 30, 2024:** |
| Category and Subcategory | Beginning<br>Balance<br>at 12/31/2023 | Net<br>Purchases  | Net<br>Sales/Settlements  | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 09/30/2024 | Ending<br>Balance<br>at 09/30/2024 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2024<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2024<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | 39047 | 0 | $(17981) | $ | 18 | $50 | $ | (788) | $0 | 0 | $0 | 0 | $ | 20346 | $ | (68) |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 19441 | 0 | (18) |  | 3 | 0 |  | 506 | 0 | 0 | 0 | 0 |  | 19932 |  | 506 |
| Totals | 58488 | 0 | $(17999) | $ | 21 | $50 | $ | (282) | $0 | 0 | $0 | 0 | $ | 40278 | $ | 438 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 09/30/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $20346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.253 - 99.999  | 5.253 - 99.999  | 5.253 - 99.999  | 32.877 | 32.877 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 19932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 10.650 - 99.999  | 10.650 - 99.999  | 10.650 - 99.999  | 55.269 | 55.269 |
| Total | Total | $40278 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Municipal Income Fund (Cont.) September 30, 2024 (Unaudited)

---

| | |
|:---|:---|
| <sup>(</sup><sup>1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2024 may be due to an investment no longer held or categorized as Level 3 at period end. |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Flexible Municipal Income Fund

- **b. Investment Company Act file number:** 811-23314

- **c. CIK number of Registrant:** 0001723701

- **d. LEI of Registrant:** 549300QWR0VUYGU5FE83

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 312-2113

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

- **a. Date of fiscal year-end:** 2024-12-31

- **b. Date as of which information is reported:** 2024-09-30

**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:** $2147275067.50

**Total Liabilities:** $509676588.49

**Net Assets:** $1637598479.01

**Cash Not Reported:** $2389701.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 13763.858300 | **1-Year:** 47357.070500 | **5-Year:** 182976.406500 | **10-Year:** 598426.935200 | **30-Year:** 33677.334800

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

- **3-Month:** 512.277900 | **1-Year:** 20368.219600 | **5-Year:** 124711.918200 | **10-Year:** 181270.833300 | **30-Year:** 41926.969800

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.10%                | 0.81%                | 1.53%                |
| Class ID N/A | 1.10%                | 0.81%                | 1.53%                |
| Class ID N/A | 1.08%                | 0.79%                | 1.51%                |
| Class ID N/A | 1.14%                | 0.86%                | 1.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1561809.56             | $17296616.20                               |
| Month 2  | $1867273.68              | $7348962.89                                |
| Month 3  | $3700515.23              | $16467919.48                               |

**Designated Index Information**

- **Index Name:** 60% Bloomberg Municipal Bond Long 22+ Total Return Hedged USD Index, 40% Bloomberg Municipal Bond High Yield Total Return Unhedged USD Index

- **Index Identifier:** LM22TR, LMHYTR

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY                                     | NEW YORK NY CITY TRANSITIONAL NYCGEN 05/48 FIXED 5.25       | CUSIP: 64972JCD8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5574996.50   | 0.34%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL                                                                  | TOLEDO HOSPITAL/THE SR SECURED 11/48 6.015                  | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1303750.00   | 0.08%             | 2048-11-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY INDUSTRIAL DEV                                                   | MARICOPA CNTY AZ INDL DEV AUTH MAREDU 07/26 FIXED 3.5       | CUSIP: 56681NAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $529608.43    | 0.03%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 12/30 FIXED 5          | CUSIP: 70869PHU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6695000 | PA      | $6855896.92   | 0.42%             | 2030-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGENCY INC                                                         | CAPITAL TRUST AGY FL REVENUE CPTGEN 01/35 ZEROCPNOID 0      | CUSIP: 14052WDG9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2580000 | PA      | $1434405.44   | 0.09%             | 2035-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WATER & SANITATION DISTRICT                                             | DOMINION WTR   SANTN DIST CO R DOMWTR 12/32 FIXED 5.25      | CUSIP: 25755AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3308274.45   | 0.20%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/29 FIXED 5         | CUSIP: 04052TCD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $419866.65    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FINANCING AGENCY                                           | PATRIOTS ENERGY GROUP FING AGY PEGUTL 02/54 ADJUSTABLE VAR  | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3410612.56   | 0.21%             | 2054-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                             | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/30 FIXED 5.25      | CUSIP: 74526YEB7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    300000 | PA      | $126750.00    | 0.01%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT                                                                  | DETROIT MI DET 05/39 FIXED 6                                | CUSIP: 2510936C9<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1641164.42   | 0.10%             | 2039-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HOSP R                                         | VIRGINIA ST SMALL BUSINESS FIN VASHGR 07/34 FIXED OID 5     | CUSIP: 92810PAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7610000 | PA      | $7058973.60   | 0.43%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                       | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/48 FIXED 4         | CUSIP: 544445SD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000986.00   | 0.24%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ATLANTA GA AIRPORT PASSENGER FACILITY CHARGE                             | ATLANTA GA ARPT PASSENGER FAC ATLAPT 07/36 FIXED 4          | CUSIP: 04780TDK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3013917.00   | 0.18%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF INDIANAPOLIS IN                                                          | INDIANAPOLIS IN MF HSG REVENUE INPMFH 07/56 ADJUSTABLE VAR  | CUSIP: 45528TBF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008320.50   | 0.18%             | 2056-07-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| COLUMBIA COUNTY HOSPITAL AUTHORITY/GA                                            | COLUMBIA CNTY GA HOSP AUTH CLHMED 04/53 FIXED OID 5.125     | CUSIP: 197479AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4360000 | PA      | $4722810.42   | 0.29%             | 2053-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJECTS FINANCE AUTHORITY/FL                                            | CAPITAL PROJS FL FIN AUTH STUD CPPHSG 10/32 FIXED 5         | CUSIP: 140427BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1428334.56   | 0.09%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJECTS FINANCE AUTHORITY/FL                                            | CAPITAL PROJS FL FIN AUTH STUD CPPHSG 10/30 FIXED 5         | CUSIP: 140427BL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1709372.48   | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND                                     | NUVEEN AMT FREE MUNICIPAL CRED NUVEEN AMT FR MUNI CRDT      | CUSIP: 67071L106<br>LEI: 549300LBMO1C0IG71T03 | Long             | EC               | CORP              | US        |    470900 | NS      | $6305351.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR CREEK TRANSIT METROPOLITAN DISTRICT NO 2                                   | CLEAR CREEK TRANSIT MET DIST TRSFAC 12/50 FIXED 5           | CUSIP: 184542AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $568563.45    | 0.03%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY SANITARY AUTHORITY                                              | ALLEGHENY CNTY PA SAN AUTH ALLUTL 12/44 FIXED OID 4         | CUSIP: 017357R55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000520.20   | 0.12%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORPORATION                                                   | BUILD NYC RESOURCE CORP NY REV BUIGEN 06/32 FIXED 5         | CUSIP: 12008ETH9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213876.24    | 0.01%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI SPL REVENUE PUBFAC 12/28 FIXED 5.5       | CUSIP: 74447TAE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5030996.50   | 0.31%             | 2028-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                           | PUERTO RICO SALES TAX FING COR PRCGEN 07/53 FIXED OID 4.75  | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   6250000 | PA      | $6269238.13   | 0.38%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                                | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAJ3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  12300000 | PA      | $12597806.37  | 0.77%             | 2053-03-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN REVS                                              | KENTUCKY ST PROPERTY   BLDGS C KYSFAC 11/34 FIXED 4         | CUSIP: 49151FC99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275344.88   | 0.08%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 08/31 FIXED OID 5.25  | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2265964.47   | 0.14%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                              | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/50 FIXED 3.85      | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7080000 | PA      | $6641524.27   | 0.41%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| EMPIRE STATE DEVELOPMENT CORPORATION                                             | NEW YORK ST URBAN DEV CORP SAL NYSFAC 03/53 FIXED OID 5     | CUSIP: 64985TEV9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090926.10   | 0.07%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 12/38 FIXED 5          | CUSIP: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1169352.09   | 0.07%             | 2038-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 04/35 FIXED 6         | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3847639.24   | 0.23%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                       | MICHIGAN ST FIN AUTH REVENUE MISFIN 06/40 FIXED 5           | CUSIP: 59447TG80<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4895000 | PA      | $5203903.87   | 0.32%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                      | ILLINOIS ST ILLINOIS ST REF                                 | CUSIP: 452153KY4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5594977.50   | 0.34%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                           | IOWA ST FIN AUTH REVENUE IASGEN 01/42 FIXED OID 8           | CUSIP: 46247SCZ5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5640000 | PA      | $5602459.60   | 0.34%             | 2042-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS PUBLIC FINANCING AUTHORITY                                         | RIVER ISLANDS CA PUBLIC FING A RVIGEN 09/52 FIXED OID 5.75  | CUSIP: 76827QHK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3147108.00   | 0.19%             | 2052-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01                              | AFFORDABLE HSG OPPORTUNITIES T TENGEN 04/39 FIXED 7.57      | CUSIP: 00826SAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $877249.35    | 0.05%             | 2039-04-01      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | NEW JERSEY ST ECON DEV AUTH EC NJSDEV 04/31 FIXED OID 5.75  | CUSIP: 64577HMH1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5148289.50   | 0.31%             | 2031-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORPORATION                                             | SALES TAX SECURITIZATION CORP STSGEN 01/48 FIXED 4          | CUSIP: 79467BBL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1796843.03   | 0.11%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                                 | PUERTO RICO CMWLTH PRC 07/27 FIXED 5.625                    | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2758141 | PA      | $2880804.63   | 0.18%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEVELOPMENT BOARD                                                    | TEXAS WTR DEV BRD ST WTR IMPLE TXSWTR 10/52 FIXED 4.8       | CUSIP: 88285ABJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4645232.68   | 0.28%             | 2052-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COLORADO ST HLTH FACS AUTH REV COSMED 11/43 FIXED 4         | CUSIP: 19648FJE5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4410000 | PA      | $4405177.67   | 0.27%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND INC                               | BLACKROCK MUNIHOLDINGS CALIFOR BLACKROCK MUNIHOLD CA QLTY   | CUSIP: 09254L107<br>LEI: NKJSRCJXMS5PZYPXY795 | Long             | EC               | CORP              | US        |    420229 | NS      | $4841038.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS ST                                                                      | ILLINOIS ST ILS 05/30 FIXED OID 5.5                         | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4925180.25   | 0.30%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE ISLAN                                         | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/52 ZEROCPNOID 0    | CUSIP: 888809AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $313908.23    | 0.02%             | 2052-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JEA ELECTRIC SYSTEM REVENUE                                                      | JEA FL ELEC SYS REVENUE JACPWR 10/34 FIXED 5                | CUSIP: 46613SSL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5262449.40   | 0.32%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMS NEW KENT COMMUNITY DEVEL                                                   | FARMS NEW KENT VA CMNTY DEV AU FRMDEV 03/36 FIXED 3.75      | CUSIP: 311551AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6920000 | PA      | $6811777.43   | 0.42%             | 2036-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MUNICIPALITY OF ANCHORAGE AK SOLID WASTE SERVICES REVENUE                        | ANCHORAGE AK SOL WST SVCS REVE ANCPOL 11/62 FIXED 5.25      | CUSIP: 033262AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5875973.64   | 0.36%             | 2062-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/49 FIXED OID 4.5   | CUSIP: 04052TAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $612200.00    | 0.04%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO 1                             | SPRING VLY CMNTY INFRASTRUCTUR SPVGEN 09/51 FIXED 3.75      | CUSIP: 850072AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1931390.60   | 0.12%             | 2051-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DISTRICT                                                        | WISCONSIN CENTER DIST WI TAX R WISGEN 12/33 ZEROCPNOID 0    | CUSIP: 976595FL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $1963433.95   | 0.12%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY                                         | CLEVELAND CUYAHOGA CNTY OH POR CLETRN 12/55 FIXED 4         | CUSIP: 18611HAB1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    970000 | PA      | $834854.46    | 0.05%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY VARIABLE RATE CERTIFICATE                                | FREDDIE MAC MULTIFAMILY FRETE 2022 ML13 AUS                 | CUSIP: 3137H9JN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   1937909 | PA      | $1804399.37   | 0.11%             | 2036-09-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                         | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/54 ZEROCPNOID 0    | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $199943.50    | 0.01%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORPORATION                                             | SALES TAX SECURITIZATION CORP STSGEN 01/29 FIXED 5          | CUSIP: 79467BCU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1637163.30   | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HOUSING FINANCE AUTHORITY                                          | NEW HAMPSHIRE ST HSG FIN AUTHS NHSSFH 07/55 FIXED 6.5       | CUSIP: 64469D5S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $6239015.28   | 0.38%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                                   | BLACK BELT ENERGY GAS DIST AL BBEUTL 12/53 ADJUSTABLE VAR   | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3240912.78   | 0.20%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 11/35 FIXED 5           | CUSIP: 45204E6D5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1483945.05   | 0.09%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY                                    | PORT AUTH OF NEW YORK   NEW JE PORTRN 08/52 FIXED 5.5       | CUSIP: 73358XGN6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2195715.40   | 0.13%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH & EDL BLDG CORP                                              | RHODE ISLAND ST HLTH   EDUCTNL RISMED 05/49 FIXED 5.25      | CUSIP: 762244MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3968772.75   | 0.24%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                         | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 07/36 FIXED OID 4.837 | CUSIP: 63607WAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8492835 | PA      | $8716698.42   | 0.53%             | 2036-07-20      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| KENT STATE UNIVERSITY                                                            | KENT OH ST UNIV REVENUES KSUHGR 05/34 FIXED 5               | CUSIP: 490728F49<br>LEI: 549300HL3HX54032AG28 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1639522.64   | 0.10%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/33 FIXED OID 4     | CUSIP: 04052TBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $283750.00    | 0.02%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                              | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/66 ZEROCPNOID 0    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 123645000 | PA      | $14770780.07  | 0.90%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IRVINE FACILITIES FINANCING AUTHORITY                                            | IRVINE CA FACS FING AUTH SPL T IRGFAC 09/50 ZEROCPNOID 0    | CUSIP: 46360WAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $378712.38    | 0.02%             | 2050-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/48 FIXED 5         | CUSIP: 57584YJV2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6179634.00   | 0.38%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                            | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 07/59 FIXED OID 4.3   | CUSIP: 126292CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4485969.50   | 0.27%             | 2059-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA HEALTH FACS AUTH FEV                                             | ORANGE CNTY FL HLTH FACS AUTH ORANGE CO HLTH FACS           | CUSIP: 68450LJB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1161030.40   | 0.07%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHILDRENS TRUST FD TOBACCO SETTLMNT                                              | THE CHILDRENS TRUST FUND PR TO CHIGEN 05/57 ZEROCPNOID 0    | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  87500000 | PA      | $6079298.75   | 0.37%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 10/42 ADJUSTABLE VAR  | CUSIP: 57583RWB7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.31%             | 2042-10-01      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 01/55 FIXED 5             | CUSIP: 74442PPU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001903.40   | 0.06%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                                             | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/49 FIXED 4.875     | CUSIP: 88880LAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4132752.34   | 0.25%             | 2049-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                         | NATIONAL FIN AUTH NH POLLUTION NFAPOL 12/28 FIXED 4         | CUSIP: 63609YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4122166.95   | 0.25%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANUTILLO INDEPENDENT SCHOOL DISTRICT                                            | CANUTILLO TX INDEP SCH DIST CNUSCD 02/54 FIXED 5.25         | CUSIP: 138735YW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2675441.28   | 0.16%             | 2054-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARTOW COUNTY DEVELOPMENT AUTHORITY                                              | BARTOW CNTY GA DEV AUTH BTWPOL 09/29 FIXED 1.8              | CUSIP: 069643BL7<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2470022.52   | 0.15%             | 2029-09-01      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP                                                                    | TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR    | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6275702.38   | 0.38%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT                                                                  | DETROIT MI DET 04/44 ADJUSTABLE VAR                         | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |  10190662 | PA      | $8137270.10   | 0.50%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                         | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 07/27 FIXED 5.087     | CUSIP: 63607WAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5329171 | PA      | $5486665.32   | 0.34%             | 2027-07-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NEW YORK COUNTIES TOBACCO TRUST V                                                | NEW YORK CNTYS NY TOBACCO TRUS NYSGEN 06/55 ZEROCPNOID 0    | CUSIP: 649441AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26000000 | PA      | $2394571.40   | 0.15%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN QUALITY MUNICIPAL INCOME FUND                                             | NUVEEN QUALITY MUNICIPAL INCOM NUVEEN QUALITY MUNICIPAL INC | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             | EC               | CORP              | US        |    300646 | NS      | $3721997.48   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                           | PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329     | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3000000 | PA      | $2998520.70   | 0.18%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY MUNICIPAL AUTHORITY                                                 | BERKS CNTY PA MUNI AUTH BERFAC 06/39 FIXED 7                | CUSIP: 084538JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10325000 | PA      | $9411010.35   | 0.57%             | 2039-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 06/56 FIXED 4.5           | CUSIP: 74442PSG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7670000 | PA      | $6421467.43   | 0.39%             | 2056-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/30 FIXED 5         | CUSIP: 57584YF87<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164969.48    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF FIREBAUGH CA                                                             | FIREBAUGH CA LEASE AGREEMENT FRBGEN 08/29 FIXED 2.05        | CUSIP: 31813EAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $953870.93    | 0.06%             | 2029-08-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                             | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/29 FIXED 5         | CUSIP: 74526YCY9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   3500000 | PA      | $1478750.00   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                            | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 09/37 FIXED 5         | CUSIP: 126292CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2557170.41   | 0.16%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP HSG DEV                                                | MARYLAND ST ECON DEV CORP SPL MDSDEV 09/50 FIXED 4          | CUSIP: 57422FAF3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2216467.50   | 0.14%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                            | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 09/62 INT APROID VAR  | CUSIP: 126292CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $7642968.30   | 0.47%             | 2062-09-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 12/54 FIXED OID 4     | CUSIP: 64542PEW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $368789.54    | 0.02%             | 2054-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/46 FIXED 5         | CUSIP: 64542PAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2242711.35   | 0.14%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                            | MONTGOMERY CNTY PA INDL DEV AU MONDEV 10/34 ADJUSTABLE VAR  | CUSIP: 61361TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5148759.00   | 0.31%             | 2034-10-01      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| BURBANK-GLENDALE-PASADENA AIRPORT AUTHORITY BRICK CAMPAIGN                       | BURBANK GLENDALE PASADENA CA A BURAPT 07/54 FIXED OID 4.5   | CUSIP: 120827EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5580606.90   | 0.34%             | 2054-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/54 FIXED 5.125     | CUSIP: 04052TBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1350000.00   | 0.08%             | 2054-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 04/39 FIXED 3          | CUSIP: 70869PMF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2690610.60   | 0.16%             | 2039-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| THE ATLANTA DEVELOPMENT AUTHORITY                                                | ATLANTA GA DEV AUTH ATLDEV 12/48 INT APROID VAR             | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $4422696.72   | 0.27%             | 2048-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                                  | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/48 FIXED 5.25       | CUSIP: 64972GF90<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3595934.72   | 0.22%             | 2048-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOMINION WATER & SANITATION DISTRICT                                             | DOMINION WTR   SANTN DIST CO R DOMWTR 12/27 FIXED 5         | CUSIP: 25755AAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2224012.08   | 0.14%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY MUNICIPAL AUTHORITY                                                 | BERKS CNTY PA MUNI AUTH BERFAC 06/34 FIXED OID 6            | CUSIP: 084538JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    733000 | PA      | $797008.49    | 0.05%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA HOSPITAL FINANCE                                                   | WEST VIRGINIA ST HOSP FIN AUTH WVSMED 09/43 FIXED 5.75      | CUSIP: 956622W75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4588054.80   | 0.28%             | 2043-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CITY OF ATLANTIC CITY NJ                                                         | ATLANTIC CITY NJ ATC 03/30 FIXED 6.375                      | CUSIP: 048339UY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $834315.65    | 0.05%             | 2030-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION OIL FRANCHISE TAX REVENUE                       | PENNSYLVANIA ST TURNPIKE COMMI PASTRN 12/51 FIXED 4         | CUSIP: 709221VZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1477443.00   | 0.09%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY                                                      | CMFA SPL FIN AGY CA ESSENTIAL CMFHSG 08/45 FIXED 4          | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5455000 | PA      | $4882604.12   | 0.30%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                                  | KENTUCKY ST ECON DEV FIN AUTH KYSMED 07/50 FIXED OID 5      | CUSIP: 49126TBC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3319249.20   | 0.20%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/52 ADJUSTABLE VAR  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3905000 | PA      | $4029367.22   | 0.25%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING AGENCY                                              | CALIFORNIA CMNTY HSG AGY ESSEN CCHHSG 08/52 FIXED OID 4.5   | CUSIP: 13013FBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2101967.00   | 0.13%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY COUNTY INDUSTRIAL DEVELOPMENT BOARD                               | MEMPHIS SHELBY CNTY TN INDL DE MEMDEV 01/46 FIXED OID 5.625 | CUSIP: 58611YAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1327342.66   | 0.08%             | 2046-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                                  | KENTUCKY ST ECON DEV FIN AUTH KYSMED 11/36 FIXED OID 6      | CUSIP: 49126TAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $586493.23    | 0.04%             | 2036-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC PUBFIN 10/54 FIXED 5.875     | CUSIP: 74443DFP1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1011845.25   | 0.06%             | 2054-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COUNTRY OF MONTGOMERY                                                            | MONTGOMERY CNTY OH SENIOR LIVI MONHSG 04/49 FIXED OID 6.25  | CUSIP: 613554AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2558644 | PA      | $179105.05    | 0.01%             | 2049-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL                                                                  | TOLEDO HOSPITAL/THE SR SECURED 11/45 4.982                  | CUSIP: 889184AA5<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   4375000 | PA      | $3450781.25   | 0.21%             | 2045-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                             | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/40 FIXED 5.25      | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   3000000 | PA      | $1267500.00   | 0.08%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                                  | POLK CNTY FL INDL DEV AUTH POKDEV 01/33 FIXED 5.875         | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1829690.57   | 0.11%             | 2033-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HOUSING FINANCE AGENCY                                            | NORTH CAROLINA HSG FIN AGY HOM NCSHSG 07/55 FIXED 6.25      | CUSIP: 65820BBA3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3723906.12   | 0.23%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COLORADO BRIDGE & TUNNEL ENTERPRISE                                              | COLORADO BRIDGE   TUNNEL ENTER CBTTRN 12/49 FIXED 5.25      | CUSIP: 19633TAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3937146.50   | 0.24%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY                                      | SAN DIEGO CNTY CA REGL ARPT AU SDGAPT 07/58 FIXED OID 5.25  | CUSIP: 79739GRM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12900000 | PA      | $13918175.07  | 0.85%             | 2058-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01                              | AFFORDABLE HSG OPPORTUNITIES T TENGEN 04/39 FIXED 3.956     | CUSIP: 00826SAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4655000 | PA      | $4968690.21   | 0.30%             | 2039-04-01      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| TAMPA HEALTH SYSTEMS                                                             | TAMPA FL CAPITAL IMPT CIGARETT TAMGEN 09/45 ZEROCPNOID 0    | CUSIP: 875146BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $719394.52    | 0.04%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                 | CALIFORNIA ST HLTH FACS FING A CASMED 06/50 FIXED 4         | CUSIP: 13032UWP9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3841273.20   | 0.23%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY                               | ALASKA ST INDL DEV   EXPORT AU AKSDEV 03/25 ZEROCPNOID 0    | CUSIP: 011903CA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1146426.49   | 0.07%             | 2025-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT                                     | MIDTOWN MIAMI FL CDD SPL ASSMN MDTDEV 05/29 FIXED 5         | CUSIP: 59807PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500836.70   | 0.09%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENLOCH RANCH IMPROVEMENT ASSOCIATION NO 2                                       | BENLOCH RANCH IMPROV SR UNSECURED 144A 12/51 10             | CUSIP: 082149AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9978492.50   | 0.61%             | 2051-12-01      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                          | MUNI ELEC AUTH OF GEORGIA MELPWR 01/49 FIXED 5              | CUSIP: 626207X25<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6198261.00   | 0.38%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP                                      | BRAZORIA CNTY TX INDL DEV CORP BZIFAC 06/42 ADJUST OID VAR  | CUSIP: 10604PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3024823.50   | 0.18%             | 2042-06-01      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                               | TREASURY BILL 10/24 0.00000                                 | CUSIP: 912797HE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55400000 | PA      | $55184378.78  | 3.37%             | 2024-10-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO STATE UNIVERSITY                                                            | OHIO ST UNIV OHSHGR 12/34 ADJUSTABLE VAR                    | CUSIP: 677632R37<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.61%             | 2034-12-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                                        | ALAMEDA CA CORRIDOR TRANSPRTN ALATRN 10/50 INT APROID VAR   | CUSIP: 010869JQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1191826.00   | 0.07%             | 2050-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HOUSING FINANCE AGENCY                                              | PENNSYLVANIA ST HSG FIN AGY SF PASSFH 10/54 FIXED 6         | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2334300.57   | 0.14%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV SALES TAX INCREMENT REVENUE                                 | LAS VEGAS NV SALES TAX INCREME LASGEN 06/35 FIXED OID 4.375 | CUSIP: 517741AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2789847.39   | 0.17%             | 2035-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/29 FIXED 5         | CUSIP: 04052TAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $777316.45    | 0.05%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COLORADO ST HLTH FACS AUTH REV COSMED 11/47 FIXED 5.5       | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4504413.20   | 0.28%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HEALTH SYSTEM                                                  | GEISINGER PA AUTH HLTH SYS REV GEIMED 04/50 FIXED 4         | CUSIP: 368497JV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6777996.40   | 0.41%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMPIRE STATE DEVELOPMENT CORPORATION                                             | NEW YORK ST URBAN DEV CORP SAL NYSFAC 03/37 FIXED 5         | CUSIP: 64985TED9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $6756527.88   | 0.41%             | 2037-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV                                    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 06/36 FIXED 4         | CUSIP: 57421CCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199162.14    | 0.01%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                           | PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0    | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  71410000 | PA      | $24235647.09  | 1.48%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNSONS CNTY FLA INDL DEV AUTH                                               | SAINT JOHNS CNTY FL INDL DEV A STJMED 12/36 FIXED 4         | CUSIP: 79041LAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938143.90    | 0.06%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE6084 FR 02/40 FIXED 4.9                 | CUSIP: 3132YBXM3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2981907 | PA      | $3290867.97   | 0.20%             | 2040-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | NEW JERSEY ST ECON DEV AUTH RE NJSDEV 06/40 FIXED 4         | CUSIP: 64577XCR5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012007.10   | 0.06%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 01/61 ZEROCPNOID 0        | CUSIP: 74442PRQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4605000 | PA      | $367410.39    | 0.02%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIVEST FUND INC                                                      | BLACKROCK MUNIVEST FUND INC BLACKROCK MUNIVEST FUND         | CUSIP: 09253R105<br>LEI: 68LQJ5NLUNQI2T9OLL41 | Long             | EC               | CORP              | US        |    376870 | NS      | $2864212.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| THIRD CREEK METROPOLITAN DISTRICT NO 1                                           | THIRD CREEK MET DIST  1 CO TCMFAC 12/51 FIXED 4.75          | CUSIP: 88423EAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $834139.40    | 0.05%             | 2051-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUBLIC FACILITIES AUTHORITY                                            | LOUISIANA ST PUBLIC FACS AUTHR LASFAC 10/29 INT APROID VAR  | CUSIP: 5463987V4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    305000 | PA      | $333975.85    | 0.02%             | 2029-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY                                                      | CMFA SPL FIN AGY CA ESSENTIAL CMFHSG 12/45 FIXED 4          | CUSIP: 12574WAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2940120.40   | 0.18%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                          | MUNI ELEC AUTH OF GA MELPWR 07/64 FIXED 5.5                 | CUSIP: 62620HHQ8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144463.20   | 0.13%             | 2064-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN HEALTH CARE REV                                                    | SAINT CLOUD MN HLTH CARE REVEN SUDMED 05/54 FIXED 5         | CUSIP: 78916VEU0<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1355180.00   | 0.08%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEVELOPMENT CORPORATION                                         | NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/40 FIXED 5.375     | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4505404.05   | 0.28%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                               | TREASURY BILL 11/24 0.00000                                 | CUSIP: 912797HP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33000000 | PA      | $32746822.35  | 2.00%             | 2024-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FAIRBANKS SQUARE CIC LP                                                          | FAIRBANKS SQUARE AFFORDAB HOU FIXED TERM LOAN               | CUSIP: 953DUHII1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6055272 | PA      | $6314126.95   | 0.39%             | 2030-10-01      | Fixed         | 6.07%                 | No            |                  3 | On Loan: No      |
| CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                             | CHARLOTTE CNTY FL INDL DEV AUT CHAUTL 10/41 FIXED 4         | CUSIP: 16080TAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2806208.10   | 0.17%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                                      | MAIN STREET NATURAL GAS INC GA MAIUTL 09/52 ADJUSTABLE VAR  | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6473993.28   | 0.40%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UNION COUNTY IMPROVEMENT AUTHORITY                                               | UNION CNTY NJ IMPT AUTH SOL WS UNNUTL 06/41 FIXED 8.5       | CUSIP: 906352AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3552149.00   | 0.22%             | 2041-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CAPE GIRARDEAU COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | CAPE GIRARDEAU CNTY MO INDL DE CPGMED 03/46 FIXED 4         | CUSIP: 139404HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1369474.26   | 0.08%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 12/62 FIXED 5.75       | CUSIP: 70868YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2257235.40   | 0.14%             | 2062-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVENIR COMMUNITY DEVELOPMENT DISTRICT                                            | AVENIR FL CDD SPL ASSMNT AVRDEV 05/43 FIXED OID 5.375       | CUSIP: 05357JAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3440000 | PA      | $3545444.26   | 0.22%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                                      | MAIN STREET NATURAL GAS INC GA MAIUTL 12/52 ADJUSTABLE VAR  | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $16401790.00  | 1.00%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01                              | AFFORDABLE HSG OPPORTUNITIES T TENGEN 04/39 FIXED 7.12      | CUSIP: 00826SAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3785000 | PA      | $3676337.57   | 0.22%             | 2039-04-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/28 FIXED 5         | CUSIP: 04052TCC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $429858.00    | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                                     | VILLAGE CDD NO 15 SPL ASSMNT R VGEDEV 05/28 FIXED 4.25      | CUSIP: 92708KAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508055.70    | 0.03%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUFFOLK TOBACCO ASSET SECURITIZATION CORPORATION                                 | SUFFOLK NY TOBACCO ASSET SECUR SFKSEC 06/66 ZEROCPNOID 0    | CUSIP: 864809CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  62170000 | PA      | $6696044.72   | 0.41%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                          | MUNI ELEC AUTH OF GA MELPWR 07/63 FIXED OID 4.5             | CUSIP: 62620HEM0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8107449.60   | 0.50%             | 2063-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY INC                                          | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 08/52 FLOATING VAR    | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3910134.93   | 0.24%             | 2052-08-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                                             | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/47 ZEROCPNOID 0    | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  70100000 | PA      | $6899865.89   | 0.42%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                               | TREASURY BILL 10/24 0.00000                                 | CUSIP: 912797KV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12300000 | PA      | $12262928.29  | 0.75%             | 2024-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTERRA METROPOLITAN DISTRICT NO 1                                              | CENTERRA CO MET DIST  1 SPL RE CETGEN 12/37 FIXED 5         | CUSIP: 15200XAF0<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4510282.05   | 0.28%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                                 | CALIFORNIA ST CAS 12/30 FIXED 3.875                         | CUSIP: 13063CXP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2710207.59   | 0.17%             | 2030-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                                   | BLACK BELT ENERGY GAS DIST AL BBEUTL 06/49 ADJUSTABLE VAR   | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3840000 | PA      | $4156396.42   | 0.25%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                       | MICHIGAN ST FIN AUTH REVENUE MISFIN 06/45 ZEROCPNOID 0      | CUSIP: 59447TJ20<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1317066.50   | 0.08%             | 2045-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                                  | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/53 FIXED 5.25       | CUSIP: 64972GF41<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4901288.92   | 0.30%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCING CORPORATION                                         | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5         | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2679234.84   | 0.16%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE6090 FR 08/40 FIXED 5.21                | CUSIP: 3132YBXT8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6660377 | PA      | $7576980.72   | 0.46%             | 2040-08-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| LUZERNE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                                  | LUZERNE CNTY PA INDL DEV AUTH LUZDEV 12/39 ADJUSTABLE VAR   | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1836441.80   | 0.11%             | 2039-12-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING FINANCE AUTHOR                                                   | INDIANA ST HSG   CMNTY DEV AUT INSMFH 07/56 ADJUSTABLE VAR  | CUSIP: 45506CAP2<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999639.40   | 0.18%             | 2056-07-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/54 FIXED OID 7.75  | CUSIP: 04052TCX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $489700.00    | 0.03%             | 2054-01-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV                                                | PHILADELPHIA PA AUTH FOR INDL PHIMFH 12/58 FIXED 5.5        | CUSIP: 717908AM9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2476954.25   | 0.15%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSPORTATION COMMISSION STATE HIGHWAY 249 SYSTEM                         | TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/57 FIXED 5          | CUSIP: 88283NAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3076856.40   | 0.19%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA COUNTY OF                                                             | MONONGALIA CNTY WV COMMISSION MONGEN 06/33 FIXED OID 5      | CUSIP: 61022DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $486684.23    | 0.03%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP                                      | BRAZORIA CNTY TX INDL DEV CORP BZIFAC 06/43 FIXED 12        | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7167064.10   | 0.44%             | 2043-06-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| TEXAS WATER DEVELOPMENT BOARD                                                    | TEXAS WTR DEV BRD ST WTR IMPLE TXSWTR 10/58 FIXED 5         | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2277258.69   | 0.14%             | 2058-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERNANDO COUNTY OF                                                               | HERNANDO CNTY FL NON AD VALORE HERGEN 06/52 FIXED 5.25      | CUSIP: 42766WAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2159733.60   | 0.13%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                          | CALIFORNIA ST INFRASTRUCTURE CASDEV 05/51 FIXED 4           | CUSIP: 13034AV23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3685000 | PA      | $3669943.09   | 0.22%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE6104 FR 01/41 FIXED 3.72                | CUSIP: 3132YBX92<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4473626 | PA      | $4427087.00   | 0.27%             | 2041-01-01      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT                                                                  | DETROIT MI DET 05/25 FIXED 5.25                             | CUSIP: 2510935T3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1767032.05   | 0.11%             | 2025-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/54 FIXED 5         | CUSIP: 650116HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2354727.60   | 0.14%             | 2054-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                | SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 01/54 ADJUSTABLE VAR  | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3232405.20   | 0.20%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTHORITY                                               | GTR ORLANDO FL AVIATION AUTH A GREAPT 10/40 FIXED 5         | CUSIP: 392274J72<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5046482.50   | 0.31%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                                     | VILLAGE CDD NO 15 SPL ASSMNT R VGEDEV 05/54 FIXED 5.25      | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3652579.70   | 0.22%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                      | ILLINOIS ST ILS 05/41 FIXED 5                               | CUSIP: 452153JY6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8842625.60   | 0.54%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN                                          | METROPOLITAN GOVERNMENT NASHVI 10/46 1                      | CUSIP: 592113CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4398559.00   | 0.27%             | 2046-10-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY ALA MED CLINIC BRD HEALTH REV                                         | MONTGOMERY AL MED CLINIC BRD H MONMED 03/30 FIXED 5         | CUSIP: 613058CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4305000 | PA      | $2927400.00   | 0.18%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED 5         | CUSIP: 650116HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2568722.75   | 0.16%             | 2060-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE5056 FR 03/41 FIXED 4.6                 | CUSIP: 3132YATM0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2600000 | PA      | $2822392.09   | 0.17%             | 2041-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGENCY INC                                                         | CAPITAL TRUST AGY FL SENIOR 07/48  5.25                     | CUSIP: 140542BQ3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $2975.00      | 0.00%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 12/43 FIXED 5         | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024932.60   | 0.06%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND POWER AUTHORITY                                                      | LONG ISLAND NY PWR AUTH ELEC S LSLPWR 09/51 ADJUSTABLE VAR  | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2461671.94   | 0.15%             | 2051-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE5042 FR 06/43 FIXED 3.6                 | CUSIP: 3132YAS74<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3324139 | PA      | $3231160.13   | 0.20%             | 2043-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP                                                                    | TENNERGY CORP TN GAS REVENUE TGYPWR 12/51 ADJUSTABLE VAR    | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |  10185000 | PA      | $10365929.40  | 0.63%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF WARRICK IN                                                             | WARRICK CNTY IN ENVRNMNTL IMPT WARFAC 09/55 ADJUSTABLE VAR  | CUSIP: 936195AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022356.90   | 0.06%             | 2055-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/36 FIXED OID 4     | CUSIP: 64542PAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $1661323.06   | 0.10%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 07/42 FIXED OID 5      | CUSIP: 70869PPF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142564.40   | 0.13%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN                                          | MET GOVT NASHVILLE   DAVIDSON METHSG 10/45 ADJUSTABLE VAR   | CUSIP: 592113CM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5298929.93   | 0.32%             | 2045-10-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                           | PUERTO RICO SALES TAX FING COR PRCGEN 07/51 ZEROCPNOID 0    | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  95339000 | PA      | $23514001.00  | 1.44%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                      | ILLINOIS ST ILS 10/34 FIXED OID 4                           | CUSIP: 4521526Y2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3476822.32   | 0.21%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEXAS TURNPIKE SYSTEM                                                    | TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/42 FIXED 5          | CUSIP: 88283KAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001429.40   | 0.06%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROSSWINDS EAST COMMUNITY DEVELOPMENT DISTRICT                                   | CROSSWINDS EAST CDD FL SPL ASS CEADEV 05/44 FIXED 5.5       | CUSIP: 22769LAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034859.90   | 0.06%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH ECON AZSDEV 07/31 FIXED 5.5        | CUSIP: 040523AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $13000.00     | 0.00%             | 2031-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY                                         | CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/38 ADJUSTABLE VAR   | CUSIP: 160853MR5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   7345000 | PA      | $7345000.00   | 0.45%             | 2038-01-15      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE INDEPENDENT SCHOOL DISTRICT                                           | WAXAHACHIE TX INDEP SCH DIST WAXSCD 02/53 FIXED OID 4       | CUSIP: 944097A79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3386711.30   | 0.21%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY ORE HOSP FAC AUTH REV                                             | CLACKAMAS CNTY OR HOSP FAC AUT CLAMED 11/55 FIXED 5.375     | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $756052.28    | 0.05%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION                             | MINNEAPOLIS SAINT PAUL MN MET MINAPT 01/36 FIXED 5          | CUSIP: 603827K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2065190.56   | 0.13%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV                                    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/43 FIXED 3.762     | CUSIP: 57421CDT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1516025.40   | 0.09%             | 2043-01-01      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTERNATIONAL AIRPORT                                              | CHICAGO IL O HARE INTERNATIONA CHITRN 01/56 FIXED 5.25      | CUSIP: 167593Y63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072257.40   | 0.07%             | 2056-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREENWOOD INDEPENDENT SCHOOL DISTRICT                                            | GREENWOOD TX INDEP SCH DIST GNWSCD 02/54 FIXED OID 4        | CUSIP: 397370KJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2349696.00   | 0.14%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGENCY INC                                                         | CAPITAL TRUST AGY FL SENIOR LI CPTMED 07/43 FIXED 5         | CUSIP: 140542BP5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $2975.00      | 0.00%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD POOL                                                            | FED HM LN PC POOL WE6065 FR 07/40 FIXED 3.79                | CUSIP: 3132YBW28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   4176160 | PA      | $4136968.50   | 0.25%             | 2040-07-01      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HOUSING FINANCE AGENCY                                              | PENNSYLVANIA ST HSG FIN AGY SF PA HSG FIN AGY 146A          | CUSIP: 70879QXV0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1239169.36   | 0.08%             | 2054-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                                        | INDIANA ST FIN AUTH STUDENT HS INDHSG 07/54 FIXED 5         | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039562.70   | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI HLTHCARE FA PUBMEC 07/39 FIXED 5         | CUSIP: 74444KBU7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510333.25    | 0.03%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INLIVIAN                                                                         | FAIRHAVEN GLEN TAXABLE CONSTRUCT                            | CUSIP: BA00061Z5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10105441 | PA      | $10105441.00  | 0.62%             | 2027-11-01      | Floating      | 7.63%                 | No            |                  3 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT                                              | LAKEWOOD RANCH FL STEWARDSHIP LKRGEN 05/46 FIXED OID 5.125  | CUSIP: 51265KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5029574.50   | 0.31%             | 2046-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                 | CALIFORNIA ST POLL CONTROL FIN CASPOL 12/28 FIXED OID 6.75  | CUSIP: 130536RF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $245625.00    | 0.01%             | 2028-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORPORATION                                                   | BUILD NYC RESOURCE CORP NY REV BUIGEN 12/50 FIXED OID 5.625 | CUSIP: 12008EPK6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   7035000 | PA      | $6549943.79   | 0.40%             | 2050-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MISSION ECONOMIC DEVELOPMENT CORPORATION                                         | MISSION TX ECON DEV CORP SOL W MISPOL 06/54 ADJUSTABLE VAR  | CUSIP: 605155BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4377794.95   | 0.27%             | 2054-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE2060 FR 02/38 FIXED 3.85                | CUSIP: 3132Y7JD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2190599 | PA      | $2205395.95   | 0.13%             | 2038-02-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                                | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 11/53 ADJUSTABLE VAR  | CUSIP: 13034DAF1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5392658.31   | 0.33%             | 2053-11-01      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY                                   | NEW JERSEY ST TRANSPRTN TRUST NJSTRN 06/43 FIXED 5          | CUSIP: 64613CEF1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2775986.00   | 0.17%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY                                      | NEW YORK CITY NY INDL DEV AGY NYCDEV 03/26 CPI LINKED VAR   | CUSIP: 64971PFB6<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3009282.30   | 0.18%             | 2026-03-01      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO ST HSG FIN AGY RSDL MTGE OHSHSG 03/55 FIXED 6.25       | CUSIP: 67756Q8B6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1800263.52   | 0.11%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | OHIO ST AIR QUALITY DEV AUTH E OHSDEV 07/49 FIXED 5         | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |  13350000 | PA      | $13360144.67  | 0.82%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF COLBY KS                                                                 | COLBY KS HOSP LOAN ANTICIPATIO CLBMED 07/26 FIXED 5.5       | CUSIP: 19277TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3327729.57   | 0.20%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/44 FIXED 5.25      | CUSIP: 650116HJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6472489.20   | 0.40%             | 2044-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS                                | TEXAS ST DEPT OF HSG   CMNTY A TXSSFH 07/53 FIXED 5.5       | CUSIP: 882750UA8<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   4405000 | PA      | $4795917.32   | 0.29%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                       | MICHIGAN ST FIN AUTH ACT 38 FA MGFFAC 02/43 FIXED 5.25      | CUSIP: 59447NBA3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1520035.14   | 0.09%             | 2043-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH FINANCING AUTHORITY                                                 | CMWLTH FING AUTH PA TOBACCO MA CMNGEN 06/39 FIXED OID 4     | CUSIP: 20282EAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007620.90   | 0.06%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 01/48 FIXED OID 6.375     | CUSIP: 74442PJV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $900000.00    | 0.05%             | 2048-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRICT NO 7                         | COLORADO INTL CTR MET DIST NO CICDEV 12/51 INT APROID VAR   | CUSIP: 19650TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6375000 | PA      | $4091047.88   | 0.25%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| THE ATLANTA DEVELOPMENT AUTHORITY                                                | ATLANTA GA DEV AUTH SENIOR HLT ATLMED 01/40 FIXED OID 7     | CUSIP: 04781GAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $180000.00    | 0.01%             | 2040-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RIO HONDO CALIF CMNTY COLLEGE DIST                                               | RIO HONDO CA CMNTY CLG DIST RHDHGR 08/46 ZEROCPNOID 0       | CUSIP: 767121EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $1461875.60   | 0.09%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                      | ILLINOIS ST ILS 12/43 FIXED 5                               | CUSIP: 452153HP7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11977672.30  | 0.73%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                                      | MAIN STREET NATURAL GAS INC GA MAIUTL 12/53 ADJUSTABLE VAR  | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7600000 | PA      | $8280975.96   | 0.51%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF GRAND FORKS                                                            | GRAND FORKS CNTY ND GRADEV 12/31 FIXED 6.625                | CUSIP: 38543PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $15.00        | 0.00%             | 2031-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA ST MUNI FIN AUTH ST CASFIN 07/52 FIXED 5         | CUSIP: 13049YER8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969284.80    | 0.06%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | OHIO ST AIR QUALITY DEV AUTH OHSDEV 11/39 ADJUSTABLE VAR    | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   5045000 | PA      | $5138635.70   | 0.31%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI HLTHCARE FA PUBMEC 07/37 FIXED 5         | CUSIP: 74444KBS2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516016.15    | 0.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WATER & SANITATION DISTRICT                                             | DOMINION WTR   SANTN DIST CO R DOMWTR 12/52 FIXED 5.875     | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9250000 | PA      | $9543283.28   | 0.58%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY                                    | MICHIGAN ST TOBACCO SETTLEMENT MISGEN 06/46 ZEROCPNOID 0    | CUSIP: 594751AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  38000000 | PA      | $5347485.40   | 0.33%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/32 FIXED 5         | CUSIP: 57584YF95<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $277050.98    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INVESCO QUALITY MUNICIPAL INCOME TRUST                                           | INVESCO QUALITY MUNICIPAL INCO INVESCO QUALITY MUNI INC TR  | CUSIP: 46133G107<br>LEI: WLEGDSEH0E242WVNUY02 | Long             | EC               | CORP              | US        |    458853 | NS      | $4790425.32   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTGOMERY ALA MED CLINIC BRD HEALTH REV                                         | MONTGOMERY AL MED CLINIC BRD H MONMED 03/28 FIXED 5         | CUSIP: 613058CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $2958000.00   | 0.18%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 09/30 FIXED 3         | CUSIP: 13048VUM8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $1992286.73   | 0.12%             | 2030-09-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC PUBFIN 06/45 FIXED OID 6.5   | CUSIP: 74443DGE5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2791792.11   | 0.17%             | 2045-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LONGS PEAK METROPOLITAN DISTRICT                                                 | LONGS PEAK MET DIST CO LPMGEN 12/51 FIXED 5.25              | CUSIP: 54316AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523632.00   | 0.15%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                          | FREDDIE MAC MULTIFAMILY FRETE 2023 ML15 A                   | CUSIP: 3137HA4G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   7906951 | PA      | $8157594.67   | 0.50%             | 2040-01-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                            | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 07/56 FIXED 4         | CUSIP: 126292AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4295000 | PA      | $3430249.42   | 0.21%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/27 FIXED 5         | CUSIP: 04052TCB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $427194.60    | 0.03%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 01/27 FIXED 5         | CUSIP: 650116CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5152767.50   | 0.31%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SENAC SOUTH METROPOLITAN DISTRICT NO 1                                           | SENAC SOUTH MET DIST  1 CO SESFAC 12/51 FIXED 5.25          | CUSIP: 81685AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2915000 | PA      | $2703828.36   | 0.17%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALT VERDE FINANCIAL CORPORATION                                                 | SALT VERDE AZ FINANCIAL CORP S SLTPWR 12/37 FIXED OID 5     | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3357287.40   | 0.21%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 12/57 FIXED OID 5      | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2526527.52   | 0.15%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION                             | MINNEAPOLIS SAINT PAUL MN MET MINAPT 01/34 FIXED 5          | CUSIP: 603827K39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093573.20   | 0.07%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY MUNICIPAL AUTHORITY                                                 | BERKS CNTY PA MUNI AUTH BERKS CO MUNI AUTH A                | CUSIP: 084538JG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     37000 | PA      | $40230.99     | 0.00%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                          | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/61 ZEROCPNOID 0      | CUSIP: 13034AR28<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $245537.54    | 0.01%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                       | MICHIGAN ST FIN AUTH ACT 38 FA MGFFAC 02/44 FIXED OID 4.125 | CUSIP: 59447NBB1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    700000 | PA      | $696228.96    | 0.04%             | 2044-02-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 06/40 FIXED 5.5        | CUSIP: 70868YAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5565258.00   | 0.34%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COUNTY OF PALM BEACH FL                                                          | PALM BEACH CNTY FL REVENUE PALGEN 06/57 FIXED 5             | CUSIP: 696547HN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $468695.90    | 0.03%             | 2057-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REUNION METROPOLITAN DISTRICT                                                    | REUNION MET DIST CO SPL REVENU REUFAC 12/44 FIXED OID 3.625 | CUSIP: 76133UAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5258095 | PA      | $4047961.86   | 0.25%             | 2044-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                           | CS AT1 CLAIMS US225401AK46 CREDIT SUISSE GROUP AG           | CUSIP: 952NPK908<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $382500.00    | 0.02%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIVER AUTHORITY                                                | ANGELINA NECHES RIVER AUTH I ANGDEV 12/45 FIXED 7.5         | CUSIP: 03469KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $1852008.70   | 0.11%             | 2045-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD POOL                                                            | FED HM LN PC POOL WE6072 FR 07/39 FIXED 3.85                | CUSIP: 3132YBW93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   4936048 | PA      | $4886127.97   | 0.30%             | 2039-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                                        | INDIANA ST FIN AUTH EXEMPT FAC INSGEN 03/39 FIXED OID 7     | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  10490000 | PA      | $5201705.67   | 0.32%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE5061 FR 01/39 FIXED 4                   | CUSIP: 3132YATS7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1386000 | PA      | $1427690.12   | 0.09%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON BLUFF COMMUNITY DEVELOPMENT DISTRICT                                    | HAMILTON BLUFF CMNTY DEV DIST HBFDEV 05/54 FIXED OID 5.8    | CUSIP: 40702EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023557.80   | 0.06%             | 2054-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA ST MUNI FIN AUTH MF CASMFH 11/36 FIXED 4         | CUSIP: 130483ES5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3542335.72   | 0.22%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY SANITARY AUTHORITY                                              | ALLEGHENY CNTY PA SAN AUTH ALLUTL 12/49 FIXED 5             | CUSIP: 017357R63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1358940.75   | 0.08%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DISTRICT                                                        | WISCONSIN CENTER DIST WI TAX R WISGEN 12/45 ZEROCPNOID 0    | CUSIP: 976595FU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $6745135.90   | 0.41%             | 2045-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE DORMITORY AUTHORITY                                               | NEW YORK ST DORM AUTH ST PERSO NYSHGR 03/54 FIXED OID 4     | CUSIP: 64990F6W9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4112412.20   | 0.25%             | 2054-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SACRAMENTO CA                                                            | SACRAMENTO CA SPL TAX SACGEN 09/50 FIXED 4                  | CUSIP: 786071RC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $943210.00    | 0.06%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LYNCHBURG ECONOMIC DEVELOPMENT AUTHORITY                                         | LYNCHBURG VA ECON DEV AUTH HOS LNCMED 01/41 FIXED 4         | CUSIP: 55123TBP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $456405.77    | 0.03%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL INDUSTRIAL DEVELOPMENT BOARD                                             | BRISTOL TN INDL DEV BRD ST SAL BRIDEV 12/24 ZEROCPNOID 0    | CUSIP: 11023PAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2977496.10   | 0.18%             | 2024-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                                  | KENTUCKY ST ECON DEV FIN AUTH KYSMED 07/31 FIXED OID 4.25   | CUSIP: 49126TBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1285196.48   | 0.08%             | 2031-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COUNTY OF OSCEOLA FL TRANSPORTATION REVENUE                                      | OSCEOLA CNTY FL TRANSPRTN REVE OSCTRN 10/35 ZEROCPNOID 0    | CUSIP: 688031EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $805664.50    | 0.05%             | 2035-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 06/53 FIXED OID 5.25   | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529102.95    | 0.03%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/41 FIXED 3.51        | CUSIP: 45204FED3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2070000 | PA      | $1706914.34   | 0.10%             | 2041-05-15      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEVELOPMENT CORPORATION                                         | NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/44 FIXED 5         | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12007689.60  | 0.73%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED OID 5.125 | CUSIP: 650116GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5226071.00   | 0.32%             | 2060-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REAGAN RANCH DEVELOPMENT LLC                                                     | REAGAN RANCH DEVELOP LLC SR UNSECURED 09/31 8.5             | CUSIP: 75580UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8506724.01   | 0.52%             | 2031-09-01      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 03/56 FIXED 4             | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3492618.80   | 0.21%             | 2056-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTERNATIONAL AIRPORT                                              | CHICAGO IL O HARE INTERNATIONA CHITRN 01/55 FIXED 5.5       | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $13088036.40  | 0.80%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HARVEST CROSSING METROPOLITAN DISTRICT NO 4                                      | HARVEST CROSSING MET DIST 12/52 7.25                        | CUSIP: 41753TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2529164.25   | 0.15%             | 2052-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MERCER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                                   | MERCER CNTY PA INDL DEV AUTH C MERHGR 10/50 FIXED 6.125     | CUSIP: 58787LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $1666137.75   | 0.10%             | 2050-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GUAM DEPARTMENT OF EDUCATION                                                     | GUAM GOVT DEPT OF EDU COPS GMSEDU 02/30 FIXED 4.25          | CUSIP: 40065AAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1500000 | PA      | $1491719.25   | 0.09%             | 2030-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIYIELD QUALITY FUND III INC                                         | BLACKROCK MUNIYIELD QUALITY FU BLACKROCK MUNIYIELD QLTY III | CUSIP: 09254E103<br>LEI: UB5J2GS6Q51M6A2L8886 | Long             | EC               | CORP              | US        |    490934 | NS      | $5891208.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                     | LONG BEACH CA ARPT REVENUE LONAPT 06/47 FIXED 5.25          | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180167.40   | 0.13%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/39 FIXED 4           | CUSIP: 45204FBD6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5370000 | PA      | $5407499.78   | 0.33%             | 2039-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORPORATION I                         | TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/26 FLOATING VAR     | CUSIP: 88256CAX7<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999955.90   | 0.18%             | 2026-12-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/49 ADJUSTABLE VAR    | CUSIP: 45204FAH8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7700000.00   | 0.47%             | 2049-08-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| TRANSPORT METROPOLITAN DISTRICT NO 3                                             | TRANSPORT MET DIST  3 CO TMDDEV 12/51 FIXED 5               | CUSIP: 89386FAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $409583.25    | 0.03%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HOSP R                                         | VIRGINIA ST SMALL BUSINESS FIN VASHGR 07/52 FIXED OID 7.5   | CUSIP: 92810PAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170045 | PA      | $2502027.00   | 0.15%             | 2052-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY                   | MULTIFAMILY TAX EXEMPT MORTGAG MTEMS 2023 07FN PT           | CUSIP: 83712LAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6379052.40   | 0.39%             | 2043-07-01      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY                            | WISCONSIN ST HLTH   EDUCTNL FA WISMED 08/46 FIXED 4         | CUSIP: 97712JDM2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3978074.40   | 0.24%             | 2046-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY COUNTY INDUSTRIAL DEVELOPMENT BOARD                               | MEMPHIS SHELBY CNTY TN INDL DE MEMDEV 07/37 FIXED OID 5.5   | CUSIP: 58611YAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1090050.79   | 0.07%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | OHIO ST AIR QUALITY DEV AUTH OHSDEV 12/38 ADJUSTABLE VAR    | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945981.90    | 0.06%             | 2038-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| CITY OF WHITING INDIANA                                                          | WHITING IN ENVRNMNTL FACS REVE WHGFAC 03/46 ADJUSTABLE VAR  | CUSIP: 96634RAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12829835.00  | 0.78%             | 2046-03-01      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| DELAWARE STATE ECON DEV                                                          | DELAWARE ST ECON DEV AUTH REVE DESDEV 10/45 ADJUSTABLE VAR  | CUSIP: 246387SV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2433990.75   | 0.15%             | 2045-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| YONKERS NY ECONOMIC DEV CORP EDL REV                                             | YONKERS NY ECON DEV CORP EDUCT YONDEV 10/54 FIXED 5         | CUSIP: 98608MAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $934500.08    | 0.06%             | 2054-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM AIRPORT AUTHORITY                                                 | RALEIGH DURHAM NC ARPT AUTH AR RALAPT 05/36 ADJUSTABLE VAR  | CUSIP: 751073GK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7530000 | PA      | $7530000.00   | 0.46%             | 2036-05-01      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| BLYTHE TOWNSHIP SOLID WASTE AUTHORITY                                            | BLYTHE TWP PA SOL WST AUTH REV BLYPOL 12/37 FIXED 7.75      | CUSIP: 096464AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $2020903.63   | 0.12%             | 2037-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HOUSING FINANCE AGENCY                                                 | MINNESOTA ST HSG FIN AGY MN HSG FIN AGY O REV               | CUSIP: 60416UGU3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1944804.59   | 0.12%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA CMNTY CHOICE FING A CCEDEV 10/54 ADJUSTABLE VAR  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2798518.75   | 0.17%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEVELOPMENT BOARD                                                    | TEXAS WTR DEV BRD ST WTR IMPLE TXSWTR 10/57 FIXED 5         | CUSIP: 88285ABK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1886286.50   | 0.12%             | 2057-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | MET WASHINGTON DC ARPTS AUTH A METAPT 10/49 FIXED 5.25      | CUSIP: 592647NF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10921400.00  | 0.67%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP                                      | BRAZORIA CNTY TX INDL DEV CORP BZIFAC 03/39 FIXED 9         | CUSIP: 10604PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2151000.00   | 0.13%             | 2039-03-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION                 | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/51 FIXED OID 5     | CUSIP: 87638QSE0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4280202.00   | 0.26%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL                                                                  | TOLEDO HOSPITAL/THE SECURED 11/28 5.325                     | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4819542.00   | 0.29%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| PARISH OF ST JAMES LA                                                            | SAINT JAMES PARISH LA REVENUE STJGEN 08/41 ADJUSTABLE VAR   | CUSIP: 790103AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533933.50   | 0.15%             | 2041-08-01      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI RETMNT FAC PUBFIN 03/45 FIXED 5.25       | CUSIP: 74444VAV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506942.90   | 0.09%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INLAND EMPIRE TOBACCO SECURITIZATION CORPORATION                                 | INLAND EMPIRE CA TOBACCO SECUR INEGEN 06/38 FIXED 3.678     | CUSIP: 45734TAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2524565.00   | 0.15%             | 2038-06-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FINGA PASDEV 12/38 ADJUSTABLE VAR  | CUSIP: 708686ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038397.20   | 0.12%             | 2038-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| THE DEVELOPMENT AUTHORITY OF BURKE COUNTY                                        | BURKE CNTY GA DEV AUTH POLL CO BURPOL 11/45 FIXED 4.125     | CUSIP: 121342PM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4854315.50   | 0.30%             | 2045-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT MI SEWAGE DISPOSAL SYSTEM REVENUE                                | DETROIT MI SWR DISP SYS REVENU DETUTL 07/32 FLOATING VAR    | CUSIP: 251237W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2870332.60   | 0.18%             | 2032-07-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO                                                                  | CHICAGO IL COPS TAX INCR ALLOC CHI 03/34 FIXED 5            | CUSIP: 16752QAS7<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1663875 | PA      | $1663872.32   | 0.10%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE                            | SAN ANTONIO TX ELEC   GAS REVE SANUTL 12/45 ADJUSTABLE VAR  | CUSIP: 79625GDH3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3754314.80   | 0.23%             | 2045-12-01      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT                             | MIDA MOUNTAIN VLG PUBLIC INFRA MMVFAC 08/50 FIXED OID 4     | CUSIP: 59561TAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1758993.00   | 0.11%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS AREA RAPID TRANSIT                                                        | DALLAS TX AREA RAPID TRANSIT S DALTRN 12/51 FIXED 4         | CUSIP: 235241WS1<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2935603.80   | 0.18%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK COUNTIES TOBACCO TRUST V                                                | NEW YORK CNTYS NY TOBACCO TRUS NYSGEN 06/60 ZEROCPNOID 0    | CUSIP: 649441AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  90000000 | PA      | $4283856.00   | 0.26%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH DEVELOPMENT AUTHORITY                                             | VIRGINIA BEACH VA DEV AUTH RSD VBHDEV 09/53 FIXED 7         | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4078575.20   | 0.25%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF GRAND FORKS                                                            | GRAND FORKS CNTY ND GRADEV 12/43 FIXED 7                    | CUSIP: 38543PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $10.00        | 0.00%             | 2043-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                             | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/26 FIXED 5.25      | CUSIP: 74526YDT9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  10600000 | PA      | $4478500.00   | 0.27%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| THE CENTRAL ETOWAH COUNTY SOLID WASTE DISPOSAL AUTHORITY                         | CENTRL ETOWAH CNTY SOL WST DIS CETPOL 07/45 FIXED 6         | CUSIP: 15343TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1030361.71   | 0.06%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                                   | BLACK BELT ENERGY GAS DIST AL BBEUTL 06/51 ADJUSTABLE VAR   | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3626082.24   | 0.22%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY ORE HOSP FAC AUTH REV                                             | CLACKAMAS CNTY OR HOSP FAC AUT CLAMED 05/52 FIXED 5         | CUSIP: 179027YB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $344126.14    | 0.02%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORPORATION                                       | DALLAS TX HSG FIN CORP RSDL DE DALHSG 12/62 FIXED OID 6     | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3013267.20   | 0.18%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN COUNTY OHIO                                                             | FRANKLIN CNTY OH HOSP FACS REV FRAMED 11/42 ADJUSTABLE VAR  | CUSIP: 353187EW3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9500000.00   | 0.58%             | 2042-11-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI HLTHCARE FA PUBMEC 07/41 FIXED 5         | CUSIP: 74444KBW3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507470.75    | 0.03%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                          | FREDDIE MAC MULTIFAMILY FRETE 2023 ML20 AUS                 | CUSIP: 3137HBCD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |  10550156 | PA      | $11182858.14  | 0.68%             | 2040-08-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| CHANDLER INDUSTRIAL DEVELOPMEN                                                   | CHANDLER AZ INDL DEV AUTH INDL CHADEV 06/49 ADJUSTABLE VAR  | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8918154.08   | 0.54%             | 2049-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                                  | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR   | CUSIP: 64972GCN2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  18760000 | PA      | $18760000.00  | 1.15%             | 2050-06-15      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01                              | AFFORDABLE HSG OPPORTUNITIES T TENGEN 04/39 FIXED 8.933     | CUSIP: 00826SAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21460000 | PA      | $20922999.98  | 1.28%             | 2039-04-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| THE ATLANTA DEVELOPMENT AUTHORITY                                                | ATLANTA GA DEV AUTH ATLDEV 04/34 FIXED 5                    | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $721684.18    | 0.04%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA HEALTH SYSTEMS                                                             | TAMPA FL CAPITAL IMPT CIGARETT TAMGEN 09/42 ZEROCPNOID 0    | CUSIP: 875146BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $456371.70    | 0.03%             | 2042-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | OHIO ST AIR QUALITY DEV AUTH OHSDEV 11/40 ADJUSTABLE VAR    | CUSIP: 677525WS2<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053547.60   | 0.13%             | 2040-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| COUNTY OF LEE FL AIRPORT REVENUE                                                 | LEE CNTY FL ARPT REVENUE LEE CO REV                         | CUSIP: 523470HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2727106.75   | 0.17%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS TOLLWAY AUTHORITY                                                    | N TX TOLLWAY AUTH REVENUE N TX TOLLWY B REF                 | CUSIP: 66285WS56<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3188816.12   | 0.19%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HOUSING AND FINANCE ASSOCIATION                                            | IDAHO ST HSG   FIN ASSN SF MTG IDSSFH 01/49 FIXED 4.6       | CUSIP: 45129Y5H5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2520681.62   | 0.15%             | 2049-01-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HOUSING FINANCE AGENCY                                            | NORTH CAROLINA ST HSG FIN AGY NC HSG FIN 54 A REV           | CUSIP: 6582077Q2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2053616.94   | 0.13%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO                                       | GDB DEBT RECOVERY AUTH OF CMWL PRCDEV 08/40 FIXED OID 7.5   | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17968647 | PA      | $17519430.83  | 1.07%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| INLIVIAN                                                                         | FAIRHAVEN GLEN FIXED TAX EXEMPT CONSTRUCTIONB               | CUSIP: BA00061T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $890000.00    | 0.05%             | 2041-12-12      | Fixed         | 9.71%                 | No            |                  3 | On Loan: No      |
| COLORADO SCH MINES AUX FACS REV                                                  | COLORADO ST SCH OF MINES INSTN COSFAC 12/54 FIXED 5         | CUSIP: 19658QJB4<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3800499.85   | 0.23%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGENCY INC                                                         | CAPITAL TRUST AGY FL SENIOR LI CPTMED 07/33 FIXED 5         | CUSIP: 140542BH3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    500000 | PA      | $100000.00    | 0.01%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORPORATION                                         | TENNESSEE ENERGY ACQUISITION C TNSUTL 05/52 ADJUSTABLE VAR  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5423735.00   | 0.33%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON COUNTY RESIDENTIAL CARE                                                   | FULTON CNTY GA RSDL CARE FACS FULMED 04/56 FIXED 4          | CUSIP: 360058FR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1706912.60   | 0.10%             | 2056-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/46 FIXED 5         | CUSIP: 64542PBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $1848000.00   | 0.11%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                                      | MAIN STREET NATURAL GAS INC GA MAIUTL 07/52 ADJUSTABLE VAR  | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3543984.15   | 0.22%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY                       | CALHOUN CNTY TX NAVIGATION IND CLHDEV 07/26 FIXED 6.5       | CUSIP: 129729AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2687527.70   | 0.16%             | 2026-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY                                   | NEW JERSEY ST TRANSPRTN TRUST NJSTRN 12/32 ZEROCPNOID 0     | CUSIP: 646136XK2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1517630.40   | 0.09%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                         | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/46 FIXED 4         | CUSIP: 57584YG94<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951739.30    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE                 | WASHINGTON DC MET AREA TRANSIT WA MET AREA TRANSIT A        | CUSIP: 93878YDX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3608720.28   | 0.22%             | 2056-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                               | TREASURY BILL 10/24 0.00000                                 | CUSIP: 912797LT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  42000000 | PA      | $41923102.63  | 2.56%             | 2024-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MEDICAL CARE COMMISSION                                           | NORTH CAROLINA ST MED CARE COM NCSMED 11/34 ADJUSTABLE VAR  | CUSIP: 657902U91<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |  54200000 | PA      | $54200000.00  | 3.31%             | 2034-11-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY HEALTH AND HOSPITALS CORPORATION                                   | NEW YORK CITY NY HLTH   HOSP C NYCMED 02/31 ADJUSTABLE VAR  | CUSIP: 649674GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11050000 | PA      | $11050000.00  | 0.67%             | 2031-02-15      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PENNSYLVANIA ST ECON DEV FING PASDEV 04/51 ADJUSTABLE VAR   | CUSIP: 708692BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5761721.50   | 0.35%             | 2051-04-01      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                                  | COLLIER CNTY FL INDL DEV AUTH COLDEV 10/54 FIXED 5          | CUSIP: 194641BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2703473.75   | 0.17%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                          | MUNI ELEC AUTH OF GA MELPWR 01/39 FIXED 5                   | CUSIP: 62620HJS2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126412.00   | 0.07%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/39 FIXED 6         | CUSIP: 13048VQ27<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7454036.80   | 0.46%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                       | MICHIGAN ST FIN AUTH REVENUE MISFIN 06/65 ZEROCPNOID 0      | CUSIP: 59447TM26<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  30650000 | PA      | $3609172.36   | 0.22%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE6111 FR 01/40 FIXED 3.8                 | CUSIP: 3132YBYG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   9951798 | PA      | $9996866.80   | 0.61%             | 2040-01-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                          | MUNI ELEC AUTH OF GA MELPWR 01/37 FIXED 5                   | CUSIP: 62620HJQ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2270827.60   | 0.14%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                         | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5         | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1287954.94   | 0.08%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM AND EXPOSITION DISTRICT                                        | LOUISIANA STADIUM   EXPOSITION LASFAC 07/42 FIXED 5         | CUSIP: 546410CV1<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2854227.09   | 0.17%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                      | STATE OF ILLINOIS 02/36 5                                   | CUSIP: 452153KV0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8670000 | PA      | $9850451.71   | 0.60%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI SPL REVENUE PUBFAC 12/29 FIXED OID 6.125 | CUSIP: 74447TAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3522114.40   | 0.22%             | 2029-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                      | ILLINOIS ST ILS 05/44 FIXED 5.25                            | CUSIP: 452153KB4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6662614.80   | 0.41%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI REVENUE PUBGEN 09/51 FIXED 4             | CUSIP: 74442PTF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    985000 | PA      | $874645.33    | 0.05%             | 2051-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | OHIO ST AIR QUALITY DEV AUTH OHSDEV 04/28 ADJUSTABLE VAR    | CUSIP: 677525WL7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.06%             | 2028-04-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| SELMA INDUSTRIAL DEVELOPMENT BOARD                                               | SELMA AL INDL DEV BRD REVENUE SELDEV 11/33 ADJUSTABLE VAR   | CUSIP: 81647PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.03%             | 2033-11-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP                                      | BRAZORIA CNTY TX INDL DEV CORP BZIFAC 03/39 FIXED 7         | CUSIP: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $868500.00    | 0.05%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                                   | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4712226.50   | 0.29%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                          | CALIFORNIA ST INFRASTRUCTURE CASDEV 12/50 FLOATING VAR      | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1749848.63   | 0.11%             | 2050-12-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY WIS HOSPS & CLINICS AUTH REV                                          | UNIV HOSPS   CLINICS AUTH WI UNVMED 04/48 ADJUSTABLE VAR    | CUSIP: 915260CL5<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |  13025000 | PA      | $13025000.00  | 0.80%             | 2048-04-01      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| FARMINGTON N.M. POLLUTION CONTROL                                                | FARMINGTON NM POLL CONTROL REV FARPOL 04/29 FIXED 1.8       | CUSIP: 311450GA2<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   8440000 | PA      | $7763967.82   | 0.47%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| GILBERTS SPECIAL SERVICE AREA NO 25                                              | GILBERTS IL SPL SVC AREA  25 S GILFAC 03/48 INT APROID VAR  | CUSIP: 37546TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4960000 | PA      | $4977411.58   | 0.30%             | 2048-03-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE METROPOLITAN DISTRICT/THE                                                | VILLAGE MET DIST CO VLLFAC 12/40 FIXED 5                    | CUSIP: 92708CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013677.80   | 0.06%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 09/50 FIXED 4         | CUSIP: 13048VUP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1756545.20   | 0.11%             | 2050-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                           | PUERTO RICO SALES TAX FING COR PRCGEN 07/58 FIXED 4.784     | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1880000 | PA      | $1885016.22   | 0.12%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA CMNTY CHOICE FING A CCEDEV 11/54 ADJUSTABLE VAR  | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2178182.20   | 0.13%             | 2054-11-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 08/26 FIXED 2.25      | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1292314.77   | 0.08%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                      | ILLINOIS ST ILS 05/37 FIXED 5                               | CUSIP: 452153JU4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3265869.22   | 0.20%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                 | CALIFORNIA ST POLL CONTROL FIN CASPOL 12/39 FIXED OID 7.5   | CUSIP: 130536RK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2451113 | PA      | $245.11       | 0.00%             | 2039-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| THE DEVELOPMENT AUTHORITY OF MONROE COUNTY                                       | MONROE CNTY GA DEV AUTH POLL C MONPOL 01/39 ADJUSTABLE VAR  | CUSIP: 610530FE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987187.70    | 0.06%             | 2039-01-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| MANSFIELD INDEPENDENT SCHOOL DISTRICT                                            | MANSFIELD TX INDEP SCH DIST MNFSCD 02/54 FIXED OID 4        | CUSIP: 564386UE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6829967.20   | 0.42%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                                | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAK0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3301987.65   | 0.20%             | 2053-03-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEVELOPMENT BOARD                                                    | TEXAS WTR DEV BRD ST WTR IMPLE TXSWTR 10/47 FIXED 4.125     | CUSIP: 88285AFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7330000 | PA      | $7387187.19   | 0.45%             | 2047-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BRADLEY HEIGHTS METROPOLITAN DISTRICT NO 2                                       | BRADLEY HEIGHTS MET DIST  2 CO BRHDEV 12/51 FIXED 4.75      | CUSIP: 104571AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $5062791.25   | 0.31%             | 2051-12-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| INLIVIAN                                                                         | FAIRHAVEN GLEN FIXED TAX EXEMPT CONSTRUCTIONA               | CUSIP: BA00061X0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12210000 | PA      | $12209805.37  | 0.75%             | 2067-01-01      | Floating      | 6.26%                 | No            |                  3 | On Loan: No      |
| CAPITAL TRUST AGENCY INC                                                         | CAPITAL TRUST AGY FL REVENUE CPTGEN 01/61 ZEROCPNOID 0      | CUSIP: 14052WDV6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   5620000 | PA      | $448392.26    | 0.03%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                                 | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |  49552499 | PA      | $32456886.74  | 1.98%             | 2051-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF ADAMS OH                                                               | ADAMS CNTY OH HOSP FACS REVENU ADMMED 10/49 FIXED 6.9       | CUSIP: 00610PAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2440000.00   | 0.15%             | 2049-10-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HEALTH SYSTEM                                                  | GEISINGER PA AUTH HLTH SYS REV GEIMED 02/47 FIXED 4         | CUSIP: 368497HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12802394.80  | 0.78%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS COALITION                                                    | SOUTH CAROLINA ST JOBS ECON DE SCSPOL 06/51 FIXED 6.5       | CUSIP: 83704DAM8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $75000.00     | 0.00%             | 2051-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV                                    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/40 FIXED 3.052     | CUSIP: 57421CAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1978683.50   | 0.12%             | 2040-07-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                          | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/50 ADJUST OID VAR    | CUSIP: 13034A5U0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12874015.00  | 0.79%             | 2050-01-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED & HLTH                                              | MONTGOMERY CNTY PA HGR EDU   H MONHGR 05/39 FIXED 4         | CUSIP: 613603F79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1384669.83   | 0.08%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/30 FIXED OID 4     | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8077694.40   | 0.49%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY OF                                                                 | NEW YORK NY NYC 04/42 ADJUSTABLE VAR                        | CUSIP: 64966QWL0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.31%             | 2042-04-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIVER AUTHORITY                                                | ANGELINA NECHES RIVER AUTH I ANGDEV 12/45 FIXED 12          | CUSIP: 03469KAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8076104.10   | 0.49%             | 2045-12-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ARLINGTON HIGHER EDUCATION FINANCE CORPORATION                                   | ARLINGTON TX HGR EDU FIN CORP ARLEDU 08/49 FIXED OID 4.125  | CUSIP: 041807LQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1584028.48   | 0.10%             | 2049-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/30 FIXED 5         | CUSIP: 04052TCE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $412800.00    | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLAQUEMINES LA PORT HBR & TERM DIST                                              | PLAQUEMINES LA PORT HARBOR   T PLATRN 12/44 FIXED OID 9     | CUSIP: 727521AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2586887.25   | 0.16%             | 2044-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY                                  | FRANKLIN CNTY OH CONVENTION FA FRAFAC 12/44 FIXED 5         | CUSIP: 35317DAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008279.90   | 0.06%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                               | TREASURY BILL 11/24 0.00000                                 | CUSIP: 912797MB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11700000 | PA      | $11636479.76  | 0.71%             | 2024-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT OF BEAUMONT NAVIGATION DISTRICT                                             | PORT BEAUMONT TX NAV DIST DOCK PTBTRN 01/30 FIXED 2.5       | CUSIP: 73360CAJ3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921505.40    | 0.06%             | 2030-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SYRACUSE NY INDL DEV AGY CIVIC FAC REV                                           | SYRACUSE NY INDL DEV AGY PILOT SYRDEV 01/28 FIXED 5.693     | CUSIP: 87172NAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6035000 | PA      | $5711152.24   | 0.35%             | 2028-01-01      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| PIMA COUNTRY INDUSTRIAL DEVELOPMENT                                              | PIMA CNTY AZ INDL DEV AUTH EDU PIMDEV 07/49 FIXED 5         | CUSIP: 72177MTN7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1452163.50   | 0.09%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY MUNICIPAL AUTHORITY                                                 | BERKS CNTY PA MUNI AUTH BERFAC 06/34 FIXED OID 8            | CUSIP: 084538JE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74999.72     | 0.00%             | 2034-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IOWA TOBACCO SETTLEMENT AUTHORITY                                                | TOBACCO SETTLEMENT AUTH IA TOB TOBGEN 06/65 ZEROCPNOID 0    | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $2436055.50   | 0.15%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT OF BEAUMONT NAVIGATION DISTRICT                                             | PORT BEAUMONT TX NAV DIST DOCK PTBTRN 01/50 FIXED 4         | CUSIP: 73360CAD6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5277560.40   | 0.32%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                          | FREDDIE MAC MULTIFAMILY FRETE 2023 ML17 A                   | CUSIP: 3137HAMK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   3675951 | PA      | $3305534.95   | 0.20%             | 2043-04-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| TOB SECURITIZATION AUTH NORTHNCALIF                                              | TOBACCO SECURITIZATION AUTH NT TOBGEN 06/49 FIXED 4         | CUSIP: 888794BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1673140.00   | 0.10%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIHOLDINGS FUND INC                                                  | BLACKROCK MUNIHOLDINGS FUND IN BLACKROCK MUNIHOLDINGS FUND  | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             | EC               | CORP              | US        |    458140 | NS      | $5795471.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                  | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/55 ZEROCPNOID 0    | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $1035271.64   | 0.06%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INVESTORS PARTNERSHIP II LP                                            | TOLL ROAD INV PART II INSURED 144A 02/43 0.00000            | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7700939 | PA      | $2406543.56   | 0.15%             | 2043-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI LTD OBLIG G PUBFIN 08/31 FIXED OID 6.75  | CUSIP: 74446EAB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2692500.00   | 0.16%             | 2031-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LOWER ALABAMA GAS DISTRICT/THE                                                   | LOWER AL GAS DIST GAS PROJ REV LWRUTL 09/46 FIXED 5         | CUSIP: 547804AE4<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1568989.13   | 0.10%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                           | IOWA ST FIN AUTH MIDWSTRN DISA IASGEN 12/50 ADJUSTABLE VAR  | CUSIP: 46246SAW5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1319081.04   | 0.08%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN                                          | MET GOVT NASHVILLE   DAVIDSON METHSG 10/38 FIXED OID 4.875  | CUSIP: 592113CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4985000 | PA      | $5231887.61   | 0.32%             | 2038-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                                        | INDIANA FIN AUTH MIDWESTERN DI INDGEN 11/30 FIXED 3         | CUSIP: 45470CAF6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5449419.36   | 0.33%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                                        | INDIANA ST FIN AUTH ENVRNMNTL INSENV 08/29 FIXED 1.4        | CUSIP: 455059AK1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1788251.20   | 0.11%             | 2029-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK                                  | INDIANAPOLIS IN LOCAL PUBLIC I INPGEN 03/57 FIXED OID 6.125 | CUSIP: 45528U6Y2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3712673.74   | 0.23%             | 2057-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MONONGALIA COUNTY OF                                                             | MONONGALIA CNTY WV COMMISSION MONGEN 06/43 FIXED OID 5.75   | CUSIP: 61022DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088595.60   | 0.07%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY VIII                                                 | CMFA SPL FIN AGY VIII CA ESSEN CMFHSG 08/47 FIXED 4         | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2525268.85   | 0.15%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND                                  | NUVEEN CALIFORNIA QUALITY MUNI NUVEEN CA QLTY MUNI INC      | CUSIP: 67066Y105<br>LEI: 549300ZT6V9X5U9BHR46 | Long             | EC               | CORP              | US        |    401979 | NS      | $4779530.31   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE OF ILLINOIS SALES TAX REVENUE                                              | ILLINOIS ST SALES TAX REVENUE ILSGEN 06/26 FIXED 5          | CUSIP: 452227HA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $3220451.35   | 0.20%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED PASS-THROUGH CERTIFICATES                                 | FREDDIE MAC MULTIFAMILY FRETE 2024 ML21 AUS                 | CUSIP: 3137HC2E1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   6892532 | PA      | $7423193.64   | 0.45%             | 2041-08-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| BLACKROCK NEW YORK MUNICIPAL INCOME TRUST                                        | BLACKROCK NEW YORK MUNICIPAL I BLACKROCK NEW YORK MUNI INC  | CUSIP: 09248L106<br>LEI: PJKTUMDJPIZ89SB71052 | Long             | EC               | CORP              | US        |     40759 | NS      | $448349.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATION                                              | MISSOURI ST HLTH   EDUCTNL FAC MOSMED 02/44 FIXED 4         | CUSIP: 60637APV8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2199820.70   | 0.13%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                                   | BLACK BELT ENERGY GAS DIST AL BBEUTL 10/54 ADJUSTABLE VAR   | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $6025169.34   | 0.37%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION TURNPIKE SYSTEM REVENUE            | FLORIDA ST TURNPIKE AUTH TURNP FLSTRN 07/51 FIXED OID 4     | CUSIP: 343137TF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6429079.15   | 0.39%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE ISLAN                                         | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/50 FIXED 5         | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10036432.00  | 0.61%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY M CERTIFICATES M-070                                     | FREDDIE MAC MULTIFAMILY VARIAB FMMV M070 A                  | CUSIP: 3137HASB3<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   5937123 | PA      | $6129320.67   | 0.37%             | 2040-07-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                                 | PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |  10362798 | PA      | $6684004.91   | 0.41%             | 2043-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SVB FINANCIAL GROUP                                                              | SVB FINANCIAL GROUP JR SUBORDINA 12/99 VAR                  | CUSIP: 78486QAG6<br>LEI: 549300D2KJ20JMXE7542 | Long             | EP               | CORP              | US        |   3050000 | NS      | $7076.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEAR CREEK TRANSIT METROPOLITAN DISTRICT NO 2                                   | CLEAR CREEK TRANSIT B TRSFAC 12/50 FIXED 7.9                | CUSIP: 184542AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1048548.94   | 0.06%             | 2050-12-15      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE                 | WASHINGTON DC MET AREA TRANSIT WA MET AREA TRANSIT A        | CUSIP: 93878YDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $4046140.92   | 0.25%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST A COOPERATIVE DISTRICT                                          | ENERGY S E AL A COOPERATIVE DI ESDPWR 04/54 ADJUSTABLE VAR  | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2159677.75   | 0.13%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA HEALTH EDUCATIONAL & HOUSING FACILITY BOARD                          | CHATTANOOGA TN HLTH EDUCTNL CHAMED 12/49 FIXED 5.25         | CUSIP: 162409AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1324982.16   | 0.08%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARBERS HILL INDEPENDENT SCHOOL DISTRICT                                         | BARBERS HILL TX INDEP SCH DIST BARSCD 02/54 FIXED OID 4.25  | CUSIP: 067167D94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021585.80   | 0.12%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | US 10YR NOTE (CBT)DEC24 XCBT 20241219                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -780 | NC      | $-204446.70   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PARISH OF ST JAMES LA                                                            | SAINT JAMES PARISH LA REVENUE STJGEN 10/40 FIXED 6.35       | CUSIP: 790103AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2449065.52   | 0.15%             | 2040-10-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/39 FIXED OID 4.5   | CUSIP: 04052TBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $808242.90    | 0.05%             | 2039-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 12/54 FIXED 5         | CUSIP: 64542PEX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244646.05    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY                                         | FALCON PK DELAYED DRAW TERM LOAN 2                          | CUSIP: 948TTQII6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.17%             | 2026-11-01      | Floating      | 7.67%                 | No            |                  3 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                              | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/51 FIXED 5         | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2005154.17   | 0.12%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | WASHINGTON ST HSG FIN COMMISSI WA ST HSG FIN COMM 1         | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4574528.42   | 0.28%             | 2040-03-20      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTHORITY                                                          | CAPITAL TRUST AUTH FL EDUCTNL CTSEDU 06/58 FIXED OID 6.375  | CUSIP: 14054WAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3580000 | PA      | $3788654.93   | 0.23%             | 2058-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                         | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 08/39 ADJUST OID VAR  | CUSIP: 63607WAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7884419 | PA      | $335560.87    | 0.02%             | 2039-08-20      | Variable      | 0.59%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA DEVELOPMENT FINANCE AUTHORITY                                           | OKLAHOMA ST DEV FIN AUTH SOL W OKSPOL 12/41 FIXED 8         | CUSIP: 67885WAA6<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5079409.20   | 0.31%             | 2041-12-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 01/25 FIXED 5         | CUSIP: 650116CD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005808.80   | 0.12%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                                        | ALAMEDA CA CORRIDOR TRANSPRTN ALATRN 10/47 INT APROID VAR   | CUSIP: 010869JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $2714929.20   | 0.17%             | 2047-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AURORA HIGHLANDS COMMUNITY AUTHORITY BOARD                                       | AURORA HIGHLANDS CMNTY AUTH BR AHIDEV 12/51 FIXED 5.75      | CUSIP: 05164HAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3927451.60   | 0.24%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                 | CALIFORNIA ST HLTH FACS FING A CA HLTH FACS A               | CUSIP: 13032UU48<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3107993.63   | 0.19%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATION REVENUE                                         | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/36 FIXED 5         | CUSIP: 59333P7N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8269867.50   | 0.51%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE5057 FR 01/40 FIXED 3.85                | CUSIP: 3132YATN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4100000 | PA      | $4124211.36   | 0.25%             | 2040-01-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                       | MICHIGAN ST FIN AUTH LTD OBLIG MISFIN 05/46 FIXED 5         | CUSIP: 594479GQ4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $919966.30    | 0.06%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                           | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/24 FIXED 6         | CUSIP: 13080SEY6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249636.75   | 0.08%             | 2024-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)                    | SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/54 FIXED 5.5       | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3379784.70   | 0.21%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COLORADO ST HLTH FACS AUTH REV COSMED 08/49 FIXED 4         | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954608.80    | 0.06%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING FIN AGY MTG REV                                                | LOUISIANA ST HSG FIN AGY MF HS LASMFH 05/44 ADJUSTABLE VAR  | CUSIP: 54626XAV0<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   7285000 | PA      | $7285000.00   | 0.44%             | 2044-05-01      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| STATE OF ILLINOIS SALES TAX REVENUE                                              | ILLINOIS ST SALES TAX REVENUE ILSGEN 06/31 FIXED 5          | CUSIP: 452227SF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2221610.80   | 0.14%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA DEVELOPMENT FINANCE AUTHORITY                                           | OKLAHOMA ST DEV FIN AUTH OKSDEV 08/36 FIXED 4               | CUSIP: 6789083N2<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1197443.75   | 0.07%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HOSP R                                         | VIRGINIA ST SMALL BUSINESS FIN VASHGR 07/61 ZEROCPNOID 0    | CUSIP: 92810PAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29035000 | PA      | $958517.94    | 0.06%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/40 FIXED 4           | CUSIP: 45204FBE4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3505098.10   | 0.21%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION                                                   | MET PIER EXPOSITION AUTH IL MPNFAC 12/37 ZEROCPNOID 0       | CUSIP: 592247L32<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1219460.00   | 0.07%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | ILLINOIS ST FIN AUTH REVENUE ILSGEN 02/45 FIXED OID 5.125   | CUSIP: 45204EA73<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $57500.00     | 0.00%             | 2045-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA ST MUNI FIN AUTH CO CASMED 11/52 FIXED OID 5.25  | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2172327.40   | 0.13%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NUVEEN MUNICIPAL CREDIT INCOME FUND                                              | NUVEEN MUNICIPAL CREDIT INCOME NUVEEN MUNICIPAL CREDIT INC  | CUSIP: 67070X101<br>LEI: 54930078DL3R0VSYW338 | Long             | EC               | CORP              | US        |    462380 | NS      | $6057178.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| COUNTY OF HARRIS TX TOLL ROAD REVENUE                                            | HARRIS CNTY TX TOLL ROAD REVEN HARTRN 08/43 FIXED OID 4     | CUSIP: 41423PDW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6793063.65   | 0.41%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                                     | VILLAGE CDD NO 15 SPL ASSMNT R VGEDEV 05/39 FIXED 4.2       | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520343.00   | 0.09%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                          | FRETE 2023 ML19 TRUST FEDMFH 12/36 ADJUSTABLE VAR           | CUSIP: 3137HB2V5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   8993647 | PA      | $9246993.24   | 0.56%             | 2036-12-25      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTERNATIONAL AIRPORT                                              | CHICAGO IL O HARE INTERNATIONA CHITRN 01/52 FIXED 5         | CUSIP: 167593WS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019917.40   | 0.06%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VM FUND I LLC                                                                    | VM FUND I LLC SR SECURED 144A 02/31 8.625                   | CUSIP: 91842WAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1440062 | PA      | $1446951.73   | 0.09%             | 2031-02-28      | Fixed         | 8.62%                 | No            |                  3 | On Loan: No      |
| FREDDIE MAC STRUCTURED PASS-THROUGH CERTIFICATES                                 | FREDDIE MAC STRUCTURED PASS TH FMPGEN 10/40 ADJUSTABLE VAR  | CUSIP: 3137HCXR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   6287044 | PA      | $6851117.77   | 0.42%             | 2040-10-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVERNMENT NASHVILLE & DAVIDSON COUNTY INDUSTRIAL DEVELOPMENT BOARD | MET GOVT NASHVILLE   DAVIDSON METDEV 06/43 ZEROCPNOID 0     | CUSIP: 59211SAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $835224.20    | 0.05%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA COUNTY OF                                                             | MONONGALIA CNTY WV COMMISSION MONGEN 06/53 FIXED OID 6      | CUSIP: 61022DAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1632289.20   | 0.10%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH ECON AZSDEV 07/51 FIXED 6          | CUSIP: 040523AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $60000.00     | 0.00%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WILD RIVERS WATER PARK                                                           | WILD RIVERS WATER PARK SECURED 11/51 8.5                    | CUSIP: 96810LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5300000 | PA      | $3325750.00   | 0.20%             | 2051-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TOB SECURITIZATION AUTH NORTHNCALIF                                              | TOBACCO SECURITIZATION AUTH NT TOBGEN 06/60 ZEROCPNOID 0    | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28500000 | PA      | $4964848.20   | 0.30%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTERN ASSET MANAGED MUNICIPALS FUND INC                                        | WESTERN ASSET MANAGED MUNICIPA WESTERN ASSET MANAGED MUNICI | CUSIP: 95766M105<br>LEI: 549300HVO8EY2T8K4F73 | Long             | EC               | CORP              | US        |    544800 | NS      | $5905632.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES GOVT                                                               | TREASURY BILL 10/24 0.00000                                 | CUSIP: 912797LV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10800000 | PA      | $10760225.97  | 0.66%             | 2024-10-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC PUBFIN 06/50 FIXED OID 5.625 | CUSIP: 74443DGD7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1953606.38   | 0.12%             | 2050-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY                       | CALHOUN CNTY TX NAVIGATION IND CLHDEV 07/26 FIXED 3.625     | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1927472.85   | 0.12%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEXAS TURNPIKE SYSTEM                                                    | TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/42 FIXED 5          | CUSIP: 88283KCH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1386963.00   | 0.08%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE ISLAN                                         | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/45 FIXED OID 4.5   | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2514510.98   | 0.15%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                           | PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.55      | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4493000 | PA      | $4518436.22   | 0.28%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION                                 | MONROE CNTY NY INDL DEV AGY MF MONMFH 01/44 FIXED 4.72      | CUSIP: 610758AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1892180.52   | 0.12%             | 2044-01-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                                   | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/57 ZEROCPNOID 0     | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 100765000 | PA      | $9618422.31   | 0.59%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJECTS FINANCE AUTHORITY/FL                                            | CAPITAL PROJS FL FIN AUTH STUD CPPHSG 10/31 FIXED 5         | CUSIP: 140427BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1593471.00   | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | CALIFORNIA MUNI FIN AUTH FED L CASFIN 07/30 FIXED 3.637     | CUSIP: 13049GAB6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1356636.47   | 0.08%             | 2030-07-01      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                                        | INDIANA FIN AUTH MIDWESTERN DI INDGEN 11/30 FIXED 4.25      | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7612695.75   | 0.46%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                         | ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/54 FIXED 5         | CUSIP: 04052TAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1876530.00   | 0.11%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPORTATION CORPORATION                                         | GRAND PARKWAY TRANSPRTN CORP T GPTTRN 10/49 FIXED 4         | CUSIP: 38611TCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2903268.90   | 0.18%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI SPL REVENUE PUBFAC 09/29 ZEROCPNOID 0    | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $712450.70    | 0.04%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                            | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 10/46 FIXED 3.4       | CUSIP: 126292AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $680377.07    | 0.04%             | 2046-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CITY OF RENO NV                                                                  | RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0         | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |  25500000 | PA      | $3768634.80   | 0.23%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | NEW JERSEY ST ECON DEV AUTH RE NJSDEV 11/36 FIXED 5         | CUSIP: 64577XDW3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2828982.75   | 0.17%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1                      | CITY OF WOODLAND CFD NO 2004 1 TERM LOAN                    | CUSIP: 948GDAII6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  14715722 | PA      | $14031858.59  | 0.86%             | 2034-09-01      | Fixed         | 4.40%                 | Yes           |                  3 | On Loan: No      |
| COUNTY OF CUYAHOGA OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/57 FIXED OID 5      | CUSIP: 2322655W4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2733542.35   | 0.17%             | 2057-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY MUNICIPAL AUTHORITY                                                 | BERKS CNTY PA MUNI AUTH BERFAC 06/34 FIXED OID 8            | CUSIP: 084538JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1464000 | PA      | $1498477.79   | 0.09%             | 2034-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 01/36 FIXED 5         | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515046.40    | 0.03%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                         | PUBLIC FIN AUTH WI PROJ REVENU PUBFIN 01/50 FIXED OID 7     | CUSIP: 74444UAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082491.70   | 0.07%             | 2050-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITY OF MOUNT VERNON IN                                                          | MOUNT VERNON IN ENVRNMNTL IMPT MOUPOL 09/55 ADJUSTABLE VAR  | CUSIP: 623455AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1175710.44   | 0.07%             | 2055-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY MUNICIPAL AUTHORITY                                                 | BERKS CNTY PA MUNI AUTH BERFAC 06/44 INT APROID VAR         | CUSIP: 084538JL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2778000 | PA      | $1443703.82   | 0.09%             | 2044-06-30      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                              | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/47 FIXED 5         | CUSIP: 64542PDD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $998924.40    | 0.06%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT     | SAN FRANCISCO CALIF CITY  CNTY SFOAPT 05/35 FIXED 5         | CUSIP: 79766DWM7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5560000 | PA      | $6314093.35   | 0.39%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEVELOPMENT FINANCE AUTHORITY                                           | ARKANSAS ST DEV FIN AUTH INDL ARSDEV 09/49 FIXED 4.75       | CUSIP: 04108WCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3590450.28   | 0.22%             | 2049-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEVELOPMENT BOARD                                                    | TEXAS WTR DEV BRD ST WTR IMPLE TXSWTR 10/48 FIXED 4.875     | CUSIP: 88285ADS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5370518.50   | 0.33%             | 2048-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE          | NEW YORK CITY NY TRANSITIONAL NYCGEN 08/39 FIXED 4          | CUSIP: 64971XF86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036335.80   | 0.06%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                            | FED HM LN PC POOL WE5053 FR 12/40 FIXED 4.5                 | CUSIP: 3132YATJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4568000 | PA      | $4888092.18   | 0.30%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI INDEPENDENT SCHOOL DISTRICT                                       | CORPUS CHRISTI TX INDEP SCH DI CRISCD 08/54 FIXED OID 4     | CUSIP: 220148CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4861887.50   | 0.30%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                            | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 02/57 FIXED 4         | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4363570.75   | 0.27%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA                                                                   | LEHIGH CNTY PA GEN PURPOSE HOS LEHMED 08/38 FLOATING VAR    | CUSIP: 52480GDC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2835874.93   | 0.17%             | 2038-08-15      | Floating      | 4.10%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2024-11-25

**Name of Applicant:** PIMCO Flexible Municipal Income Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer