# EDGAR Filing Document

**Accession Number:** 0000751656
**File Stem:** 0002071691-25-007833
**Filing Date:** 2025-11
**Character Count:** 99484
**Document Hash:** 71192d70d2f5bc811056575e7fdad39b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007833.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007833

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS MUNICIPAL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000751656

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04096
- **FILM NUMBER:** 251530041

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE MUNICIPAL BOND TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19890410

## Series and Classes Contracts Data

### MFS Georgia Municipal Bond Fund (Series ID: S000002532)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006983 | A            | MMGAX           |
| C000006984 | B            | MBGAX           |
| C000169768 | I            | MGATX           |
| C000194246 | R6           | MPGOX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Municipal Series Trust

- **b. Investment Company Act file number:** 811-04096

- **c. CIK number of Registrant:** 0000751656

- **d. LEI of Registrant:** 5493001Q9KE7H84Z5340

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Georgia Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000002532

- **c. LEI of Series:** D6T6CE9XSLIZ37D0OB07

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $109188920.60

**Total Liabilities:** $1431823.73

**Net Assets:** $107757096.87

**Delayed Delivery Securities:** $1033780.00

**Cash Not Reported:** $4041.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -135.18204100 | **1-Year:** -3094.31640930 | **5-Year:** -15057.47569970 | **10-Year:** -44701.39637780 | **30-Year:** -19298.56101490

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

- **3-Month:** -34.45422390 | **1-Year:** -331.61656200 | **5-Year:** -1273.46740390 | **10-Year:** -2256.63470280 | **30-Year:** -1122.91934560

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194246 | -0.83%               | 0.77%                | 3.49%                |
| Class ID C000006983 | -0.85%               | 0.80%                | 3.48%                |
| Class ID C000006984 | -1.01%               | 0.84%                | 3.30%                |
| Class ID C000169768 | -0.83%               | 0.88%                | 3.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-22857.72               | $-1195398.60                               |
| Month 2  | $2652.24                 | $557191.84                                 |
| Month 3  | $-33804.02               | $3256566.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005GAS2<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024354.50   | 0.95%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                                              | Metropolitan Atlanta Rapid Transit Authority, Series 2025A                                                | CUSIP: 591746BZ4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073040.40   | 1.00%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Knightdale NC                                                                                     | Town of Knightdale, Series 2025                                                                           | CUSIP: 49906YAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $522894.30    | 0.49%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                         | Territory of Guam                                                                                         | CUSIP: 40065HDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    100000 | PA      | $100214.13    | 0.09%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FCS2<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    500000 | PA      | $464614.40    | 0.43%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cedartown Polk County Hospital Authority                                                                  | Cedartown Polk County Hospital Authority                                                                  | CUSIP: 150759AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508919.10    | 0.47%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005GAW3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    750000 | PA      | $756170.25    | 0.70%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                                                  | Development Authority of Rockdale County                                                                  | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $145450.20    | 0.13%             | 2038-01-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Town of Knightdale NC                                                                                     | Town of Knightdale, Series 2025                                                                           | CUSIP: 49906YAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $626980.90    | 0.58%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                                                       | Dalton Whitfield County Joint Development Authority                                                       | CUSIP: 235641AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $226623.10    | 0.21%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    326000 | PA      | $266667.05    | 0.25%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528NAU1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |     60000 | PA      | $60040.43     | 0.06%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                                                      | City of Atlanta GA Airport Passenger Facility Charge                                                      | CUSIP: 04780TDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $359979.36    | 0.33%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Brunswick MD                                                                                      | City of Brunswick                                                                                         | CUSIP: 117250AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      9000 | PA      | $9112.35      | 0.01%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio                                                                  | MFS Institutional Money Market Portfolio, Class A                                                         | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |   1346241 | NS      | $1346375.94   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Maryland Community Development Administration                                                             | Maryland Community Development Administration                                                             | CUSIP: 57419TT76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $192777.12    | 0.18%             | 2046-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                                                 | Private Colleges & Universities Authority                                                                 | CUSIP: 74265LG85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350171.01    | 0.32%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                                               | New York City Industrial Development Agency                                                               | CUSIP: 64972PAL8<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175052.96    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                                                      | Port of Beaumont Navigation District                                                                      | CUSIP: 73360CAM6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    130000 | PA      | $94160.77     | 0.09%             | 2041-01-01      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority                                                                      | CUSIP: 74526QZN5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    155000 | PA      | $106175.00    | 0.10%             | 2022-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                                              | County of DeKalb                                                                                          | CUSIP: 240523A75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030565.90   | 0.96%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta                                                                                           | CUSIP: 04780MF79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015117.20   | 0.94%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                                           | DeKalb County Housing Authority, Series 2023A                                                             | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013939.60   | 0.94%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water & Sewer Authority                                                                     | Walton County Water & Sewer Authority                                                                     | CUSIP: 93342PFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030427.40   | 0.96%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                                           | DeKalb County Housing Authority, Series 2024                                                              | CUSIP: 240471PH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995521.80    | 0.92%             | 2034-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                  | Massachusetts Development Finance Agency                                                                  | CUSIP: 57584YL64<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $399215.60    | 0.37%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                                         | Iowa Student Loan Liquidity Corp.                                                                         | CUSIP: 462590MS6<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4826.03      | 0.00%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |      6000 | PA      | $5307.90      | 0.00%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Georgia Municipal Association, Inc.                                                                       | Georgia Municipal Association, Inc.                                                                       | CUSIP: 373293DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910354.10    | 0.84%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2025 C                                                        | CUSIP: 37353PRH4<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024542.40   | 0.95%             | 2045-12-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Augusta Development Authority                                                                             | Augusta Development Authority, Series 2023                                                                | CUSIP: 05115CBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $789325.58    | 0.73%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 6262074F8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129389.59    | 0.12%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cherokee County Water & Sewer Authority/GA                                                                | Cherokee County Water & Sewer Authority                                                                   | CUSIP: 164243WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915522.00    | 0.85%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                                                                                  | Village of Bridgeview                                                                                     | CUSIP: 108555GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $204595.34    | 0.19%             | 2036-12-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Jefferson Public Building Authority                                                                       | Jefferson Public Building Authority, Series 2025                                                          | CUSIP: 47407RMD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045901.80   | 0.97%             | 2050-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County Water Authority                                                                              | Henry County Water Authority, Series 2025                                                                 | CUSIP: 426368AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985631.40    | 0.91%             | 2044-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2024C                                                         | CUSIP: 37353PPH6<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    750000 | PA      | $744204.00    | 0.69%             | 2049-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2023 B                                                        | CUSIP: 37353PLT4<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    685000 | PA      | $705459.79    | 0.65%             | 2038-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta GA Department of Aviation                                                                 | CUSIP: 04780MVW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010739.90   | 0.94%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                                                     | Connecticut Housing Finance Authority, Series 2017                                                        | CUSIP: 20775CTX2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70138.87     | 0.07%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Brunswick MD                                                                                      | City of Brunswick                                                                                         | CUSIP: 117250AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9993.23      | 0.01%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                                                | Development Authority of Cobb County (The), Series 2025                                                   | CUSIP: 19078VFP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969495.00    | 0.90%             | 2056-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                                                               | Savannah Hospital Authority                                                                               | CUSIP: 804833FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917912.40    | 0.85%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority, Series VV                                                           | CUSIP: 74526YGW9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     10000 | PA      | $9984.79      | 0.01%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 37353PBM0<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    405000 | PA      | $372649.82    | 0.35%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                                   | Energy Southeast A Cooperative District                                                                   | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    715000 | PA      | $786875.52    | 0.73%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rome Building Authority                                                                                   | Rome Building Authority, Series 2023                                                                      | CUSIP: 776000AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053474.00   | 0.98%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     24000 | PA      | $23446.26     | 0.02%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                              | Savannah Georgia Convention Center Authority, Series 2025B                                                | CUSIP: 804828AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250226.88    | 0.23%             | 2061-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2024 A                                                        | CUSIP: 37353PMF3<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984930.70    | 0.91%             | 2049-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                                                                    | Carroll City-County Hospital Authority                                                                    | CUSIP: 144709MB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770004.45    | 0.71%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                                             | Doylestown Hospital Authority, Series 2019A                                                               | CUSIP: 261333HE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15164.53     | 0.01%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                                              | Chicago Board of Education Dedicated Capital Improvement Tax, Series 2016                                 | CUSIP: 167510AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $446074.49    | 0.41%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                                             | Maryland Community Development Administration                                                             | CUSIP: 57419TT68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $596686.41    | 0.55%             | 2043-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                  | New Hampshire Business Finance Authority                                                                  | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315899 | PA      | $312289.34    | 0.29%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FGC3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    400000 | PA      | $393564.56    | 0.37%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                 | Golden State Tobacco Securitization Corp.                                                                 | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $223226.61    | 0.21%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 3599006Z5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503344.35    | 0.47%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                               | Virginia Small Business Financing Authority                                                               | CUSIP: 928105BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $490269.67    | 0.45%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 37353PKP3<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999099.90    | 0.93%             | 2038-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                              | Savannah Georgia Convention Center Authority, Series 2025C                                                | CUSIP: 804828AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503938.05    | 0.47%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 37353PDC0<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900131.20    | 0.84%             | 2044-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                                               | Atlanta Urban Residential Finance Authority, Series 2024A                                                 | CUSIP: 04785WAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973543.30    | 0.90%             | 2044-05-01      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Bibb County Development Authority                                                                         | Bibb County Development Authority                                                                         | CUSIP: 08869FFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928690.30    | 0.86%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                                              | Gainesville & Hall County Hospital Authority                                                              | CUSIP: 362762LU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007235.50   | 0.93%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Little Rock School District                                                                               | Little Rock School District                                                                               | CUSIP: 5374282N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $720728.70    | 0.67%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Hart GA                                                                                         | County of Hart                                                                                            | CUSIP: 416049AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000774.20   | 0.93%             | 2052-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FBW4<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    660000 | PA      | $665989.17    | 0.62%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois                                                                                         | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     85000 | PA      | $88961.34     | 0.08%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                              | Savannah Georgia Convention Center Authority, Series 2025A                                                | CUSIP: 804828AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497096.60    | 0.46%             | 2061-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Cartersville GA                                                                                   | City of Cartersville                                                                                      | CUSIP: 146441CV0<br>LEI: 549300BU50U4TH5CTS53 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $712509.20    | 0.66%             | 2040-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                                         | Iowa Student Loan Liquidity Corp.                                                                         | CUSIP: 462590MT4<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    130000 | PA      | $100520.11    | 0.09%             | 2044-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                                               | Atlanta Urban Residential Finance Authority, Series 2025 A                                                | CUSIP: 04785VBZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000229.10   | 0.93%             | 2043-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois                                                                                         | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    180000 | PA      | $191046.49    | 0.18%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority                                                                      | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    200000 | PA      | $137000.00    | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                                              | Metropolitan Atlanta Rapid Transit Authority                                                              | CUSIP: 591746AM4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102858.50   | 1.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spalding County Water & Sewer Facilities Authority                                                        | Spalding County Water & Sewer Facilities Authority, Series 2025                                           | CUSIP: 846378EF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $699127.32    | 0.65%             | 2056-06-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                                                      | Fayette County Development Authority, Series 2024                                                         | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024832.50   | 0.95%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     85068 | PA      | $82964.23     | 0.08%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority                                                                                  | CUSIP: 74446EAA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    245000 | PA      | $196000.00    | 0.18%             | 2027-08-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta, Series 2023 C                                                                            | CUSIP: 04780MQ51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508792.05    | 0.47%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                                             | City of Atlanta, Series 2024                                                                              | CUSIP: 047870TF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960032.10    | 0.89%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bibb County Development Authority                                                                         | Bibb County Development Authority                                                                         | CUSIP: 08869FFR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $561496.49    | 0.52%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Authority/GA                                                                       | Douglas County Housing Authority, Series 2025A                                                            | CUSIP: 259028AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033422.20   | 0.96%             | 2044-02-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                 | New York Transportation Development Corp., Series 2024                                                    | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506186.35    | 0.47%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                                                   | Port Authority of New York & New Jersey                                                                   | CUSIP: 73358W5U4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $875973.50    | 0.81%             | 2055-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                                                   | Georgia Ports Authority                                                                                   | CUSIP: 373586HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918776.60    | 0.85%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | CUSIP: 235586CG7<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500292.25    | 0.46%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FGE9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $888851.20    | 0.82%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2025                                                                     | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    450000 | PA      | $462675.11    | 0.43%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                                                | Chicago Board of Education                                                                                | CUSIP: 167505YC4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    370000 | PA      | $282403.98    | 0.26%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                            | Buckeye Tobacco Settlement Financing Authority                                                            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $302828.24    | 0.28%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Senoia Building & Facilities Authority                                                            | City of Senoia Building & Facilities Authority, Series 2025                                               | CUSIP: 81724FAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942345.40    | 0.87%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                    | North Carolina Medical Care Commission                                                                    | CUSIP: 65821DXK2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    745000 | PA      | $723570.30    | 0.67%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                                               | George L Smith II Congress Center Authority                                                               | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1037474.38   | 0.96%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority, Series 2024 A                                                        | CUSIP: 37353PMG1<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000221.40   | 0.93%             | 2054-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Clemson University                                                                                        | Clemson University                                                                                        | CUSIP: 185630A42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $750125.40    | 0.70%             | 2048-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Cartersville GA Water & Sewer Revenue                                                             | City of Cartersville                                                                                      | CUSIP: 146501QU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500125.35    | 0.46%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    578000 | PA      | $536621.73    | 0.50%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    155000 | PA      | $155004.99    | 0.14%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                            | Wayne County Airport Authority                                                                            | CUSIP: 944514RS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40000.49     | 0.04%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lawrenceville Housing Authority                                                                           | Lawrenceville Housing Authority, Series 2024A                                                             | CUSIP: 520628AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $981006.74    | 0.91%             | 2042-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                       | Atlanta Development Authority (The)                                                                       | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $241304.06    | 0.22%             | 2048-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 745272FP4<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |     45000 | PA      | $45058.10     | 0.04%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Urban Redevelopment Agency of Dacula                                                                      | Urban Redevelopment Agency of Dacula, Series 2024                                                         | CUSIP: 23346RAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921967.90    | 0.86%             | 2050-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                                                   | Development Authority for Fulton County                                                                   | CUSIP: 36005FCT0<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013993.40   | 0.94%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority, Series VV                                                           | CUSIP: 74526YGU3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     70000 | PA      | $70551.94     | 0.07%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia, Series 2020                                                      | CUSIP: 6262075A8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063685.40   | 0.99%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County Hospital Authority/GA                                                                   | Washington County Hospital Authority                                                                      | CUSIP: 937590DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944767.00    | 0.88%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                       | Georgia Housing & Finance Authority                                                                       | CUSIP: 373539K87<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1383734.69   | 1.28%             | 2041-12-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                                                     | Columbia County Hospital Authority                                                                        | CUSIP: 197479AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070701.50   | 0.99%             | 2053-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Griffin Housing Authority                                                                                 | Griffin Housing Authority, Series 2025 A                                                                  | CUSIP: 398194AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049833.30   | 0.97%             | 2044-09-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc.                                                                             | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $804580.58    | 0.75%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville GA Water & Sewerage Revenue                                                           | City of Gainesville, Series 2024                                                                          | CUSIP: 363010ZJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422102.92    | 0.39%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                      | District of Columbia                                                                                      | CUSIP: 25483VUW2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    250000 | PA      | $223703.53    | 0.21%             | 2049-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Moultrie-Colquitt Counties Development Authority GA                                                       | Moultrie-Colquitt Counties Development Authority                                                          | CUSIP: 620272BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $880864.13    | 0.82%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    316000 | PA      | $237320.65    | 0.22%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority                                                                      | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    125000 | PA      | $85625.00     | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macon Water Authority                                                                                     | Macon Water Authority, Series 2024                                                                        | CUSIP: 555758KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039123.50   | 0.96%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     35711 | PA      | $33889.75     | 0.03%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 62620HGP1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012867.50   | 0.94%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 62620HGQ9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004412.90   | 0.93%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commerce School District                                                                                  | Commerce School District, Series 2025                                                                     | CUSIP: 200635BJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $567407.55    | 0.53%             | 2047-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                               | Virginia Small Business Financing Authority                                                               | CUSIP: 928104NZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $299015.51    | 0.28%             | 2041-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Development Authority                                                           | Gainesville & Hall County Development Authority                                                           | CUSIP: 362763AQ7<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506018.05    | 0.47%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    145000 | PA      | $49258.85     | 0.05%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     48553 | PA      | $43477.58     | 0.04%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                                                 | Private Colleges & Universities Authority, Series 2025 A                                                  | CUSIP: 74265L3N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $812320.35    | 0.75%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    196000 | PA      | $187528.88    | 0.17%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    125000 | PA      | $125128.46    | 0.12%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                                                       | Dalton Whitfield County Joint Development Authority, Series 2024 B                                        | CUSIP: 235641BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $906965.81    | 0.84%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rome Building Authority                                                                                   | Rome Building Authority, Series 2023                                                                      | CUSIP: 776000AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060270.20   | 0.98%             | 2043-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                                           | Allegheny County Hospital Development Authority                                                           | CUSIP: 01728A3Z7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    210000 | PA      | $189445.62    | 0.18%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dahlonega Downtown Development Authority                                                                  | Dahlonega Downtown Development Authority                                                                  | CUSIP: 23378RFM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026810.30   | 0.95%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                                                   | Georgia Ports Authority                                                                                   | CUSIP: 373586HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935902.10    | 0.87%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    627000 | PA      | $605100.08    | 0.56%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc., Series 2025 A                                                              | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $543946.20    | 0.50%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                                                     | Columbia County Hospital Authority                                                                        | CUSIP: 197479AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022696.40   | 0.95%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                       | Atlanta Development Authority (The), Series 2024A-1                                                       | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506423.95    | 0.47%             | 2034-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                            | Wayne County Airport Authority                                                                            | CUSIP: 944514RR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25007.79     | 0.02%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                                                 | Private Colleges & Universities Authority                                                                 | CUSIP: 74265L2K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035987.50   | 0.96%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                                              | Chicago Board of Education Dedicated Capital Improvement Tax                                              | CUSIP: 167510BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $192371.49    | 0.18%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Americus-Sumter Payroll Development Authority                                                             | Americus-Sumter Payroll Development Authority                                                             | CUSIP: 03069XCN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500387.10    | 0.46%             | 2035-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rockdale County Public Facilities Authority                                                               | Rockdale County Public Facilities Authority, Series 2024                                                  | CUSIP: 77302EAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032869.00   | 0.96%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                         | Territory of Guam                                                                                         | CUSIP: 40065HDU1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |     35000 | PA      | $35340.37     | 0.03%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                         | Territory of Guam                                                                                         | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |     90000 | PA      | $83598.02     | 0.08%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fulton County Residential Care Facilities for the Elderly Authority                                       | Fulton County Residential Care Facilities for the Elderly Authority                                       | CUSIP: 360059AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502017.45    | 0.47%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                                               | Glynn-Brunswick Memorial Hospital Authority                                                               | CUSIP: 380037FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400395.56    | 0.37%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                                                                    | Coweta County Water & Sewage Authority, Series 2024                                                       | CUSIP: 223663MP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035691.40   | 0.96%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 626207Z23<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    750000 | PA      | $768923.63    | 0.71%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                                                           | Cobb-Marietta Coliseum & Exhibit Hall Authority, Series 2025                                              | CUSIP: 190760JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082694.70   | 1.00%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                                                     | Toll Road Investors Partnership II LP                                                                     | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    219865 | PA      | $74512.39     | 0.07%             | 2043-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                      | Puerto Rico Electric Power Authority, Series RR                                                           | CUSIP: 74526QDH2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    490000 | PA      | $490055.22    | 0.45%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     59571 | PA      | $42546.63     | 0.04%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                                                | Development Authority of Cobb County (The)                                                                | CUSIP: 190778JU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $390272.84    | 0.36%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond County Hospital Authority                                                                        | Richmond County Hospital Authority                                                                        | CUSIP: 764603BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002680.00   | 0.93%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Classic Center Authority for Clarke County                                                                | Classic Center Authority for Clarke County, Series 2023A                                                  | CUSIP: 18274ABU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015684.10   | 0.94%             | 2043-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta, Series 2024B                                                                             | CUSIP: 04780MX87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042537.70   | 0.97%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Gwinnett County                                                                  | Development Authority of Gwinnett County                                                                  | CUSIP: 403720FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012257.50   | 0.94%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                                                       | DeKalb County Development Authority, Series 2024A                                                         | CUSIP: 240463KD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $471226.50    | 0.44%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                                               | Atlanta Urban Residential Finance Authority, Series 2024A                                                 | CUSIP: 04785WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044000.30   | 0.97%             | 2043-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                                              | Metropolitan Atlanta Rapid Transit Authority                                                              | CUSIP: 5917457Q1<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $858740.50    | 0.80%             | 2040-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                                              | Chicago Board of Education Dedicated Capital Improvement Tax                                              | CUSIP: 167510BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $68933.63     | 0.06%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                                                        | City of Atlanta                                                                                           | CUSIP: 047849EE0<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |    410000 | PA      | $412372.63    | 0.38%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia                                                                   | CUSIP: 62620HEM0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951936.60    | 0.88%             | 2063-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                                        | New York State Dormitory Authority                                                                        | CUSIP: 65000BNG9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    695000 | PA      | $624654.88    | 0.58%             | 2052-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Savannah Housing Authority                                                                                | Savannah Housing Authority, Series BDS 2025A                                                              | CUSIP: 80483HAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519446.00    | 0.48%             | 2042-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority                                                                      | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21312.26     | 0.02%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                                                  | Metropolitan Pier & Exposition Authority                                                                  | CUSIP: 592248BB3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $490854.70    | 0.46%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     83000 | PA      | $79412.74     | 0.07%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                                        | Matching Fund Special Purpose Securitization Corp.                                                        | CUSIP: 57665NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |     45000 | PA      | $45349.02     | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                                                   | Municipal Electric Authority of Georgia, Series 2024                                                      | CUSIP: 62620HJZ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040969.40   | 0.97%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                   | Puerto Rico Sales Tax Financing Corp. Sales Tax                                                           | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     82000 | PA      | $77060.34     | 0.07%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Griffin GA Public Utility Revenue                                                                 | City of Griffin, Series 2025                                                                              | CUSIP: 398192ET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039163.90   | 0.96%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                             | CUSIP: 235586CF9<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500891.35    | 0.46%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     46290 | PA      | $45769.77     | 0.04%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                                                       | Dalton Whitfield County Joint Development Authority, Series 2024 B                                        | CUSIP: 235641BF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $475119.14    | 0.44%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                                           | DeKalb County Housing Authority, Series 2024                                                              | CUSIP: 240471PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996746.90    | 0.92%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roswell GA                                                                                        | City of Roswell                                                                                           | CUSIP: 778535GM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481414.25    | 0.45%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    585000 | PA      | $624143.64    | 0.58%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    171495 | PA      | $148020.88    | 0.14%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                                                        | New York Liberty Development Corp.                                                                        | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $279998.43    | 0.26%             | 2044-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Upper Oconee Basin Water Authority                                                                        | Upper Oconee Basin Water Authority, Series 2024                                                           | CUSIP: 916281DH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045809.40   | 0.97%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                                               | George L Smith II Congress Center Authority, Series 2021B                                                 | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915534.70    | 0.85%             | 2054-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    191510 | PA      | $126636.12    | 0.12%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    150816 | PA      | $167128.42    | 0.16%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** MFS Municipal Series Trust

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer