# EDGAR Filing Document

**Accession Number:** 0000885601
**File Stem:** 0000885601-25-000009
**Filing Date:** 2025-10
**Character Count:** 292887
**Document Hash:** cf3c12f0acafacd03225c611596e224a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000885601-25-000009.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000885601-25-000009

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Value Municipal Income Trust
- **CENTRAL INDEX KEY:** 0000885601

**ORGANIZATION NAME:**
- **EIN:** 133647663
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06590
- **FILM NUMBER:** 251433692

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-439-3217

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Invesco Insured Municipal Income Trust
- **DATE OF NAME CHANGE:** 20100601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY INSURED MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 20090722

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY  INSURED MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 20011220

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Value Municipal Income Trust

- **b. Investment Company Act file number:** 811-06590

- **c. CIK number of Registrant:** 0000885601

- **d. LEI of Registrant:** X075VJ33QQP2G2NTOV20

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

  - **Street Address 1:** 1331 Spring Street NW, Suite 2500

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30309

  - **Telephone number:** 800-959-4246

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

- **a. Name of Series:** Invesco Value Municipal Income Trust

- **c. LEI of Series:** X075VJ33QQP2G2NTOV20

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $912365621.54

**Total Liabilities:** $345745718.02

**Net Assets:** $566619903.52

**Delayed Delivery Securities:** $6476444.65

**Cash Not Reported:** $24305318.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -933.32727912 | **1-Year:** -24537.17649860 | **5-Year:** -79648.84029819 | **10-Year:** -201954.75151564 | **30-Year:** -115482.77961169

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

- **3-Month:** -334.24340661 | **1-Year:** -5813.13898394 | **5-Year:** -17036.52193759 | **10-Year:** -47509.89682823 | **30-Year:** -34745.83794070

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.66%                | -1.55%               | 1.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-439994.52              | $1815889.04                                |
| Month 2  | $-2886547.20             | $-8543135.91                               |
| Month 3  | $-920655.06              | $4958920.19                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                   | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                      | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1990546.06   | 0.35%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH (Nationwide Children's Hospital)                                                                   | Franklin (County of), OH (Nationwide Children's Hospital), Series 2019, RB                                                                      | CUSIP: 353187EL7<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1393931.59   | 0.25%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Industrial Development Authority (United States Steel Corp.)                                      | Allegheny (County of), PA Industrial Development Authority (United States Steel Corp.), Series 2019, Ref. RB                                    | CUSIP: 01730PAB5<br>LEI: 5493001680EYSTWFLS08 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1406519.00   | 0.25%             | 2030-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Convention & Entertainment Facilities Department                                                      | Houston (City of), TX Convention & Entertainment Facilities Department, Series 2001 B, RB                                                       | CUSIP: 44237NDN9<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   5015000 | PA      | $4724429.40   | 0.83%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV Water Reclamation District                                                                            | Clark (County of), NV Water Reclamation District, Series 2023, GO Bonds                                                                         | CUSIP: 181070GF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5295000 | PA      | $5357285.09   | 0.95%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                      | New York (City of), NY, Subseries 2022 D-1, GO Bonds                                                                                            | CUSIP: 64966QB58<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1457299.65   | 0.26%             | 2038-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                             | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1938322.60   | 0.34%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                  | Miami-Dade (County of), FL, Subseries 2021 A-2, Ref. RB                                                                                         | CUSIP: 59335KDH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2197975.38   | 0.39%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                      | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  10905000 | PA      | $2545398.21   | 0.45%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dry Creek Joint Elementary School District (Election of 2008-Measure E)                                                     | Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds                                                  | CUSIP: 262386FH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $435871.82    | 0.08%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital)                                                            | Wisconsin (State of) Public Finance Authority (Wakemed Hospital), Series 2019 A, Ref. RB                                                        | CUSIP: 74442CBY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2371351.47   | 0.42%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                       | Children's Trust Fund, Series 2002, RB                                                                                                          | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1853622.94   | 0.33%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), OH (Trousdale Foundation Properties)                                                                | Montgomery (County of), OH (Trousdale Foundation Properties), Series 2018 A, RB                                                                 | CUSIP: 613554AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1182755 | PA      | $14784.44     | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| South Dakota (State of) Health & Educational Facilities Authority (Avera Health)                                            | South Dakota (State of) Health & Educational Facilities Authority (Avera Health), Series 2017, Ref. RB                                          | CUSIP: 83755VG99<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1989874.73   | 0.35%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                               | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                        | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1208181.87   | 0.21%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Tobacco Securitization Corp.                                                                                       | Northern Tobacco Securitization Corp., Series 2021 A-1, Ref. RB                                                                                 | CUSIP: 66585VBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $338738.86    | 0.06%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Lauderdale (City of), FL (Enabling Works)                                                                              | Fort Lauderdale (City of), FL (Enabling Works), Series 2023 A, RB                                                                               | CUSIP: 347658ZA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2672403.19   | 0.47%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                      | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                       | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $2893649.26   | 0.51%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills)                             | St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills), Series 2013 A, RB                              | CUSIP: 791524BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1160018.33   | 0.20%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dorchester (County of), SC                                                                                                  | Dorchester (County of), SC, Series 2023, RB                                                                                                     | CUSIP: 258149AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1023881.54   | 0.18%             | 2051-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority                                                                          | South Carolina (State of) Public Service Authority, Series 2015 E, Ref. RB                                                                      | CUSIP: 837151K40<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3799918.30   | 0.67%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                              | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                            | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $62931.46     | 0.01%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District (The)                                                                                            | Lower Alabama Gas District (The), Series 2016 A, RB                                                                                             | CUSIP: 547804AE4<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |    920000 | PA      | $933705.06    | 0.16%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ward (County of), ND (Trinity Obligated Group)                                                                              | Ward (County of), ND (Trinity Obligated Group), Series 2017 C, RB                                                                               | CUSIP: 934023EW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $800283.49    | 0.14%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                             | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2022 A, RB                                                              | CUSIP: 74443DHC8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    455000 | PA      | $428421.08    | 0.08%             | 2050-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                        | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-2, Ref. RB                  | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $295356.94    | 0.05%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 5                                                                                   | Rampart Range Metropolitan District No. 5, Series 2021, RB                                                                                      | CUSIP: 75157WAC6<br>LEI: 549300R7FFMPZ9FYUQ36 | Long             | DBT              | MUN               | US        |    500000 | PA      | $387813.40    | 0.07%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                                      | Downtown Revitalization Public Infrastructure District, Series 2025, RB                                                                         | CUSIP: 26118TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1990750.27   | 0.35%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chattanooga (City of), TN Health, Educational & Housing Facility Board (CommonSpirit Health)                                | Chattanooga (City of), TN Health, Educational & Housing Facility Board (CommonSpirit Health), Series 2019 A-2, Ref. RB                          | CUSIP: 162410FF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1229107.19   | 0.22%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                             | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                           | CUSIP: 87638RKG1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |     85000 | PA      | $71084.07     | 0.01%             | 2051-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                   | Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB                                                                             | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $209160.14    | 0.04%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                    | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                 | CUSIP: 088023HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2669743.92   | 0.47%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Jacinto River Authority (Groundwater Reduction Plan Division)                                                           | San Jacinto River Authority (Groundwater Reduction Plan Division), Series 2011, RB                                                              | CUSIP: 798055MV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2267797.95   | 0.40%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)                                          | California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB                                           | CUSIP: 130486BC6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    170000 | PA      | $154148.64    | 0.03%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                          | Greater Orlando Aviation Authority, Series 2019 A, RB                                                                                           | CUSIP: 3922742F2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864430.80    | 0.15%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                         | New Hampshire (State of) Business Finance Authority, Series 2020-1A, RB                                                                         | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    291859 | PA      | $290197.81    | 0.05%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                       | California (State of), Series 2025, GO Bonds                                                                                                    | CUSIP: 13063ELN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3483276.82   | 0.61%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center)                                              | New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center), Series 2021, Ref. RB                                            | CUSIP: 64542QCJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $916558.96    | 0.16%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                      | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $978451.63    | 0.17%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Peninsula Town Center Community Development Authority                                                                       | Peninsula Town Center Community Development Authority, Series 2018, Ref. RB                                                                     | CUSIP: 70718LAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $472291.40    | 0.08%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                                                                       | Mansfield Independent School District, Series 2025, GO Bonds                                                                                    | CUSIP: 564386VN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1922966.59   | 0.34%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                    | Public Finance Authority, Series 2025, RB                                                                                                       | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    855000 | PA      | $836560.13    | 0.15%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group)                                        | Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group), Series 2016, Ref. RB                                      | CUSIP: 009730NX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $797768.47    | 0.14%             | 2046-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus (City of) & Franklin (County of), OH Finance Authority (Easton)                                                    | Columbus (City of) & Franklin (County of), OH Finance Authority (Easton), Series 2020, RB                                                       | CUSIP: 19910VAA8<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    480000 | PA      | $486307.49    | 0.09%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                    | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2019, Ref. RB                                  | CUSIP: 60635H3E7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    340000 | PA      | $312922.23    | 0.06%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital)                                              | Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital), Series 2022, RB                                                 | CUSIP: 803301DL1<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1094830.67   | 0.19%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                            | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2022, RB                                               | CUSIP: 650116FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1286610.12   | 0.23%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes)                                             | Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes), Series 2022, Ref. RB                                           | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1342127.64   | 0.24%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Caddo Mills Independent School District                                                                                     | Caddo Mills Independent School District, Series 2023, GO Bonds                                                                                  | CUSIP: 127253VY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1002185.25   | 0.18%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                                                                | Salt River Project Agricultural Improvement & Power District, Series 2023 B, RB                                                                 | CUSIP: 79574CFQ1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3453492.76   | 0.61%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                | Iowa (State of) Tobacco Settlement Authority, Series 2021 A-2, Ref. RB                                                                          | CUSIP: 888805CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $241466.82    | 0.04%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer)                                                   | New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer), Series 2022 1-B, RB                                                  | CUSIP: 65000BPS1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3108798.85   | 0.55%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denton (County of), TX                                                                                                      | Denton (County of), TX, Series 2023, Ref. GO Bonds                                                                                              | CUSIP: 248776BX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3749088.20   | 0.66%             | 2048-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                      | CUSIP: 74529JQF5<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   2116000 | PA      | $1549701.06   | 0.27%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)            | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB             | CUSIP: 49126PEP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1110361.75   | 0.20%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                   | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                      | CUSIP: 59334PKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2357732.02   | 0.42%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                                                          | City of Chicago IL, Series 2025, GO Bonds                                                                                                       | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    360000 | PA      | $366863.26    | 0.06%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                         | Tampa (City of), FL, Series 2020 A, RB                                                                                                          | CUSIP: 875146BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5669000 | PA      | $1506263.50   | 0.27%             | 2049-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp. (Natgasoline)                                                                            | Mission Economic Development Corp. (Natgasoline), Series 2018, Ref. RB                                                                          | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2097810.54   | 0.37%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                               | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                             | CUSIP: 2322655S3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1714123.67   | 0.30%             | 2047-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Crossing Metropolitan District No. 2                                                                               | Colorado Crossing Metropolitan District No. 2, Series 2020 A-1, Ref. GO Bonds                                                                   | CUSIP: 19645YAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $453514.45    | 0.08%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Landmark Academy)                                                                    | Michigan (State of) Finance Authority (Landmark Academy), Series 2020, Ref. RB                                                                  | CUSIP: 594479ER4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    295000 | PA      | $293027.75    | 0.05%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Western Metropolitan District                                                                                         | Great Western Metropolitan District, Series 2020, Ref. GO Bonds                                                                                 | CUSIP: 39142CAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $381566.92    | 0.07%             | 2050-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                     | Osceola (County of), FL, Series 2020 A-2, Ref. RB                                                                                               | CUSIP: 688031FG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $131473.08    | 0.02%             | 2051-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                       | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                          | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $847886.81    | 0.15%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henderson (City of), KY (Pratt Paper LLC)                                                                                   | Henderson (City of), KY (Pratt Paper LLC), Series 2022 A, RB                                                                                    | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    665000 | PA      | $589152.10    | 0.10%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Sky Ranch Community Authority Board                                                                                         | Sky Ranch Community Authority Board, Series 2022 A, RB                                                                                          | CUSIP: 83086SAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490470.20    | 0.09%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Brookhaven (City of), GA Development Authority (Children's Healthcare of Atlanta, Inc.)                                     | Brookhaven (City of), GA Development Authority (Children's Healthcare of Atlanta, Inc.), Series 2019 A, RB                                      | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $3046621.81   | 0.54%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                                                                          | Spring Independent School District, Series 2023, GO Bonds                                                                                       | CUSIP: 850001AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4226259.50   | 0.75%             | 2052-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School)                              | Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School), Series 2020, Ref. RB                            | CUSIP: 71780CBA7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    400000 | PA      | $351577.84    | 0.06%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                          | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                      | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2793312.55   | 0.49%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Center District                                                                                        | Wisconsin (State of) Center District, Series 2022, RB                                                                                           | CUSIP: 976595JE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1573125.41   | 0.28%             | 2061-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No. 1 (In the City of Loveland)                                                              | Centerra Metropolitan District No. 1 (In the City of Loveland), Series 2017, RB                                                                 | CUSIP: 15200XAG8<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1563665.21   | 0.28%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Children's Health System of Texas)                                    | New Hope Cultural Education Facilities Finance Corp. (Children's Health System of Texas), Series 2017 A, Ref. RB                                | CUSIP: 645424AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1420070.29   | 0.25%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                               | Main Street Natural Gas, Inc., Series 2021 C, RB                                                                                                | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1253070.64   | 0.22%             | 2028-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                          | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, RB                                                                           | CUSIP: 709225BD7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    925000 | PA      | $769150.36    | 0.14%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority (Jefferson-Anaheim Social Bonds)                                                      | CSCDA Community Improvement Authority (Jefferson-Anaheim Social Bonds), Series 2021 A, RB                                                       | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $595479.61    | 0.11%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                             | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2020 A, RB                                                              | CUSIP: 74443DFS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    420000 | PA      | $395949.46    | 0.07%             | 2050-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                               | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB                                | CUSIP: 79766DRW1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    675000 | PA      | $685117.44    | 0.12%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                               | Wisconsin (State of) Public Finance Authority, Series 2022, RB                                                                                  | CUSIP: 744396HT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    780000 | PA      | $705650.71    | 0.12%             | 2062-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                                 | Military Installation Development Authority, Series 2021 A-2, RB                                                                                | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $384288.75    | 0.07%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Port Authority                                                                              | Massachusetts (Commonwealth of) Port Authority, Series 2021 E, RB                                                                               | CUSIP: 575896YJ8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1046063.94   | 0.18%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                   | San Antonio (City of), TX, Series 2023 A, Ref. RB                                                                                               | CUSIP: 79625GGS6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1343641.91   | 0.24%             | 2046-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority (Santee Cooper)                                                          | South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB                                                      | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1702143.19   | 0.30%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy)                                    | Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy), Series 2018, RB                                       | CUSIP: 72177PBZ2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1051270.50   | 0.19%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB                                                                   | CUSIP: 896035BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5390057.98   | 0.95%             | 2062-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Alcoa, Inc.)                                                                             | Iowa (State of) Finance Authority (Alcoa, Inc.), Series 2012, RB                                                                                | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1208362.66   | 0.21%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                    | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                     | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    995000 | PA      | $908377.59    | 0.16%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                          | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2014 A-2, RB                                                                         | CUSIP: 709224DP1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1554835.95   | 0.27%             | 2039-12-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                        | Chicago (City of), IL (O'Hare International Airport), Series 2024 A, RB                                                                         | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2154436.50   | 0.38%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority                                                                                        | Windler Public Improvement Authority, Series 2021 A-1, RB                                                                                       | CUSIP: 973405AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $365325.50    | 0.06%             | 2051-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                  | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                              | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $398015.28    | 0.07%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                                   | New York Transportation Development Corp., Series 2025, RB                                                                                      | CUSIP: 650116JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1694551.17   | 0.30%             | 2059-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cape Coral (City of), FL                                                                                                    | Cape Coral (City of), FL, Series 2023, Ref. RB                                                                                                  | CUSIP: 13937XEP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1675418.46   | 0.30%             | 2043-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District (Election of 2004)                                                                           | Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds                                                                      | CUSIP: 189342US5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1231189.78   | 0.22%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Social Certificates)                                                      | Washington (State of) Housing Finance Commission (Social Certificates), Series 2021-1A, Revenue Ctfs.                                           | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1164019 | PA      | $1099157.23   | 0.19%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport)                                               | Hillsborough (County of), FL Aviation Authority (Tampa International Airport), Series 2018 E, RB                                                | CUSIP: 432308H72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2482424.71   | 0.44%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                   | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                      | CUSIP: 13054WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $472288.43    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                             | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                           | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3476070.94   | 0.61%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                     | New York (State of) Dormitory Authority, Series 2020 A, Ref. RB                                                                                 | CUSIP: 64990FYP3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4378789.00   | 0.77%             | 2046-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                      | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2003 NN, RB                                                                      | CUSIP: 74526QAR3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    850000 | PA      | $820433.09    | 0.14%             | 2033-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                   | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2016, Ref. RB                 | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1340011.52   | 0.24%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                    | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                 | CUSIP: 088023JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $4510383.25   | 0.80%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lansing (City of), MI Board of Water & Light                                                                                | Lansing (City of), MI Board of Water & Light, Series 2024 A, Ref. RB                                                                            | CUSIP: 516391FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3783132.38   | 0.67%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                      | CUSIP: 74529JQD0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1233680.76   | 0.22%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Convention & Entertainment Facilities Department                                                      | Houston (City of), TX Convention & Entertainment Facilities Department, Series 2001 B, RB                                                       | CUSIP: 44237NDM1<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   3975000 | PA      | $3860257.65   | 0.68%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Moreland School District (Crossover Series 14)                                                                              | Moreland School District (Crossover Series 14), Series 2006 C, Ref. GO Bonds                                                                    | CUSIP: 616794QH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2997779.66   | 0.53%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                            | New York & New Jersey (States of) Port Authority, Series 2020 221, RB                                                                           | CUSIP: 73358W5V2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2340000 | PA      | $1858850.84   | 0.33%             | 2060-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                        | Chicago (City of), IL (O'Hare International Airport), Series 2017 D, RB                                                                         | CUSIP: 167593WS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1458990.72   | 0.26%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Board of Regents (University of Iowa Hospital & Clinics)                                                    | Iowa (State of) Board of Regents (University of Iowa Hospital & Clinics), Series 2022 B, RB                                                     | CUSIP: 46256QNJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $411343.49    | 0.07%             | 2056-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                      | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                  | CUSIP: 939783TC0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    435000 | PA      | $376347.38    | 0.07%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Housing Development Authority                                                                           | Michigan (State of) Housing Development Authority, Series 2023 A, RB                                                                            | CUSIP: 59465PEK0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1955812.17   | 0.35%             | 2053-10-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Master Academy of Nevada - Bonanza Campus)                             | Arizona (State of) Industrial Development Authority (Master Academy of Nevada - Bonanza Campus), Series 2020 A, RB                              | CUSIP: 04052BMK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233627.53    | 0.04%             | 2040-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project (No. 3)                                                                                       | Central Plains Energy Project (No. 3), Series 2017 A, Ref. RB                                                                                   | CUSIP: 154871CP0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3808835.07   | 0.67%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board (Master Trust)                                                                     | Texas (State of) Water Development Board (Master Trust), Series 2022, RB                                                                        | CUSIP: 88285ABH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3395527.17   | 0.60%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                               | Main Street Natural Gas, Inc., Series 2024 E, RB                                                                                                | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1498900.06   | 0.26%             | 2032-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                         | Illinois (State of), Series 2017 D, GO Bonds                                                                                                    | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1890024.26   | 0.33%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                                                                         | Idaho Housing & Finance Association, Series 2025, RB                                                                                            | CUSIP: 45130ADP7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3537224.43   | 0.62%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Power Authority (Green Bonds)                                                                           | New York (State of) Power Authority (Green Bonds), Series 2020 A, Ref. RB                                                                       | CUSIP: 64989KLF1<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $3527405.73   | 0.62%             | 2055-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Aurora Regional Improvement Authority                                                                                 | South Aurora Regional Improvement Authority, Series 2025, RB                                                                                    | CUSIP: 83637TAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $840360.19    | 0.15%             | 2055-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (City of New York)                                                                  | New York (State of) Dormitory Authority (City of New York), Series 2005 A, RB                                                                   | CUSIP: 64983QJB6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3145107.13   | 0.56%             | 2028-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County)                                 | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB                                  | CUSIP: 791524CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1818527.44   | 0.32%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                    | New York (City of), NY Municipal Water Finance Authority, Series 2020 BB-1, RB                                                                  | CUSIP: 64972GYC2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1444925.75   | 0.26%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Penn State Health)                                                            | Lancaster (County of), PA Hospital Authority (Penn State Health), Series 2021, RB                                                               | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $660938.85    | 0.12%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center)                                            | Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center), Series 2018 A-1, RB                                           | CUSIP: 74442PJV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    640000 | PA      | $288000.00    | 0.05%             | 2048-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Seattle Cancer Care Alliance)                                       | Washington (State of) Health Care Facilities Authority (Seattle Cancer Care Alliance), Series 2020, Ref. RB                                     | CUSIP: 93978HXM2<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    645000 | PA      | $630305.16    | 0.11%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                | Salt Lake City (City of), UT, Series 2023 A, RB                                                                                                 | CUSIP: 795576MB0<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007257.50   | 0.18%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                       | New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB                                                                      | CUSIP: 64971X7H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2194449.11   | 0.39%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                | Salt Lake City (City of), UT, Series 2021 A, RB                                                                                                 | CUSIP: 795576KB2<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |    840000 | PA      | $829691.44    | 0.15%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.)                                                          | Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.), Series 2016, RB                                                             | CUSIP: 874485DL6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1271007.04   | 0.22%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Group 3)                                                                             | New York (State of) Thruway Authority (Group 3), Series 2021 A-1, Ref. RB                                                                       | CUSIP: 650028XG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2208668.56   | 0.39%             | 2046-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Agricultural & Economic Development Board (Healthpartners Obligated Group)                                        | Minnesota Agricultural & Economic Development Board (Healthpartners Obligated Group), Series 2024, RB                                           | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1557077.50   | 0.27%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mississippi (State of) Development Bank (Greenwood Leflore)                                                                 | Mississippi (State of) Development Bank (Greenwood Leflore), Series 2025, RB                                                                    | CUSIP: 60534XM78<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    840000 | PA      | $846874.22    | 0.15%             | 2055-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools)                                      | Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools), Series 2019, Ref. RB                                    | CUSIP: 56681NEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $491543.47    | 0.09%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District)                                | Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District), Series 2011 A, Ref. RB                            | CUSIP: 48503SEJ4<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    980000 | PA      | $983943.62    | 0.17%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges)                                    | California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges), Series 2003 A, RB                                     | CUSIP: 13033WLA9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $7159400.91   | 1.26%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation)                                                | Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2025, Ref. RB                                              | CUSIP: 546399UM6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1739544.12   | 0.31%             | 2050-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| White Buffalo Metropolitan District No 3                                                                                    | White Buffalo Metropolitan District No 3, Series 2025, GO Bonds                                                                                 | CUSIP: 96350BAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1235196.86   | 0.22%             | 2055-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 3)                                                                  | Southeast Energy Authority, A Cooperative District (No. 3), Series 2022 A-1, RB                                                                 | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1505947.00   | 0.27%             | 2029-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Ward (County of), ND (Trinity Obligated Group)                                                                              | Ward (County of), ND (Trinity Obligated Group), Series 2017 C, RB                                                                               | CUSIP: 934023EV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1049123.34   | 0.19%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Indiana Commuter Transportation District                                                                           | Northern Indiana Commuter Transportation District, Series 2024, RB                                                                              | CUSIP: 66528PCL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1704373.12   | 0.30%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences)                                       | Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences), Series 2015, Ref. RB                                     | CUSIP: 74442PAT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    815000 | PA      | $815397.23    | 0.14%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Jacinto River Authority (Groundwater Reduction Plan Division)                                                           | San Jacinto River Authority (Groundwater Reduction Plan Division), Series 2011, RB                                                              | CUSIP: 798055MT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2477603.21   | 0.44%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs)                                            | Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs), Series 2022 A, Ref. RB                                        | CUSIP: 010685LE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $764525.49    | 0.13%             | 2061-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mississippi Business Finance Corp. (System Energy Resources, Inc.)                                                          | Mississippi Business Finance Corp. (System Energy Resources, Inc.), Series 2021, RB                                                             | CUSIP: 605279MK1<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $667201.73    | 0.12%             | 2044-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District (Election of 2008 - School Facilities Improvement District No. 2007-1)                        | Poway Unified School District (Election of 2008 - School Facilities Improvement District No. 2007-1), Series 2009 A, GO Bonds                   | CUSIP: 738850QL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7840000 | PA      | $7307313.55   | 1.29%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group)                                | South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB                              | CUSIP: 838810EF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $700566.30    | 0.12%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2018, RB                                                                   | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510513.15    | 0.09%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District)   | Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District), Series 2020, Ref. RB | CUSIP: 61022CAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $864551.33    | 0.15%             | 2043-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) (Elderly & Disabled Housing)                                                                              | Oregon (State of) (Elderly & Disabled Housing), Series 2019, GO Bonds                                                                           | CUSIP: 68609B8A8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3392350.75   | 0.60%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Brooklyn Navy Yard)                                                                               | Build NYC Resource Corp. (Brooklyn Navy Yard), Series 2019, Ref. RB                                                                             | CUSIP: 12008EPN0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501293.75    | 0.09%             | 2033-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (William Jessup University)                                               | California (State of) Municipal Finance Authority (William Jessup University), Series 2019, Ref. RB                                             | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $202808.40    | 0.04%             | 2039-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                           | Hawaii (State of), Series 2025 A, RB                                                                                                            | CUSIP: 419794J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1955206.89   | 0.35%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                          | California (State of) Housing Finance Agency (Social Certificates), Series 2021 A, RB                                                           | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |      4701 | PA      | $4416.05      | 0.00%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                            | CUSIP: 45204E6F0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    670000 | PA      | $463975.00    | 0.08%             | 2049-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Dry Creek Joint Elementary School District (Election of 2008-Measure E)                                                     | Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds                                                  | CUSIP: 262386FK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4610000 | PA      | $1480844.02   | 0.26%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group)                                         | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB                                       | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1692523.18   | 0.30%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                               | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                           | CUSIP: 66285WBU9<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2474075.19   | 0.44%             | 2029-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project (No. 5)                                                                                       | Central Plains Energy Project (No. 5), Series 2022-1, RB                                                                                        | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    840000 | PA      | $884566.70    | 0.16%             | 2029-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX Toll Road Authority (The)                                                                            | Harris (County of), TX Toll Road Authority (The), Series 2024 A, RB                                                                             | CUSIP: 41423PEB9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3869629.90   | 0.68%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbia (City of), GA (Wellstar Health System, Inc.)                                                                       | Columbia (City of), GA (Wellstar Health System, Inc.), Series 2023, RAC                                                                         | CUSIP: 197479AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1100487.81   | 0.19%             | 2048-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University)                                 | Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University), Series 2021, Ref. RB                               | CUSIP: 57421CCL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780293.90    | 0.14%             | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Convention Center Public Facilities District                                                          | Washington (State of) Convention Center Public Facilities District, Series 2018, RB                                                             | CUSIP: 93976ABG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3440000 | PA      | $3312512.91   | 0.58%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (New York University)                                                               | New York (State of) Dormitory Authority (New York University), Series 2001-1, RB                                                                | CUSIP: 64983SFU4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1136573.36   | 0.20%             | 2031-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                  | Texas (State of) Transportation Commission, Series 2019, RB                                                                                     | CUSIP: 88283NAG7<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $729255.00    | 0.13%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                             | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $960027.46    | 0.17%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterstone Metropolitan District No. 1                                                                                      | Waterstone Metropolitan District No. 1, Series 2025 A, Ref. GO Bonds                                                                            | CUSIP: 94189PAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $771394.34    | 0.14%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Center District                                                                                        | Wisconsin (State of) Center District, Series 2020, RB                                                                                           | CUSIP: 976595JG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19890000 | PA      | $3129852.61   | 0.55%             | 2060-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                             | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                           | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |     85000 | PA      | $71240.22     | 0.01%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Detroit (City of), MI                                                                                                       | Detroit (City of), MI, Series 2018, GO Bonds                                                                                                    | CUSIP: 2510933P3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256705.63    | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                       | Children's Trust Fund, Series 2002, RB                                                                                                          | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2107100.53   | 0.37%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                              | Tulsa (City of), OK Airports Improvement Trust, Series 2001 C, Ref. RB                                                                          | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $634977.84    | 0.11%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                               | Main Street Natural Gas, Inc., Series 2024 B, RB                                                                                                | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1809321.83   | 0.32%             | 2032-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                    | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2002 A, RB                                     | CUSIP: 592247J35<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3065610.94   | 0.54%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                                          | Tennessee Energy Acquisition Corp., Series 2021 A, RB                                                                                           | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2656272.69   | 0.47%             | 2031-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                               | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                | CUSIP: 82706TAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $1196434.38   | 0.21%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arista Metropolitan District                                                                                                | Arista Metropolitan District, Series 2023 A, Ref. GO Bonds                                                                                      | CUSIP: 04041AAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2143828.09   | 0.38%             | 2058-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                         | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                     | CUSIP: 50826FAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $679671.82    | 0.12%             | 2040-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                                                                         | Crowley Independent School District, Series 2023, GO Bonds                                                                                      | CUSIP: 228130KH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1501523.72   | 0.26%             | 2053-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                | Salt Lake City (City of), UT, Series 2023 A, RB                                                                                                 | CUSIP: 795576MC8<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2974160.54   | 0.52%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                       | Children's Trust Fund, Series 2008 B, RB                                                                                                        | CUSIP: 16876QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  37725000 | PA      | $1013651.89   | 0.18%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                  | Texas (State of) Transportation Commission, Series 2019, RB                                                                                     | CUSIP: 88283NAJ1<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $716191.42    | 0.13%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                             | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                           | CUSIP: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    850000 | PA      | $701878.07    | 0.12%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Trinity Health Credit Group)                                                         | Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017, Ref. RB                                                       | CUSIP: 59447TV75<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1672261.27   | 0.30%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of), OH                                                                                                     | Cleveland (City of), OH, Series 2008 B-2, RB                                                                                                    | CUSIP: 186398HL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3487131.24   | 0.62%             | 2028-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Grant (County of), WA                                                                                                       | Grant (County of), WA, Series 2025, GO Bonds                                                                                                    | CUSIP: 387802GJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $950828.33    | 0.17%             | 2060-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                      | New York (City of), NY, Subseries 2022 D-1, GO Bonds                                                                                            | CUSIP: 64966QC24<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2400758.23   | 0.42%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Strategic Fund (Green Bonds)                                                                            | Michigan (State of) Strategic Fund (Green Bonds), Series 2021, RB                                                                               | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2014376.85   | 0.36%             | 2026-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                                  | Southeast Energy Authority, A Cooperative District (No. 2), Series 2021 B, RB                                                                   | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1474547.53   | 0.26%             | 2031-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                      | New York (City of), NY, Subseries 2023 E-1, GO Bonds                                                                                            | CUSIP: 64966QZ78<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534951.05   | 0.27%             | 2047-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                             | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                           | CUSIP: 378286JJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1110818.05   | 0.20%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group)                                            | Indiana (State of) Finance Authority (Indiana University Health Obligated Group), Series 2019 A, RB                                             | CUSIP: 45470YEW7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $855601.00    | 0.15%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                  | Miami-Dade (County of), FL, Series 2021, RB                                                                                                     | CUSIP: 59334DMT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $2678394.29   | 0.47%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Landmark Academy)                                                                    | Michigan (State of) Finance Authority (Landmark Academy), Series 2020, Ref. RB                                                                  | CUSIP: 594479ES2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    490000 | PA      | $435502.45    | 0.08%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Election of 2008)                                                                            | Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds                                                                       | CUSIP: 586807DW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1218786.33   | 0.22%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                                     | Michigan Strategic Fund, Series 2016, RB                                                                                                        | CUSIP: 594ESCAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $85855.00     | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community)                                          | New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community), Series 2016, Ref. RB                                        | CUSIP: 64542UBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1274277.80   | 0.22%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                   | San Antonio (City of), TX, Series 2024 C, RB                                                                                                    | CUSIP: 79625GLA9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    845000 | PA      | $888074.04    | 0.16%             | 2049-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (4-K Housing, Inc.-Stoney Brook)                                       | New Hope Cultural Education Facilities Finance Corp. (4-K Housing, Inc.-Stoney Brook), Series 2017 A-1, RB                                      | CUSIP: 64542PDE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $514106.63    | 0.09%             | 2052-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                 | Washington State Housing Finance Commission, Series 2025, RB                                                                                    | CUSIP: 93978LJQ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    840000 | PA      | $805105.98    | 0.14%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| William S. Hart Union High School District (Election of 2008)                                                               | William S. Hart Union High School District (Election of 2008), Series 2009 A, GO Bonds                                                          | CUSIP: 969275QS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11350000 | PA      | $8771568.29   | 1.55%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                         | Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB                                                                        | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1335872.80   | 0.24%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                      | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                  | CUSIP: 939783TD8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    360000 | PA      | $302951.99    | 0.05%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                               | Main Street Natural Gas, Inc., Series 2023 B, RB                                                                                                | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1864542.24   | 0.33%             | 2030-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Isle Wight (County of), VA Economic Development Authority (Riverside Health System)                                         | Isle Wight (County of), VA Economic Development Authority (Riverside Health System), Series 2023, RB                                            | CUSIP: 464637AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1324925.91   | 0.23%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN & Knoxville (City of), TN Sports Authority (Multi-Use Stadium)                                         | Knox (County of), TN & Knoxville (City of), TN Sports Authority (Multi-Use Stadium), Series 2023 A, RB                                          | CUSIP: 499419AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $3159530.01   | 0.56%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Aubrey Independent School District                                                                                          | Aubrey Independent School District, Series 2022, GO Bonds                                                                                       | CUSIP: 050195XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1224838.76   | 0.22%             | 2052-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. John the Baptist)     | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. John the Baptist), Series 2019, RB        | CUSIP: 54628CJE3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    775000 | PA      | $644428.47    | 0.11%             | 2044-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group)                              | Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group), Series 2016, Ref. RB                            | CUSIP: 87638RHH3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1817669.54   | 0.32%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                                   | Omaha (City of), NE Public Power District, Series 2023 A, RB                                                                                    | CUSIP: 682001JV5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2562964.80   | 0.45%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                           | Hawaii (State of), Series 2013, COP                                                                                                             | CUSIP: 419808AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1776634.78   | 0.31%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands)                                               | Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands), Series 2017, RB                                                  | CUSIP: 74446EAB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    900000 | PA      | $693000.00    | 0.12%             | 2031-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                                                                         | Los Angeles County Public Works Financing Authority, Series 2025, RB                                                                            | CUSIP: 54473EZP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2183565.71   | 0.39%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Pratt Paper, Inc.)                                                                                | Build NYC Resource Corp. (Pratt Paper, Inc.), Series 2014, Ref. RB                                                                              | CUSIP: 12008HAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1540836.22   | 0.27%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah (County of), UT (IHC Health Services, Inc.)                                                                            | Utah (County of), UT (IHC Health Services, Inc.), Series 2016 B, RB                                                                             | CUSIP: 917393BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1754723.45   | 0.31%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                   | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB                 | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $980917.34    | 0.17%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                | California Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024 E, RB                                                 | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1125843.18   | 0.20%             | 2032-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Center District                                                                                        | Wisconsin (State of) Center District, Series 2020 D, RB                                                                                         | CUSIP: 976595GP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6520000 | PA      | $1774634.46   | 0.31%             | 2050-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission (Central Texas Turnpike System)                                                  | Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2002 A, RB                                                   | CUSIP: 882762FG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6461391.28   | 1.14%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Bonds)                                                          | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-1A, RB                                                          | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600261 | PA      | $1554106.59   | 0.27%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority (City of Sherman)                                                                          | Greater Texoma Utility Authority (City of Sherman), Series 2023, RB                                                                             | CUSIP: 39239H5W9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1239185.66   | 0.22%             | 2053-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                       | Houston (City of), TX, Series 2023 A, Ref. RB                                                                                                   | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1749734.60   | 0.31%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                     | Broward (County of), FL, Series 2019 A, RB                                                                                                      | CUSIP: 114894YT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $625018.14    | 0.11%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund)                                                            | Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund), Series 2025, RB                                                               | CUSIP: 896032BD0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    505000 | PA      | $525836.05    | 0.09%             | 2059-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Adventist Health System/Sunbelt Obligated Group)                           | Colorado (State of) Health Facilities Authority (Adventist Health System/Sunbelt Obligated Group), Series 2018 A, RB                            | CUSIP: 19648FGP3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1705707.40   | 0.30%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2024 B, RB                                                                 | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1483094.43   | 0.26%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA                                                                                                  | Sacramento (County of), CA, Series 2024, RB                                                                                                     | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034235.90   | 0.18%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.)                                                      | Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.), Series 2017 A, Ref. RB                                                  | CUSIP: 451295YZ6<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1319880.24   | 0.23%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Penn State Health)                                                            | Lancaster (County of), PA Hospital Authority (Penn State Health), Series 2021, RB                                                               | CUSIP: 514045W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $502139.83    | 0.09%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                               | Aurora Crossroads Metropolitan District No. 2, Series 2020 B, GO Bonds                                                                          | CUSIP: 05162QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496436.45    | 0.09%             | 2050-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group)                             | Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group), Series 2018 A, Ref. RB                         | CUSIP: 396649EV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1821616.93   | 0.32%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System)                                    | California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System), Series 2021 A, Ref. RB                                | CUSIP: 13032UB49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4459302.31   | 0.79%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                     | Broward (County of), FL, Series 2022 A, RB                                                                                                      | CUSIP: 115117NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4110000 | PA      | $3697129.95   | 0.65%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority (John Glenn Columbus International Airport)                                             | Columbus Regional Airport Authority (John Glenn Columbus International Airport), Series 2025, Ref. RB                                           | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2887350.34   | 0.51%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                           | Philadelphia Authority for Industrial Development, Series 2017, RB                                                                              | CUSIP: 71781XDA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1135936.99   | 0.20%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                             | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                                | CUSIP: 65000B7Y8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    340000 | PA      | $347306.09    | 0.06%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brevard (County of), FL Health Facilities Authority (Health First Obligated Group)                                          | Brevard (County of), FL Health Facilities Authority (Health First Obligated Group), Series 2022 A, Ref. RB                                      | CUSIP: 107416QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $404989.40    | 0.07%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                          | New York Counties Tobacco Trust VI, Series 2016 A-1, Ref. RB                                                                                    | CUSIP: 64945JBC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $2961574.62   | 0.52%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Election of 2008)                                                                            | Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds                                                                       | CUSIP: 586807DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $208361.31    | 0.04%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)            | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB               | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1549591.67   | 0.27%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Academy of Warren                                                                                                           | Academy of Warren, Series 2020 A, RB                                                                                                            | CUSIP: 93466RAG7<br>LEI: 5493008UDWQ0IPXN1T25 | Long             | DBT              | MUN               | US        |    270000 | PA      | $262496.35    | 0.05%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (US Steel Corp.)                                                                       | Indiana (State of) Finance Authority (US Steel Corp.), Series 2012, RB                                                                          | CUSIP: 455054AT3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    240000 | PA      | $240024.53    | 0.04%             | 2042-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University)                                   | Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University), Series 2022, RB                                      | CUSIP: 71780TBM4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1692547.67   | 0.30%             | 2060-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                           | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2020, RB                                              | CUSIP: 64542UFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $1939321.16   | 0.34%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                  | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                             | CUSIP: 703373FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1104988.19   | 0.20%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                                | North East Texas Regional Mobility Authority, Series 2016 A, RB                                                                                 | CUSIP: 659231AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2425548.27   | 0.43%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No. 1 (In the City of Loveland)                                                              | Centerra Metropolitan District No. 1 (In the City of Loveland), Series 2020 A, Ref. GO Bonds                                                    | CUSIP: 15200XAK9<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    670000 | PA      | $616782.24    | 0.11%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Paso (City of), TX                                                                                                       | El Paso (City of), TX, Series 2022 A, RB                                                                                                        | CUSIP: 283822XE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2638326.56   | 0.47%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                    | New Jersey (State of) Turnpike Authority, Series 2025 A, RB                                                                                     | CUSIP: 646140JD6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1353294.28   | 0.24%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mesa (City of), AZ                                                                                                          | Mesa (City of), AZ, Series 2022 A, RB                                                                                                           | CUSIP: 590545W54<br>LEI: 549300L1QYAKFHSIGE94 | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3060547.38   | 0.54%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Turnpike Authority (Triangle Expressway System)                                                   | North Carolina (State of) Turnpike Authority (Triangle Expressway System), Series 2024, RB                                                      | CUSIP: 65830RDD8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $915672.80    | 0.16%             | 2052-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Howard (County of), MD (Downtown Columbia)                                                                                  | Howard (County of), MD (Downtown Columbia), Series 2017 A, RB                                                                                   | CUSIP: 442599AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1314888.45   | 0.23%             | 2047-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                         | Illinois (State of), Series 2016, GO Bonds                                                                                                      | CUSIP: 452152B91<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1734260.15   | 0.31%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                             | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                           | CUSIP: 87638RKF3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |     85000 | PA      | $76010.50     | 0.01%             | 2041-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Green Bonds)                                                                                        | Portland (Port of), OR (Green Bonds), Twenty Ninth Series 2023, RB                                                                              | CUSIP: 7352403K7<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1463787.90   | 0.26%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Anchorage (City of), AK Municipality                                                                                        | Anchorage (City of), AK Municipality, Series 2024 A, RB                                                                                         | CUSIP: 033252CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533861.75   | 0.45%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes)                                             | Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes), Series 2022, Ref. RB                                           | CUSIP: 928104QL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $741880.78    | 0.13%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2020 A, RB                                                                 | CUSIP: 89602RGA7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    750000 | PA      | $747466.20    | 0.13%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                          | Greater Orlando Aviation Authority, Series 2017 A, RB                                                                                           | CUSIP: 392274X50<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    510000 | PA      | $498304.58    | 0.09%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)              | California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2006 C, RB               | CUSIP: 13016NCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10335000 | PA      | $927691.30    | 0.16%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mallard Creek STEM Academy)                                                  | Wisconsin (State of) Public Finance Authority (Mallard Creek STEM Academy), Series 2019 A, RB                                                   | CUSIP: 74442EEB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    650000 | PA      | $618808.78    | 0.11%             | 2039-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills)                             | St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills), Series 2012, RB                                | CUSIP: 791524BQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1859067.60   | 0.33%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                   | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                      | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $190797.94    | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) Department of Business & Industry (Brightline West Passenger Rail) (Green Bonds)                          | Nevada (State of) Department of Business & Industry (Brightline West Passenger Rail) (Green Bonds), Series 2025, RB                             | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $924062.53    | 0.16%             | 2033-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                                  | Southeast Energy Authority, A Cooperative District (No. 2), Series 2024 A, RB                                                                   | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1733569.89   | 0.31%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alhambra Unified School District (Election of 2004)                                                                         | Alhambra Unified School District (Election of 2004), Series 2009 B, GO Bonds                                                                    | CUSIP: 016059DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $2090558.48   | 0.37%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport)                              | Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB                               | CUSIP: 48504NBD0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $988620.81    | 0.17%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (Idea Public Schools)                                                                | Clifton Higher Education Finance Corp. (Idea Public Schools), Series 2021 T, RB                                                                 | CUSIP: 187145QH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1160013.63   | 0.20%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                                                                       | Northwest Independent School District, Series 2024, GO Bonds                                                                                    | CUSIP: 667826FH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $650704.06    | 0.11%             | 2049-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davie (Town of), FL (Nova Southeastern University)                                                                          | Davie (Town of), FL (Nova Southeastern University), Series 2018, Ref. RB                                                                        | CUSIP: 23867PBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2475807.25   | 0.44%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                   | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2016, Ref. RB                 | CUSIP: 650116BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350009.84    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnstown Plaza Metropolitan District                                                                                       | Johnstown Plaza Metropolitan District, Series 2022, Ref. GO Bonds                                                                               | CUSIP: 479706AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    753000 | PA      | $624572.76    | 0.11%             | 2046-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Travis County Cultural Education Facilities Finance Corp. (Wayside Schools)                                                 | Travis County Cultural Education Facilities Finance Corp. (Wayside Schools), Series 2012 A, RB                                                  | CUSIP: 89440BAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4734.11      | 0.00%             | 2042-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village Metropolitan District (The)                                                                                         | Village Metropolitan District (The), Series 2020, Ref. GO Bonds                                                                                 | CUSIP: 92708CAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $380970.79    | 0.07%             | 2030-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Southern Ute Indian Tribe of the Southern Ute Reservation                                               | Colorado (State of) Southern Ute Indian Tribe of the Southern Ute Reservation, Series 2025 A, GO Bonds                                          | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1339196.29   | 0.24%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                  | Miami-Dade (County of), FL, Subseries 2021 B-1, Ref. RB                                                                                         | CUSIP: 59335KDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $815287.36    | 0.14%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa)                                                          | Clackamas (County of), OR Hospital Facility Authority (Rose Villa), Series 2020 A, Ref. RB                                                      | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $450897.73    | 0.08%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mulberry Metropolitan District No. 2                                                                                        | Mulberry Metropolitan District No. 2, Series 2022, RB                                                                                           | CUSIP: 62517PAA8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | MUN               | US        |    750000 | PA      | $766436.33    | 0.14%             | 2034-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                   | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB                 | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $420312.48    | 0.07%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport)                              | Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB                               | CUSIP: 48504NBC2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4590593.87   | 0.81%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds)                                                 | Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds), Series 2021 A, GO Bonds                                            | CUSIP: 167560VF5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $840744.00    | 0.15%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                             | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                           | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1754146.87   | 0.31%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                          | Kentucky (Commonwealth of) Public Energy Authority, Series 2023 A-1, Ref. RB                                                                    | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1815681.19   | 0.32%             | 2032-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Spring Valley Metropolitan District No. 3                                                                                   | Spring Valley Metropolitan District No. 3, Series 2025 A, Ref. GO Bonds                                                                         | CUSIP: 85009TAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495414.55    | 0.09%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                               | Denver (City & County of), CO, Series 2018 A, Ref. RB                                                                                           | CUSIP: 249182LY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1711111.84   | 0.30%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                       | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                  | CUSIP: 284047HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $2562829.95   | 0.45%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds)                                                    | Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds), Series 2023, RB                                                       | CUSIP: 57604TKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5155000 | PA      | $5201207.36   | 0.92%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                       | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                  | CUSIP: 284047GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4155000 | PA      | $3504618.68   | 0.62%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                  | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                             | CUSIP: 703373FD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $197027.37    | 0.03%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                     | Osceola (County of), FL, Series 2020 A-2, Ref. RB                                                                                               | CUSIP: 688031FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $71300.23     | 0.01%             | 2054-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                               | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                             | CUSIP: 2322655V6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    795000 | PA      | $748656.99    | 0.13%             | 2057-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Rans-Bridgewater)                                                            | Wisconsin (State of) Public Finance Authority (Rans-Bridgewater), Series 2024, RB                                                               | CUSIP: 74442PD69<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    963947 | PA      | $965546.53    | 0.17%             | 2030-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                          | South Carolina Jobs-Economic Development Authority, Series 2024, RB                                                                             | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    505000 | PA      | $518921.89    | 0.09%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                  | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                             | CUSIP: 703373FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $2799914.54   | 0.49%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                           | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                         | CUSIP: 64542UEJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1554793.69   | 0.27%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                               | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 A, Ref. RB                           | CUSIP: 79766DTQ2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    610000 | PA      | $637035.38    | 0.11%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant (County of), TX Hospital District                                                                                   | Tarrant (County of), TX Hospital District, Series 2023, GO Bonds                                                                                | CUSIP: 876387FC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3270000 | PA      | $2863485.70   | 0.51%             | 2053-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health)                                           | Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health), Series 2022 A, Ref. RB                                       | CUSIP: 97712D8T6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2278079.06   | 0.40%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dry Creek Joint Elementary School District (Election of 2008-Measure E)                                                     | Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds                                                  | CUSIP: 262386FJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6270000 | PA      | $2363568.04   | 0.42%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.)                                                  | Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.), Series 2017, Ref. RB                                                | CUSIP: 14054TAH5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1161826.97   | 0.21%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                         | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                     | CUSIP: 50826FAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $261982.77    | 0.05%             | 2050-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                                              | Wayne County Airport Authority, Series 2025, RB                                                                                                 | CUSIP: 944514U89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1121969.83   | 0.20%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge)                                              | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB                                                 | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2544490.71   | 0.45%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)            | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB               | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2050944.62   | 0.36%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Turnpike Authority                                                                                      | Oklahoma (State of) Turnpike Authority, Series 2025 A, RB                                                                                       | CUSIP: 679111E83<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3280839.08   | 0.58%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)             | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2020, RB                | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1007589.11   | 0.18%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Alhambra Unified School District (Election of 2004)                                                                         | Alhambra Unified School District (Election of 2004), Series 2009 B, GO Bonds                                                                    | CUSIP: 016059DM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $1756827.38   | 0.31%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority                                                                                        | Windler Public Improvement Authority, Series 2021 A-2, RB                                                                                       | CUSIP: 973405AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $1464733.45   | 0.26%             | 2041-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| White Buffalo Metropolitan District No. 3                                                                                   | White Buffalo Metropolitan District No. 3, Series 2020, GO Bonds                                                                                | CUSIP: 96350BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473924.10    | 0.08%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (DePaul College Prep Foundation)                                                      | Illinois (State of) Finance Authority (DePaul College Prep Foundation), Series 2023, Ref. RB                                                    | CUSIP: 45204FUD5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    580000 | PA      | $591506.91    | 0.10%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority                                                                                       | New York (State of) Thruway Authority, Series 2019 B, RB                                                                                        | CUSIP: 650010CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2262754.46   | 0.40%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)            | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB             | CUSIP: 49126PEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1225041.90   | 0.22%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority (Green Bonds)                                                                | Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB                                                                 | CUSIP: 93878YDT3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   7185000 | PA      | $7371436.38   | 1.30%             | 2053-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                      | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   8320000 | PA      | $2629597.57   | 0.46%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp. (Beacon Hill at Eastgate)                                                           | Grand Rapids Economic Development Corp. (Beacon Hill at Eastgate), Series 2017 A, Ref. RB                                                       | CUSIP: 386247AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $1856128.91   | 0.33%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                              | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Ref. RB                                                                        | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4140000 | PA      | $3339268.94   | 0.59%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District (Election of 2004)                                                            | San Jose Evergreen Community College District (Election of 2004), Series 2008 B, GO Bonds                                                       | CUSIP: 798189FR2<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1412353.92   | 0.25%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                                                             | Las Vegas Valley Water District, Series 2025, GO Bonds                                                                                          | CUSIP: 517845TK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1228842.63   | 0.22%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                                      | M-S-R Energy Authority, Series 2009 B, RB                                                                                                       | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    585000 | PA      | $695350.01    | 0.12%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Turnpike Authority                                                                                      | Oklahoma (State of) Turnpike Authority, Series 2023, RB                                                                                         | CUSIP: 679111D27<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1229251.19   | 0.22%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                                                            | Washington Metropolitan Area Transit Authority Dedicated Revenue, Series 2025, RB                                                               | CUSIP: 93878YEB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2261298.60   | 0.40%             | 2055-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3)                                             | Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3), Series 2017, RB                                                | CUSIP: 928097AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1091264.56   | 0.19%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center                                                                      | Regents of the University of California Medical Center, Series 2022 P, RB                                                                       | CUSIP: 913366KU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1547661.86   | 0.27%             | 2054-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (PIH Health)                                                    | California (State of) Health Facilities Financing Authority (PIH Health), Series 2020 A, RB                                                     | CUSIP: 13032UWP9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $3452659.45   | 0.61%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy)                                           | St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy), Series 2020, RB                                              | CUSIP: 852297DE7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    430000 | PA      | $299394.12    | 0.05%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alamo Community College District                                                                                            | Alamo Community College District, Series 2012, GO Bonds                                                                                         | CUSIP: 011415PJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4895000 | PA      | $4904637.28   | 0.87%             | 2025-10-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                     | Osceola (County of), FL, Series 2020 A-2, Ref. RB                                                                                               | CUSIP: 688031EZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $345932.30    | 0.06%             | 2044-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                          | Tobacco Settlement Financing Corp., Series 2015 B, Ref. RB                                                                                      | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2096048.85   | 0.37%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Rochester High Yield Municipal ETF                                                                                  | Invesco Rochester High Yield Municipal ETF                                                                                                      | CUSIP: 46090A747<br>LEI: 5493006RURMGCZH0OI34 | Long             | EC               | RF                | US        |     15560 | NS      | $773079.93    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy of Excellence)                                           | Arizona (State of) Industrial Development Authority (Leman Academy of Excellence), Series 2019 A, RB                                            | CUSIP: 04052BJM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1134853.02   | 0.20%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis (City of) & Shelby (County of), TN Airport Authority                                                                | Memphis (City of) & Shelby (County of), TN Airport Authority, Series 2018, RB                                                                   | CUSIP: 586111NC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1257458.30   | 0.22%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                               | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                           | CUSIP: 66285WBW5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $2995609.99   | 0.53%             | 2031-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E)                                                     | Houston (City of), TX Airport System (United Airlines, Inc. Terminal E), Series 2021 A, RB                                                      | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $502469.55    | 0.09%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                               | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                        | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    605000 | PA      | $526768.96    | 0.09%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)            | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB             | CUSIP: 49126PFA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1915011.87   | 0.34%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                          | California (State of) Housing Finance Agency (Social Certificates), Series 2023-1, RB                                                           | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    823021 | PA      | $826609.71    | 0.15%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Hogback Metropolitan District                                                                                               | Hogback Metropolitan District, Series 2021 A, GO Bonds                                                                                          | CUSIP: 434610AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $671000.26    | 0.12%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coppell Independent School District                                                                                         | Coppell Independent School District, Series 2023, GO Bonds                                                                                      | CUSIP: 217490FB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $904915.16    | 0.16%             | 2048-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)             | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1312368.15   | 0.23%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                                  | Southeast Energy Authority, A Cooperative District (No. 2), Series 2025 A, RB                                                                   | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1135834.47   | 0.20%             | 2035-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District (Election of 2008 - School Facilities Improvement District No. 2007-1)                        | Poway Unified School District (Election of 2008 - School Facilities Improvement District No. 2007-1), Series 2009 A, GO Bonds                   | CUSIP: 738850QP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8475000 | PA      | $7141263.83   | 1.26%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                  | Miami-Dade (County of), FL, Series 2023 A, Ref. RB                                                                                              | CUSIP: 59335KFA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $816944.27    | 0.14%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group)                                       | Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group), Series 2018, Ref. RB                                     | CUSIP: 26444CHC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $582828.43    | 0.10%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Spectrum High School)                                                                                 | Bethel (City of), MN (Spectrum High School), Series 2017 A, Ref. RB                                                                             | CUSIP: 086759AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $345757.26    | 0.06%             | 2047-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                         | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                     | CUSIP: 50826FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $952485.97    | 0.17%             | 2055-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado Springs (City of), CO                                                                                              | Colorado Springs (City of), CO, Series 2023 A, RB                                                                                               | CUSIP: 1966324Z3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5154549.50   | 0.91%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC)                                        | Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC), Series 2022, Ref. RB                                      | CUSIP: 928104PL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4145000 | PA      | $4254860.32   | 0.75%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group)                           | New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group), Series 2017, RB                              | CUSIP: 645790LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2231779.43   | 0.39%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (OU Medicine)                                                             | Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB                                                              | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3775000 | PA      | $3602759.21   | 0.64%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                              | Tulsa (City of), OK Airports Improvement Trust, Series 2000 A, Ref. RB                                                                          | CUSIP: 899661EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $334988.31    | 0.06%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                                                                | District of Columbia Water & Sewer Authority, Series 2025, RB                                                                                   | CUSIP: 254845VW7<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1350000.00   | 0.24%             | 2060-10-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining)                                                 | Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining), Series 2019 A, Ref. IDR                                            | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $841512.41    | 0.15%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                      | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1946000 | PA      | $1784984.46   | 0.32%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                           | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                            | CUSIP: 74442PFU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1659382.61   | 0.29%             | 2045-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of), OH                                                                                                     | Cleveland (City of), OH, Series 2008 B-2, RB                                                                                                    | CUSIP: 186398HJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3422760.96   | 0.60%             | 2026-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                       | Children's Trust Fund, Series 2005 B, RB                                                                                                        | CUSIP: 16876QBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $282391.52    | 0.05%             | 2055-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust V                                                                                           | New York Counties Tobacco Trust V, Series 2005 S-2, RB                                                                                          | CUSIP: 649441AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10140000 | PA      | $1425125.29   | 0.25%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), CO Center Metropolitan District No. 1                                                                | Jefferson (County of), CO Center Metropolitan District No. 1, Series 2020 B, Ref. RB                                                            | CUSIP: 47248EAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $1965769.26   | 0.35%             | 2050-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (3 World Trade Center)                                                                   | New York Liberty Development Corp. (3 World Trade Center), Series 2014-1, Ref. RB                                                               | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6095000 | PA      | $5923185.00   | 1.05%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                  | Metropolitan Washington Airports Authority, Series 2019 B, Ref. RB                                                                              | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1388625.42   | 0.25%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC)                                              | Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC), Series 2023 A-2, RB                                             | CUSIP: 70870JFM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $461436.19    | 0.08%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                               | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                        | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    980000 | PA      | $910276.92    | 0.16%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                             | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                           | CUSIP: 378286JN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $678634.52    | 0.12%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                                                                 | California State University, Series 2019 A, RB                                                                                                  | CUSIP: 13077DHF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2141773.58   | 0.38%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                           | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 1999, RB                                              | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150156.60    | 0.03%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                       | California (State of), Series 2023, GO Bonds                                                                                                    | CUSIP: 13063D5F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6740000 | PA      | $7026436.52   | 1.24%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)             | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                | CUSIP: 650116CM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2107638.09   | 0.37%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                | California Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB                                                   | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1339388.06   | 0.24%             | 2032-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                      | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                         | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2251095.75   | 0.40%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                         | Illinois (State of), Series 2016, GO Bonds                                                                                                      | CUSIP: 452152N31<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    715000 | PA      | $720536.53    | 0.13%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance)                                             | Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance), Series 2012, RB                                                | CUSIP: 97710BW73<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004982.50   | 0.88%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.)                                                   | Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.), Series 2002, RB                                                      | CUSIP: 451916AH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    360000 | PA      | $360419.69    | 0.06%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                          | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                      | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1660231.19   | 0.29%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Industrial Development Authority (Baycare Health System)                                       | Hillsborough (County of), FL Industrial Development Authority (Baycare Health System), Series 2024 C, Ref. RB                                   | CUSIP: 43233KAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3489951.52   | 0.62%             | 2054-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group)                | West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2023, RB                   | CUSIP: 956622W26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1586483.98   | 0.28%             | 2047-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                       | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                        | CUSIP: 87638RHT7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1160250.00   | 0.20%             | 2048-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                                                               | Palm Beach County Health Facilities Authority, Series 2025, RB                                                                                  | CUSIP: 69651ACZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $809151.16    | 0.14%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp.                                                                                     | Erie Tobacco Asset Securitization Corp., Series 2005 A, RB                                                                                      | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2021643.50   | 0.36%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                                                                          | Grand Parkway Transportation Corp., Series 2020, Ref. RB                                                                                        | CUSIP: 38611TDQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1538225.94   | 0.27%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                        | San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB                                                                         | CUSIP: 79739GMY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $1807294.65   | 0.32%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dry Creek Joint Elementary School District (Election of 2008-Measure E)                                                     | Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds                                                  | CUSIP: 262386FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $901143.31    | 0.16%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                              | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022, RB                                                                 | CUSIP: 544445C56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $642949.07    | 0.11%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oak Grove School District (Election of 2008)                                                                                | Oak Grove School District (Election of 2008), Series 2009 A, GO Bonds                                                                           | CUSIP: 671205ZK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2241200.88   | 0.40%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                                                              | Metropolitan Nashville Airport Authority (The), Series 2019 B, RB                                                                               | CUSIP: 592190PJ5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    950000 | PA      | $921710.62    | 0.16%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                                                     | New York City Housing Development Corp., Series 2018, RB                                                                                        | CUSIP: 64972E3G2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2475000.00   | 0.44%             | 2025-09-05      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                  | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                             | CUSIP: 703373FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4120000 | PA      | $2861495.32   | 0.51%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of)                                                                                                         | Michigan (State of), Series 2023, RB                                                                                                            | CUSIP: 5946954R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4560000 | PA      | $4823104.70   | 0.85%             | 2049-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                               | Denver (City & County of), CO, Series 2022 A, RB                                                                                                | CUSIP: 249182QV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1961788.80   | 0.35%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                         | Illinois (State of), Series 2018 A, GO Bonds                                                                                                    | CUSIP: 452152X30<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1197586.62   | 0.21%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)                         | California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing), Series 2018, RB                            | CUSIP: 13049YBF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1355600.77   | 0.24%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                  | Miami-Dade (County of), FL, Series 2025 A, RB                                                                                                   | CUSIP: 593340AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $456814.17    | 0.08%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                                                                          | Utah Housing Corp., Series 2024 A, RB                                                                                                           | CUSIP: 917437EN1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   4660000 | PA      | $4597879.87   | 0.81%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knoxville (City of), TN                                                                                                     | Knoxville (City of), TN, Series 2022 OO, RB                                                                                                     | CUSIP: 4997462C8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2701195.39   | 0.48%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                      | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                       | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1580427.90   | 0.28%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                        | Triborough Bridge & Tunnel Authority, Series 2025, RB                                                                                           | CUSIP: 89602RNL5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2873834.15   | 0.51%             | 2053-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes)  | Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2023, RB     | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007891.60   | 0.18%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                 | Black Desert Public Infrastructure District, Series 2021 A, GO Bonds                                                                            | CUSIP: 09204PAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $383968.55    | 0.07%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                             | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                           | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $465000.00    | 0.08%             | 2028-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                     | Osceola (County of), FL, Series 2020 A-2, Ref. RB                                                                                               | CUSIP: 688031FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $398601.15    | 0.07%             | 2048-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (Life Enriching Communities)                                                                       | Hamilton (County of), OH (Life Enriching Communities), Series 2016, Ref. RB                                                                     | CUSIP: 40727RBT4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1312022.61   | 0.23%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette (County of), OH  (Adena Health System Obligated Group)                                                              | Fayette (County of), OH  (Adena Health System Obligated Group), Series 2025, RB                                                                 | CUSIP: 312446AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $987621.66    | 0.17%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                          | Greater Orlando Aviation Authority, Series 2024, RB                                                                                             | CUSIP: 392275FJ7<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1703344.69   | 0.30%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                          | California (State of) Housing Finance Agency (Social Certificates), Series 2021-2A, Revenue Ctfs.                                               | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3976044 | PA      | $3975795.46   | 0.70%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.)                                            | Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.), Series 2017, Ref. RB                                          | CUSIP: 741724BX5<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    690000 | PA      | $696484.00    | 0.12%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taney (County of), MO Industrial Development Authority (Big Cedar Infrastructure)                                           | Taney (County of), MO Industrial Development Authority (Big Cedar Infrastructure), Series 2023, RB                                              | CUSIP: 87539QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $726795.99    | 0.13%             | 2049-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                          | New York Counties Tobacco Trust IV, Series 2010 A, RB                                                                                           | CUSIP: 62947YAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1277000 | PA      | $1200199.69   | 0.21%             | 2041-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| South Dakota (State of) Housing Development Authority                                                                       | South Dakota (State of) Housing Development Authority, Series 2023 G, RB                                                                        | CUSIP: 83756C6X8<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1067187.65   | 0.19%             | 2043-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College Station I, LLC - Texas A&M University) | New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College Station I, LLC - Texas A&M University), Series 2014 A, RB  | CUSIP: 64542RAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $501968.32    | 0.09%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp. (Bidding Group 3)                                                                    | New York State Urban Development Corp. (Bidding Group 3), Series 2021 A, Ref. RB                                                                | CUSIP: 64985TCS8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1483160.24   | 0.26%             | 2045-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group)                                 | South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group), Series 2014 B, RB                                  | CUSIP: 83755VXF6<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1261603.73   | 0.22%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                                                      | Clifton Higher Education Finance Corp., Series 2025, RB                                                                                         | CUSIP: 187145VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $521272.43    | 0.09%             | 2049-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rockville (City of), MD (Ingleside at King Farm)                                                                            | Rockville (City of), MD (Ingleside at King Farm), Series 2017 B, RB                                                                             | CUSIP: 774223BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $158055.64    | 0.03%             | 2037-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The)                                                                                        | Black Belt Energy Gas District (The), Series 2023 B, RB                                                                                         | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1532927.35   | 0.27%             | 2030-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System                                                                                                    | JEA Water & Sewer System, Series 2025 A, Ref. RB                                                                                                | CUSIP: 46615SGL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1723207.51   | 0.30%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| La Paz (County of), AZ Industrial Development Authority (Charter School Solutions- Harmony Public Schools)                  | La Paz (County of), AZ Industrial Development Authority (Charter School Solutions- Harmony Public Schools), Series 2018 A, RB                   | CUSIP: 50376FAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $625727.27    | 0.11%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority                                                                                       | New York (State of) Thruway Authority, Series 2019 B, RB                                                                                        | CUSIP: 650010CK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4790000 | PA      | $4095343.66   | 0.72%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hampton (City of), VA Roads Transportation Accountability Commission                                                        | Hampton (City of), VA Roads Transportation Accountability Commission, Series 2022 A, RB                                                         | CUSIP: 409328BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $1791426.36   | 0.32%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)             | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1249988.20   | 0.22%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                   | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                      | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2207813.49   | 0.39%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                  | Miami-Dade (County of), FL, Series 2022 A, Ref. RB                                                                                              | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1290880.50   | 0.23%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                    | Public Finance Authority, Series 2025, RB                                                                                                       | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2662943.40   | 0.47%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DeKalb (County of), GA Housing Authority (Park at 500)                                                                      | DeKalb (County of), GA Housing Authority (Park at 500), Series 2024, RB                                                                         | CUSIP: 240471PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $644636.27    | 0.11%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                                   | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2019, Ref. RB                                 | CUSIP: 72177MSW8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    360000 | PA      | $310763.66    | 0.05%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                   | New Jersey (State of) Transportation Trust Fund Authority, Series 2006 C, RB                                                                    | CUSIP: 646136TH4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  14305000 | PA      | $13841960.02  | 2.44%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Seattle (City of), WA                                                                                                       | Seattle (City of), WA, Series 2022, Ref. RB                                                                                                     | CUSIP: 812643YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5046429.00   | 0.89%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Municipal Power Agency (Prairie State)                                                           | Kentucky (Commonwealth of) Municipal Power Agency (Prairie State), Series 2019 A, Ref. RB                                                       | CUSIP: 491501FE7<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $817404.20    | 0.14%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                      | CUSIP: 74529JRL1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    840000 | PA      | $742077.76    | 0.13%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools)                                      | Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools), Series 2021, RB                                         | CUSIP: 56681NGT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $670563.60    | 0.12%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                      | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                 | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1378777.49   | 0.24%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA Unified School District                                                                            | Sacramento (City of), CA Unified School District, Series 2024 B, GO Bonds                                                                       | CUSIP: 785870L61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1095293.84   | 0.19%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                               | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                             | CUSIP: 2322655W4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1692047.85   | 0.30%             | 2057-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp. (Bidding Group 4)                                                                    | New York State Urban Development Corp. (Bidding Group 4), Series 2022 A, Ref. RB                                                                | CUSIP: 650036GC4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3806089.56   | 0.67%             | 2050-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Expressway Authority                                                                             | Miami-Dade (County of), FL Expressway Authority, Series 2010 A, RB                                                                              | CUSIP: 59334KFV5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3418617.85   | 0.60%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida (State of) North Broward Hospital District                                                                          | Florida (State of) North Broward Hospital District, Series 2017 B, Ref. RB                                                                      | CUSIP: 657883DN1<br>LEI: 549300HZL14T4Q7UDP41 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1182059.96   | 0.21%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                           | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                            | CUSIP: 74442PFT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1681676.78   | 0.30%             | 2037-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                                   | New York Transportation Development Corp., Series 2025, RB                                                                                      | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1730520.62   | 0.31%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                        | Chicago (City of), IL (O'Hare International Airport), Series 2017 D, RB                                                                         | CUSIP: 167593F80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4857103.00   | 0.86%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kingsport (City of), TN                                                                                                     | Kingsport (City of), TN, Series 2023, GO Bonds                                                                                                  | CUSIP: 496443ZQ8<br>LEI: 549300CNSHTU7LSLB359 | Long             | DBT              | MUN               | US        |   2080000 | PA      | $1804413.31   | 0.32%             | 2053-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                                                              | University of Massachusetts Building Authority, Series 2022-1, RB                                                                               | CUSIP: 914440UG5<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   7550000 | PA      | $7555811.23   | 1.33%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Affordable Housing Tax-Exempt Bond Pass-Thru Trust                                                                          | Affordable Housing Tax-Exempt Bond Pass-Thru Trust, Series 2023-1, RB                                                                           | CUSIP: 00832UAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    812358 | PA      | $798077.32    | 0.14%             | 2040-10-05      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Belford North Metropolitan District                                                                                         | Belford North Metropolitan District, Series 2020 A, GO Bonds                                                                                    | CUSIP: 077690AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $891035.55    | 0.16%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington (State of) (Bid Group 2)                                                                                         | Washington (State of) (Bid Group 2), Series 2024 A, GO Bonds                                                                                    | CUSIP: 93974EJ23<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    840000 | PA      | $859170.65    | 0.15%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Mercy Health Corp.)                                                                  | Illinois (State of) Finance Authority (Mercy Health Corp.), Series 2016, Ref. RB                                                                | CUSIP: 45204EBX5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2370165.00   | 0.42%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.)                                                              | Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.), Series 2020 A, RB                                                               | CUSIP: 45506EAC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    460000 | PA      | $395405.60    | 0.07%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                       | Children's Trust Fund, Series 2005 A, RB                                                                                                        | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5570000 | PA      | $1075388.76   | 0.19%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System)                | Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System), Series 2025, Ref. RB              | CUSIP: 57421CHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1029123.32   | 0.18%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)            | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB               | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1513931.33   | 0.27%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                        | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-1, Ref. RB                  | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14491.35     | 0.00%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                               | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1948814.00   | 0.34%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Obligated Group)                                           | Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Obligated Group), Series 2024, RB                                              | CUSIP: 419800PS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3830000 | PA      | $4008714.69   | 0.71%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Provident Group - Howard Properties LLC)                                                              | District of Columbia (Provident Group - Howard Properties LLC), Series 2013, RB                                                                 | CUSIP: 25483WAK8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    310000 | PA      | $278603.51    | 0.05%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges)                                    | California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges), Series 2003 A, RB                                     | CUSIP: 13033WLB7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3526272.09   | 0.62%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waller Consolidated Independent School District                                                                             | Waller Consolidated Independent School District, Series 2023, GO Bonds                                                                          | CUSIP: 932493LA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $2797881.74   | 0.49%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission (Central Texas Turnpike System)                                                  | Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2002, RB                                                     | CUSIP: 882762FF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $189887.90    | 0.03%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. I                                                                            | Texas Municipal Gas Acquisition & Supply Corp. I, Series 2008 D, RB                                                                             | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1638993.44   | 0.29%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Parkdale Community Authority                                                                                                | Parkdale Community Authority, Series 2025, Ref. RB                                                                                              | CUSIP: 700890AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016297.20   | 0.18%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Suburban Sanitary Commission                                                                          | Washington (State of) Suburban Sanitary Commission, Series 2015 B, VRD RB                                                                       | CUSIP: 940158HR2<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    570000 | PA      | $570000.00    | 0.10%             | 2027-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority (Green Bonds)                                                                  | District of Columbia Water & Sewer Authority (Green Bonds), Series 2022 C-1, RB                                                                 | CUSIP: 254845SU5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   3335000 | PA      | $2839029.81   | 0.50%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Range Metropolitan District No. 3                                                                                     | North Range Metropolitan District No. 3, Series 2020 A, GO Bonds                                                                                | CUSIP: 66176NAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487053.80    | 0.09%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                               | Main Street Natural Gas, Inc., Series 2022 C, RB                                                                                                | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1259225.86   | 0.22%             | 2027-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                           | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2024 VIII, Ref. RB                                                                    | CUSIP: 967249RM7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927389.20    | 0.16%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                          | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                                      | CUSIP: 888809BD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700238.28    | 0.12%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) (University Hospitals Health System, Inc.)                                                                  | Ohio (State of) (University Hospitals Health System, Inc.), Series 2020 A, Ref. RB                                                              | CUSIP: 67756CEG9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2064812.23   | 0.36%             | 2050-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3)                                             | Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3), Series 2017, RB                                                | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2240034.52   | 0.40%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                         | Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB                                                                        | CUSIP: 59261AC88<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1067931.65   | 0.19%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                               | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                               | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    119314 | PA      | $75018.87     | 0.01%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group)                              | Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group), Series 2016, Ref. RB                            | CUSIP: 87638RHJ9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $901791.47    | 0.16%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                       | Children's Trust Fund, Series 2008 A, RB                                                                                                        | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18845000 | PA      | $924138.07    | 0.16%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority (Green Bonds)                                                                  | District of Columbia Water & Sewer Authority (Green Bonds), Series 2019 A, RB                                                                   | CUSIP: 254845QE3<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   5805000 | PA      | $5852340.36   | 1.03%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                       | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB                                                 | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1384046.47   | 0.24%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                               | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                           | CUSIP: 66285WBT2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  16400000 | PA      | $15348343.44  | 2.71%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Housing Finance Authority (Social Bonds)                                                           | New Hampshire (State of) Housing Finance Authority (Social Bonds), Series 2023 D, RB                                                            | CUSIP: 64469D2G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1031176.04   | 0.18%             | 2053-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                               | Denver (City & County of), CO, Series 2018 A, Ref. RB                                                                                           | CUSIP: 249182LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5740000 | PA      | $5604542.31   | 0.99%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging)                         | Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging), Series 2016, RB                            | CUSIP: 091081DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $17585.70     | 0.00%             | 2045-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Aurora Highlands Community Authority Board                                                                                  | Aurora Highlands Community Authority Board, Series 2021 A, Ref. RB                                                                              | CUSIP: 05164HAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $762386.86    | 0.13%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority (LCRA Transmission Services Corp.)                                                           | Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB                                                         | CUSIP: 54811BZS3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1212592.45   | 0.21%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group)                              | Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group), Series 2021, RB                                 | CUSIP: 97712JDP5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2329850.95   | 0.41%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                       | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                      | CUSIP: 74529JPW9<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1454000 | PA      | $1305733.00   | 0.23%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of), OH                                                                                                     | Cleveland (City of), OH, Series 2008 B-2, RB                                                                                                    | CUSIP: 186398HU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $1459325.56   | 0.26%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                          | New York Counties Tobacco Trust IV, Series 2005 A, RB                                                                                           | CUSIP: 62947YAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $220423.47    | 0.04%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Medical College of Wisconsin)                               | Wisconsin (State of) Health & Educational Facilities Authority (Medical College of Wisconsin), Series 2022, Ref. RB                             | CUSIP: 97712JEQ2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1226572.27   | 0.22%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                     | Osceola (County of), FL, Series 2020 A-2, Ref. RB                                                                                               | CUSIP: 688031FH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $94029.48     | 0.02%             | 2052-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                                                                      | Patriots Energy Group Financing Agency, Series 2023 A-1, RB                                                                                     | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2105173.44   | 0.37%             | 2031-08-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL (Convention Center Expansion)                                                                       | Broward (County of), FL (Convention Center Expansion), Series 2021, RB                                                                          | CUSIP: 115085AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2090530.83   | 0.37%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                               | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                        | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1210061.15   | 0.21%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                                        | Austin (City of), TX, Series 2022, RB                                                                                                           | CUSIP: 052398HV9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1176318.70   | 0.21%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                           | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2018 I, Ref. RB                                                                       | CUSIP: 967249QF3<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $821109.50    | 0.14%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center                                                                      | Regents of the University of California Medical Center, Series 2022 P, RB                                                                       | CUSIP: 913366KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5430000 | PA      | $4608984.00   | 0.81%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                         | Illinois (State of), Series 2020, GO Bonds                                                                                                      | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1084170.98   | 0.19%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                                                                           | Austin Community College District, Series 2025, GO Bonds                                                                                        | CUSIP: 052403LB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2552232.82   | 0.45%             | 2055-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rockland Tobacco Asset Securitization Corp.                                                                                 | Rockland Tobacco Asset Securitization Corp., Series 2001, RB                                                                                    | CUSIP: 773684AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1453076.84   | 0.26%             | 2043-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tacoma (City of), WA                                                                                                        | Tacoma (City of), WA, Series 2022, RB                                                                                                           | CUSIP: 873545MB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2436453.07   | 0.43%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy)                                                   | California (State of) Community Choice Financing Authority (Clean Energy), Series 2024, RB                                                      | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1576141.05   | 0.28%             | 2032-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                                      | M-S-R Energy Authority, Series 2009 B, RB                                                                                                       | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    750000 | PA      | $794656.05    | 0.14%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (City of New York)                                                                  | New York (State of) Dormitory Authority (City of New York), Series 2005 A, RB                                                                   | CUSIP: 64983QJC4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2731739.88   | 0.48%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                              | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB                                                                        | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9155000 | PA      | $7407387.40   | 1.31%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue)                   | Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB               | CUSIP: 01728A3Z7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    835000 | PA      | $721583.54    | 0.13%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                        | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                           | CUSIP: 645424BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3524888.58   | 0.62%             | 2049-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                       | New York (City of), NY Transitional Finance Authority, Series 2019 B-1, RB                                                                      | CUSIP: 64971XNN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $753666.76    | 0.13%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jarrell Independent School District                                                                                         | Jarrell Independent School District, Series 2023, GO Bonds                                                                                      | CUSIP: 471146XB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1261636.56   | 0.22%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                       | California (State of), Series 2020, GO Bonds                                                                                                    | CUSIP: 13063DR26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1207162.82   | 0.21%             | 2050-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                          | Tobacco Settlement Financing Corp., Series 2018 B, Ref. RB                                                                                      | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1569137.10   | 0.28%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ritoro Metropolitan District                                                                                                | Ritoro Metropolitan District, Series 2025 A, Ref. GO Bonds                                                                                      | CUSIP: 76778TAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $829143.40    | 0.15%             | 2045-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Washington (State of)                                                                                                       | Washington (State of), Series 2004 F, GO Bonds                                                                                                  | CUSIP: 93974AR48<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $4565120.16   | 0.81%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Sports Facilities Authority (The)                                                                       | Illinois (State of) Sports Facilities Authority (The), Series 2014, Ref. RB                                                                     | CUSIP: 452143FD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1062007.11   | 0.19%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                       | New York (City of), NY Transitional Finance Authority, Series 2024 B, RB                                                                        | CUSIP: 64972JBB3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2012041.48   | 0.36%             | 2053-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Energy Southeast, A Cooperative District                                                                                    | Energy Southeast, A Cooperative District, Series 2024 B, RB                                                                                     | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1084911.80   | 0.19%             | 2032-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                      | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                 | CUSIP: 74526QPM8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1918631.59   | 0.34%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                                                                         | Los Angeles County Public Works Financing Authority, Series 2025, RB                                                                            | CUSIP: 54473EZQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $811276.91    | 0.14%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                 | TSASC, Inc., Series 2016 B, Ref. RB                                                                                                             | CUSIP: 898526FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2212510.81   | 0.39%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga (City of), TN Health, Educational & Housing Facility Board (Erlanger Health System)                             | Chattanooga (City of), TN Health, Educational & Housing Facility Board (Erlanger Health System), Series 2024, Ref. RB                           | CUSIP: 162409AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1889124.20   | 0.33%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Invesco Value Municipal Income Trust

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer